topic Discover CLI in Credit Card Approvals

Discover CLI

macinjosh — Fri, 22 Mar 2019 04:43:12 GMT

After my Discover it #2 approval at the beginning of the month, I decided to use that card to balance transfer a portion of my 1st card onto my 2nd, using my Citi DC as the go between to juggle the balance. The first part completed on the 20th (yesterday as of posting). I had a balance of over $4,000 on my first Discover, so after the BT on my DC, I paid almost $1,900 off the balance and then my statement cut. This morning I decided to poke Discover, and much to my surprise, I got this:

This card started at $4,500 a year ago. About 5 months in they increased it to $6,300 Automatically. In December I asked for a CLI and they gave me $500, the AJC special. And now today I got the $3,400. I wonder what they will give me once I pay off the balance in the next 2 months.

On another note, a couple days ago I asked Synchrony for a $1,000 CLI on my Paypal Extras MC and they gave it to me, raising my CL to $9,000.

All together, I went from no credit in January 2018 to $58,600 in just under 14 months. Was this a sprint or a marathon?

Re: Discover CLI

thornback — Fri, 22 Mar 2019 04:46:31 GMT

Nice work! Congratulations!!

Re: Discover CLI

Taurus22 — Fri, 22 Mar 2019 04:57:50 GMT

Wow. I never considered a double BT before. If you don't mind the BT fees and it works to your favor, that's pretty smart thinking.

I didn't realize you could move BT's around like that so often. Is this common practice or simply a workaround out of your own necessity? It seems banks would somehow frown upon moving debt around that way. (but then, I guess maybe BT's aren't really tracked between banks that way?)

Congrats btw and pretty impressive move!

Re: Discover CLI

macinjosh — Fri, 22 Mar 2019 05:27:19 GMT

@Taurus22 wrote:
Wow. I never considered a double BT before. If you don't mind the BT fees and it works to your favor, that's pretty smart thinking.
I didn't realize you could move BT's around like that so often. Is this common practice or simply a workaround out of your own necessity? It seems banks would somehow frown upon moving debt around that way. (but then, I guess maybe BT's aren't really tracked between banks that way?)

Congrats btw and pretty impressive move!

I made sure that Citi was on a new statement cycle as well as my 2nd Disco. I don't find anything wrong with moving debt back and forth. Citi was no fee for transfer, but 10.99%. In 10 days, that equals $10 or less. The balance on my first Discover was all regular spend between my friend and I, so I was just splitting our expenses onto two cards so she can pay her part off first.

Re: Discover CLI

Anonymous — Fri, 22 Mar 2019 06:07:19 GMT

Congrats on your increase!

Re: Discover CLI

FireMedic1 — Fri, 22 Mar 2019 08:37:42 GMT

Work the system perfectly. Congrats!

Re: Discover CLI

Marz2002 — Fri, 22 Mar 2019 11:29:39 GMT

YOU...

CONGRATS on your AWESOME CLIs and your very SUCCESSFUL Building project!!!

Re: Discover CLI

pinkandgrey — Fri, 22 Mar 2019 13:45:31 GMT

Nice CLI! Congrats!

Re: Discover CLI

Anonymous — Fri, 22 Mar 2019 14:51:53 GMT

Congrats on massive CLI !!!!!

Re: Discover CLI

Anonymous — Fri, 22 Mar 2019 15:31:22 GMT

Congratulations! Discover seems to be in a giving mood lately.

Re: Discover CLI

macinjosh — Fri, 22 Mar 2019 15:56:17 GMT

@Anonymous wrote:
Congratulations! Discover seems to be in a giving mood lately.

Thanks! Yes they have been. That turns into a big advantage for all of us.

Re: Discover CLI

Anonymous — Fri, 22 Mar 2019 20:10:45 GMT

@macinjosh wrote:
@Anonymous wrote:
Congratulations! Discover seems to be in a giving mood lately.
Thanks! Yes they have been. That turns into a big advantage for all of us.

Haha! I guess for the majority but not everyone has been fortunate (speaking for myself) lol. I just paid my balance today since the statement cuts tomorrow. Having read everyone's recent success, I decided to test the waters and got met with a big fat no. Maybe my time will come. But congratulations!

Re: Discover CLI

macinjosh — Fri, 22 Mar 2019 21:32:47 GMT

@Anonymous wrote:
@macinjosh wrote:
@Anonymous wrote:
Congratulations! Discover seems to be in a giving mood lately.
Thanks! Yes they have been. That turns into a big advantage for all of us.
Haha! I guess for the majority but not everyone has been fortunate (speaking for myself) lol. I just paid my balance today since the statement cuts tomorrow. Having read everyone's recent success, I decided to test the waters and got met with a big fat no. Maybe my time will come. But congratulations!

I waited until the day after statement cut. I wonder if that made the difference. You might try the day after and see?

Re: Discover CLI

CreditInspired — Fri, 22 Mar 2019 21:41:39 GMT

Congratulations OP. You’re definitely on the gravy train. A high five to you. Enjoy.

Re: Discover CLI

Anonymous — Fri, 22 Mar 2019 21:45:26 GMT

@Anonymous wrote:
@macinjosh wrote:
@Anonymous wrote:
Congratulations! Discover seems to be in a giving mood lately.
Thanks! Yes they have been. That turns into a big advantage for all of us.
Haha! I guess for the majority but not everyone has been fortunate (speaking for myself) lol. I just paid my balance today since the statement cuts tomorrow. Having read everyone's recent success, I decided to test the waters and got met with a big fat no. Maybe my time will come. But congratulations!

Yep I got that big fat no too 😂

I already said congrats in the Garden Club but I’ll say it again because that’s an awesome CLI. Congrats!

Re: Discover CLI

Anonymous — Sat, 23 Mar 2019 19:08:05 GMT

Yeah they are. I've been working on cleaning/building my credit for 2 years. I just got approved for a discover cash back card with a $1500 limit last week. Got my card in the mail yesterday. I still have no clue how I got approved my Experian is a 665 TU: 604 EX: 591

Capital one wouldn't even prequel me on their site for any cards not even unsecured.

I do have 2 other cards ive had and used perfectly for 8 and 10 months. Milestone and credit one. Both with only $300 limits.

I think discover felt sorry for me lol.

Re: Discover CLI

crys12065 — Sat, 23 Mar 2019 19:54:02 GMT

Congrats on the huge CLI!!

Hoping to get there some day with my Discover, so far they have been generous doubling my SL before 3rd statement so hopeful lol