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Discover it credit card limits can be as low as $200 or $500, depending on the card. The available Discover it cards include offers for people with good and bad credit alike. Each has a specified minimum credit limit. So, you’re guaranteed of getting at least that much spending power if approved for an account. But there’s no way to determine whether you’ll qualify for a higher limit prior to submitting an application. Some Discover offers listed on this page are not currently available on WalletHub and may be out of date.
Here are the minimum Discover it credit card limits:
- Discover it® Cash Back: $500
- Discover it® Miles: $500
- Discover it® Chrome: $500
- NHL® Discover it®: $500 (this offer is not currently available on WalletHub and may be out of date)
- Discover it® Student Cash Back: $500
- Discover it® Student Chrome: $500
- Discover it® Secured Credit Card: $200
Those are just starting points, however. If Discover determines that you’re a responsible borrower with enough income to support a higher limit, you may just get one. And they’ll make that determination by considering a fairly short list of key financial indicators. Your credit limit will ultimately be decided based on several things, like your credit history income and existing debt obligations. In other words, they’ll grand you as much spending power as they think you can handle responsibly. You can find out more by reading WalletHub’s article on how credit limits are determined.
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People also ask
What is the starting Discover it Cash Back credit limit?
The Discover it® Cash Back credit limit is at least $500 for all cardholders. It has the potential to be higher, too. Discover does not disclose a maximum credit limit, but there are reports of some cardholders receiving credit limits between $2,000 and $11,000.
As with all credit cards, an applicant will need to exceed the Discover it Cash Back card’s approval requirements in order to get a credit limit above the minimum. Credit limits are based on much of...
read full answer by George Cook, MemberWhat is the Discover student credit card limit?
The credit limit for a Discover student credit card is $500 at a minimum. Your initial credit limit is based on factors such as your credit report, income, and debt, and some people have reported receiving limits of $2,000 to $3,000 on student credit cards from Discover. Discover may also increase your credit limit if you consistently pay your bill on time.
Discover Student Credit Card Limit Info
- You are guaranteed a...
What will my Discover it Secured credit limit be?
Your credit limit for the Discover it® Secured Credit Card will be $200 to $2,500, depending on the amount that you deposit. The Discover it Secured Credit Card's credit limit is tied directly to the deposit amount, as with most other secured cards.
That's why secured cards are easier to get: there's almost no risk to the lender itself, because they have your deposited money as collateral.
read full answer by Scott Meister, MemberDid we answer your question?
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