Reply
Regular Contributor
RayRocks
Posts: 156
Registered: ‎03-21-2011
0

Discover More!

Wow - applied online, got the "further review" page...

 

Checked the page for 3 days and called today.

 

Approved for $1500.00. Kind of a kick in the stomach but I am at 49% utilization right now accross the board.

 

So, I will live with it.

 

Any tips on how to get that line increased as quickly as possible? I plan to PIF each month.

 

Thanks!  Ray

Current Goals:

830 FICO / ** GARDEN ** / Pay off one remaing card.

** Every Card Has a Job and Every Card Does Its Job **
Super Contributor
DI
Posts: 5,744
Registered: ‎01-28-2008
0

Re: Discover More!


RayRocks wrote:

Wow - applied online, got the "further review" page...

 

Checked the page for 3 days and called today.

 

Approved for $1500.00. Kind of a kick in the stomach but I am at 49% utilization right now accross the board.

 

So, I will live with it.

 

Any tips on how to get that line increased as quickly as possible? I plan to PIF each month.

 

Thanks!  Ray


Congrats!  Discover does account reviews every three months for CLIs during the first year of opening an account.  Until you get your utilization down significantly, your line may remain  at $1500. 

Valued Contributor
thrasher865
Posts: 1,157
Registered: ‎05-21-2008
0

Re: Discover More!

Spend as much as you can and PIF, or don't PIF, doesn't really matter IME.  But, I do think your overall util is hurting you.  When it comes down, your CL will go up.

 

I probably run almost $10K a year through my Discover card, and I've gotten pretty steady CLIs.  I get them when I've PIF, and I get them when I'm carrying a $3000 balance for a few months.  As long as you are responsible and you use the card, Discover seems ready to give out higher CLs.

 

Although, other member have said the exact opposite: that Discover is one of the stingiest CCCs, so YMMV.


Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
Regular Contributor
RayRocks
Posts: 156
Registered: ‎03-21-2011
0

Re: Discover More!

Thank a bunch!

 

I know my utilizations is high - finally got off my butt and cleared up a bunch of stuff - and therewere some errors on EX that I am waiting to clear up. So, I will run a ton of stuff through the card and PIF each month and wait to see what happens.

 

I am hammering my last high util card as fast as I can and that will help. We throw everything we can at it each month. All others are now PIF and resting well!  :smileyhappy:

 

I had hope for a little more but this one can "grow"......

 

Thanks again - Ray

Current Goals:

830 FICO / ** GARDEN ** / Pay off one remaing card.

** Every Card Has a Job and Every Card Does Its Job **
Valued Contributor
thrasher865
Posts: 1,157
Registered: ‎05-21-2008
0

Re: Discover More!

Yes, don't feel bad about the low initial CL.  It has been my experience that Discover is very capable of growing with you.


Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
Regular Contributor
RayRocks
Posts: 156
Registered: ‎03-21-2011
0

Re: Discover More!

Best I can tell (without official look), I should be in the 760 area...

 

Last fall I picked up a new car and the dealership told me I was at 741 - not sure who they pulled though.

 

So, in this little app spree:

 

1. AMEX ZYNC - approval and they are backdating me to 1979 when I had my first AMEX!

2. Discover - approval.

3. Citi - still pending. I like the 0 percent for 21 months.

4. Chase - still pending. Same reason as #3...

 

So, that will be it for a while for me. Might have done too much already...

 

--Ray

Current Goals:

830 FICO / ** GARDEN ** / Pay off one remaing card.

** Every Card Has a Job and Every Card Does Its Job **
Regular Contributor
Smerri1029
Posts: 190
Registered: ‎10-22-2010
0

Re: Discover More!

 


RayRocks wrote:

 

 

1. AMEX ZYNC - approval and they are backdating me to 1979 when I had my first AMEX!

 


 

:smileysurprised: WOW! That will look awesome on your report!

 

 

What's In My Wallet:American Express Starwood Preferred Guest Business Card, American Express Costco True Earnings, Citi AA Visa, Chase Freedom
What's In My Sock Drawer: American Express Starwood Preferred Guest Card, Chase Sapphire Preferred, Citi AA AmEx, Chase United Mileage Plus Explorer Card, Barclays US Air, Discover More, Bank of America Accelerated Rewards AmEx, Citi Dividend Platinum Select, LEM FCU Visa, SME FCU Visa
Established Contributor
jefftca925
Posts: 706
Registered: ‎08-14-2008
0

Re: Discover More!

I've had my Discover More card for almost 3 years now and have only received 1 CLI from them and that was 2 years ago.  I typically pay balances off BEFORE the statement cuts so it shows up on my CBR with a 0 balance.  This month I let a balance report and next month I'll do the same to see if they auto CLI my account.  If nothing happens, back in the SD is goes.

CCs: Chase Freedom VS 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Amex Zync, Costco Amex 12k, BofA CR VS 17k, Amex BCP 9.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase United VS 13k, Chase Marriott VS 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates VS 8k, Orbitz VS 9k, NASA V 30k, USBk FP VS 17k
Regular Contributor
RayRocks
Posts: 156
Registered: ‎03-21-2011
0

Re: Discover More!

It will be intersting to see what they do for me. I will run as much as I can through it for a while - maybe 6 to 12 months.

 

If they are kind, I will keep using it daily. If not, I will auto-pay the cell phone bill with it each month.  :smileyhappy:

 

Ray

Current Goals:

830 FICO / ** GARDEN ** / Pay off one remaing card.

** Every Card Has a Job and Every Card Does Its Job **
Regular Contributor
RayRocks
Posts: 156
Registered: ‎03-21-2011
0

Re: Discover More!

1. AMEX ZYNC - approval and they are backdating me to 1979 when I had my first AMEX!

 

I talked with them twice yesterday about this and really got nowhere as I have not used these cards since about 1985. I have had a Green, Gold, and Optima card with them. It seems that I have fallen out of their data-base...  :smileysad:

 

The last person that I spoke with was quite helpful and gave me a fax number to send a copy of my credit report related to AMEX and the 1979 date. She thought even though I am no longer in the data-base, this department and the copy of the related AMEX information would be all I need to get them to back-date.

 

I faxed this information in this morning and will wait to see what happens..

 

Right now, my oldest credit dates back to 1985 so getting this addtional 6 years will be nice.

 

I will post back once I know what happens.

 

--Ray

Current Goals:

830 FICO / ** GARDEN ** / Pay off one remaing card.

** Every Card Has a Job and Every Card Does Its Job **

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}