topic Re: What's up with Discover!?? in Credit Cards

What's up with Discover!??

Anonymous — Mon, 01 Jun 2015 02:01:59 GMT

What is up with such easy CLI increases lately?? I now just got a third 1k increase in like a period of less than 2 months lol

i'm not complaining but it seems too good to be true, just less than a week ago i tried and was denied and now approved for another cli of 1k.

this card is growing faster than i could have ever imagined and credit analyst told me that they are "conservative", started with 3k and now its at $9,600

Re: What's up with Discover!??

chalupaman — Mon, 01 Jun 2015 02:03:56 GMT

@Anonymous wrote:
What is up with such easy CLI increases lately?? I now just got a third 1k increase in like a period of less than 2 months lol
i'm not complaining but it seems too good to be true, just less than a week ago i tried and was denied and now approved for another cli of 1k.
this card is growing faster than i could have ever imagined and credit analyst told me that they are "conservative", started with 3k and now its at $9,600

I can only assume that they've seen what CapOne and other lenders have been doing and trying to compete with them with this. I really hope they keep it up. I'd like to see some more action on my own Discover card.

Re: What's up with Discover!??

revjamesl — Mon, 01 Jun 2015 02:08:19 GMT

Congrats!

Re: What's up with Discover!??

longtime_lurker — Mon, 01 Jun 2015 02:22:42 GMT

@Anonymous wrote:
What is up with such easy CLI increases lately?? I now just got a third 1k increase in like a period of less than 2 months lol
i'm not complaining but it seems too good to be true, just less than a week ago i tried and was denied and now approved for another cli of 1k.
this card is growing faster than i could have ever imagined and credit analyst told me that they are "conservative", started with 3k and now its at $9,600

Old Discover CLI guy/gal was shot in the back of the head in the desert. New Discover CLI guy/gal is attempting to break Discover's internal LUV button.

ALL ABOARD THE GRAVY TRAIN!

Re: What's up with Discover!??

northface28 — Mon, 01 Jun 2015 02:25:14 GMT

@longtime_lurker wrote:
@Anonymous wrote:
What is up with such easy CLI increases lately?? I now just got a third 1k increase in like a period of less than 2 months lol
i'm not complaining but it seems too good to be true, just less than a week ago i tried and was denied and now approved for another cli of 1k.
this card is growing faster than i could have ever imagined and credit analyst told me that they are "conservative", started with 3k and now its at $9,600
Old Discover CLI guy/gal was shot in the back of the head in the desert. New Discover CLI guy/gal is attempting to break Discover's internal LUV button.

ALL ABOARD THE GRAVY TRAIN!

Gravy train with biscuit wheels, onward!!!!

Re: What's up with Discover!??

PokemonMaster — Mon, 01 Jun 2015 02:50:57 GMT

I requested a CLI a few weeks ago and Discover upped me from 5k to 6k. After reading your post I figured what the hell and pulled up a live chat to ask for a CLI. Discover just bumped me up again to 7.5k. But I hate uneven limits so I asked her to knock it down to 7 instead. So, thanks! You got me a CLI.

Re: What's up with Discover!??

hizzaah — Mon, 01 Jun 2015 03:18:37 GMT

I cannot get in on these discover cli everyone is talking about lately. Had my card 18 months and was given a 250 auto increase at ~8 months. I used the card heavily for a few months and pif still no go. Card was sd for 3 months until I decided to take advantage of a balance transfer offer last month. I chatted with them the other day to see if I had any apr offers and they gave me another 12 months of 0% so they can't hate me too much I guess. I just don't want to take a hp for one.

Congrats on your cli's!

Re: What's up with Discover!??

Anonymous — Mon, 01 Jun 2015 04:30:30 GMT

Hizzaah, have you tried the luv button while logged into your account? These things don't work so well via live chat or phone calls. Next time try requesting the CLI from logging into account and do it there. Time yourself 17 days from last time you had it raised. It's been working for many here. BTW, it's a SP, so no harm to your score.

Re: What's up with Discover!??

hizzaah — Mon, 01 Jun 2015 14:03:34 GMT

Yeah, I've tried every ~20 days while logged into my account. I decided to try via chat since I was already asking them about apr offers on my account. I just got approved for the Quicksilver card @$5,000 (highest limit) so maybe that will spur them into upping my limit in the future. I just checked my email and my last limit increase with them was July 2014

Re: What's up with Discover!??

Erusidhion — Mon, 01 Jun 2015 15:43:35 GMT

The Discover CLI fiasco is fun to watch on these forums and over at the sister board, CreditBoards. It's been helping a lot of people out score wise due to utilization. I believe in the saying that higher limits beget higher limits. Also if you always pay on time; whether you carry balances on 0% apr or even pay interest on balances, it looks good to creditors! They're going to be more loyal to those that put a lot of spending through their cards and those that always pay on time showing little risk to extend them credit.

I think I'm up to about x3 my income now and there's no signs of any creditors slowing down on credit limit increases. If you show that you're a responsible borrower; you'll be rewarded with higher limits. Carrying balances won't ever be a problem if you have good payment history built up. Discover gave me a CLI when I had 82% balance. How crazy is that? I am pretty sure it's because of 1.5 total years of on time payments though. I've only had the Discover card since August of 2014.

Repay your debts on time. That's the secret. Nothing else matters unless you're trying to game FICO to maximize your score at a point in time.

Re: What's up with Discover!??

neverrain — Mon, 01 Jun 2015 22:05:17 GMT

I just used it again (did early in April).

Re: What's up with Discover!??

Anonymous — Mon, 01 Jun 2015 22:13:07 GMT

@hizzaah wrote:
I cannot get in on these discover cli everyone is talking about lately. Had my card 18 months and was given a 250 auto increase at ~8 months. I used the card heavily for a few months and pif still no go. Card was sd for 3 months until I decided to take advantage of a balance transfer offer last month. I chatted with them the other day to see if I had any apr offers and they gave me another 12 months of 0% so they can't hate me too much I guess. I just don't want to take a hp for one.

Congrats on your cli's!

I'm in the same boat, they won't budge on my $750 limit, meanwhile, Amex recently bumped me up to $6k! But if I can get in on this double cashback rewards that would help ease the pain a bit

Re: What's up with Discover!??

yfan — Mon, 01 Jun 2015 22:41:41 GMT

I haven't been lucky with the CLI stuff (account open less than a year, and been at $8500 from the start), but I'm still pretty amazed by the double cashback promo. Even aside from the bonus categories, once this kicks in, Discover will be my default non-category card with Citi Double Cash as backup if a place doesn't take Discover.

Re: What's up with Discover!??

Kostya1992 — Tue, 02 Jun 2015 01:04:18 GMT

They probaly bought some serious insurance policy so they throw money at everyone.

Re: What's up with Discover!??

Anonymous — Tue, 02 Jun 2015 01:41:22 GMT

I pushed the LUV button and increased a thousand! I have a 20,000 venture limit that should report this month. After it reports I'm going to give it another shot!

Re: What's up with Discover!??

RandomSpirit — Mon, 15 Jun 2015 00:35:02 GMT

I can not get a CL either. with Discover. Im stuck a $1000. I tried love button 2 times now and all i get is a page that say's something like "may have to check my credit report" so, then I just abort it because i don't want a hard pull. Discover and Tagert (200) are my lowest limits...womp womp

UPDATE: Tried today (6/14/15) and got a 1K cli. woo-hoo! 3rd times a charm!

Re: What's up with Discover!??

kdm31091 — Tue, 02 Jun 2015 12:50:42 GMT

@Anonymous wrote:
What is up with such easy CLI increases lately?? I now just got a third 1k increase in like a period of less than 2 months lol
i'm not complaining but it seems too good to be true, just less than a week ago i tried and was denied and now approved for another cli of 1k.
this card is growing faster than i could have ever imagined and credit analyst told me that they are "conservative", started with 3k and now its at $9,600

I like it, but it does kind of give me pause at the same time. It's just like with Capital One basically giving out huge limits on the Venture. The money is coming from somewhere. Sooner or later some big wig at Discover will realize "oh my, these limits are way too high too soon" and hopefully, none of us are impacted but...there's no free lunch so it does make me worry a bit.

Re: What's up with Discover!??

takeshi74 — Tue, 02 Jun 2015 12:57:45 GMT

@RandomSpirit wrote:
I can not get a CL either. with Discover. Im stuck a $1000.

Discover may have eased up on their CLI requirements but that doesn't mean that they eliminated them entirely.

Re: What's up with Discover!??

baller4life — Tue, 02 Jun 2015 13:05:24 GMT

You can best believe that there are restrictions in place which is why many are getting denials or "need hp" message. Over $20k requires employment verification call. Over $25k requires employment docs. Discover is a billion dollar company and are far from stupid. They haven't just turned on the money spicket for an infinite amount of time. Just because they have loosened the purse strings doesn't mean they have gone bananas.

Re: What's up with Discover!??

kdm31091 — Tue, 02 Jun 2015 13:06:19 GMT

@baller4life wrote:
You can best believe that there are restrictions in place which is why many are getting denials or "need hp" message. Over $20k requires employment verification call. Over $25k requires employment docs. Discover is a billion dollar company and are far from stupid. They haven't just turned on the money spicket for an infinite amount of time. Just because they have loosened the purse strings doesn't mean they have gone bananas.

Exactly. Although they have gotten a bit more lax they certainly haven't abandoned all underwriting like some suggest. And I am sure it will be cyclical. It will end sooner or later.