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How to get aCLI by Discover?

Super Contributor

Re: How to get aCLI by Discover?


Kay_Cee wrote:
So I opened the account in May and I got an automatic increase to my credit limit on 8/27, 3 months after I opened the account.  Today, I logged into my account saw another automatic limit increase effective 11/27, exactly three months later.  My line of credit with Discover started at $1,000 and was increased to $1,350 in August and $1,700 now.  Not huge but, I'll take it considering two years ago the only card I could get was a $300.00 Direct Merchants Bank DiscoverSmiley Happy.

Congrats!  As I was telling others, Discover gives CLI's every three months during the 1st year of opening the account.  The seasoned cardholders who received an initial higher CL are stuck with their CL.

Message 41 of 55
Regular Contributor

Re: How to get aCLI by Discover?

Thanks!  I just checked the phone menu and the option to request a CLI is still there but, I won't exercise the option.  I'm happy with the $45,000 + I have in available credit.  Again, three years ago all I could get was that $300 limit from HSBC.  It is from all the help I got here combined with some self-discipline that I am where I am.
Message 42 of 55
Valued Contributor

Re: How to get aCLI by Discover?


DI wrote:

 The seasoned cardholders who received an initial higher CL are stuck with their CL.


That seems to be true for me: approved 12/08 for $5490 (what's with the odd numbers?!) and I noticed the phone CLI option about 8 or 9 months in and that was good for another $2000 increase. No auto CLI for me, though I do hope with all the money I've put through them these past couple of months and my anniversary approaching, they remember me.

 

Oops...it was supposed to read 12/08

Message Edited by MrShush on 11-28-2009 10:15 AM
Message 43 of 55
Senior Contributor

Re: How to get aCLI by Discover?


DI wrote:

Kay_Cee wrote:
So I opened the account in May and I got an automatic increase to my credit limit on 8/27, 3 months after I opened the account.  Today, I logged into my account saw another automatic limit increase effective 11/27, exactly three months later.  My line of credit with Discover started at $1,000 and was increased to $1,350 in August and $1,700 now.  Not huge but, I'll take it considering two years ago the only card I could get was a $300.00 Direct Merchants Bank DiscoverSmiley Happy.

Congrats!  As I was telling others, Discover gives CLI's every three months during the 1st year of opening the account.  The seasoned cardholders who received an initial higher CL are stuck with their CL.


They do on certain accounts - just not all. If you have this in effect it was expressed in your approval letter. This is not generally true for all accounts.

 

As for being "stuck" I suppose I was. Stuck that is with a $8.1K initial CL and a $2K CLI at one year. There are other mechanisms available to the "seasoned" account holders for getting their CLI's beyond the auto-CLI.

Message 44 of 55
Senior Contributor

Re: How to get aCLI by Discover?


MrShush wrote:

DI wrote:

 The seasoned cardholders who received an initial higher CL are stuck with their CL.


That seems to be true for me: approved 12/09 for $5490 (what's with the odd numbers?!) and I noticed the phone CLI option about 8 or 9 months in and that was good for another $2000 increase. No auto CLI for me, though I do hope with all the money I've put through them these past couple of months and my anniversary approaching, they remember me.


If you want a CLI most likely you are going to have to ask for it using the telephone option method. Don't expect an auto-CLI.

Message 45 of 55
Established Contributor

Re: How to get aCLI by Discover?

if you call having 16K stuck then so be it? I started at 7500 in April 06
Message 46 of 55
New Contributor

Re: How to get aCLI by Discover?

I was approved for 9540 CL about 3 months ago, so does that mean it will take atleast a year to get CLI? yikes.

Starting Score: (1/22/2010) TU 759, Eq 742
Current Score: (6/22/2010) TU 724, Eq 735
Goal Score: (1/01/2011) TU 800, Eq 783


Take the FICO Fitness Challenge
Message 47 of 55
Senior Contributor

Re: How to get aCLI by Discover?


plasticguy wrote:
if you call having 16K stuck then so be it? I started at 7500 in April 06

 

Well you truly are "stuck" now. According to what we know of Discover's current guidelines $16K is the maximum CL they are giving out.

 

Smiley Wink

Message 48 of 55
Senior Contributor

Re: How to get aCLI by Discover?


IIIII wrote:
I was approved for 9540 CL about 3 months ago, so does that mean it will take atleast a year to get CLI? yikes.

 

You do understand that by Discover's standards a $9,540 opening CL is world class, right?
Message 49 of 55
New Contributor

Re: How to get aCLI by Discover?

i doubt it is considered world class, when i apped i was around 750 FICO for EQ and TU. 1 30 day late from 6 yrs, 9 months ago, no baddies, no collections and no bk's.

Starting Score: (1/22/2010) TU 759, Eq 742
Current Score: (6/22/2010) TU 724, Eq 735
Goal Score: (1/01/2011) TU 800, Eq 783


Take the FICO Fitness Challenge
Message 50 of 55