topic Re: Discover CLI denied in Credit Card Applications

Discover CLI denied

SEAlifer — Wed, 14 Aug 2019 03:10:24 GMT

I just completed three statements with Discover so thought it couldn’t hurt to request an increase, just to lower my utilization. I have a $1,300 balance that I’m holding off on paying as it’s for a business trip that’s yet to be reimbursed and I’ve got the 0% APR for another 9 months. Scores are around 690-700 and income around $100K, current limit’s at $6k. Got denied without a credit check or anything. Are they just a little stingy with CLI for newbies?

Re: Discover CLI denied

AverageJoesCredit — Wed, 14 Aug 2019 03:14:08 GMT

Hit or miss. Took me 2 years plus to even break out of my AJC Special, and im low income. Treat her right and eventually she'll throw you a lifeline

Re: Discover CLI denied

JR_TX — Wed, 14 Aug 2019 03:27:26 GMT

Their CLI is SP on your TU so Just keep trying every month if you like ideally every first monday after your statement cuts and your discover FICO score updates. That’s the best strategy with disco. Oh and don’t forget to DD whenever you get a CLI via luv button.

Re: Discover CLI denied

FinStar — Wed, 14 Aug 2019 03:34:27 GMT

OP, as @AverageJoesCredit mentioned upthread, there's really no rhyme or reason with Discover as far as CLIs go. Anecdotal DPs suggest that usually after 3 months there could be some potential opportunities for growth, but it's not set in stone. Eventually, you may be able to discern some pattern or trend based on your own growth.

And, while it's profile driven, take a look at this very recent thread for context:

https://ficoforums.myfico.com/t5/Credit-Card-Applications/No-LUV-from-Discover/td-p/5710746

All you can do is manage your account diligently and try the CLI again when things are more optimal, but keep your expectations tempered.

Re: Discover CLI denied

SEAlifer — Wed, 14 Aug 2019 03:41:43 GMT

Thanks for the advice. I’m new on here; what does “DD” mean?

Re: Discover CLI denied

JR_TX — Wed, 14 Aug 2019 03:44:53 GMT

@SEAlifer wrote:
Thanks for the advice. I’m new on here; what does “DD” mean?

DD = Double dip

Calling Discover CSR and asking for more within the same day after CLI via luv button is approved.

Re: Discover CLI denied

AverageJoesCredit — Wed, 14 Aug 2019 03:49:20 GMT

DD is my Unicorn.

Re: Discover CLI denied

SEAlifer — Wed, 14 Aug 2019 03:52:56 GMT

Ok cool. Will do.

Re: Discover CLI denied

Anonymous — Wed, 14 Aug 2019 13:30:38 GMT

I agree with Discover being hit or miss. I was successful with 3 or 4 CLI's every 90 days in the beginning and I was denied on the next couple of tries and then I proceeded to try monthly. Once successful, I backed off to 90 days again. I'm due again in September. Will update when attempting again.

Re: Discover CLI denied

CreditInspired — Thu, 15 Aug 2019 00:53:01 GMT

@SEAlifer wrote:
I just completed three statements with Discover so thought it couldn’t hurt to request an increase, just to lower my utilization. I have a $1,300 balance that I’m holding off on paying as it’s for a business trip that’s yet to be reimbursed and I’ve got the 0% APR for another 9 months. Scores are around 690-700 and income around $100K, current limit’s at $6k. Got denied without a credit check or anything. Are they just a little stingy with CLI for newbies?

How long has the card been carrying a balance? Are you making more than minimum payments?

Just asking because I’ve noticed in my specific case, Discover loves seeing balances go down quickly, and I’ve found Disco will reward you if you so so.

GL2U

Re: Discover CLI denied

SEAlifer — Thu, 15 Aug 2019 17:26:42 GMT

@CreditInspired wrote:
@SEAlifer wrote:
I just completed three statements with Discover so thought it couldn’t hurt to request an increase, just to lower my utilization. I have a $1,300 balance that I’m holding off on paying as it’s for a business trip that’s yet to be reimbursed and I’ve got the 0% APR for another 9 months. Scores are around 690-700 and income around $100K, current limit’s at $6k. Got denied without a credit check or anything. Are they just a little stingy with CLI for newbies?
How long has the card been carrying a balance? Are you making more than minimum payments?

Literally just started carrying the balance as of the latest statement. Made the minimum monthly payment for this month with my points. I plan to pay it off in mid-September after I'm reimbursed for some business travel. Good to know, I figured that may be the case.

Re: Discover CLI denied

TruFlavor — Thu, 15 Aug 2019 17:41:00 GMT

I got my Discover it in December I believe. Haven’t carried a balance and have put a few thousand through the card. I requested a CLI and was declined. Income a bit over 100K and over 700 in all bureaus. I’ll try again in a few months. I’m just looking for extra padding for utilization although my overall utilization is around 2% typically across all it’s always good for when you plan to make bigger purchases. I hate when you make a big purchase at the wrong time and although you paid it off a day or 2 after it looks like you carried a balance. That happened on my FU. Have t carried a balance on Disco. As FYI, my SL was 8.5K at around 14.24%. Hang in there and good luck to us all trying for a CLI.

Re: Discover CLI denied

CreditInspired — Thu, 15 Aug 2019 17:44:28 GMT

@SEAlifer wrote:
@CreditInspired wrote:
@SEAlifer wrote:
I just completed three statements with Discover so thought it couldn’t hurt to request an increase, just to lower my utilization. I have a $1,300 balance that I’m holding off on paying as it’s for a business trip that’s yet to be reimbursed and I’ve got the 0% APR for another 9 months. Scores are around 690-700 and income around $100K, current limit’s at $6k. Got denied without a credit check or anything. Are they just a little stingy with CLI for newbies?
How long has the card been carrying a balance? Are you making more than minimum payments?

Literally just started carrying the balance as of the latest statement. Made the minimum monthly payment for this month with my points. I plan to pay it off in mid-September after I'm reimbursed for some business travel. Good to know, I figured that may be the case.

I knew one could use points for a statement credit but didn't know it could be used as the minimum monthly payment. Other CCs don't allow this. IMHO, I suggest when doing this in the future, still pay the minimum payment. Actually, pay more than the minimum payment.

Re: Discover CLI denied

SEAlifer — Thu, 15 Aug 2019 18:48:45 GMT

@TruFlavor wrote:
I got my Discover it in December I believe. Haven’t carried a balance and have put a few thousand through the card. I requested a CLI and was declined. Income a bit over 100K and over 700 in all bureaus. I’ll try again in a few months. I’m just looking for extra padding for utilization although my overall utilization is around 2% typically across all it’s always good for when you plan to make bigger purchases. I hate when you make a big purchase at the wrong time and although you paid it off a day or 2 after it looks like you carried a balance. That happened on my FU. Have t carried a balance on Disco. As FYI, my SL was 8.5K at around 14.24%. Hang in there and good luck to us all trying for a CLI.

Oh wow! You're a much better candidate for an increase so it's like totally random I guess. Alrighty then. Like you I was just looking to be able to show a smaller utilization ratio but I can handle this small hit to my credit score for a month or two.

Re: Discover CLI denied

SFLSpotter9210 — Fri, 16 Aug 2019 00:01:02 GMT

I just made my 5th payment. And hit luv button and was approved. I tried 2 months back like you and no soup for you lol. Good luck in future requests.

Re: Discover CLI denied

TruFlavor — Fri, 16 Aug 2019 22:48:32 GMT

Update! I got letter stating basically my CLI was not approved because I’m not using my existing credit line enough. Go figure! I ran quite a bit through there although I don’t really carry a balance. Hmmm let’s see.

Re: Discover CLI denied

Anonymous — Fri, 16 Aug 2019 23:29:03 GMT

Discover can be stingy at first but they are bi-polar. One month they may deny a cli and the next they are overly generous.

I started at 1,500 last year but now I’m to 9k. One of those CLI was a 1k auto increase.

I wouldn’t look too far into it. They are a great credit company to be in with and they will show you love if you love them back. Sometimes they play bite like a kitty. 😂

Re: Discover CLI denied

SEAlifer — Tue, 20 Aug 2019 00:48:02 GMT

Got the decline letter in the mail today. They said it was due to insufficient experience with my current discover limit, which is fair. I’ve only had 3 full statements so far.

Re: Discover CLI denied

SouthJamaica — Tue, 20 Aug 2019 01:15:31 GMT

@SEAlifer wrote:
I just completed three statements with Discover so thought it couldn’t hurt to request an increase, just to lower my utilization. I have a $1,300 balance that I’m holding off on paying as it’s for a business trip that’s yet to be reimbursed and I’ve got the 0% APR for another 9 months. Scores are around 690-700 and income around $100K, current limit’s at $6k. Got denied without a credit check or anything. Are they just a little stingy with CLI for newbies?

Don't look for patterns in their behavior. Discover CLI "policy" is inscrutable.

Re: Discover CLI denied

SFLSpotter9210 — Tue, 20 Aug 2019 01:19:00 GMT

That’s exactly what was on my denial letter to the T. Try when you post your 5th payment that should be a winner. But then again like everyone says who knows what Discover does lol. Good luck in the future nonetheless.