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@Involver wrote:Just for laughs after reading this thread I decided to request a CLI and got $4000 SP.
Congratulations!
oilcan (myfico member) received a large CLI to $45,000 on Discover yesterday, and EW800 reported a Discover CLI to $47,000 just the day before. I think Discover is rewarding its customers as it generally has.
So, Discover is a bit bi-polar?
My wife has had the card since 2013, and we have not been impressed.
I just got my first Discover last month... decent CL, not my largest or smallest, and we'll see how they treat me....
OP, thanks for the heads up... these things happen. Good luck to your friend!
Count me in the Discover fan club. I have to admite, I'd probably react the same way Discover did.
Here's the simplistic way I look at it. Say you had a friend that asked you to borrow several thousand bucks. Now, you are close enough friends that you know he makes 80k a year and he's paid you back in the past so you agree to loan him the money. You come up with payment terms that you both agree on. Everything is going fine over the course of the next few months, however, you notice him asking other friends to borrow money. You don't mind because he is still paying you( as well as them) back when he says he will. Still, you're wondering if he's paying you back by borrowing money from other friends. You start to wonder why he needs to borrow so much money if he has such a great job. Suddenly you investigate and ralize that over the course of a year, not only had this friend borrowed money from you, he's borrowed money from at least 10 other friends. Would the option be open if your friend wanted to borrow more money from you even if he paid you back on time? The anxiety wouldn't be worth it to me.
@Anonymous wrote:IMO it does no good to share secondhand stories where not all pertinent facts are known.
All it does is stir things up.
Enjoy your day!
Very well said.
@Anonymous wrote:
As noted the Analyst told him that they're stepping up reviews this quarter and many accounts will be scrutinized. So something is changing it seems over there
The thing that's changing could be that Discover is trying to eliminate unnecessary risk in order to protect its fairly generous rewards and card benefits. They may not necessarily want people who continuously open new cards (10 in one year is a LOT), which both by itself and as indication of rewards/bonus chasing, can be considered risky behavior.
This happens. Just like sometimes we like to pare down our cards, lenders sometimes like to do spring cleaning as well.
Ok, besides me who else opend another tab just to 'check' their Discover credit line?
Intact! and I do not mind posts like this to remind me that the banks are always watching.