topic Re: How to get aCLI by Discover? in Credit Cards

How to get aCLI by Discover?

velocity — Thu, 19 Nov 2009 02:57:29 GMT

I just got declined for a CLI by Discover, I paid in full every month, with a 0 balance... can anyone give me suggestions? I know it was just a soft pull, but will it hurt my fico score?

Any help would be appreciated!

Message Edited by velocity on 11-18-2009 06:57 PM

Re: How to get aCLI by Discover?

creditwherecreditisdue — Thu, 19 Nov 2009 05:03:42 GMT

velocity wrote:
I just got declined for a CLI by Discover, I paid in full every month, with a 0 balance... can anyone give me suggestions? I know it was just a soft pull, but will it hurt my fico score?

Any help would be appreciated!

If it was a soft pull it will have no impact on your FICO score. Discover will not pull a hard without informing you beforehand and they could have processed your request based on the information in their files. Generally, if you don't have a CLI option available through the telephone menus your not going to get one.

Re: How to get aCLI by Discover?

velocity — Thu, 19 Nov 2009 12:02:31 GMT

Hi there, thanks for the info, I have read many good news of the CLI increase for Discover customers, but it's very sad that I'm not one of them. I have my account for about one and a half year, but they never offer auto CLI. Just wonder if it is the cause of not having them to earn

1 cent of interest in the past? Should I not paying off my balance each month? My family member has a Discover card too, he recently have a balance of $5000 and they auto cli to $13000.

Re: How to get aCLI by Discover?

txjohn — Thu, 19 Nov 2009 13:01:44 GMT

Without more info on the age of your Discover, the CL, other content on your CR, number of new accounts/inquires, derogs, AAoA and what you stated as income with Discover, it is hard to estimate possible explanations. Did you recon? Did you get an explanation for the decline?

Re: How to get aCLI by Discover?

DI — Thu, 19 Nov 2009 13:52:59 GMT

Discover gives auto increases every 3 months during the first year of opening the card.

Message Edited by DI on 11-19-2009 07:52 AM

Re: How to get aCLI by Discover?

creditwherecreditisdue — Thu, 19 Nov 2009 14:07:03 GMT

DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.

This is not consistent with most Discover cardholders recent experience. Discover rarely gives auto-CLI's, but does present a "Request CLI" option in the telephone menus (Option 5-2) when it is an appropriate time to request a CLI. This normally not occur until 6 months to one year after the account was opened. There have been other, lengthy threads presented here detailing the use of the telephone menu option, which is semi-auto and very easy. The few recent fully auto CLI's Discover has offered are a little bit out of the norm. Also, requesting too many CLI's from Discover in too short a period of time may result in denial, a hard INQ and/or an annotated account.

Re: How to get aCLI by Discover?

DI — Thu, 19 Nov 2009 14:15:23 GMT

creditwherecreditisdue wrote:
DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.
This is not consistent with most Discover cardholders recent experience. Discover rarely gives auto-CLI's, but does present a "Request CLI" option in the telephone menus (Option 5-2) when it is an appropriate time to request a CLI. This normally not occur until 6 months to one year after the account was opened. There have been other, lengthy threads presented here detailing the use of the telephone menu option, which is semi-auto and very easy. The few recent fully auto CLI's Discover has offered are a little bit out of the norm. Also, requesting too many CLI's from Discover in too short a period of time may result in denial, a hard INQ and/or an annotated account.

I opened my card July '09. In the welcome mail I received from Discover, they indicated they will increase the line of credit every three months during the first year. After the first year, so that the card can grow with you, they will increase the limit once per year. I never got the phone option. It was an auto increase. I was adivised I will get another CLI within the coming months if I continue to use the card. Don't forget I'm a Prime cardholder. :smileywink:

Message Edited by DI on 11-19-2009 08:14 AM

Message Edited by DI on 11-19-2009 08:15 AM

Re: How to get aCLI by Discover?

LilMirth — Thu, 19 Nov 2009 14:37:21 GMT

Hi velocity! :)

How frequently are you using your card, and how much of your (current) limit do you typically use and PIF? Are you carrying balances on any other cards?

Re: How to get aCLI by Discover?

velocity — Fri, 20 Nov 2009 04:27:41 GMT

Hi all, I did have an option in the phone menus for CLI, but I'm so stupid, I choose to talk to the rep. My Discover more has been opened for a year and a half, with $8000 CL. I was asking a $2000 increase, with the reason of purchasing some office supplies. Unfortunately, I got denied. I was told that I will receive an explanation in the mail in about 10 days. I don't use my card often, probably once every 2-3 months and never carry a balance in any of my cards. I have an Amex with a $1500 CLI but I'm scar to use this carrd, my fico dropped about 30 when I spent $500 last time. In addition, there are too many scary stories about cutting the limits and closing the accounts, I have to put the Amex aside. So for Discover, I was thinking if they will only do CLI if the account carry balance? I really don't know how to play the CC game.

Re: How to get aCLI by Discover?

O6 — Fri, 20 Nov 2009 05:36:38 GMT

creditwherecreditisdue wrote:
DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.
This is not consistent with most Discover cardholders recent experience. Discover rarely gives auto-CLI's, but does present a "Request CLI" option in the telephone menus (Option 5-2) when it is an appropriate time to request a CLI. This normally not occur until 6 months to one year after the account was opened. There have been other, lengthy threads presented here detailing the use of the telephone menu option, which is semi-auto and very easy. The few recent fully auto CLI's Discover has offered are a little bit out of the norm. Also, requesting too many CLI's from Discover in too short a period of time may result in denial, a hard INQ and/or an annotated account.

Gotta agree. Never seen an automatic CLI every three months. I'm sure it can happen, but it is not a hard and fast rule.

I had my account for about 14 months without a CLI and then one day while checking my credit reports I saw they raised my limit from $3.5k to $15k. Astonished? You bet! I called to ask if they might not have made a mistake and the CSR told me, "We don't make mistakes."

Re: How to get aCLI by Discover?

creditwherecreditisdue — Fri, 20 Nov 2009 05:51:39 GMT

And generally they don't. They tend not to arbitrarily increase or decrease CL's.

Re: How to get aCLI by Discover?

thrasher865 — Fri, 20 Nov 2009 06:39:06 GMT

O6 wrote:
creditwherecreditisdue wrote:
DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.
This is not consistent with most Discover cardholders recent experience. Discover rarely gives auto-CLI's, but does present a "Request CLI" option in the telephone menus (Option 5-2) when it is an appropriate time to request a CLI. This normally not occur until 6 months to one year after the account was opened. There have been other, lengthy threads presented here detailing the use of the telephone menu option, which is semi-auto and very easy. The few recent fully auto CLI's Discover has offered are a little bit out of the norm. Also, requesting too many CLI's from Discover in too short a period of time may result in denial, a hard INQ and/or an annotated account.

Gotta agree. Never seen an automatic CLI every three months. I'm sure it can happen, but it is not a hard and fast rule.

I had my account for about 14 months without a CLI and then one day while checking my credit reports I saw they raised my limit from $3.5k to $15k. Astonished? You bet! I called to ask if they might not have made a mistake and the CSR told me, "We don't make mistakes."

Hmmm..... ARE YOU INSANE? lol. j/k, but really. I would take my card into the bushes and hide.

Re: How to get aCLI by Discover?

O6 — Fri, 20 Nov 2009 07:50:49 GMT

thrasher865 wrote:
O6 wrote:
creditwherecreditisdue wrote:
DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.
This is not consistent with most Discover cardholders recent experience. Discover rarely gives auto-CLI's, but does present a "Request CLI" option in the telephone menus (Option 5-2) when it is an appropriate time to request a CLI. This normally not occur until 6 months to one year after the account was opened. There have been other, lengthy threads presented here detailing the use of the telephone menu option, which is semi-auto and very easy. The few recent fully auto CLI's Discover has offered are a little bit out of the norm. Also, requesting too many CLI's from Discover in too short a period of time may result in denial, a hard INQ and/or an annotated account.

Gotta agree. Never seen an automatic CLI every three months. I'm sure it can happen, but it is not a hard and fast rule.

I had my account for about 14 months without a CLI and then one day while checking my credit reports I saw they raised my limit from $3.5k to $15k. Astonished? You bet! I called to ask if they might not have made a mistake and the CSR told me, "We don't make mistakes."
Hmmm..... ARE YOU INSANE? lol. j/k, but really. I would take my card into the bushes and hide.

I tend to agree with CWCD in that, IMO, Discover is a Grade A lender.

Yes, I did think twice before calling to ask, but then I figured that I'd rather know the truth instead of depending on a CL that could evaporate in an instant should they have really screwed up.

Re: How to get aCLI by Discover?

txjohn — Fri, 20 Nov 2009 12:33:34 GMT

DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.
Message Edited by DI on 11-19-2009 07:52 AM

Wow, DI....Discover loves you more than most. I was told from the get-go by CSR's that they don't do CLI before 6 months. Then I had to request (tele-auto method) and they gave me $2000 CLI.

The option of CLI remained available, so a month later I tried again and asked for another $1000.....denied.

So, I think that most people have to wait at least 6 months and then request via the auto phone method....and very few get auto-cli without request.

Count yourself lucky! BTW: What was your initial CL and what were your 3, 6, 9 and 12 month CLI's?

Re: How to get aCLI by Discover?

creditwherecreditisdue — Fri, 20 Nov 2009 15:16:22 GMT

I still have the tele-option ever since my JUL09 CLI but I won't bother touching it until about FEB10. There is no reason to request a CLI when it is not likely to be successful and I firmly believe that Discover does not want to grant CLI's more than once every six months.

Re: How to get aCLI by Discover?

DI — Fri, 20 Nov 2009 15:25:10 GMT

I posted this back in JULY.

Q. Why isn't my credit limit higher?

A. These are challenging times. Consumers and credit card companies alike are taking a look at spending, credit limits and how we manage our finances. Consumers know they must be responsible spenders, just as financial institutions know they must be responsible lenders.

Because you've been approved as a Discover Cardmember, we know you have a good credit history. We want to make sure you enjoy all the great benefits you're entitled to, including potential to raise your credit limit. We will evaluate your Discover Card account every three months during the first year and periodically thereafter. Then, based on your overall credit behavior and Discover Card usage, we may increase your credit line.

Discover Card and you...growing together

Re: How to get aCLI by Discover?

DI — Fri, 20 Nov 2009 15:29:58 GMT

txjohn wrote:
DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.
Message Edited by DI on 11-19-2009 07:52 AM

Wow, DI....Discover loves you more than most. I was told from the get-go by CSR's that they don't do CLI before 6 months. Then I had to request (tele-auto method) and they gave me $2000 CLI.

The option of CLI remained available, so a month later I tried again and asked for another $1000.....denied.

So, I think that most people have to wait at least 6 months and then request via the auto phone method....and very few get auto-cli without request.

Count yourself lucky! BTW: What was your initial CL and what were your 3, 6, 9 and 12 month CLI's?

:)

I opened the card July 2009 with an initial limit of $2500. October I received a $900 CLI.

Message Edited by DI on 11-20-2009 09:29 AM

Re: How to get aCLI by Discover?

creditwherecreditisdue — Fri, 20 Nov 2009 15:32:32 GMT

Sounds like they were apologizing for not granting you a higher CL to begin with. They have you in a special program that txjohn and I are not in. Of course we got higher CL's to begin with and higher CLI's when we got them. You received a letter informing you, specifically, of how your CLI's were going to be handled. I would not extrapolate your terms to other's accounts. In general that's not the way it works.

Re: How to get aCLI by Discover?

txjohn — Fri, 20 Nov 2009 15:39:48 GMT

DI wrote:
txjohn wrote:
DI wrote:
Discover gives auto increases every 3 months during the first year of opening the card.
Message Edited by DI on 11-19-2009 07:52 AM

Wow, DI....Discover loves you more than most. I was told from the get-go by CSR's that they don't do CLI before 6 months. Then I had to request (tele-auto method) and they gave me $2000 CLI.

The option of CLI remained available, so a month later I tried again and asked for another $1000.....denied.

So, I think that most people have to wait at least 6 months and then request via the auto phone method....and very few get auto-cli without request.

Count yourself lucky! BTW: What was your initial CL and what were your 3, 6, 9 and 12 month CLI's?

:)

I opened the card July 2009 with an initial limit of $2500. October I received a $900 CLI.
Message Edited by DI on 11-20-2009 09:29 AM

Interesting. Hmmmm. I did not get the auto cli at 3 months or 6 months. But they approved my request at 6 months. I wonder why I did not get an auto-cli if they truly review if they were willing to give me one upon request for $2k?

I guess the thesis is: Discover will review every 3 months, but only accept a customer request every 6. They may elect to give an auto CLI at these internal review increments, but their failure to provide an auto-CLI does not mean they won't approve a request.

Re: How to get aCLI by Discover?

DI — Fri, 20 Nov 2009 15:41:19 GMT

creditwherecreditisdue wrote:
Sounds like they were apologizing for not granting you a higher CL to begin with. They have you in a special program that txjohn and I are not in. Of course we got higher CL's to begin with and higher CLI's when we got them. You received a letter informing you, specifically, of how your CLI's were going to be handled. I would not extrapolate your terms to other's accounts. In general that's not the way it works.

That was a generic letter that was sent with the welcome package to all new cardholders. I am on no special program. A special program with Discover is non-existent.