Discover It Student Card CLI

Anonymous · ‎10-30-2017

@Anonymous wrote:
Nope, was $50 when secured, is $50 now. I maxed out my secured deposit early on since I knew I would use the card a lot. Maxed and PIF'd frequently during any given month (I have a high income and no real debts or payments to make monthly so Discover got almost all my spend for the first 4-5 months!). Not going to stress it, if it takes a year to start growing, so be it.

Disco seems to like low spending. Weird among issuers, but I got an auto-CLI this month after spending a whopping 4% of my CL.

Anonymous · ‎10-30-2017

Yeah, I've heard that! And honestly, I don't need higher limits anyway because I never run balances and don't need it for padding. The big issue is the $2500 limit means if a $10,000 vacation deal pops up, I have to play all sorts of weird games to get a way to buy it.

Plus because of the first year cashback match, Discover gets most of my spend. After that first year is up, Discover will get whatever the 2% categories are (gas? restaurants?) --not very much since my car is 100% electric and my restaurant spend is close to $0. I can and will use Discover Deals for those rare offers, though.

Once February comes around, my spend will definitely fall to under $100-$200 per month. Maybe less.

BurgeoningHope · ‎10-30-2017

Data point - hubby's card began as a secured card as well, and still has the $50 cash advance limit. It's a ludicrous number, but he/we don't intend to ever use it, so whatever.

He puts some nice spend on it - we do eat out pretty regularly, and he sometimes takes work teams out for lunch/dinner/celebration, so it'd be awfully nice to have more room than we do, given reimbursement takes about a month. But if Disco hates spend, now that he's out of his first year, we could look at other options

Anonymous · ‎10-31-2017

Not that intend to use it, except for the cool cash back option, but my cash advance limit is half my CL which is 5.5K.

mrinal · ‎10-31-2017

@jesseh wrote:
Are you using your card a lot?

yes, I did. But not so much. I am an international student and I expend money when I really need to. Maybe, in the last 12 months, I spent around 15K.

mrinal · ‎10-31-2017

@Anonymous wrote:
Very nice! Disco likes you!

Have you ever gotten a cash advance on your card? I've never used it (or plan to use it) but it's been stuck at $200 since my graduation auto-CLI. Looks like yours has grown substantially.

For the first time, I used 500 dollar as cash advance last month.

mrinal · ‎10-31-2017

@Anonymous wrote:
@Anonymous wrote:

Have you ever gotten a cash advance on your card? I've never used it (or plan to use it) but it's been stuck at $200 since my graduation auto-CLI. Looks like yours has grown substantially.
I can't ever imagine doing a cash advance on a CC and it surprises me that Discover is so obvious about the feature!

My cash advance limit is $50 on a $2500 CL -- I secured it with $2500, it graduated last month but no auto CLI at graduation and they denied me a CLI request 2 weeks from graduation. So I guess they calculate the cash advance limit differently for different people since we both were previously secured.

Yes, I think so. My roommate has a discover card for a long time. His cash advance limit is only 10% of his total credit line. For me it is around 35%. It was my first credit card. I am an international student. When I applied for the card, I had to submit my I-20 and documents of my US bank account. I had around 8K in my account. Also, as proof of income, I submitted the document of Graduate Assistantship of my university. All this helped, I guess.

Anonymous · ‎01-26-2018

OP - Did they ever check your income?

My gf has a Disco Student it Chrome and she's thinking of asking for CLI but she only has income from her parents and is under 21 so she can't claim other income. I wonder if they would ever ask you to send documents in for proof of income for the CLI.

Let me know! Thanks

Anonymous · ‎01-26-2018

wrote:
@Anonymous wrote:
@Anonymous wrote:

Have you ever gotten a cash advance on your card? I've never used it (or plan to use it) but it's been stuck at $200 since my graduation auto-CLI. Looks like yours has grown substantially.
I can't ever imagine doing a cash advance on a CC and it surprises me that Discover is so obvious about the feature!

My cash advance limit is $50 on a $2500 CL -- I secured it with $2500, it graduated last month but no auto CLI at graduation and they denied me a CLI request 2 weeks from graduation. So I guess they calculate the cash advance limit differently for different people since we both were previously secured.
Yes, I think so. My roommate has a discover card for a long time. His cash advance limit is only 10% of his total credit line. For me it is around 35%. It was my first credit card. I am an international student. When I applied for the card, I had to submit my I-20 and documents of my US bank account. I had around 8K in my account. Also, as proof of income, I submitted the document of Graduate Assistantship of my university. All this helped, I guess.

You submitted your i-20? That's weird. And us bank accounts as well? When i applied they asked me only for a copy of my SS card and proof of enrollment to my university(which may served as a proof of income as well due to the type of the document i submitted). My SL was 1500$ as well and cash advance was 800$.

joltdude · ‎01-26-2018

Btw theres a big difference between Cash Advance and Cashover..... Shouldnt use a CA but Cashover.. is a great thing and they dont ding you for using it....

=)

-J