DISCOVER FINANCIAL Denial of Credit Limit Increases Riverwoods Illinois
They contunally year after year deny credit limit increases depsite on time payments and no late payments and total responsible useage. They continue to supply a bogus reason for denials and I feel that they do this deliberately due to other factors such as discrimination and credit profiling. This company has to be known for it's ill credit practices it demonstrates to good credit paying people. They should be ashame!
2 Updates & Rebuttals
coast
United StatesWell, yea
#3Consumer Comment
Sat, November 19, 2022
Yes, it's about your credit profile. It's about all of your credit accounts, current and past; not just your Discover account.
Flint
Rolla,Missouri,
United States
Credit limits
#3Consumer Suggestion
Sat, November 19, 2022
The fact that you are obviously desperate for a credit limit increase is the exact reason they don't want to give you one. It's not just about your payment history, but also your credit utilization and debt to income ratio.
If anything, you should thank them, because they are doing you a favor. Believe it or not, taking on more credit card debt is not some kind of privilege. I'm guessing you are not exactly wealthy, and taking on more debt will only make you poorer.
If you can't afford to pay off your credit card every month, you shouldn't have a credit card. That's the bottom line. Credit cards are not good for your financial health.