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New Contributor
thoughts1
Posts: 110
Registered: ‎01-12-2009
0

Good to know about current Discover CLI policy

[ Edited ]

 

quote:

Please keep in mind that if your account has been open less than six
months or if you are requesting a credit limit larger than $12,000.00,
we will not be able to process your request at this time.


In
addition, the maximum additional amount that can be approved for a
credit line increase is $2,000.00 more than your current credit limit.

 

 

 

 

 

sucks but oh well

Message Edited by thoughts1 on 06-10-2009 09:13 AM
Message Edited by thoughts1 on 06-10-2009 09:13 AM
New Contributor
austintex
Posts: 74
Registered: ‎05-25-2009
0

Re: Good to know about current Discover CLI policy

Good to know - I wonder if the 2,000 dollars pertains specifically to your account, or that is there rule in general.

 

Thanks for the info.

- - - - - - - - - - - - - - - - - - - - - - - --
5/31/09 - 736 - EQ
Established Contributor
plasticguy
Posts: 556
Registered: ‎02-21-2008
0

Re: Good to know about current Discover CLI policy

Discover Financial Servi
Status as of [?] May, 2009
Date opened [?] Apr, 2006
Date of last activity [?] May, 2009
Date paid out [?] May, 2009
Date closed [?] Not Reported
Account number [?] XXXXXXXXXXXX
Loan type [?] Credit Card
Credit limit [?] $16,000
Largest past balance [?] $3,575
Terms [?] Not Reported
Account Type [?] Revolving Account
Account holder [?] Individual Account
Scheduled payment amount [?] Not Reported

The Max is actually 16K They will not even do a pull for anything higher
Epic Contributor
Creditaddict
Posts: 20,100
Registered: ‎10-23-2007
0

Re: Good to know about current Discover CLI policy

Discover offers CL up to 50,000
Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Established Contributor
plasticguy
Posts: 556
Registered: ‎02-21-2008
0

Re: Good to know about current Discover CLI policy

Not anymore! I asked for an increase and was told that 16K was the max, they aren't considering anything higher at this time
Senior Contributor
MattH
Posts: 3,245
Registered: ‎04-03-2008
0

Re: Good to know about current Discover CLI policy


plasticguy wrote:
Not anymore! I asked for an increase and was told that 16K was the max, they aren't considering anything higher at this time

 

Interesting.  They do seem a little less generous with their limits: my Chase and Citi both have limits over $20K but my Discover is a little over $10K.  Note that I've never requested an increase from anybody, I've had all my cards for over 10 years and their automatic credit limit increases have been more than sufficient for anything I've ever wanted to spend.

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Moderator Emeritus
WhirledPeasPlease
Posts: 3,418
Registered: ‎12-27-2007
0

Re: Good to know about current Discover CLI policy

Interesting.  My Discover started at 1.1k in Feb 08.  In Sept 08 I asked for a CLI (with a hard pull) and asked for and got 3.5k.  Around Feb 09 I asked for a CLI and got a 1k (soft pull) to 4.5k. 

 

 

My point?  Once upon a time they did increases greater than 2k.

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Senior Contributor
UpUpUp
Posts: 3,017
Registered: ‎06-03-2008
0

Re: Good to know about current Discover CLI policy

A few months back I got an CLI that was more than $2k also. Soft pull.
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Good to know about current Discover CLI policy

April 09 - CLI from 5,500 to 9,500 - soft pull

Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


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