Asking for CLI

[savmeformyse]

I just got approved for a discover student card with a limit of 500 does anyone think I should ask for a CLI I have not even receive the card yet. I need the increase in order to  purchase books for school.

[khw]

I would love to know what everyone thinks about this too, I also just got approved for one and was thinking about asking for a cli so I can do a balance transfer

[tengtengvn]

If it's a reward card, use it then pay it off after the transaction is posted.

[savmeformyse]

Bump

Does anyone approve of this or think it is a great idea to ask  for a increase before you get the card?

[fused]

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@savmeformyse wrote:

Bump

Does anyone approve of this or think it is a great idea to ask  for a increase before you get the card?

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Do you have cash to buy your textbooks?

[Jazzzy]

Discover customer service is good...just call them and ask about the possibilities of an immediate CLI. They won't pull your card just because you ask about buying textbooks.

And congratulations on your new card!

[savmeformyse]

Thanks I thought maybe I would seem to needy and they would reject me.

[OptimalFICO]

It's perfectly reasonable to call Discover and ask if they could re-review your application to see if you qualify for a higher credit limit. My boyfriend was approved for a VISA at $2,500 and upon our request, they called the underwriter to see if it could be increased and we got an additional $500 for a total CL of $3,000.

Might be better to use Discover's backdoor number...

Discover: 888-676-3695 (Recon)

Discover: 800-347-2911 (Retention Dept.)

If you have the cash, however, you may want to send in a payment which would result in a credit balance on the account. Then you can charge whatever amount is applicable in books. But sounds like as a student you may not have the money up front to do this. Just note if you are concerned about your FICO score and future CLs, it's not good to max out the card. In fact, you should try to keep it below 35% (the lower the better). But you gotta do what you gotta do. When you bring your utilization down, your FICO score will go back up.

Good luck!

[savmeformyse]

I am spending all my cash on tuition so I want have to much student loans. For me it is easy to pay off a credit card because its there in my face everyday but loans I know I have until I graduate to pay those back.