After 4 Years... A Discover CLI!

[Juan123]

So i was calling to get the card cancelled, after 4 years of a meesly $500 limit i was tired of it.

I First called a month ago, The lady on the phone said she would send a email to corporate to have the limit increased and i said ok, she told me it would take upto 30days for it to get processed.

So i waited.... Nothing.

I called again yesterday and told the new CSR what happened last month and why i wanted to cancel it, she said before i do that lets try to increase the limit (for the 21389032nd time) But this time it actually worked!!!

went from $500 to $1250, not much but better then $500 i had for 4 friggin years! maybe they wont stay in the SD forever.

[webhopper]

Do you always PIF? Discover looves you to revolve a balance. They always CLI me after I revolve a large balance then PIF.

[aussiesareforever]

Congrats!

I debated between applying for a Discover and the Barclay. After reading this, I'm glad I waited a tad to apply for Discover

[jefftca925]

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@webhopper wrote:
Do you always PIF? Discover looves you to revolve a balance. They always CLI me after I revolve a large balance then PIF.

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Any bank would love someone to revolve a balance (except Amex) so they can make $$ on their ridiculous interest rates.  There are banks and CUs out there that do not require their customers to pay finance charges in order to increase a credit line.  IMO that is NOT being financially responsible and could get someone into real trouble.  If that was a requirement for a CLI then that card would meet my shredder. 

[Anonymous]

What about Chase? Is chase the same? I was thinking. These companies cannot like losing money all the time when we pay in full. So, I am going to at least keep my balance revolving for three months at a time, making more than the minimum payment and then paying in full the third month. That way, the bank gets some interest out of me (not too much) and sees my responsible pay off in a relatively short amount of time.

I hope that's a good method because then it's a win-win for everyone. Hopefully, Chase will feel the need to give me upgrades and CLIs in the future. Same with all my other cards...

[jefftca925]

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@Anonymous wrote:

What about Chase? Is chase the same? I was thinking. These companies cannot like losing money all the time when we pay in full. So, I am going to at least keep my balance revolving for three months at a time, making more than the minimum payment and then paying in full the third month. That way, the bank gets some interest out of me (not too much) and sees my responsible pay off in a relatively short amount of time.

I hope that's a good method because then it's a win-win for everyone. Hopefully, Chase will feel the need to give me upgrades and CLIs in the future. Same with all my other cards...

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From what I've read on a variety of forums is that Chase does not like American Express.  They compete on MANY levels for customers by offering very similar products.  One thing that might help you to get a CLI from them is having an AmEx revolver on your CBR.  Especially if it has a higher limit than your Chase card.  I haven't tried it yet myself as I haven't app'd for a Chase CLI or a new card in a while.  But it seems to be common for other folks.  Just food for thought...

[LS2982]

I agree with jeff, I'm not revolving balances just to get CLI's!

[Anonymous]

But if you pay it off, that still boosts your score, right?

[Creditaddict]

What do your other Credit Lines look like?

[Anonymous]

I have a $0.00 balance on all my other cards. I pay my mom's monthly utility bills on the Wells Fargo card, which she pays me back in full before the statement closes, and I in turn pay my WF bill. I have that arrangement with my mom to build credit and take advantage of the "bill pay" rewards that the card offers.

My balance on my Southwest Card is $3609.77.  I am paying $900.00 on the bill in May, and in June, I planned to pay the remaining balance down completely.