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Valued Contributor
Posts: 1,905
Registered: ‎11-17-2012
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Safe Amount for a Discover Soft Pull CLI?

Hey guys! So my brother has had his Discover Open Road Student since June 2012, so he is well above and beyond the 6 month mark :smileyhappy: next to his $5,000 credit limit, there is a "request increase" button.

 

I haven't clicked it yet, since I need some information first. He can't have any hard pulls due to his recent Giants card from Barclays (November 2012). What is a safe CLI from $5,000 that will result in a soft pull? I was reading around and some people say $2,000 is a safer bet. If he puts in a higher amount, say, double his current limit, will they want a hard pull and not counteroffer a soft? Or does Discover counteroffer? Is there a cap on limits on the Discover student cards?

 

Thanks guys! Happy New Year!

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $11.5k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 764 EQ 704 TU 745 VantageScore 3.0: EX 745 EQ 752 TU 752 Credit Sesame (EX) 754 Credit.com (EX) 788
Established Contributor
Posts: 783
Registered: ‎08-02-2008
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Re: Safe Amount for a Discover Soft Pull CLI?


daybreakgonesXe wrote:

Hey guys! So my brother has had his Discover Open Road Student since June 2012, so he is well above and beyond the 6 month mark :smileyhappy: next to his $5,000 credit limit, there is a "request increase" button.

 

I haven't clicked it yet, since I need some information first. He can't have any hard pulls due to his recent Giants card from Barclays (November 2012). What is a safe CLI from $5,000 that will result in a soft pull? I was reading around and some people say $2,000 is a safer bet. If he puts in a higher amount, say, double his current limit, will they want a hard pull and not counteroffer a soft? Or does Discover counteroffer? Is there a cap on limits on the Discover student cards?

 

Thanks guys! Happy New Year!


I usually do 2-3 k. They will counter if thats too high. Good luck!

FICO: EX: 743 (10/14); TU: 758 (9/14); EQ 721 (9/14)

In My Wallet: Amazon X 1 |Amex X 5 | Barclays X 2 | BOA X 1 | CapOne X 3 | Chase X 5 | Citi X 6 | DCU X 1 | DinersClub X 1 | Discover X 1 | Fidelity X 1 | Fifth Third X 2 | Macys X 1 | PenFed X 2 | PSECU X 1 | Sams Club MC X 1 | Target RedCard X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1

Holding off apps until the end of the year! Wish me luck!
Valued Contributor
Posts: 1,905
Registered: ‎11-17-2012
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Re: Safe Amount for a Discover Soft Pull CLI?


UFGuy2006 wrote:

daybreakgonesXe wrote:

Hey guys! So my brother has had his Discover Open Road Student since June 2012, so he is well above and beyond the 6 month mark :smileyhappy: next to his $5,000 credit limit, there is a "request increase" button.

 

I haven't clicked it yet, since I need some information first. He can't have any hard pulls due to his recent Giants card from Barclays (November 2012). What is a safe CLI from $5,000 that will result in a soft pull? I was reading around and some people say $2,000 is a safer bet. If he puts in a higher amount, say, double his current limit, will they want a hard pull and not counteroffer a soft? Or does Discover counteroffer? Is there a cap on limits on the Discover student cards?

 

Thanks guys! Happy New Year!


I usually do 2-3 k. They will counter if thats too high. Good luck!


Thanks!!! We will probably be doing it shortly, think the 2k is a safe bet! Thanks for your reply!

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $11.5k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 764 EQ 704 TU 745 VantageScore 3.0: EX 745 EQ 752 TU 752 Credit Sesame (EX) 754 Credit.com (EX) 788
Valued Contributor
Posts: 1,444
Registered: ‎08-30-2011
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Re: Safe Amount for a Discover Soft Pull CLI?


UFGuy2006 wrote:

daybreakgonesXe wrote:

Hey guys! So my brother has had his Discover Open Road Student since June 2012, so he is well above and beyond the 6 month mark :smileyhappy: next to his $5,000 credit limit, there is a "request increase" button.

 

I haven't clicked it yet, since I need some information first. He can't have any hard pulls due to his recent Giants card from Barclays (November 2012). What is a safe CLI from $5,000 that will result in a soft pull? I was reading around and some people say $2,000 is a safer bet. If he puts in a higher amount, say, double his current limit, will they want a hard pull and not counteroffer a soft? Or does Discover counteroffer? Is there a cap on limits on the Discover student cards?

 

Thanks guys! Happy New Year!


I usually do 2-3 k. They will counter if thats too high. Good luck!


Just recently hit the LUV button on Discover.  Had a CL of $5200, asked for an increase to $10K.  Had to verify employment/salary info in the automated system, and got the caveat that there may be a credit pull for the request.  Got the usual  7-10 day response message.  Checked my Discover account the next day, balanced showed as $10K!  There was a hard pull, they pulled TU (Colorado). 

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
Valued Contributor
Posts: 1,905
Registered: ‎11-17-2012
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Re: Safe Amount for a Discover Soft Pull CLI? Updated, More Info!

Running into a snag: is this normal for them to say with a soft pull? Or will this likely be a hard pull? It's asking for the credit limit amount, why you want it, employment info, and housing info.

 

Requesting an increase to your credit line is easy. Tell us the amount you would like your credit line to increase by and provide some of your employment and financial information to help us with our decision.  This request may also require us to pull a credit bureau report, which may affect your credit score.  Most decisions are immediate, however it may take up to two business days.

 


Will they warn me if a hard pull is required first, or is this a guaranteed hard pull?

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $11.5k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 764 EQ 704 TU 745 VantageScore 3.0: EX 745 EQ 752 TU 752 Credit Sesame (EX) 754 Credit.com (EX) 788
Valued Contributor
Posts: 1,905
Registered: ‎11-17-2012
0

Re: Safe Amount for a Discover Soft Pull CLI?


thom02099 wrote:

UFGuy2006 wrote:

daybreakgonesXe wrote:

Hey guys! So my brother has had his Discover Open Road Student since June 2012, so he is well above and beyond the 6 month mark :smileyhappy: next to his $5,000 credit limit, there is a "request increase" button.

 

I haven't clicked it yet, since I need some information first. He can't have any hard pulls due to his recent Giants card from Barclays (November 2012). What is a safe CLI from $5,000 that will result in a soft pull? I was reading around and some people say $2,000 is a safer bet. If he puts in a higher amount, say, double his current limit, will they want a hard pull and not counteroffer a soft? Or does Discover counteroffer? Is there a cap on limits on the Discover student cards?

 

Thanks guys! Happy New Year!


I usually do 2-3 k. They will counter if thats too high. Good luck!


Just recently hit the LUV button on Discover.  Had a CL of $5200, asked for an increase to $10K.  Had to verify employment/salary info in the automated system, and got the caveat that there may be a credit pull for the request.  Got the usual  7-10 day response message.  Checked my Discover account the next day, balanced showed as $10K!  There was a hard pull, they pulled TU (Colorado). 


Thanks thom02099. It's all one form for him, it doesn't let you pick your increase THEN goes to a next page for employment stuff. I just mentioned that it may require a credit pull, so we will hold off! Thanks!

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $11.5k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 764 EQ 704 TU 745 VantageScore 3.0: EX 745 EQ 752 TU 752 Credit Sesame (EX) 754 Credit.com (EX) 788
Valued Contributor
Posts: 1,444
Registered: ‎08-30-2011
0

Re: Safe Amount for a Discover Soft Pull CLI? Updated, More Info!

[ Edited ]

daybreakgonesXe wrote:

Running into a snag: is this normal for them to say with a soft pull? Or will this likely be a hard pull? It's asking for the credit limit amount, why you want it, employment info, and housing info.

 

Requesting an increase to your credit line is easy. Tell us the amount you would like your credit line to increase by and provide some of your employment and financial information to help us with our decision.  This request may also require us to pull a credit bureau report, which may affect your credit score.  Most decisions are immediate, however it may take up to two business days.

 


Will they warn me if a hard pull is required first, or is this a guaranteed hard pull?



I got the same message, put in there that I wanted the increase for travel purposes (I don't think it really matters what choice, since it's likely automated).  Same warning about the credit bureau report, mine was a hard pull to TU.  No biggie, only 2 inquiries on my TU report. My guess is,if you get the immediate response of approval (which I've gotten from other sites), it's a soft pull or internal scoring;  if you get the 7-10day message, it will likely be a hard pull. 

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
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