topic Re: Discover CLI in Credit Cards

Discover CLI

Anonymous — Wed, 20 Jan 2016 06:31:37 GMT

Discover wants to hard pull my credit for an increase. Every time I request online it askes for permission and I cancel.

Will this changed?

Re: Discover CLI

Anonymous — Wed, 20 Jan 2016 08:38:41 GMT

Nope, it'll continously show up until you agree to hp.

Re: Discover CLI

Anonymous — Wed, 20 Jan 2016 13:20:04 GMT

@Anonymous wrote:
Nope, it'll continously show up until you agree to hp.

This above ^^^^... What is your limit on the card if you don't mind me asking?

Re: Discover CLI

newhis — Wed, 20 Jan 2016 14:52:06 GMT

@Anonymous wrote:
Discover wants to hard pull my credit for an increase. Every time I request online it askes for permission and I cancel.

Will this changed?

I only have that option after my last SP CLI more than 14 months ago, but at least they did a big auto-CLI last month (3.5->9). I'm sure I canceled each time and tried around 25-30 times.

Re: Discover CLI

takeshi74 — Wed, 20 Jan 2016 14:55:51 GMT

@Anonymous wrote:
Discover wants to hard pull my credit for an increase. Every time I request online it askes for permission and I cancel.

Will this changed?

Probably not. Which is more important to you?

Re: Discover CLI

Anonymous — Thu, 21 Jan 2016 00:54:52 GMT

Current limit is 2200.

Re: Discover CLI

Anonymous — Thu, 21 Jan 2016 02:05:40 GMT

I got the HP notice on my first several attempts. Always canceled. It eventually changed to SP. Here's the deal, though. After one of my cancels I got an auto bump of $250. After that is when the SP started showing.

Re: Discover CLI

Anonymous — Thu, 21 Jan 2016 02:07:40 GMT

@Anonymous wrote:
Current limit is 2200.

Ok.. If it is a new account, just keep using it and don't ask for a CLI for a while. Then after 6 months, try the CLI to see if it will still be a hardpull....

Re: Discover CLI

Anonymous — Fri, 22 Jan 2016 04:32:46 GMT

I've had the account since April 2014

Re: Discover CLI

Anonymous — Thu, 03 Mar 2016 05:58:51 GMT

So my friend clicked the button hoping to get a CLI. She has the card for about a year an a half and has only gotten a couple tiny auto increases so far. The last one was last summer and her CL is still less than 1K. She doesn't use the card that much, but recently she went to about 50% and then paid off half of it. I thought she'd have pretty good chances to get a CLI so I told her to go for it. Unfortunately, she got a message that they need to access her report. I assumed that this meant a hard pull, so we backed off. So my question is, had she agreed, would it be a HP indeed?

Re: Discover CLI

FinStar — Thu, 03 Mar 2016 06:04:35 GMT

@Anonymous wrote:
So my friend clicked the button hoping to get a CLI. She has the card for about a year an a half and has only gotten a couple tiny auto increases so far. The last one was last summer and her CL is still less than 1K. She doesn't use the card that much, but recently she went to about 50% and then paid off half of it. I thought she'd have pretty good chances to get a CLI so I told her to go for it. Unfortunately, she got a message that they need to access her report. I assumed that this meant a hard pull, so we backed off. So my question is, had she agreed, would it be a HP indeed?

Yes, that would've been likely a HP. An established pattern of moderate usage coupled with her overall credit profile (since Discover will do an AR via SP) then it's iikely to yield a better outcome over time. If she's barely using it, then there is really no incentive for Discover to grant a higher CL.

Re: Discover CLI

Anonymous — Thu, 03 Mar 2016 07:44:44 GMT

She's using the card every month, the low limit doesn't allow much heavier usage anyway. So when does it make sense for her to try again? Would it make sense to hit the button every week, or should she wait?

Re: Discover CLI

Anonymous — Thu, 03 Mar 2016 13:55:35 GMT

hit the button ever week? no. that's excessive. and the limit shouldn't dictate normal use. it's okay to pay it more than once a month...

Re: Discover CLI

newhis — Thu, 03 Mar 2016 15:16:59 GMT

@Anonymous wrote:
She's using the card every month, the low limit doesn't allow much heavier usage anyway. So when does it make sense for her to try again? Would it make sense to hit the button every week, or should she wait?

As others said, she can pay every 2 weeks so she can use it more. I think a good time to ask is when a new FICO score is generated, maybe after a few days of that so they can update her internal profile. Some people say that they try every 31 days. Good luck.

Re: Discover CLI

Kevin86475391 — Thu, 03 Mar 2016 15:29:17 GMT

@newhis wrote:
@Anonymous wrote:
She's using the card every month, the low limit doesn't allow much heavier usage anyway. So when does it make sense for her to try again? Would it make sense to hit the button every week, or should she wait?
As others said, she can pay every 2 weeks so she can use it more. I think a good time to ask is when a new FICO score is generated, maybe after a few days of that so they can update her internal profile. Some people say that they try every 31 days. Good luck.

I think this is good advice. If she wants to keep trying I think it's probably best to only do it about once a month and after a new score has generated so that they have new info to work with.

Regarding payment, everyone's got their own preferences for paying bills, but personally even though I'm never anywhere near my limits and utilization isn't a concern, I still like to PIF my cards - and check for and pay other bills - every week. It helps me better track spending and stay on top of my finances.Definitely if she wants to use the card more she could do weekly or biweekly payments.

Re: Discover CLI

Anonymous — Thu, 03 Mar 2016 18:12:30 GMT

She pays more than once if necessary to keep her utilization low. It's just that with less than 1K you can't make a big purchase if you need to. I hoped that since she hasn't gotten any CLI in so long and her CL was so low and she was regularly using the card, she would get an increase if requested. I was obviously wrong. I tried for an increase in my account as well, but got the same message, they need to pull my CR. I guess no luv for us from Discover. Anyway my limit is higher so that's ok.

Re: Discover CLI

MyLoFICO — Thu, 03 Mar 2016 19:34:13 GMT

@Anonymous wrote:
It's just that with less than 1K you can't make a big purchase if you need to.

Oh yeah you can. Have her pay her bills with it. Mortgage and car might be a challenge but most every other bill will let you pay with a card. I pay my cell phones with mine and then use it for lunh and whatnot. $200 limit and I pay it 3 times a month so far. You have to get creative. Just don't have a balance or be over the limit when they report to the CRA's.

Edit: nevermind, I see what you mean now. You mean like a 2K purchase.

Re: Discover CLI

Anonymous — Thu, 03 Mar 2016 20:09:40 GMT

Discover was a strange one for me. One of my older cards and they would barely give me increases and wanted HP's. After several years it had gone from 1k to just over 2k. Then over the last year it has gone 2k to almost 12k, it seems once they are comfortable they will give the increases, until then they play pretty conservative.