Does anyone know what is the maximum number of Discover cards one can have? I already have Discover More card and Discover Open Road card. Do you think Discover will approve for Discover Miles card if I apply for it assuming my credit score is high?

baobao73 said:Does anyone know what is the maximum number of Discover cards one can have? I already have Discover More card and Discover Open Road card. Do you think Discover will approve for Discover Miles card if I apply for it assuming my credit score is high?

I have 3.

discover miles business
discover miles personal
discover (not sure what it is).

baobao73 said:Does anyone know what is the maximum number of Discover cards one can have? I already have Discover More card and Discover Open Road card. Do you think Discover will approve for Discover Miles card if I apply for it assuming my credit score is high?

From my AOR, Discover was the most fickle. I got another personal card after deferring it because they said "you don't ues your current card why do you want another?"

dmlavigne1 said:Ders said:jackcrawfish said:Oops. I missed a payment to Citi due to the Memorial weekend holiday (ok - I'm lying to myself - it was due to not following conservative FWF advice). The due date was 5/27/2008.

I wrote C/S asking for goodwill and they obliged.Will that show up on your credit report as a 30 day late?No, its not 30 days late just a couple of days.Not sure whether your comment was tongue in cheek or genuine but Ders was referring to contractual delinquent (i.e., 30+ days since last payment).

Love said:I recently received a letter from Chase on 2 of my account saying that after careful consideration, they have decreased my credit line for:

- Balance owed on revolving accounts too high
- Too little available credit on accountsMaybe post in this thread. Was any card over 89%? You could call them and offer to fax bank statements as proof of assets and ability to pay.

TyroneSchulace said:Love said:I recently received a letter from Chase on 2 of my account saying that after careful consideration, they have decreased my credit line for:

- Balance owed on revolving accounts too high
- Too little available credit on accountsMaybe post in this thread. Was any card over 89%? You could call them and offer to fax bank statements as proof of assets and ability to pay.

Kind of related here.

I did an AOR late last year. About 6 months later I received a letter from Washington Mutual saying I had too much outstanding and/or using too much of my credit line. I don't remember exactly, but they lowered my limit from $3500 to $250. This didn't affect me any because I wasn't even using the card because of the lower line to begin with and never had any balance with them.

I have/had about $140k balances between biz and personal. under 49% personal and under %89 business.

I wasn't using Chase card with 6.5K linit for more than 100-200$.

I stopped using my all other (4) non-AOR cards for large purchases. I started using other cahse card with 21K, for everything as it has 1% Cash Back + 0% APR on purchses for 1 yr. I have about 11.5K outstanding on that card. I have been making all min payments.

Well, I will have to make little higher payments on this card and keep using it. Anyway to get my Cl increase?

Thanks

casino187 said:TyroneSchulace said:Love said:I recently received a letter from Chase on 2 of my account saying that after careful consideration, they have decreased my credit line for:

- Balance owed on revolving accounts too high
- Too little available credit on accountsMaybe post in this thread. Was any card over 89%? You could call them and offer to fax bank statements as proof of assets and ability to pay.

Kind of related here.

I did an AOR late last year. About 6 months later I received a letter from Washington Mutual saying I had too much outstanding and/or using too much of my credit line. I don't remember exactly, but they lowered my limit from $3500 to $250. This didn't affect me any because I wasn't even using the card because of the lower line to begin with and never had any balance with them.

I have/had about $140k balances between biz and personal. under 49% personal and under %89 business.

Thanks. I will start paying 1.5x of min payment from now. 2 of my 10 cards will be paid of by the end of next month as they were only in for 6 mon.

That will bring down my overall utilization as one of them has credit limit of 18K and I am using 15K out of it and other has limit of 8K and I am using 6K out of it. So I will be paying of almost 20K by next month end.

I think I better contact chase after few days requesting credit line restore.

sonnysighedup said:Love said:Anything I can do? I have been following and reading AOR threads. I am surprised how this happen to me?

Any suggestions?
Love, if you really have been "following and reading AOR threads", then you should not have been surprised that Chase cut your lines. 10 out of 14 cards with balance, all 10 over 70% utilized, overall utilization over 60%, on top of going from 4 to 14 lines very quickly.

With Chase, you could call and tell them that all these balances are in the bank and that you can pay them off at any time. If you get someone nice, they might (partially) restore your lines, particularly if they notice that you're actually putting a lot of charges on the one Chase card.

In general, you should consider paying down some balances to less than 50% utilized, at least getting your overall utilization below 50%. You might also consider paying more than the minimum. I suggest 2x the min, but many will say less, and a few will say more. If you don't pay down balances and/or pay more than the minimum, you shouldn't be "surprised" if other issuers follow Chase's lead.

dbreaker said:For those of you that do large AOR of 30+ credit cards, what do you do with those cards after your BT period is over? Do you keep those lines open and don't use them? If so, how is it that a lot of you are able to do an AOR every 6 months are so? When the CC companies pull your credit report, wouldn't they be scared off from your 30+ open accounts from the previous AOR? If someone could provide some insight to this, I would really appreciate it. Thanks!Excellent question. See Dave's rolling AOR thread.

Go to the "Manage My Account" tab -> "Maintenance Requests" -> "Credit Balance Refund".