@peaceonearth wrote:
@CribDuchess wrote:
@thelethargicage wrote:I just wasted a 2nd HP on a measly $500 CLI, so I was wondering, how exactly do you get a decent CLI from them?
Massive usage? Allow statement to close with a balance? Carry a balance?
Any suggestions?
I have been calling the number on the back of my card and following the automated prompts to reach the CLI request option. I have had much better success with this being a soft-pull and getting $1,500 one time and $2,500 the other time I have tried this. I am planning to use this method every 3 months. I got one of the increases in May, and got the other one earlier this month. In between, I did attempt another and the system wanted to transfer me to a representative. I hung up as I figured it would then be a HP.
I have had no luck with the online luv button - it always indicates that they will need to check my credit reports.
Just like taxi818 mentioned, do you really need the CLI?, specially when you have too many credit cards with high credit lines, why waste your energy chasing the $500 or even a $1000 increase; does this become some sort of addiction?
With the high demand of CLIs and most of the time is not even needed I believe, it won't be too long before banks shutdown the privilege of the CLI and commence to change their manner; of conducting and granting credit line increases, and the first one will be AMEX.
Er ... IMHO, everyone has different financial goals, situations and outlooks on what's worth it to them in terms of effort. I wouldn't suggest intimating "addiction" simply because someone aggressively pursues any particular option.
1/26/13 Discover It. $2000 limit.
7/27/13 I called and asked for a CLI with no hard pull. They said that wasn't possible. I allowed a HP and limit increased $1000. Total $3000.
11/15/13 called and asked for a CLI with no hard pull. They said that wasn't possible. I explained how I would like more than just $1000, and said I would be happy with $5000 total. In asking why I needed a CLI, I said I do a lot of online shopping (true), and with Black Friday, Christmas, and after Christmas sales in the near future, I would be using the Discover card. They granted the $2000 increase. Total $5000
5/3/14 heard about the phone system sometimes giving SP increases. Called, phone offered $1000. naturally I accept. Total $6000
??? I called after 3 months, phone system said it had to transfer me to a person. I hung up.
9/16/14 decided to try the online system again. Requested $1500 gave me a system error.
9/17/14 used the online system, requested $1500. It OK'd the request, and I accepted. total $7500
So, what does all this mean? I dunno. But at first I had to accept HP's to get a CLI, and eventually they started to have offers in the system that I could get with SP. But only if I requested them.
What really worker for me was waiting for the account to age, and increasing spending. Once I hit 15 months, I started getting meager automatic credit limit increases. After a few months of increased spending, I started requesting CLI's and was approved for good amounts. Here's my CL history:
2k-2.25k-2.5k-7.5k-9k
2k-2.25k-2.5k-7.5k-9k
@thelethargicage wrote:I just wasted a 2nd HP on a measly $500 CLI, so I was wondering, how exactly do you get a decent CLI from them?
Massive usage? Allow statement to close with a balance? Carry a balance?
Any suggestions?
This is exactly why I will never do a HP CLI with Discover...
.
@14Fiesta wrote:I am currently experimenting with the relationship method. I heard anecdotal evidence that Discover likes it if you have a strong relationship in multiple areas with them. So I am trying to improve relationship by utilizing their CC, savings account, and cashback checking products.
Yeah right...I'm not going to jump through hoops and open checking and savings accounts just in the hopes that this will trigger a CLI. I'm at the same CL with them for over 2 years now. They will remain in the SD indefinitely.
