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Your credit line doesn’t only affect your spending power, it affects your credit score and subsequently the loan terms you receive from other providers. That’s why requesting a credit limit increase from Discover could be worth considering.
Find your credit line information on your credit card statement or on your online account. Calling Discover’s customer support could be another way of learning your credit limit.
Discover outlines their credit line increase eligibility criteria on their website. It includes:
Meeting these requirements doesn’t mean a credit limit increase is guaranteed, but it improves your chances of approval.
You’ll find four ways to increase your credit limit with Discover.
Before you request a credit line increase, make sure you have the following information: your annual income, employment and occupation, a reason for the request, your monthly credit card spend and mortgage/rent payment.
If you mostly do your banking online, you can easily apply through your personal account:
Alternatively, you can call the bank and request a credit limit increase directly from a customer service representative. Here’s how to do it:
Once approved, your credit line increase will appear immediately. If Discover needs additional information, it may take a few more days.
Discover is known for rewarding active credit card users with automatic credit line increases. To increase your chances of success, make sure to:
If you keep getting denied for a credit line increase, you can always apply for another card. This way you get to choose additional perks, like a signup bonus, rewards program, an intro APR period or no annual fees.
Providers rarely share credit limits, but these cards tend to offer higher lines of credit than others. It’s always a good idea to check with the provider to be sure.
Discover weighs in the following criteria when deciding on your credit line:
Discover is one of the more generous card providers when it comes to credit line increases. Some customers report that they got an automatic credit limit increases every month, which isn’t the case with other credit card providers.
If you’re not happy with your credit limit, call Discover or request an increase via your online account. But you have to be eligible for an increase first. This means you need to actively use your card and pay off your full balance on time.
If requesting a credit line increase seems like a hassle, consider applying for a new credit card as an alternative.
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