topic Re: Any tips and tricks for Discover CLI's? in Credit Cards

Any tips and tricks for Discover CLI's?

kjm79 — Fri, 18 Mar 2016 15:49:54 GMT

Hi! Just received my Discover IT card a few days ago. I'm assuming it, like most cards, likes to see a lot of usage and multiple payments. In the three days I've had it I've run and paid about $1200 through it (CL of $1800). I plan to use it as my daily card and run as much as I can through it and pay off throughout the month. Good course with Discover to get that limit up?

When are the sweet spots/times to ask for CLI? HP vs SP? The luv button is showing on my account but I don't dare click it right now.

Appreciate any shared insight. Thanks!

Re: Any tips and tricks for Discover CLI's?

ojefferyo — Fri, 18 Mar 2016 16:52:07 GMT

@kjm79 wrote:
Hi! Just received my Discover IT card a few days ago. I'm assuming it, like most cards, likes to see a lot of usage and multiple payments. In the three days I've had it I've run and paid about $1200 through it (CL of $1800). I plan to use it as my daily card and run as much as I can through it and pay off throughout the month. Good course with Discover to get that limit up?

When are the sweet spots/times to ask for CLI? HP vs SP? The luv button is showing on my account but I don't dare click it right now.

Appreciate any shared insight. Thanks!

After 90 days you will qualify to request for an increase, whether you get it depends if your overall profile will support it or not.

Re: Any tips and tricks for Discover CLI's?

Anonymous — Fri, 18 Mar 2016 20:51:52 GMT

just use the card a lot, do a bt offer if you want, and ask for CLI's every 60-90 days. They will be big, or they will be as small as a few hundred dollars. Its worth it! Our card went from 7000 to 10000 to 14000 to 18000 to 19300 in less than 6 months. Always carried a balance too.

Re: Any tips and tricks for Discover CLI's?

Anonymous — Fri, 18 Mar 2016 21:16:19 GMT

How were you able to run that much spend through it in such a short time?

It takes 3 days for my transactions just to post, then another 3 to complete the payment!

Re: Any tips and tricks for Discover CLI's?

Ghoshida — Fri, 18 Mar 2016 21:23:11 GMT

@kjm79 wrote:
Hi! Just received my Discover IT card a few days ago. I'm assuming it, like most cards, likes to see a lot of usage and multiple payments. In the three days I've had it I've run and paid about $1200 through it (CL of $1800). I plan to use it as my daily card and run as much as I can through it and pay off throughout the month. Good course with Discover to get that limit up?

When are the sweet spots/times to ask for CLI? HP vs SP? The luv button is showing on my account but I don't dare click it right now.

Appreciate any shared insight. Thanks!

You can click it anytime.

They will first do an SP.

If they're happy with what they see they'll give you a CLI. If they're unhappy they'll say no.

If they're undecided (which happens with some cardholders with possibly borderline approval, happened to me) they'll say they can't decide without an HP and will ask your permission to do so. You can cancel your request at that point.

A safe bet is to try every 91 days or so. People have reported getting CLIs more frequently than that but I've found that to be a decent strategy.

Note: I started with $750 limit (Apr 2013) and since Feb 2016 it's at $28k. My first CLI was to $2k in Nov 2013 for a HP. All the subsequent ones have been auto / SP.

Re: Any tips and tricks for Discover CLI's?

kjm79 — Fri, 18 Mar 2016 21:26:19 GMT

I ran into the same problem with it taking time for transactions to post and payments go through. I paid a couple bills the day I got the card (~$400). The next day only $150 of those payments has posted and the rest were pending. When I went to make my payment through the app it would only let me pay the $150. So I made that payment, and then went to my bank and forced a payment through my bill pay (that payment reflected 2 days later). Yesterday, I just did the same for the other recent charges since nothing else had posted yet. The second payment was just sent yesterday so it's not reflected.

Re: Any tips and tricks for Discover CLI's?

kjm79 — Fri, 18 Mar 2016 21:29:00 GMT

Thanks for the tips and info everyone! With this being my daily user now hopefully they'll show me some love! Patience is key, right?

Re: Any tips and tricks for Discover CLI's?

Anonymous — Fri, 18 Mar 2016 21:32:07 GMT

@Anonymous wrote:
How were you able to run that much spend through it in such a short time?

It takes 3 days for my transactions just to post, then another 3 to complete the payment!

we honestly didnt run that much through it, not more than the quarterly bonuses and a 4k BT once the limit was higher. The disco increases seem to not be as big and rapid as they were last year but even with little spend they are pretty good about giving at least 500 every 90 days.

With your limit of 1200 I would guess if you used that card exclusively for 6 months you could easily have it at over 5k and go up from there. Unless your scores took a hit.

Re: Any tips and tricks for Discover CLI's?

kjm79 — Fri, 18 Mar 2016 21:44:54 GMT

@Anonymous wrote:
we honestly didnt run that much through it, not more than the quarterly bonuses and a 4k BT once the limit was higher. The disco increases seem to not be as big and rapid as they were last year but even with little spend they are pretty good about giving at least 500 every 90 days.

With your limit of 1200 I would guess if you used that card exclusively for 6 months you could easily have it at over 5k and go up from there. Unless your scores took a hit.

They started me out at $1800, I've charged and paid $1200 in 3 days lol. Second payment not yet reflected so available credit is lower. I'm hoping I can try in 30 (or 31) days for a CLI, mainly because of the lag in posting transactions and payments, I might even make a call and ok a HP. No hit from the INQ, it's only my third INQ. I might lose some points when the account hits though. Just have to wait and see I guess! Thanks.

Re: Any tips and tricks for Discover CLI's?

SunriseEarth — Fri, 18 Mar 2016 21:49:21 GMT

My initial CLI was after 90 days of opening the accounts, and I've been able to get them every 90 days. Mine have always been for $500, but I've walked the CL up from $5K to $6500.

Discover does like heavy use and PIF, and seems to reward those customers with highest CLIs. I've maintained a balance on my card, since I'm in the promo period still. However, I'm not sure that most lenders necessarily "like" multiple payments, since many lenders put limits on payments. If you have a low CL, it's understandable (and maybe necessary) to make multiple payments.

Re: Any tips and tricks for Discover CLI's?

kjm79 — Fri, 18 Mar 2016 21:56:20 GMT

@SunriseEarth wrote:
My initial CLI was after 90 days of opening the accounts, and I've been able to get them every 90 days. Mine have always been for $500, but I've walked the CL up from $5K to $6500.

Discover does like heavy use and PIF, and seems to reward those customers with highest CLIs. I've maintained a balance on my card, since I'm in the promo period still. However, I'm not sure that most lenders necessarily "like" multiple payments, since many lenders put limits on payments. If you have a low CL, it's understandable (and maybe necessary) to make multiple payments.

Good information, thank you. I might just need to slow down and not be so eager to make the payments. Maybe once a week, or every other week until the limit gets higher to allow more of an available credit cushion. I wouldn't stress it so much if the posting time was a bit quicker or if it let me pay more that the posted balance.

Re: Any tips and tricks for Discover CLI's?

SouthJamaica — Fri, 18 Mar 2016 22:00:18 GMT

@kjm79 wrote:
Hi! Just received my Discover IT card a few days ago. I'm assuming it, like most cards, likes to see a lot of usage and multiple payments. In the three days I've had it I've run and paid about $1200 through it (CL of $1800). I plan to use it as my daily card and run as much as I can through it and pay off throughout the month. Good course with Discover to get that limit up?

When are the sweet spots/times to ask for CLI? HP vs SP? The luv button is showing on my account but I don't dare click it right now.

Appreciate any shared insight. Thanks!

1. It's always soft pull.

2. The sweet spot is 91 days.

3. From what I've observed, people with TU FICO 8 score >740 get large CLI's, other folks get small CLI's.

4. From what I've observed it's a myth that the amount of usage is the big factor for CLI's; I've seen huge CLI's to people who'd SD'd the card, and CLI's denied to people who used the card a lot to get Discover to like them.

Re: Any tips and tricks for Discover CLI's?

Anonymous — Fri, 18 Mar 2016 23:19:09 GMT

@kjm79 wrote:
@SunriseEarth wrote:
My initial CLI was after 90 days of opening the accounts, and I've been able to get them every 90 days. Mine have always been for $500, but I've walked the CL up from $5K to $6500.

Discover does like heavy use and PIF, and seems to reward those customers with highest CLIs. I've maintained a balance on my card, since I'm in the promo period still. However, I'm not sure that most lenders necessarily "like" multiple payments, since many lenders put limits on payments. If you have a low CL, it's understandable (and maybe necessary) to make multiple payments.
Good information, thank you. I might just need to slow down and not be so eager to make the payments. Maybe once a week, or every other week until the limit gets higher to allow more of an available credit cushion. I wouldn't stress it so much if the posting time was a bit quicker or if it let me pay more that the posted balance.

That's where I stand. I just got the card on the 19th of February. I've probably put 1500 through it in about 20 different transactions. There's a large lag time for transactions to post. I figured out for me, it's 3 days either way. Now I'm waiting on seeing how long a cancelled transaction takes to come off as a pending charge.

Re: Any tips and tricks for Discover CLI's?

Anonymous — Sat, 19 Mar 2016 03:05:46 GMT

You can always push payments from checking account. Even over pay a bit if you need to make a purchase.

Re: Any tips and tricks for Discover CLI's?

CreditMagic7 — Sat, 19 Mar 2016 04:37:35 GMT

@SouthJamaica wrote:
@kjm79 wrote:
Hi! Just received my Discover IT card a few days ago. I'm assuming it, like most cards, likes to see a lot of usage and multiple payments. In the three days I've had it I've run and paid about $1200 through it (CL of $1800). I plan to use it as my daily card and run as much as I can through it and pay off throughout the month. Good course with Discover to get that limit up?

When are the sweet spots/times to ask for CLI? HP vs SP? The luv button is showing on my account but I don't dare click it right now.

Appreciate any shared insight. Thanks!
1. It's always soft pull.

2. The sweet spot is 91 days.

3. From what I've observed, people with TU FICO 8 score >740 get large CLI's, other folks get small CLI's.

4. From what I've observed it's a myth that the amount of usage is the big factor for CLI's; I've seen huge CLI's to people who'd SD'd the card, and CLI's denied to people who used the card a lot to get Discover to like them.

You probably seen a similar trend along this same line with Synchrony.

Some lenders (in this instance Discover) does seem to offer more healthy CLI's with those of higher TU FICO scores, and is not necessarily dependent on usage.

I have both seen and experienced this myself so far.

Re: Any tips and tricks for Discover CLI's?

Anonymous — Sat, 19 Mar 2016 11:25:23 GMT

I just got approved for a $2,500 increase today.. Funny thing is my usage was over 80% on the card but I havent received a CLI in the longest time with them. I guess my risk paid off

Re: Any tips and tricks for Discover CLI's?

Officer737 — Sat, 19 Mar 2016 11:38:43 GMT

I spoke to a Discover rep yesterday and they advised that 90+ days before they can consider a CLI on the first one.

Re: Any tips and tricks for Discover CLI's?

Anonymous — Sat, 19 Mar 2016 12:27:35 GMT

My experience with discover CLIs, I had a starting limit of $1000 and I did heavy spend (about $1000-1500 total a month) and paid down before the statement cut and paid in full every month in the first 90 days, requested a CLI at 91 days and got an instant $4000. 31 days later the luv button finally appeared under my card details online so I requested another CLI and got the 2-day review message and approved for another $4000 increase. Now I'm sitting at $9000 limit and plan to hit the luv button again after another 31 days passes. Scores varied from 710-730 in this time frame

Re: Any tips and tricks for Discover CLI's?

SouthJamaica — Sat, 19 Mar 2016 13:40:22 GMT

@Officer737 wrote:
I spoke to a Discover rep yesterday and they advised that 90+ days before they can consider a CLI on the first one.

Front line CSR's give out misinformation all the time. I got my first Discover CLI at 89 days, and some people have reported getting them at less than 60 days.

Re: Any tips and tricks for Discover CLI's?

Officer737 — Sat, 19 Mar 2016 13:52:22 GMT

@SouthJamaica wrote:
@Officer737 wrote:
I spoke to a Discover rep yesterday and they advised that 90+ days before they can consider a CLI on the first one.
Front line CSR's give out misinformation all the time. I got my first Discover CLI at 89 days, and some people have reported getting them at less than 60 days.

I'm no rush as I have a couple other to grow as I work on this one as well. I do agree about frontline CSRs giving the wrong info sometimes.