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New Member
Posts: 16
Registered: ‎07-06-2013
0

Discover it CLI Declined

I've had my Discover IT for 5 months and applied for a CLI today, and got declined. The representative was kind of confused as well seeing that i've PIF every month and i don't have that much outstanding debt on my cards....does anyone know if Discover is typically stingy with their lines? this is my first line of credit with them in general. I also have a Wal-Mart Discover but don't necessarily count them in this matter.

 

Any advice would be great!

 

CLS

My Wallet:
Wal-Mart Credit Card: $2500 (opened 10/2010) Wal-Mart Discover: $1500 (opened 3/2013) Southwest RR: $5000 (opened 2/2013)
Citi Diamond Preferred: $1400 (opened 2/2013) Capital One Business Spark: $500 (opened 6/2013) PayPal Smart Connect: $3000 (opened 12/2010) Discover IT: $1000 (opened 2/2013) Woodforest Bank: $1500 (opened 3/2013) Wells Fargo Cash Back: $1000 (opened 3/2013)
Regular Contributor
Posts: 249
Registered: ‎02-16-2013
0

Re: Discover it CLI Declined

Discover is known around these parts to be VERY stingy with their credit lines.

 

Sorry to hear about your denial.

AMEX True Earnings (14k) || Discover IT (10k) || Chase Sapphire Preferred (6k) || Chase Freedom (6k) || Citi ThankYou Preferred (6.3k) || GE CareCredit (4.9k) || Citi Double Cash (4.9k) || Sallie Mae (4k) || Best Buy (2k) || AMEX Blue Cash Everyday (2k) || Target REDcard (1.5k)
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Discover it CLI Declined

Regular Contributor
Posts: 146
Registered: ‎01-26-2011
0

Re: Discover it CLI Declined

Soft pull or hard pull? Since your account is new and it hasn't reached 6th months yet since maybe that's why.

New Member
Posts: 16
Registered: ‎07-06-2013
0

Re: Discover it CLI Declined

they said they would send me a letter. I will keep you all posted. She said very strictly it's soft pull since it's a established account.

 

One of the things i learned on the phone from the CSR is that "established accounts" are accounts that are 3 to 12 months of age, "well establish accounts" are 12-36 months old, "outstanding accounts" are 37+ months old. apparently, their underwriters use this and our fico scores to determine CLI, including automatic. Most Discover IT accounts are automatically reviewed after 6 to 12 months for an increase. Maybe I applied a bit too soon. We'll see...

 

 

My Wallet:
Wal-Mart Credit Card: $2500 (opened 10/2010) Wal-Mart Discover: $1500 (opened 3/2013) Southwest RR: $5000 (opened 2/2013)
Citi Diamond Preferred: $1400 (opened 2/2013) Capital One Business Spark: $500 (opened 6/2013) PayPal Smart Connect: $3000 (opened 12/2010) Discover IT: $1000 (opened 2/2013) Woodforest Bank: $1500 (opened 3/2013) Wells Fargo Cash Back: $1000 (opened 3/2013)
Regular Contributor
Posts: 146
Registered: ‎01-26-2011
0

Re: Discover it CLI Declined

Yeah that's the reason, try and call back again in 3 months and if you still get declined through a soft and you really want an increase try for a hard pull, you will most likely get at least something.

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