topic Re: Discover won't grant me any further CLI requests - insufficient experience with current limit? in Credit Card Applications

Discover won't grant me any further CLI requests - insufficient experience with current limit?

Anonymous — Wed, 21 Jun 2017 20:02:11 GMT

Howdy guys. I've had a Discover card since the day I turned 18, it was my first credit card and is my oldest account. I am up to an $8,500 limit with my card and have been requesting a CLI every 31 days and was having great luck ($1,000 to $1,500 increase each time), however I hit a wall 3 months ago that I can't climb over. I have made three requests over the last three months (one per month) and each time was declined, with the only reason being that I have insufficient experience with my current credit line. No issues about income, debt to income, etc., only insufficient experience.

I finally called them on the phone today to see what it is they want to see and the girl I spoke to from the CLI department said they want to see 50% utilization of the credit limit. Surely that's absurd, correct? They want me to spend $4,250 per month on my card before they'll consider me for another CLI request? I'm lucky to spend that in an average year. I can certainly understand their position to decline me because I'm not taking full advantage of the relatively high CL I have already, but I've seen people on these boards with CLs of $15,000 and above.

Any tips or pointers to jump over this barrier or should I just be happy with my current CL?

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

Gmood1 — Wed, 21 Jun 2017 20:06:20 GMT

I'd just chill for a while. They've locked a lot of us out of CLI's. I haven't had one from them in six months. You're not alone..that is for sure! Eventually the gates will open again. I'll be waiting when they do.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

Anonymous — Wed, 21 Jun 2017 20:07:48 GMT

When a creditor gives you a revolving credit line, they have to have access to that money to pay your retailers. So your $8000 credit limit means Discover has to sit on a reserve ratio that backs up $8000 you could spend to give to retailers.

If you aren't using $8000, they aren't making merchant processing fees and interest profits so the money they have sitting in a bucket with your name on it makes them nothing. They can give CLIs to people who make them money, but you aren't using your portion so they see no reason to help you out with utilization for the cards you do use.

Re: Discover won't grant any further CLI requests - insufficient experience with current limit?

Anonymous — Wed, 21 Jun 2017 20:08:47 GMT

Short answer: stay happy with your current limit for a while.

I'm not certain, but I think Discover is now (and may have been for some time already, I wouldn't know that) on a 6-month CLI pattern. In other words, CLIs at six months after the last one, assuming score/income/history stays good. I haven't tried for one in a long time lol

That being said, there is also a "ceiling" put in place by any lender on how much can be extended based on whatever their own weird set of requirements are - income, score, inquiries, recent accounts, weather, angle of the leaning tower of Pisa divided by pi, whatever - beyond which a given file will not be extended more credit until the person gains/loses whatever it is that is standing in the way. Not sure how long it's been since you turned 18, or what your income range is, but that may be affecting your chances too.

Re: Discover won't grant any further CLI requests - insufficient experience with current limit?

austinguy907 — Wed, 21 Jun 2017 20:22:41 GMT

Your issue coincides with the fix they did back on 3/29 that was primarily Secured accounts not being able to request a CLI w/o being prompted for an additional deposit even though the majority of the account holders had already gotten at least one CLI since graduating.

It's funny though that they said to use 50% or more of your CL to get another CLI which contradicts my persoal experience over the last 2 years with them. Prior to the 3/29 issue they had given me 18K+ in CLI's the prior 4 months of requests. My year end with them for 2016 was shy of 6K for the year in spend.

I personally think that when they fixed things over there they changed something in the process since the well has been dry for most of us beyond 20K CL's. Lower limits seem to be about 50/50 right now for CLI's w/ most of the denials coming back with the insufficient experience reason on the letters. My theory for most higher accounts is that the clock reset for everyone that had been on the 30/60/90 day cycles and they also got rid of the manual 2-day review messages after the fix.

Some have reported though that after the denial they login a few days later and see a spontaneous CLI appear. I think the CSR might have been reaching for a reason and ended up with the 50% number to pacify you on the call. Disco has been pretty solid though on communication with being upfront about things but, this one is a curveball. I would just sit tight for a little bit and not get too frustrated with the CLI experience until we start seeing some momentum again.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

AverageJoesCredit — Wed, 21 Jun 2017 20:40:36 GMT

Disco has the cli train down for maintenance. I wouldnt put stock into whatever the letters you get say. When they are ready to give a cli again they will. Continue to hulk smash the button, eventually the streak will end

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

CreditCuriosity — Wed, 21 Jun 2017 22:03:14 GMT

IMO they are doing what Cap1 started doing... If you aren't using the CL or a good portion of it what motive do they have to increase it? It adds additional risk to them and their shareholders. Basically the same reason Cap1 started to give a year or so ago and is still giving. Both Cap1 and Discover saw a huge uptick in charge-offs/bad debt and most likely is reacting to this and thus the train is broken currently for most whether you are > 20k or less than 20k. Some above 20k has got CLI and some below 20k mark have got CLI. Saying 50% of people below 20k get them is just a guess at best other then the little information you see on this forum. Sure more people are seeing them on lower CL's as can be seen on the forum, but plenty aren't as well. Whether Discover loosen up again is anyone guess and so many factors play into whether they would do this we could only speculate. All we know is something has changed for sure whether it is good or bad (good for discover probably and bad for us that are impacted by it).

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

Anonymous — Wed, 21 Jun 2017 22:45:40 GMT

My case is the opposite. BoA keeps giving me cli that I dont want or need.

If you dont need more than what you have why ask for more?

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

AverageJoesCredit — Wed, 21 Jun 2017 23:52:43 GMT

Ill take your unwanted cli .

Most people dont actuslly need more cli from Disco but it sure is fun trying

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

Anonymous — Thu, 22 Jun 2017 01:00:08 GMT

@AverageJoesCredit wrote:
Ill take your unwanted cli .

Most people dont actuslly need more cli from Disco but it sure is fun trying

I'll trade for a CFU.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

ChargedUp — Thu, 22 Jun 2017 01:43:21 GMT

They're lying... My Discover is at $11K. I've ran it up to $8500, paid it down to under $1K, then back up to just a hair under $9K and paid it down to ~$2500. They gave me the same excuse last time I hit the luv button.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

pipeguy — Thu, 22 Jun 2017 01:50:39 GMT

@Gmood1 wrote:
I'd just chill for a while. They've locked a lot of us out of CLI's. I haven't had one from them in six months. You're not alone..that is for sure! Eventually the gates will open again. I'll be waiting when they do.

+10 this !

I've been turned down the last 3 attemps too, although my CL is pretty good now, its far from my highest.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

SouthJamaica — Thu, 22 Jun 2017 02:17:42 GMT

@Gmood1 wrote:
I'd just chill for a while. They've locked a lot of us out of CLI's. I haven't had one from them in six months. You're not alone..that is for sure! Eventually the gates will open again. I'll be waiting when they do.

Me too. I just pulled the lever at the 4 month mark and got the response "not at this time"

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

joltdude — Thu, 22 Jun 2017 16:20:40 GMT

Im another one in the Not enough exp camp... but im almost at the 6mo mark so.....

-J

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

Benzman — Fri, 23 Jun 2017 04:29:41 GMT

I was always on the 90 day train, but nothing more for me since the beginning of Feb.

Re: Discover won't grant any further CLI requests - insufficient experience with current limit?

SunriseEarth — Fri, 23 Jun 2017 06:45:58 GMT

@austinguy907 wrote:
Your issue coincides with the fix they did back on 3/29 that was primarily Secured accounts not being able to request a CLI w/o being prompted for an additional deposit even though the majority of the account holders had already gotten at least one CLI since graduating.

It's funny though that they said to use 50% or more of your CL to get another CLI which contradicts my persoal experience over the last 2 years with them. Prior to the 3/29 issue they had given me 18K+ in CLI's the prior 4 months of requests. My year end with them for 2016 was shy of 6K for the year in spend.

I personally think that when they fixed things over there they changed something in the process since the well has been dry for most of us beyond 20K CL's. Lower limits seem to be about 50/50 right now for CLI's w/ most of the denials coming back with the insufficient experience reason on the letters. My theory for most higher accounts is that the clock reset for everyone that had been on the 30/60/90 day cycles and they also got rid of the manual 2-day review messages after the fix.

Some have reported though that after the denial they login a few days later and see a spontaneous CLI appear. I think the CSR might have been reaching for a reason and ended up with the 50% number to pacify you on the call. Disco has been pretty solid though on communication with being upfront about things but, this one is a curveball. I would just sit tight for a little bit and not get too frustrated with the CLI experience until we start seeing some momentum again.

The train has definitely slowed down. I was on the 90 day express myself until then. With the 3/29 fix, I'm wondering if the train will start back up in July?

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

Anonymous — Fri, 23 Jun 2017 07:05:53 GMT

Honestly, discover is one of the more strict credit card issuers, we should all know this by now. I think with 8k you should be happy, a lot of folks well over 6 & 700, clean, still receive denials from Discover.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

python0704 — Fri, 23 Jun 2017 12:46:25 GMT

Just received the letter from Discover about DW's declined CLI, reason is also insufficient experience with current credit line. Last CLI in May(~80 days) from $2500 to $5000. Will try again at 170 days.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

K-in-Boston — Fri, 23 Jun 2017 13:32:51 GMT

Certainly seems to be an extension now of whatever the previous CLI timing buckets were. Wife was on a 60-day cycle for about the past year (for the first 21 years she only got random auto CLIs and never asked for one), and after 4.5 months still getting 3-5 day message with "insufficient experience with current credit limit" letter. I was on a 90-day cycle, and I tried at 60-something and yesterday after the perfect storm of 90 days passed since last CLI, 12th statement, and payment in full... and still got the 3-5 day message which will get the same letter.

I was really hoping to have my Discover in the 25-30k range by now so that I can begin to plan for end-of-year balance transfer shuffling.

Re: Discover won't grant me any further CLI requests - insufficient experience with current limit?

Anonymous — Fri, 23 Jun 2017 16:04:06 GMT

Discover just seems to not like me. I started out with $800 CL in December. Received $500 AUTO CLI on March 22nd went in same day pressed the love button another $300. I have tried evrey 30 days since, denial.

Finally tried again this morning offered $300.

I canceled the request in hopes that maybe it'll be higher in 31 days.

This card is my lowest CL.

I guess I'm on the 90 day slow train.