Sandra Hardy, Member
@sandrahardy_1
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 credit limit of at least $500 on each Discover it Student card.
- Discover will periodically review your account and may offer a credit limit increase if you’ve been consistently paying on time.
- You can request a credit limit increase online, or by calling customer service at 1 (800) 347-2683. You should wait until you’ve paid at least six straight monthly bills on time.
The Discover it Student Chrome and the Discover it Student Cash Back cards are among the best in their class. They have a $0 annual fee, and you’ll get matching cash back at the end of the first year.
Where the cards differ is in their ongoing rewards on purchases. Discover it Student Chrome gives 2% cash back at gas stations and restaurants (up to $1,000 spent each quarter combined), and 1% back on all other purchases. Discover it Student Cash Back gives 5% cash back on up to $1,500 in combined category spending per quarter in rotating bonus categories (which change every quarter and require activation), and 1% back on all other purchases. Both of these cards are good options and give you a respectable $500+ credit limit.
If you decide to keep your Discover student credit card after you graduate from school, it will be converted to the non-student version of Discover it® Chrome or Discover it® Cash Back. You’ll keep the same card with your existing credit limit and all the accompanying features and rewards. Once Discover receives your updated income information, you may be eligible for a credit limit increase.
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People also ask
How can I get a Discover it Cash Back credit limit increase?
The easiest way you can get a Discover it Cash Back credit limit increase is by requesting it online, from your account on Discover’s website. Alternatively, you can call customer service at (800) 347-2683 and talk to a credit card expert.
Discover is also known for granting credit limit increases proactively. Discover will take a basic look at your credit and payment history. If they like that they see, they may choose to increase your credit limit.
... read full answer by Ricardo Dooley, MemberHow do you get approved for a high-limit credit card?
To get approved for a high-limit credit card, you will need good to excellent credit, a high income, and relatively little debt. Your credit limit will be determined based on the card you choose, along with factors such as your income, assets, and existing debt obligations.
How to Get Approved for a High-Limit Credit Card
1. Improve your credit score.
High-limit credit cards typically require good or excellent credit. Before you apply for such...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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