Discover rejected my credit limit increrase request

I called Discover at the beginning of December to try to get a credit limit increase (CLI). I asked for them to do it using only a soft pull, because a hard pull will hurt your credit report. The customer service rep (CSR) on the phone said she was unable to do it because I had not been with the company long enough, and that after 6 months to try again (evidently I had only been there 5 months). She didn't give me a specific date, so I called again the other day and inquired about the CLI. A different CSR said that 6 months still wasn't up yet.



I bought a new camera (Nikon D40) on the card along with 2 lenses and a months worth of gas, so I have a decent sized balance going on the card right now. I am hoping that I don't go over my credit limit ($1000), because I am definitly pushing it. I am a little frustrated with Discover right now, although I guess I understand because of the credit crunch going on right now. I just think that $1000 is too small for a credit card, because one decent sized purchase and you're maxed out!



I am now considering getting a new card. I got this Discover card because of the rewards program, which I just received my first $20 from. I get 5% cashback on gas purchases and 1% on everything else. The camera was the first purchase I made that wasn't gas on that card, so I have done pretty well with it so far. I always pay off my bill every month on time just to make sure I don't build up any debt.

It's really frustrating to use up that much of my credit limit, and then have a CSR say they can't increase my limit. I have always paid the full balance every month on time, so I don't see what the problem is. It's now been over 6 months, so I'm going to wait another week, and then try again. If it doesn't work this final time I'm definitly getting a new card.



I will be on the lookout for a new card with a decent reward program, because that is where I benefit the most at from credit cards. What I need is one with rewards for eating out. I'm going to analyze my spending and see where I spend the most money every month, and then get a card that has rewards in that area. I will update when I find something interesting.

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3 comments:

  1. CresceNet said,

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    on January 11, 2008 at 2:32 PM


  2. Veronica said,

    I'm in the EXACT same situation. Discover, $1000 limit, same card and having to pay the balance 2 or 3 times a month because I use the card for everything so I can get rewards. I've had the card for like 3 months so I still have 3 more to be eligible for the credit increase. ARGH!

    on August 11, 2009 at 11:11 PM


  3. Jeremy said,

    Veronica,
    They have now increased my credit limit to 1750 without me asking. They just randomly increased it a few different times. I also have a Chase account, and they are much better about raising your limit.

    on August 17, 2009 at 11:44 AM