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 $10,000 and $20,000.
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 the same information that account approval itself is. Most notably, that includes the applicant’s credit score and their income vs. their monthly expenses.
Discover it Cash Back’s credit limit minimum is identical that that of all other Discover it credit cards, with the exception of the Discover it Secured card, where the limit must be set by a security deposit as low as $200. In addition, the Cash Back card’s $500 limit is comparable to the limits on similar rewards credit cards for good credit, such as Chase Freedom Unlimited.
Keep in mind that your initial Discover it Cash Back credit limit is not necessarily your credit limit forever. You have the opportunity to ask for credit limit increases. You can ask for a credit limit increase through your online account or by calling Discover at 1 (800) 347-2683. It’s best to wait until you have at least six months of consecutive on-time payments before asking for an increase. Your credit score should also be better than when you initially got the card. Discover may also offer you an automatic credit limit increase during their periodic review of your account, but there’s no guarantee you’ll receive one.
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