topic Re: DISCOVER FIRST CLI in Credit Card Approvals

DISCOVER FIRST CLI

Anonymous — Mon, 12 Nov 2012 00:20:54 GMT

Hey guys one quick question how long should I wait to ask for my first CLI. with my discover card I just got approve last week. And how should I use the card. To get a positive position with discover also... Does discover make hard pull for increases ????

Re: DISCOVER FIRST CLI

Anonymous — Mon, 12 Nov 2012 00:26:21 GMT

You can ask after 6 months.

Depends on the hard pull. You can ask and you might get a CLI without a HP online or on the phone with the automated system. If you ask a CSR it will be a HP.

I got my first CLI and had to do a HP to get it from $750 to $1500 after 7 months. Next one was an auto CLI and APR reduction without asking to $2500 and just yesterday I asked online for another 1k and was approved for $500 without a HP. I could have done the HP to be considered for the rest but I just took the 500.

Re: DISCOVER FIRST CLI

Anonymous — Mon, 12 Nov 2012 00:42:09 GMT

Awsome Ill wait for the 6 months I don't care.... I always wanted a discover car and I will treat this card very very good . Hey so how should I use this card to look good in discover eyes

Re: DISCOVER FIRST CLI

SnackTrader — Mon, 12 Nov 2012 01:30:06 GMT

@Anonymous wrote:
Awsome Ill wait for the 6 months I don't care.... I always wanted a discover car and I will treat this card very very good . Hey so how should I use this card to look good in discover eyes

I can't speak specifically to Discover, since I don't have one, but I have strong beliefs about credit card "use" that I will share.

Use it however you want, but never spend just to use a card. That is the first way to get into debt. If you normally buy $200 in groceries a month, $100 in gas, and another few hundred in discretionary spending, just do that. Put it on the card, PIF to avoid interest, and see what happens. From reading this forum, and the experience of people around me, responsible credit card use leads to auto CLIs for many lenders.

Re: DISCOVER FIRST CLI

Anonymous — Mon, 12 Nov 2012 06:25:37 GMT

I'm gonna do that for sure I'm gonna use my credit card like my debit card And pay all the balance every month

Re: DISCOVER FIRST CLI

RonDawg — Mon, 12 Nov 2012 06:27:48 GMT

@Anonymous wrote:
Hey guys one quick question how long should I wait to ask for my first CLI. with my discover card I just got approve last week. And how should I use the card. To get a positive position with discover also... Does discover make hard pull for increases ????

Discover auto increases mine every 3 months Not sure why. After 6 you can ask for one.

Re: DISCOVER FIRST CLI

Anonymous — Fri, 14 Dec 2012 17:20:52 GMT

I started off with a 3000.00 discover limit. Used it for all of my purchases but made sure the balance was under 30% before the STATEMENT closed. Then when the bill came I paid off in full same day it came out. Repeated for two more cylces and was given a 750.00 increase 24hours after I paid my 3rd bill. Hope this helps!

Re: DISCOVER FIRST CLI

Cory — Fri, 14 Dec 2012 20:59:10 GMT

@SnackTrader wrote:
@Anonymous wrote:
Awsome Ill wait for the 6 months I don't care.... I always wanted a discover car and I will treat this card very very good . Hey so how should I use this card to look good in discover eyes
I can't speak specifically to Discover, since I don't have one, but I have strong beliefs about credit card "use" that I will share.

Use it however you want, but never spend just to use a card. That is the first way to get into debt. If you normally buy $200 in groceries a month, $100 in gas, and another few hundred in discretionary spending, just do that. Put it on the card, PIF to avoid interest, and see what happens. From reading this forum, and the experience of people around me, responsible credit card use leads to auto CLIs for many lenders.

This is excellent advice! Very much appreciated. Thank you for your wisdom.

Cory