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

Valued Contributor

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

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 Smiley Tongue


Quicksilver WMC $20k | JCPenney Platinum $10k | Drive for Five $800 | Freedom VS $5k | TD Cash VS $5k | CFU VS $14.8k | Blue Sky $13.7k | IT $28k | SavingStar $14.8k | BCE $11.3k | Macy's AMEX $7.2k | BuyPower WEMC $7.5k | CSR VI $13.3k | Diamond Preferred $6.5k FICOS: EX 775 EQ 764 TU 759 VantageScore 3.0: EX 759 EQ 757 TU 762
Message 1 of 14
13 REPLIES
Valued Contributor

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

That's awesome! I sure hope you're right since I will most definitely be carrying a balance for the next year on mine - just did a BT. Congrats to your bf!

Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+
Message 2 of 14
Valued Contributor

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

I guess I need to start carrying a balance!!!

*8/10/13
Message 3 of 14
Super Contributor

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


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 Smiley Tongue



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 Smiley Tongue


I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 4 of 14
Valued Contributor

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


parakleet wrote:
That's awesome! I sure hope you're right since I will most definitely be carrying a balance for the next year on mine - just did a BT. Congrats to your bf!

Thanks! He's excited, and even told me he was "catching up". I laughed at him and showed him my portfolio!

 

Though it would be great for him to get other cards, he's not a big CC person and typically likes to use his debit card, which is just fine. And besides, at this point I don't trust him with another card based on the way he handles this one! o.O Then again, he uses his Discover card similarly to how the average CC holder uses it, so it can't be all that bad. And he's always on time, so I can't complain on that regard!

 

Use that BT to the fullest! GL!


Quicksilver WMC $20k | JCPenney Platinum $10k | Drive for Five $800 | Freedom VS $5k | TD Cash VS $5k | CFU VS $14.8k | Blue Sky $13.7k | IT $28k | SavingStar $14.8k | BCE $11.3k | Macy's AMEX $7.2k | BuyPower WEMC $7.5k | CSR VI $13.3k | Diamond Preferred $6.5k FICOS: EX 775 EQ 764 TU 759 VantageScore 3.0: EX 759 EQ 757 TU 762
Message 5 of 14
Valued Contributor

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


myjourney 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 Smiley Tongue



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 Smiley Tongue


I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers


He's actually planning on paying off completely, or simply a very good chunk, of his Discover card soon Smiley Happy so with the boost in CL and the pay down, I MAY have him consider another card...(aka have him consider cards that I would like Smiley Tongue)

 

Gonna have him look at the Priceline Visa...would love for him to have the Fidelty AMEX, but doubt he's willing to open up another banking account (he just opened up a savings and started making monthly transfers, so I'm doubly proud that he's putting in the effort to save!), Upromise or Sallie Mae card, Citi Dividend, or BCE. Maybe Discover IT but he could always convert his current card one day to it, so that's last of all the considerations.

 

Okay, so that's a lot of options. But they're essentially in order of desire, and of course the boyfriend gets the final decision for it will be his card Smiley Happy


Quicksilver WMC $20k | JCPenney Platinum $10k | Drive for Five $800 | Freedom VS $5k | TD Cash VS $5k | CFU VS $14.8k | Blue Sky $13.7k | IT $28k | SavingStar $14.8k | BCE $11.3k | Macy's AMEX $7.2k | BuyPower WEMC $7.5k | CSR VI $13.3k | Diamond Preferred $6.5k FICOS: EX 775 EQ 764 TU 759 VantageScore 3.0: EX 759 EQ 757 TU 762
Message 6 of 14
Super Contributor

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


daybreakgonesXe wrote:

myjourney 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 Smiley Tongue



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 Smiley Tongue


I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers


He's actually planning on paying off completely, or simply a very good chunk, of his Discover card soon Smiley Happy so with the boost in CL and the pay down, I MAY have him consider another card...(aka have him consider cards that I would like Smiley Tongue)

 

Gonna have him look at the Priceline Visa...would love for him to have the Fidelty AMEX, but doubt he's willing to open up another banking account (he just opened up a savings and started making monthly transfers, so I'm doubly proud that he's putting in the effort to save!), Upromise or Sallie Mae card, Citi Dividend, or BCE. Maybe Discover IT but he could always convert his current card one day to it, so that's last of all the considerations.

 

Okay, so that's a lot of options. But they're essentially in order of desire, and of course the boyfriend gets the final decision for it will be his card Smiley Happy


Sure...... the suggestive powers of a woman Lol

 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 7 of 14
Valued Contributor

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


myjourney wrote:

daybreakgonesXe wrote:

myjourney 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 Smiley Tongue



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 Smiley Tongue


I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers


He's actually planning on paying off completely, or simply a very good chunk, of his Discover card soon Smiley Happy so with the boost in CL and the pay down, I MAY have him consider another card...(aka have him consider cards that I would like Smiley Tongue)

 

Gonna have him look at the Priceline Visa...would love for him to have the Fidelty AMEX, but doubt he's willing to open up another banking account (he just opened up a savings and started making monthly transfers, so I'm doubly proud that he's putting in the effort to save!), Upromise or Sallie Mae card, Citi Dividend, or BCE. Maybe Discover IT but he could always convert his current card one day to it, so that's last of all the considerations.

 

Okay, so that's a lot of options. But they're essentially in order of desire, and of course the boyfriend gets the final decision for it will be his card Smiley Happy


Sure...... the suggestive powers of a woman Lol

 


Ahahaha! Can't help it! But hey, a good portion of his spending is on me, so why not help him earn the maximum rewards in the meantime? XD


Quicksilver WMC $20k | JCPenney Platinum $10k | Drive for Five $800 | Freedom VS $5k | TD Cash VS $5k | CFU VS $14.8k | Blue Sky $13.7k | IT $28k | SavingStar $14.8k | BCE $11.3k | Macy's AMEX $7.2k | BuyPower WEMC $7.5k | CSR VI $13.3k | Diamond Preferred $6.5k FICOS: EX 775 EQ 764 TU 759 VantageScore 3.0: EX 759 EQ 757 TU 762
Message 8 of 14
Valued Contributor

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

congrats, and yes, same on my chase freedom. second auto cli i was carrying a balance of 50% util for the first time. 0% interest anyways so why not . 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 9 of 14
Valued Contributor

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


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 Smiley Tongue


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...Smiley Wink

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Message 10 of 14