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I was questioning my balance on my Discover card today-over the phone-when the rep asked if I’d like to have a credit increase. With Discover I’ve paid on time all the time-but still have a balance (high balance but payments are reasonable)…but with other cards I’ve been late & the balances are high & my credit score is not good. How much would Discover increase my limit ($ 2000-$ 8000 would be nice so I could transfer a balance from another card to my Discover Card)? Would they increase it based on my payment history with them or do they take into account my credit score & my other debts?

4 Thoughts on Credit Limit Increase on Discover Card?
  1. Reply
    kabob
    November 13, 2011 at 2:41 am

    From personal experience, I’m pretty sure they do another general credit check like they did with the initial credit card application. The results determine what you qualify for.

  2. Reply
    Sherri C
    November 13, 2011 at 2:56 am

    They periodically review your credit and your payment record with them. I got my first increase with Discover six months after I opened my account, another one at one year, and about one per year since. Most of the time my increases have been $ 1000-2500. I have had Discover since 2001 and now have a $ 14,500 limit.

  3. Reply
    prprincess
    November 13, 2011 at 3:51 am

    They might base it with the account that you have with them and not the accounts you have with other cards. There are some cards that to that now.

  4. Reply
    grierGRIER h
    November 13, 2011 at 4:18 am

    The new revamped Discover Miles card is here. Forget the regular travel reward credit card features, this offer from Discover will change your outlook towards a travel reward credit card. In this article we look at few features of the Discover Miles card which make it very special.

    The new Discover Miles Card, allows you to redeem your reward points or reward miles for any travel purchase. This is a perfectly No Hassles Miles program.

    Earn 1 mile for every dollar you spend. This offer has an upper spending limit of $ 3,000 in restaurant and travel purchases. The limit of miles in your account has been reduced from 25,000 to 20000.

    The points can also be redeemed for gift certificates. Discover has tied up with 50 merchants, this gives a lot of choice. The gifts can be redeemed in the following ways, 1,000 miles for $ 5 gift card, 3,500 miles for $ 25, 6,000 miles for $ 50 etc. apply online at: http://www.credit-card-gallery.com/Discover.html

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