topic Re: Discover It card denied AGAIN for CLI in Credit Card Applications

Discover It card denied AGAIN for CLI

Anonymous — Sun, 10 Apr 2016 20:36:12 GMT

So I've had this card for 8 months or so, started with a $1400 limit, but after a few months they dropped my limit to $1050, due to my credit score drop from all the other cards I applied for. That really ticked me off, but whatever, so I tried a CLI a while ago, denied due to credit score, well I just tried again, now that my Fico scores are in the 680 range. Denied AGAIN, I have a zero balance on this stupid card and have never maxxed it out, always made payments BEFORE they were due, and then paid it off. WHAT ON EARTH DOES DISCOVER WANT FROM ME? I'm so ticked off I feel like closing the card, I mean, a $1050 limit really is not doing me any favors....my Amex is higher than that, and every other card I have......

Re: Discover It card denied AGAIN for CLI

shakalaka — Sun, 10 Apr 2016 20:38:27 GMT

Discover can be very good to you. But you need patience and some history with them. Then they will grow and once you scores are above 760 they can grow a lot more.

Re: Discover It card denied AGAIN for CLI

XxRaVeNxX1 — Sun, 10 Apr 2016 20:40:02 GMT

Just because you applied to do different cards, isn't a reason they would slash your credit limit... You probably have used over 50% on some of your other cards and they are getting nervous.

You should be glad you even have the card....a score typically has to be above 700, since Discover is seen as a non subprime card...

Re: Discover It card denied AGAIN for CLI

pip3man — Sun, 10 Apr 2016 20:45:12 GMT

Mom I've had mine a little over 2yrs with an original SL of $1500. For the life of it, it hasn't seen an increase except during the gravy train that brought it up to $3k where it has remained till date. The annoying part is when I be seeing folks getting $6k increases and all that good good but im here hoping for a $500 love from them that never seems to come. So your definitely not alone...

Re: Discover It card denied AGAIN for CLI

XxRaVeNxX1 — Sun, 10 Apr 2016 20:47:42 GMT

Wow that's odd....mister-endowed...Since you have better scores than me, yet they gave me a higher CL when I applied this morning...

Re: Discover It card denied AGAIN for CLI

Anonymous — Sun, 10 Apr 2016 20:54:40 GMT

@XxRaVeNxX1 wrote:
Wow that's odd....mister-endowed...Since you have better scores than me, yet they gave me a higher CL when I applied this morning...

Credit scores are just one factor in determining starting limits. Several others have just as much effect, if not more, in determining a starting limit.

Re: Discover It card denied AGAIN for CLI

shakalaka — Sun, 10 Apr 2016 20:58:05 GMT

Mine was also 1.5k limit and did not move for a year. Now it is 4 years and I couldn't be happier. Also thy like heavy usage and have no problem with using the BT offers. Of course I always PIF and/or big junks of the BT balance.

Re: Discover It card denied AGAIN for CLI

Anonymous — Sun, 10 Apr 2016 21:02:41 GMT

I got this card 13 months ago. I have not seen a CLI either and have asked. They started me at 12,500 and since it is interest free, I have only made minimum payments. Soon the interest will start and I will have to pay it. Ugh. They rejected my 3 CLI requests no hard pull. I need to learn the CLI secret.

Re: Discover It card denied AGAIN for CLI

Anonymous — Sun, 10 Apr 2016 22:07:09 GMT

Well I started with Discover about a year and a half ago they approved me for $750 at the start then almost every three months I ask for a CLI without pulling my credit report and they keep raising it so far my credit limit with them is $14,250. Also asked for a lower APR and they lowered it by like 2%. Anyway long story short use the card but no more then $300 I have my phone bill and Netflix on this card for automatic payments and never had a higher balance then $800 and they never denied my CLI. Good Luck.
P.S. When they ask you about income say like $70,000 or something.

Re: Discover It card denied AGAIN for CLI

UncleB — Sun, 10 Apr 2016 22:41:56 GMT

@Anonymous wrote:
So I've had this card for 8 months or so, started with a $1400 limit, but after a few months they dropped my limit to $1050, due to my credit score drop from all the other cards I applied for. That really ticked me off, but whatever, so I tried a CLI a while ago, denied due to credit score, well I just tried again, now that my Fico scores are in the 680 range. Denied AGAIN, I have a zero balance on this stupid card and have never maxxed it out, always made payments BEFORE they were due, and then paid it off. WHAT ON EARTH DOES DISCOVER WANT FROM ME? I'm so ticked off I feel like closing the card, I mean, a $1050 limit really is not doing me any favors....my Amex is higher than that, and every other card I have......

I'm sorry your having issues with Discover. They certainly can (and do) 'play favorites' when it comes to giving out starting credit lines and CLIs. While I got a manageable initial credit line, they seem to be 'all over the place' and definitely go by more than just credit score. I've also been limited to $500 CLIs, but in my case it's likely because I'm carrying a balance of a few thousand dollars due to a 0% BT offer a few months ago.

One thing that I do want to point out about your situation is that while your new accounts might be a factor in their decision, I don't think it's the 'major' factor. I say this since when I got my Discover card I had added several new accounts, and have added a few since, and they haven't been concerned. Also, while adding new accounts can cause your score to drop a few points temporarily, it rarely makes a difference large enough to cause a creditor to CLD you. While 680 isn't a bad score, it does tell me you likely have some things other than new accounts holding you back. It's likely that Discover was concerned about those issues more so than the new accounts.

While it definitely sucks that you're now working with a lower credit line, if it were me I would simply use the 'lemons' to make 'lemonade'. Use the heck out of the card, and reap the cash rewards as often and as heavy as you can. That will ensure that the account remains valuable to you, and it will help to build positive history with Discover. I predict that with a little time (and patience) your account will rebound, and you'll likely end up even better off than you were before.

Re: Discover It card denied AGAIN for CLI

Chris679 — Sun, 10 Apr 2016 22:43:55 GMT

Wait a year and try again

Re: Discover It card denied AGAIN for CLI

9CLINE — Sun, 10 Apr 2016 23:10:56 GMT

In all honesty it really hasn't been that long......

It'll be ok....keep trying and look at advice here and you'll get there.....

Re: Discover It card denied AGAIN for CLI

Anonymous — Mon, 11 Apr 2016 03:37:21 GMT

Looking at it from the issuer's perspective, I'd have to think a couple things are important. First, income, while relatively less important in approval for a card, becomes more important in terms of ability to pay. And these guys do want to make sure they get paid. Second, have you used the CL you have "substantially"? I mean, an account where you run it up close to the limit, then pay off, perhaps several times is one more compelling for a CLI than one where you don't use it or just charge a few insignificant things. These guys are also looking at getting something back on the CL they do commit to. As far as personal history, I don't have much to contribute. I've had a Discover It for quite a few years, my CL is $8K and I honestly can't recall whether I started lower and got it raised or started right there. I do know I got a call from them a few years ago trying to get me to use it more. Good luck.

Re: Discover It card denied AGAIN for CLI

Joesh — Mon, 11 Apr 2016 19:57:28 GMT

Is it true that you can request multiple CLIs on a Discover IT within a small windows (a week or so?) I thought I rememeber people reporting they did that with success. Can someone point me towards that thread or verify?

Re: Discover It card denied AGAIN for CLI

Anonymous — Mon, 11 Apr 2016 22:38:22 GMT

Also, is it safe to assume that I won't receive a CLI during the interest free period? I am at max utilization but is there a way to position this to their benefit?

Re: Discover It card denied AGAIN for CLI

satasat360 — Mon, 11 Apr 2016 22:46:03 GMT

@pip3man wrote:
Mom I've had mine a little over 2yrs with an original SL of $1500. For the life of it, it hasn't seen an increase except during the gravy train that brought it up to $3k where it has remained till date. The annoying part is when I be seeing folks getting $6k increases and all that good good but im here hoping for a $500 love from them that never seems to come. So your definitely not alone...

You need patience and you may need to show steady decrese in util % or increase in score. I started with 750 limit and they gave me 250 increase around 6 months mark and they didnt increase until 14 months. On my 15th month my TU FICO increase from 700 to 735 due to my balance reduced less than 10% from over 20% and they gave me auto increase to 5000. After that I got the increases every alternate month and keeps on reducing my util and i'm at 27k CL in 27 months of holding the card. BTW my current TU FICO is 777 and util is 1%.

Re: Discover It card denied AGAIN for CLI

satasat360 — Mon, 11 Apr 2016 22:48:33 GMT

@Joesh wrote:
Is it true that you can request multiple CLIs on a Discover IT within a small windows (a week or so?) I thought I rememeber people reporting they did that with success. Can someone point me towards that thread or verify?

A week will not work now, you have to show atleast a month history with current SL

Re: Discover It card denied AGAIN for CLI

UncleB — Mon, 11 Apr 2016 22:50:48 GMT

@Anonymous wrote:
Also, is it safe to assume that I won't receive a CLI during the interest free period? I am at max utilization but is there a way to position this to their benefit?

I'm still in my 0% new account promo period and I'm carrying a significant balance transfer ($3k) and I've received two CLIs.

They were only $500 each, but I was pleased nonetheless since my payments so far have only been modest (no need to make big payments as long as the APR is 0%).

I feel if my payments had been a larger percent of my balance the CLIs likely would have been more generous, but that's just my speculation. YMMV.

Re: Discover It card denied AGAIN for CLI

Anonymous — Fri, 15 Apr 2016 16:03:57 GMT

I basically had it up to 12500 in the first month and now just do the minimum since interest free. I was considering saying something like, I plan to pay it off when Interest free ends and not use it again (obv. In a nicer way) . If you want to increase my limit then you will get some money off this thing bc not likely to pay off more than 12500 at once.

Re: Discover It card denied AGAIN for CLI

Anonymous — Fri, 15 Apr 2016 16:39:41 GMT

@Anonymous wrote:
Looking at it from the issuer's perspective, I'd have to think a couple things are important. First, income, while relatively less important in approval for a card, becomes more important in terms of ability to pay. And these guys do want to make sure they get paid. Second, have you used the CL you have "substantially"? I mean, an account where you run it up close to the limit, then pay off, perhaps several times is one more compelling for a CLI than one where you don't use it or just charge a few insignificant things. These guys are also looking at getting something back on the CL they do commit to. As far as personal history, I don't have much to contribute. I've had a Discover It for quite a few years, my CL is $8K and I honestly can't recall whether I started lower and got it raised or started right there. I do know I got a call from them a few years ago trying to get me to use it more. Good luck.

This makes perfect sense. Except when it comes to Discover. First, my latest CLI put my limit at over 50% of my annual income. Second, I hardly spend any money on the card and my last two CLIs were $5000 and $4500. With Discover you can throw out all the theories.