topic Re: Advice on Discover CLI? in Credit Cards

Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 00:01:53 GMT

My Discover was opened about 6 months ago. I need some information about Discover CLI. They won't give me increase before 91 days and the increases are only for $500. I seen some post saying they get increase more often then 91 days? I'm I doing something wrong here? Decline reasons are inexperience with current limit.

Re: Advice on Discover CLI?

NRB525 — Mon, 15 Feb 2016 00:22:01 GMT

How heavily are you using the current limit?

With only 6 months total history on the card, it could be that Discover is comfortable with the $2,500 limit for now.

I don't think Discover considers the limits on other CC when deciding on the CLI amount.

I had a temporary CLI to $8k, which expired in early May 2015. The CL went back down to $5k at that time (technically a CLD). I had used that $8k very heavily, over 95% utilization at points, with BT and charges.

I requested a CLI on May 16, got $1,000, to $6,000. Bummed because I thought they liked pushing the $8k limit and paying it down.

Requested an APR reduction soon after that, which was denied, and the denial letter said "no APR reductions within 4 months of a CLD".

So I held off on the CLI requests for a while, thinking there was an overhang in many areas from the CLD.

Got another CLI on September 23, $500 to $6,500.

Expected to wait another 90 days, but tried again on November 1, got CLI $1,500 to $8k now.

So the CLI that I have gotten are not under any particular pattern, I just keep trying. I'm holding off on the next request, even though it's been more than 90 days, because the balance on the Discover is just fractionally over 30% utilization, and I'm waiting for the credit bureau report at that "over 30%" level before I mess with the CL to see the utilization go under 30%, and any effect on my score from crossing that Utilization threshhold.

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 00:33:46 GMT

@NRB525 wrote:
How heavily are you using the current limit?
With only 6 months total history on the card, it could be that Discover is comfortable with the $2,500 limit for now.
I don't think Discover considers the limits on other CC when deciding on the CLI amount.

I had a temporary CLI to $8k, which expired in early May 2015. The CL went back down to $5k at that time (technically a CLD). I had used that $8k very heavily, over 95% utilization at points, with BT and charges.
I requested a CLI on May 16, got $1,000, to $6,000. Bummed because I thought they liked pushing the $8k limit and paying it down.

Requested an APR reduction soon after that, which was denied, and the denial letter said "no APR reductions within 4 months of a CLD".
So I held off on the CLI requests for a while, thinking there was an overhang in many areas from the CLD.
Got another CLI on September 23, $500 to $6,500.
Expected to wait another 90 days, but tried again on November 1, got CLI $1,500 to $8k now.

So the CLI that I have gotten are not under any particular pattern, I just keep trying. I'm holding off on the next request, even though it's been more than 90 days, because the balance on the Discover is just fractionally over 30% utilization, and I'm waiting for the credit bureau report at that "over 30%" level before I mess with the CL to see the utilization go under 30%, and any effect on my score from crossing that Utilization threshhold.

I will list all my months spend amounts...

1st $31

2nd $763

3rd $2871

4th $72

5th $$2299

6th $46

Re: Advice on Discover CLI?

NRB525 — Mon, 15 Feb 2016 00:37:53 GMT

That usage is good to see. There's not much more you could do to "show experience with current limit" beyond that, so kudos for the effort.

With time, I think you should start to see larger CLI amounts. It does take time to build that history.

What are the timings of your CLI requests and approved CLI?

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 00:47:41 GMT

@NRB525 wrote:
That usage is good to see. There's not much more you could do to "show experience with current limit" beyond that, so kudos for the effort.

With time, I think you should start to see larger CLI amounts. It does take time to build that history.

What are the timings of your CLI requests and approved CLI?

My last increase was approved on Nov 23rd which took me to $2,500. That was 91 days from account opening date. I requested one last week which was denied. My 91 days will be this month on the 22nd. Prior to getting approved for my first increase I requested it every 15 days but they were denied.

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 00:51:06 GMT

There is no rhyme or reason with Discover. Some are 31 days, some are 91 days, some are none at all. My usage is way, way less than yours - average of $105 a month - and my last CLI was $4500 at 31 days. But the one before that took 91 days and was much smaller.

Re: Advice on Discover CLI?

SouthJamaica — Mon, 15 Feb 2016 01:32:07 GMT

@Anonymous wrote:
My Discover was opened about 6 months ago. I need some information about Discover CLI. They won't give me increase before 91 days and the increases are only for $500. I seen some post saying they get increase more often then 91 days? I'm I doing something wrong here? Decline reasons are inexperience with current limit.

They treat different cases differently. The only pattern which I've detected is that they treat people with high FICO scores much better in the size of CLI's.

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 01:44:29 GMT

@Anonymous wrote:
There is no rhyme or reason with Discover. Some are 31 days, some are 91 days, some are none at all. My usage is way, way less than yours - average of $105 a month - and my last CLI was $4500 at 31 days. But the one before that took 91 days and was much smaller.

Good to know. Thanks!

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 01:47:51 GMT

@Anonymous wrote:
There is no rhyme or reason with Discover. Some are 31 days, some are 91 days, some are none at all. My usage is way, way less than yours - average of $105 a month - and my last CLI was $4500 at 31 days. But the one before that took 91 days and was much smaller.

What's your FICO score?

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 02:01:00 GMT

@Anonymous wrote:
@Anonymous wrote:
There is no rhyme or reason with Discover. Some are 31 days, some are 91 days, some are none at all. My usage is way, way less than yours - average of $105 a month - and my last CLI was $4500 at 31 days. But the one before that took 91 days and was much smaller.
What's your FICO score?

TU, the one they use for CLI's, is 815.

Re: Advice on Discover CLI?

SouthJamaica — Mon, 15 Feb 2016 03:16:02 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
There is no rhyme or reason with Discover. Some are 31 days, some are 91 days, some are none at all. My usage is way, way less than yours - average of $105 a month - and my last CLI was $4500 at 31 days. But the one before that took 91 days and was much smaller.
What's your FICO score?
TU, the one they use for CLI's, is 815.

That supports the point I was making to aptiger, that the big Discover CLI's generally go to people with high FICO scores.

Re: Advice on Discover CLI?

Vegas4Play — Mon, 15 Feb 2016 12:00:17 GMT

I can add a data point to that and the many others I have read here....Higher TU fico gets bigger increases..... my TU 666 only 500 increase, my moms TU fico 790, 4800 increase - very little usage.

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 15:23:17 GMT

My TU is 749 VIA the Disover site. I got my last limit increase about 2 months ago. I started around $7500 last year and now I'm at $13,500 limit. All in less than a year! I love my Disvoer card. I charge between my AMX ED CC ($10,000 Limit) and Discover IT card!

If it declines you try their chat or give them a call.

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 15:51:38 GMT

I really think there is no rhyme or reason. I started in June with a $6500 SL. Now it's up to $8500.

My TU is pretty decent at 748, but I've never seen a huge CLI. Two $500s and a $1000 (I think).

Some people get them every 31 days... others at 91. Some can't get a CLI to save their life.

Re: Advice on Discover CLI?

Vegas4Play — Mon, 15 Feb 2016 16:33:50 GMT

I'm sure it is an algorithum they use to which we will never know....outside of score I'm sure usage, AAoA, and the entire profile has a say in it as well ( as with all things, unequal as they may be) What works for one will not work for all, as we have seen time and time again. I was just thankful to get approved 2 months after BK DC with a 7.5K SL now 8K. I dont mind it it doesnt grow fast.

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 17:30:31 GMT

@Anonymous wrote:
I really think there is no rhyme or reason. I started in June with a $6500 SL. Now it's up to $8500.
My TU is pretty decent at 748, but I've never seen a huge CLI. Two $500s and a $1000 (I think).

Some people get them every 31 days... others at 91. Some can't get a CLI to save their life.

I agree with you! When I got my AMX card last month I went a head and made an online acct. For fun I hit the CLI button and I went from $8500 to $10,500 CLI! Its insane. Where as Lowes ($6000), Amazon ($2800) and Wally world card ($2800) wont give me the time of day! (All the same bank I know but they all have lower limits considering my Discover is $13,500 & AMX is $10,500)

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 17:33:25 GMT

@Anonymous wrote:
I really think there is no rhyme or reason. I started in June with a $6500 SL. Now it's up to $8500.
My TU is pretty decent at 748, but I've never seen a huge CLI. Two $500s and a $1000 (I think).

Some people get them every 31 days... others at 91. Some can't get a CLI to save their life.

Before my most recent, which was my 9th CLI, I had never seen a big one. All had been between $500 and $1500.

Re: Advice on Discover CLI?

Ghoshida — Mon, 15 Feb 2016 18:31:37 GMT

Waiting till the 91st day is generally a good idea unless there is a gravy train running.

For a good chunk of people, that's when Discover thinks you are eligible for a CLI.

I got a $3k CLI by waiting a few days over 91 days. My FICO is 785 TU.

Also, if you are getting the "not enough experience" note, I'll say it's a good sign. That means Discover thinks your profile is fine (HP not necessary), just take some time. Try in a week or so (91 days).

Re: Advice on Discover CLI?

Anonymous — Mon, 15 Feb 2016 19:32:17 GMT

1) Use it everywhere and no other card (unless better benefits)

2) Get a higher credit score and income

3) PIF (pay in full)

Nothing else you can do.

Re: Advice on Discover CLI?

amakol — Mon, 15 Feb 2016 22:26:33 GMT

@Anonymous wrote:
There is no rhyme or reason with Discover. Some are 31 days, some are 91 days, some are none at all. My usage is way, way less than yours - average of $105 a month - and my last CLI was $4500 at 31 days. But the one before that took 91 days and was much smaller.

Yeah, the less thinking with Discover the better.

I have had constant $1-1.5K CLIs whenever I press the online button for over a year now, but this was after 5 years of almost nothing without a HP.

So, I've abused the button. Sometimes 90+ days if I forget about my credit cards, sometimes less than a month if I'm impatient. They give a CLI every time - whether the account activity is $50 total or $500.

My GF has had an account with them for even longer than me. They've increased her CL just once in 8 years.