Discover more!

[Anonymous]

Just got approved for discover more card with 1300 cl.I will be very glad if y'all can give me some advice on how to use this card.i wanna build a good credit history with them.

thanks. 

and oh when should i ask for CLI?and do they want to see pif every month? 

[Uniqua]

I think that at this point and time, we should ALWAYS PIF, regardless of who the creditor is. Why do you need to ask for a CLI, can't you wait to see if they auto CLI you first? If you want to build a good credit history with them, use the CC regularly and don't carry any balances. Don't make 2-3 payments then assume it's fine to call up and demand a CLI. At least make 6-9 payments on time and if you haven't seen a CLI within that time frame, call up and ask for one (first making sure your overall util is low and no recent baddies are affecting your chances for an increase).

Congrats on the Discover More!

[jmbfl]

Discover likes USE!

[Anonymous]

Congratulations, Mandela. I was approved for the More card last week and when activating it I spent about 15 minutes on the phone with cs talking about what red flags them in the current economy. He said it didn't matter if you charged 75% and pif, only used it to gas up the car weekly, took cash advances or whatever. They don't care what your first purchase is (I'd still pass on 'Uncle Ernie's Porn and Bait Shop'). What they are looking for is you to establish a pattern of usage. Use it conservatively, but use it. He said Discover is not hurting the same as other cc issuers, so their customers aren't under the microscope as much. Their limits are extremely conservative as are cli's, but they don't care if their not the biggest, they just 'want to be the best' and keep their customers around for the long haul.

[Anonymous]

Yes, Discover likes use!

You can't sockdrawer them and expect an increase. They want to see how you handle the account.

FWIW, I was told to allow atleast 6 months before I asked for an increase.

Give it atleast that much time and then either call and speak with a CSR who will probably do a soft pull for a CLI, or use the automated prompts from the 800 number on the back of your card. There is a recent thread about using it floating around here.

ETA link:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=122910

Message Edited by stef37 on 11-16-2008 10:43 PM

[Anonymous]

Congrats on the approval!!

[Anonymous]

I like my Discover!!!!  I cold-apped them (no offer) because it is the only card my Mom has and she has had it since they first offered them (she worked for Sears at the time).

Cash Back system is tiered though.  I hit mine with 2 large PLANNED purchases  ($1750 and $1400) the first month and paid it immediately.  Now at top cash back tier on all the monthly bills.  Since it's groceries & restaurants right now at 5% it also gets used for that.  Maximizing rewards.

I autopay all the household bills and cell phones on it - about $1800/month and PIF on my due date even though I have 0% till April.

Controlling what reports is simple because your statement cuts the day after your due date and they report the statement balance.

[FretlessMayhem]

As other posters have said, Discover LOVES usage.

I use mine regularly for 5 percent back on gas, and for shopdiscover.com

[Anonymous]

Thank you all for the advice.i don't know what i would have done without you all.thanks to everyone once again for the advice on how manage my discover more card.

thank y'all

[cutemarty1]

Just applied for Discover More --- 1700 limit. Tried CLI recon number... denied  I guess this it ok for now.  Just got approved AMEX Gold 2 weeks before. and couple of my credit limits bumped up. Will do CLI again in May for my cards.