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Valued Contributor
daybreakgonesXe
Posts: 1,747
Registered: ‎11-17-2012

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!


indiolatino61 wrote:

daybreakgonesXe wrote:

So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

 

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

 

Discover sure likes people who revolve balances :smileytongue:


That's great...but I would not advocate carrying balances on a card if it is not necessary, or just in the off chance that they will give you a CLI. I never carry any balances, so if that means I will not get a CLI, then so be it. I will of course request one...:smileywink:


Trust me, that's my theory, too :smileytongue: my boyfriend isn't as credit savvy as much as I try to teach him...

 

And i'm certainly not advocating carrying a balance at all, unless under a 0% intro period on purchases/BT...merely stating an interesting observation :smileyhappy:

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k

EQ FICO 709 TU FICO 746 Credit Karma (TU) 780 Transrisk 821/990 Credit Sesame (EX) 762 Credit.com (EX) 763 VantageScore 3.0 733
Senior Contributor
youngandcreditwrthy
Posts: 6,154
Registered: ‎08-16-2012

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

Interesting! Ive been carrying a bal on my IT(0% for 15 mos on bts and purchases-IT was a Motiva!)
Went from 4000-4750 at 6 months.

Get him to get BCE; it's a boooomb card!
And looks like you got 'im in checkhahha😳👍👍😄😏

Good luck!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
daybreakgonesXe
Posts: 1,747
Registered: ‎11-17-2012

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!


youngandcreditwrthy wrote:
Interesting! Ive been carrying a bal on my IT(0% for 15 mos on bts and purchases-IT was a Motiva!)
Went from 4000-4750 at 6 months.

Get him to get BCE; it's a boooomb card!
And looks like you got 'im in checkhahha😳👍👍😄😏

Good luck!

HAHA! Well, in some respects I have him in check! And other instances, he has me in check :smileytongue:

 

So overall it balances out to an even relationship :smileyhappy: there's some things I'm great a balancing, and others he's simply better at. Not to mention I'm a complete left brain and he's a complete right brain!

 

I honestly can't wait to see his score boost from paying down that card and a few of his loans!!

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k

EQ FICO 709 TU FICO 746 Credit Karma (TU) 780 Transrisk 821/990 Credit Sesame (EX) 762 Credit.com (EX) 763 VantageScore 3.0 733
Senior Contributor
youngandcreditwrthy
Posts: 6,154
Registered: ‎08-16-2012

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

Ah, dat's cute 😄

I'm always the more finance savvy one when I'm dating. LOL
It's a good date when you both whip out the same credit card imo! Haha :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k

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