topic Re: Discover CLI Question in Credit Card Applications

Discover CLI Question

Neutron — Wed, 16 Dec 2020 05:09:42 GMT

My FICO score on Discover.com shows scores from 10/13 and 11/13. Nothing updated for 12/13 or at all this month. My scores have all increased substantially since 11/13. I went from 99% Util down to around 12%. When I check my reports I see that they SP TU and EQ on 12/3 and 12/10 respectively. So my question is if I hit the CLI button, will they use the outdated score that I see on their site when I check, or will they use the scores from their most recent SP according to my reports? I'm itching to hit that button! Please advise! Thanks.

Re: Discover CLI Question

Anonymous — Wed, 16 Dec 2020 07:37:04 GMT

curious about this question too. i thought you could request an increase after 6 months but so far, Discover says I can't.

Re: Discover CLI Question

Iusedtolurk — Wed, 16 Dec 2020 08:21:31 GMT

@Anonymous wrote:
curious about this question too. i thought you could request an increase after 6 months but so far, Discover says I can't.

I believe the 6 month cli request was pre-pandemic.

It appears to be a consensus as of now that Discover will only consider a cli for new accounts that age a year.

Re: Discover CLI Question

Doodlebug30 — Wed, 16 Dec 2020 13:27:28 GMT

I opened my discover card in October of this year and I was chatting with an agent about something else but then I did ask when I'm able to request a CLI (just for future reference) and they confirmed that after the account has hit 1 year of age. So new accts are def 12 months now 😫

Re: Discover CLI Question

Iusedtolurk — Wed, 16 Dec 2020 13:40:58 GMT

@Doodlebug30 wrote:
I opened my discover card in October of this year and I was chatting with an agent about something else but then I did ask when I'm able to request a CLI (just for future reference) and they confirmed that after the account has hit 1 year of age. So new accts are def 12 months now 😫

Mines just hit 1 year so I'm waiting on my matching cashback payout. They say I should get it on Dec19th. Fingers crossed for an auto increase along with it.

Gonna wait awhile before I request one. Only put about an average monthly spend of 50% of initial credit line since I've had it.

Re: Discover CLI Question

Ficoproblems247 — Wed, 16 Dec 2020 14:45:30 GMT

@Neutron wrote:
My FICO score on Discover.com shows scores from 10/13 and 11/13. Nothing updated for 12/13 or at all this month. My scores have all increased substantially since 11/13. I went from 99% Util down to around 12%. When I check my reports I see that they SP TU and EQ on 12/3 and 12/10 respectively. So my question is if I hit the CLI button, will they use the outdated score that I see on their site when I check, or will they use the scores from their most recent SP according to my reports? I'm itching to hit that button! Please advise! Thanks.

Mine updates 5 days after the TU pull. They pull my report on the 10th of every month, and I am able to view the updated report on Disco's website/app on the 15th. Idk if this is standard procedure for everyone, or if this is a YMMV situation. If it's standard and they pull your report on the 13th, then in theory you should be able to view it on the 18th. HOWEVER, this is Disco, so if you get overzealous and smash the luv button early and they say "No Disco luv for you," it doesn't matter. Just wait another couple of weeks or a month and hit it again. I'd wait 2 days, see if it updates. If it does, request the CLI. If it doesn't, request the CLI anyway. Good luck and let us know how it pans out!

Re: Discover CLI Question

Anonymous — Wed, 16 Dec 2020 15:57:07 GMT

I would wait until you see the update on your account with the new Fico score. This way you know that they'll be using that for your CLI request, where if you request early perhaps they are still using your old data.

Re: Discover CLI Question

lyTENciL — Thu, 17 Dec 2020 06:28:22 GMT

You'll have to wait 12 months from account opening - 1st day of 13th month to be exact. Let's hope they loosen up that policy before your one year.

I opened mine Jan, so I'm almost there! Every time I contact them about something else I ask if CLI policy has changed, and it's always nope. This last specialist did sound very encouraging though. Said things like my limit is low "for now," and I'm eligible soon, etc. I plan to ask for 10K

Re: Discover CLI Question

Anonymous — Thu, 17 Dec 2020 14:57:58 GMT

@lyTENciL wrote:
You'll have to wait 12 months from account opening - 1st day of 13th month to be exact. Let's hope they loosen up that policy before your one year.

Since when did this become a thing? I'm quite sure I've read about plenty of people reporting CLIs very early on with their accounts, certainly less than 1 year.

Re: Discover CLI Question

Ficoproblems247 — Thu, 17 Dec 2020 17:09:56 GMT

@Anonymous wrote:
@lyTENciL wrote:
You'll have to wait 12 months from account opening - 1st day of 13th month to be exact. Let's hope they loosen up that policy before your one year.

Since when did this become a thing? I'm quite sure I've read about plenty of people reporting CLIs very early on with their accounts, certainly less than 1 year.

It's their policy since the pandemic hit. I'd say they implemented that maybe 6-8 months or so ago now, unfortunately.

Re: Discover CLI Question

lyTENciL — Thu, 17 Dec 2020 18:07:34 GMT

@Anonymous wrote:

Since when did this become a thing? I'm quite sure I've read about plenty of people reporting CLIs very early on with their accounts, certainly less than 1 year.

I was first told about this in April 2020. One rep said it has been in place since March, but I'm not sure about that. Were any of those reports from people with young accounts during this pandemic?

Re: Discover CLI Question

Anonymous — Thu, 17 Dec 2020 21:45:41 GMT

Definitely. Perhaps start thread in the approvals section and ask for anyone that's received a Discover CLI in 2020 that opened their account in 2020 to reply. I know just a week or so ago someone posted about a CLI following their 7th statement. I''m quite sure there are many more examples in the approvals section if you did some digging, but probably easier to just start a thread and let them come to you.

Re: Discover CLI Question

FinStar — Thu, 17 Dec 2020 23:46:21 GMT

@Anonymous wrote:
Definitely. Perhaps start thread in the approvals section and ask for anyone that's received a Discover CLI in 2020 that opened their account in 2020 to reply. I know just a week or so ago someone posted about a CLI following their 7th statement. I''m quite sure there are many more examples in the approvals section if you did some digging, but probably easier to just start a thread and let them come to you.

Just FYI - the Approvals forum would not be the suitable placement or location for this suggestion. Any CLI data points are typically tracked in the Applications subforum.

Re: Discover CLI Question

Anonymous — Fri, 18 Dec 2020 01:13:00 GMT

Good call on the location of a thread if he were to want to start one. In terms of him searching for the data he's interested in however, the approvals section would be the place to go.

Re: Discover CLI Question

lyTENciL — Fri, 18 Dec 2020 02:00:29 GMT

@Anonymous

I've searched "Disco/Discover" "CLI" and only saw posts referring to CLIs on secured card graduation. I think that's one post you are referring to? Everyone else getting CLIs lately has accounts over one year. Happy to have a link to reference, as I could not find one.

Re: Discover CLI Question

Anonymous — Fri, 18 Dec 2020 03:02:20 GMT

The search function doesn't usually do justice. You'd be better off just scrolling through the pages. Are you looking for only self-initiated CLIs in the first year, or any CLIs (auto) in the first year?

Re: Discover CLI Question

FinStar — Fri, 18 Dec 2020 05:32:14 GMT

@Anonymous wrote:
Good call on the location of a thread if he were to want to start one. In terms of him searching for the data he's interested in however, the approvals section would be the place to go.

Correct. Although both the Approvals and Applications subforums would likely yield those DPs.

If the OP optimizes the search function by Date, it should display the most recent and relevant results. Alternatively, OP can obtain more specific DPs (as you suggested) if they create a new thread specific to 2020 Discover CLIs (post March).

Re: Discover CLI Question

lyTENciL — Fri, 18 Dec 2020 19:20:54 GMT

@Anonymous wrote:
The search function doesn't usually do justice. You'd be better off just scrolling through the pages. Are you looking for only self-initiated CLIs in the first year, or any CLIs (auto) in the first year?

There's nothing. I'm afraid you're mistaken.

Re: Discover CLI Question

FalconSteve — Sat, 19 Dec 2020 01:23:49 GMT

@Neutron wrote:
My FICO score on Discover.com shows scores from 10/13 and 11/13. Nothing updated for 12/13 or at all this month. My scores have all increased substantially since 11/13. I went from 99% Util down to around 12%. When I check my reports I see that they SP TU and EQ on 12/3 and 12/10 respectively. So my question is if I hit the CLI button, will they use the outdated score that I see on their site when I check, or will they use the scores from their most recent SP according to my reports? I'm itching to hit that button! Please advise! Thanks.

The new one will already be in their system, they just aren't showing it to you yet

Re: Discover CLI Question

randomguy1 — Mon, 21 Dec 2020 22:32:56 GMT

I was receiving a Discover CLI quote often before my last one in 3/20. I have not received a CLI since 3/20.

From my personal data points, Discover uses your credit score from the last one they pulled from you. They do not use an up to date one if your credit score changed from that date.

Example:

1/10 - Discover FICO score generated

1/15 - Experian indicates score increase of 10 points

1/17 - Discover CLI - Same score as 1/10. I tested this quite a few times and the letters I have received always have yielded the Discover monthly credit score.