Discover card average credit limit

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Discover it® Card: Credit Limit, Benefits & Pre-Qualify …

https://www.cardrates.com/advice/discover-card-credit-limit-benefits-pre-qualify-online/

In general, the average Discover it® cardholder received an initial limit of around $3,000, with higher limits going to those with exceptional credit and/or particularly high incomes.

Discover it Cash Back Credit Limit: Starting Limit & More

https://wallethub.com/answers/cc/discover-it-cash-back-credit-limit-2140666940/

Average credit card limits: The average credit card limit is $30,365, according to the Experian report, released in 2020. And according to TransUnion records (released in 2021), the average credit limit for new accounts is $3,853. But there is no exact data on the average credit card limit for people that have limited credit history.

FAQ discover card average credit limit

What is the credit limit for a discover it card?

The minimum credit limit a Discover it® cardholder will receive is $300, and no cardholders reported a Discover it® credit limit above $20,000 (though we’ve personally heard otherwise, with one cardholder reporting a credit limit of $25,500). The typical new Discover it® cardholder received a credit limit around $3,000.

What is a credit card limit?

If your application for a credit card is approved, one of the first pieces of information you’ll receive is your credit card limit, which is the maximum amount of money you can charge. You may be asking yourself, “What is a good credit limit?”

How many people have a Discover Card?

Today, Discover is one of the world’s largest credit card issuers, and over 38 million people carry Discover cards worldwide. The issuer’s popular Discover it® line of credit cards has an option for just about any occasion, providing accessible credit to a wide range of consumers.

What are the benefits of a Discover credit card?

No matter which Discover credit card you choose, you can expect a few general benefits. This includes the cash back and balance transfer cards, as well as the secured card option designed for credit-building consumers and the student cards for first-time cardholders.

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