topic Re: Apparently You Get Great CLI With Discover For Carrying a Balance! in Credit Card Approvals

Apparently You Get Great CLI With Discover For Carrying a Balance!

daybreakgonesXe — Tue, 07 May 2013 04:50:25 GMT

So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

parakleet — Tue, 07 May 2013 04:54:27 GMT

That's awesome! I sure hope you're right since I will most definitely be carrying a balance for the next year on mine - just did a BT. Congrats to your bf!

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

dodfire — Tue, 07 May 2013 04:55:29 GMT

I guess I need to start carrying a balance!!!

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

myjourney — Tue, 07 May 2013 04:55:46 GMT

@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances

I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

daybreakgonesXe — Tue, 07 May 2013 04:59:20 GMT

@parakleet wrote:
That's awesome! I sure hope you're right since I will most definitely be carrying a balance for the next year on mine - just did a BT. Congrats to your bf!

Thanks! He's excited, and even told me he was "catching up". I laughed at him and showed him my portfolio!

Though it would be great for him to get other cards, he's not a big CC person and typically likes to use his debit card, which is just fine. And besides, at this point I don't trust him with another card based on the way he handles this one! o.O Then again, he uses his Discover card similarly to how the average CC holder uses it, so it can't be all that bad. And he's always on time, so I can't complain on that regard!

Use that BT to the fullest! GL!

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

daybreakgonesXe — Tue, 07 May 2013 05:13:35 GMT

@myjourney wrote:
@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances
@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances
I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers

He's actually planning on paying off completely, or simply a very good chunk, of his Discover card soon so with the boost in CL and the pay down, I MAY have him consider another card...(aka have him consider cards that I would like )

Gonna have him look at the Priceline Visa...would love for him to have the Fidelty AMEX, but doubt he's willing to open up another banking account (he just opened up a savings and started making monthly transfers, so I'm doubly proud that he's putting in the effort to save!), Upromise or Sallie Mae card, Citi Dividend, or BCE. Maybe Discover IT but he could always convert his current card one day to it, so that's last of all the considerations.

Okay, so that's a lot of options. But they're essentially in order of desire, and of course the boyfriend gets the final decision for it will be his card

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

myjourney — Tue, 07 May 2013 05:19:30 GMT

@daybreakgonesXe wrote:
@myjourney wrote:
@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances
@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances
I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers
He's actually planning on paying off completely, or simply a very good chunk, of his Discover card soon so with the boost in CL and the pay down, I MAY have him consider another card...(aka have him consider cards that I would like )

Gonna have him look at the Priceline Visa...would love for him to have the Fidelty AMEX, but doubt he's willing to open up another banking account (he just opened up a savings and started making monthly transfers, so I'm doubly proud that he's putting in the effort to save!), Upromise or Sallie Mae card, Citi Dividend, or BCE. Maybe Discover IT but he could always convert his current card one day to it, so that's last of all the considerations.

Okay, so that's a lot of options. But they're essentially in order of desire, and of course the boyfriend gets the final decision for it will be his card

Sure...... the suggestive powers of a woman Lol

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

daybreakgonesXe — Tue, 07 May 2013 05:22:35 GMT

@myjourney wrote:
@daybreakgonesXe wrote:
@myjourney wrote:
@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances
@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances
I bet they do like that....tell the BF to let you manage his credit we know you will get his debt in check and get him some nice cards to boot..lol

cheers
He's actually planning on paying off completely, or simply a very good chunk, of his Discover card soon so with the boost in CL and the pay down, I MAY have him consider another card...(aka have him consider cards that I would like )

Gonna have him look at the Priceline Visa...would love for him to have the Fidelty AMEX, but doubt he's willing to open up another banking account (he just opened up a savings and started making monthly transfers, so I'm doubly proud that he's putting in the effort to save!), Upromise or Sallie Mae card, Citi Dividend, or BCE. Maybe Discover IT but he could always convert his current card one day to it, so that's last of all the considerations.

Okay, so that's a lot of options. But they're essentially in order of desire, and of course the boyfriend gets the final decision for it will be his card
Sure...... the suggestive powers of a woman Lol

Ahahaha! Can't help it! But hey, a good portion of his spending is on me, so why not help him earn the maximum rewards in the meantime? XD

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

creditnocash — Tue, 07 May 2013 05:23:19 GMT

congrats, and yes, same on my chase freedom. second auto cli i was carrying a balance of 50% util for the first time. 0% interest anyways so why not .

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

indiolatino61 — Tue, 07 May 2013 06:28:32 GMT

@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances

That's great...but I would not advocate carrying balances on a card if it is not necessary, or just in the off chance that they will give you a CLI. I never carry any balances, so if that means I will not get a CLI, then so be it. I will of course request one...

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

daybreakgonesXe — Tue, 07 May 2013 06:44:46 GMT

@indiolatino61 wrote:
@daybreakgonesXe wrote:
So my boyfriend got a Discover card a little less than a year ago (will be a full year May 18th), which was a counteroffer for the card he originally applied for (not sure exactly what it was, could have been the More). Also not sure of the terms, but considering it was his first real credit card after having only a car loan and student loan report, him and I were both thrilled at the prospect of building his credit. They gave him a $1250 limit to start.

Unfortunately, he did use the card for some moderately big ticket items for his collection, and he makes the monthly minimum payments each month...and sometimes uses the card for going out to eat and such. So his balance is usually anywhere between $700-$900 every month, obviously lower when he's not charging additional purchases to the card. Though i can't remember the exact timing, he's gone from $1250-->$1500-->$1900 to just recently today $3000! That's over 2x increase within a year! Without even asking!

Discover sure likes people who revolve balances
That's great...but I would not advocate carrying balances on a card if it is not necessary, or just in the off chance that they will give you a CLI. I never carry any balances, so if that means I will not get a CLI, then so be it. I will of course request one...

Trust me, that's my theory, too my boyfriend isn't as credit savvy as much as I try to teach him...

And i'm certainly not advocating carrying a balance at all, unless under a 0% intro period on purchases/BT...merely stating an interesting observation

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

youngandcreditwrthy — Tue, 07 May 2013 20:16:29 GMT

Interesting! Ive been carrying a bal on my IT(0% for 15 mos on bts and purchases-IT was a Motiva!)
Went from 4000-4750 at 6 months.

Get him to get BCE; it's a boooomb card!
And looks like you got 'im in checkhahha😳👍👍😄😏

Good luck!

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

daybreakgonesXe — Wed, 08 May 2013 02:27:07 GMT

@youngandcreditwrthy wrote:
Interesting! Ive been carrying a bal on my IT(0% for 15 mos on bts and purchases-IT was a Motiva!)
Went from 4000-4750 at 6 months.

Get him to get BCE; it's a boooomb card!
And looks like you got 'im in checkhahha😳👍👍😄😏

Good luck!

HAHA! Well, in some respects I have him in check! And other instances, he has me in check

So overall it balances out to an even relationship there's some things I'm great a balancing, and others he's simply better at. Not to mention I'm a complete left brain and he's a complete right brain!

I honestly can't wait to see his score boost from paying down that card and a few of his loans!!

Re: Apparently You Get Great CLI With Discover For Carrying a Balance!

youngandcreditwrthy — Wed, 08 May 2013 15:12:10 GMT

Ah, dat's cute 😄

I'm always the more finance savvy one when I'm dating. LOL
It's a good date when you both whip out the same credit card imo! Haha :-)