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Here’s how credit limits work, how credit card issuers calculate credit limits and what you can do to increase your credit card limit quickly. What is a credit card limit?
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When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit. A subsequent innovation was "Cashback Bonus" on purchases. [1] Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. Discover transactions are processed through the Discover Network payment network.
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