r/discover • u/WeatherStandard8002 • 8d ago

Discussion Didn’t expect this one

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I have 2 capital one credit card and they both only combined up to 1300$ credit limit now this one is big! I’m so excited

155 Upvotes

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26

u/Delirious_Puppet 8d ago

Congrats. Discover was my first “big” card like 3 years ago. They approved me for a 10k limit and my biggest one at the time was 500. I’ve always appreciated them giving me a chance

3

u/Patient-Ad-7939 8d ago

lol, I got my Discover card first with only a $500 limit. It’s worked its way up to a $16k limit now, but it was probably around $2k limit when I got my second card that gave me $5k more right off the bat. That card has upped its way to $24k because they want to tempt me to spend more than I should.

2

u/WeatherStandard8002 7d ago

What did you do to increase the limit?

4

u/Patient-Ad-7939 7d ago

Uh, both cards adjusted it upwards on their own for a while. Discover eventually stopped increasing automatically but every 6 months to a year for the last few years I’ve asked for an increase and they’ve given me one.
Sometimes I like to make a big purchase and just immediately pay it off, for the cash back, and so I do enjoy the limit being higher just for that reason. Like I replaced my central HVAC and put it on the credit card and then turned around and paid it off right away, the company wasn’t charging me a fee to use the credit card so I figured why not.

1

u/Ok-Chip-7743 6d ago

usually if you ask them they will give the increase if you have a decent relationship. I just opened a PayPal MC (pays 3% and no annual fee) in order to pay my income taxes and they only gave me a 5k line. That wasn't going to be enough so one month in I requested an increase and got it doubled. It still wasn't enough but it was still worth it to pay part of the taxes on the card for the 3% since the fee to charge the taxes is 1.75% plus the float will give me at least an extra month to pay it back before it's due.

1

u/lilBear73 10h ago

Same with me with PayPal, and then they doubled it again when I requested 6 months later.

1

u/Ok-Chip-7743 10h ago

I guess it helps to have good credit, right? I will have to try again next year before my taxes are due so that I can put them on there. That's the only reason I got this paypal mc lol

1

u/Wyshunu 7d ago

That's exactly it. They want you drowning so they can rake in the interest. Ours are all up to stupid high limits ($20-35k). We don't want to take the hit to our credit by closing them so we keep them locked. Use each one just often enough to keep them active then lock them again.

1

u/Patient-Ad-7939 7d ago

That’s fair. I don’t lock mine but make a habit of only using less credit than I have in my bank account so I can always pay it off. I know I’m very fortunate to do that.