Reply
Established Member
Posts: 35
Registered: ‎01-28-2013
0

Discover - new account sensitive for CLI?

I got my Discover back in August, so I just passed my 6-month mark, making me eligible for a CLI per their requirements. It has a $1250 CL and is my favorite, most-used card. I pay for everything, including my rent, with it; I probably run ~$8-900 a month through it (which is a lot for me, considering annual income is slightly <$20k)

 

Anyway, the only reason I hesitate to call is that I've opened several new accounts between January and early February. I'm very young (22) and just starting out with credit, so my strategy has been to open multiple accounts that will grow with me now, since AAoA is not really a factor for me at all. 

 

How new account/inquiry-sensitive is Discover when it comes to CLI? Should I give them a call now, or just leave it be for a few months and let everything age? 

 

Thanks everyone!

American Express Blue Cash Everyday | American Express Green | Bank AmeriCard Travel Rewards | Barclaycard Ring | Capital One Rewards | Chase Amazon | Chase Freedom | Citi Simplicity | Discover IT | Fidelity Investment Rewards AmEx | Freedom First CU Visa | Hudson Valley FCU Visa | Paypal Extras MC | + several store cards

09/05/13

Established Member
Posts: 35
Registered: ‎01-28-2013
0

Re: Discover - new account sensitive for CLI?

Oh, and I forgot to mention: I spoke to a rep at Discover, and he said it's SP initially, and then sometimes they'll need to do a HP. I'm only planning on going through with it if it can be done via soft. No more inquiries for me.

American Express Blue Cash Everyday | American Express Green | Bank AmeriCard Travel Rewards | Barclaycard Ring | Capital One Rewards | Chase Amazon | Chase Freedom | Citi Simplicity | Discover IT | Fidelity Investment Rewards AmEx | Freedom First CU Visa | Hudson Valley FCU Visa | Paypal Extras MC | + several store cards

09/05/13

Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Discover - new account sensitive for CLI?


brookele wrote:

I got my Discover back in August, so I just passed my 6-month mark, making me eligible for a CLI per their requirements. It has a $1250 CL and is my favorite, most-used card. I pay for everything, including my rent, with it; I probably run ~$8-900 a month through it (which is a lot for me, considering annual income is slightly <$20k)

 

Anyway, the only reason I hesitate to call is that I've opened several new accounts between January and early February. I'm very young (22) and just starting out with credit, so my strategy has been to open multiple accounts that will grow with me now, since AAoA is not really a factor for me at all. 

 

How new account/inquiry-sensitive is Discover when it comes to CLI? Should I give them a call now, or just leave it be for a few months and let everything age? 

 

Thanks everyone!


Yes. that was 2 of the reasons for my CLI denials the past year. They are VERY conservative on CLI's.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Member
Posts: 35
Registered: ‎01-28-2013
0

Re: Discover - new account sensitive for CLI?


LS2982 wrote:

brookele wrote:

I got my Discover back in August, so I just passed my 6-month mark, making me eligible for a CLI per their requirements. It has a $1250 CL and is my favorite, most-used card. I pay for everything, including my rent, with it; I probably run ~$8-900 a month through it (which is a lot for me, considering annual income is slightly <$20k)

 

Anyway, the only reason I hesitate to call is that I've opened several new accounts between January and early February. I'm very young (22) and just starting out with credit, so my strategy has been to open multiple accounts that will grow with me now, since AAoA is not really a factor for me at all. 

 

How new account/inquiry-sensitive is Discover when it comes to CLI? Should I give them a call now, or just leave it be for a few months and let everything age? 

 

Thanks everyone!


Yes. that was 2 of the reasons for my CLI denials the past year. They are VERY conservative on CLI's.

 


Thanks! I kind of figured they would be. I'm leaning towards waiting 6+ months and letting everything age a little bit. I'm not in a place where I *need* a bigger CL or anything, so I'm not too hung up on getting a CLI nownownow. 

American Express Blue Cash Everyday | American Express Green | Bank AmeriCard Travel Rewards | Barclaycard Ring | Capital One Rewards | Chase Amazon | Chase Freedom | Citi Simplicity | Discover IT | Fidelity Investment Rewards AmEx | Freedom First CU Visa | Hudson Valley FCU Visa | Paypal Extras MC | + several store cards

09/05/13

Frequent Contributor
Posts: 371
Registered: ‎12-30-2012
0

Re: Discover - new account sensitive for CLI?

I would just let them auto CLI you since you use the card regularly. 


CSP-$8700, Amex BCE-17.2k, Chase Freedom-$5700
Discover It-$6600, USAA MC-$5900 Ink Bold- $18k
EQ-742 EX-702 TU-737
Valued Contributor
Posts: 1,449
Registered: ‎08-30-2011
0

Re: Discover - new account sensitive for CLI?


brookele wrote:

LS2982 wrote:

brookele wrote:

I got my Discover back in August, so I just passed my 6-month mark, making me eligible for a CLI per their requirements. It has a $1250 CL and is my favorite, most-used card. I pay for everything, including my rent, with it; I probably run ~$8-900 a month through it (which is a lot for me, considering annual income is slightly <$20k)

 

Anyway, the only reason I hesitate to call is that I've opened several new accounts between January and early February. I'm very young (22) and just starting out with credit, so my strategy has been to open multiple accounts that will grow with me now, since AAoA is not really a factor for me at all. 

 

How new account/inquiry-sensitive is Discover when it comes to CLI? Should I give them a call now, or just leave it be for a few months and let everything age? 

 

Thanks everyone!


Yes. that was 2 of the reasons for my CLI denials the past year. They are VERY conservative on CLI's.

 


Thanks! I kind of figured they would be. I'm leaning towards waiting 6+ months and letting everything age a little bit. I'm not in a place where I *need* a bigger CL or anything, so I'm not too hung up on getting a CLI nownownow. 



OUTSTANDING Attitude ! ! !  You're learning well beyond your years, not to rush things.  That's an excellent idea to let your accounts age a bit before looking at a CLI.  And who knows, you might get an auto-CLI, and that could also happen with your new cards as well.  Stay in the Garden 6-12 months and then look to make a move.  I think you'll be pleasantly surprised!

 

ONWARD AND UPWARD ! ! !

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 822 TU = 830 - 01/2015
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.