topic Re: Requesting Discover CLI with Balance? in Credit Cards

Requesting Discover CLI with Balance?

barthooper — Wed, 20 Jul 2016 15:48:17 GMT

My last increase was about this time in April, a 3k increase, now sitting at 21k. I've got the largest balance i've had yet on Discover right now, statement just cut with ~2500. Wondering if any folks have datapoints about getting increases with a balance, if it seems to impact Discover at all. Thanks!

Re: Requesting Discover CLI with Balance?

Anonymous — Wed, 20 Jul 2016 15:57:14 GMT

Some say it does, some say it doesn't. I've always been of the opinion that having the smallest balance possible (preferably 0 after heavy usage) when requesting a CLI is the best way to go. IMO, having a lower balance certainly can't "hurt" your CLI result, where having a larger balance either may or may not hurt the result.

Re: Requesting Discover CLI with Balance?

My_Fako — Wed, 20 Jul 2016 17:11:51 GMT

Data points....

Recently tried to help my Mother in law. Her Discover was sitting @ 9k BL with a 14.4k limit. I tried to get her a increase. Came back with 5k. So... Not to bad with having suck a high BL.

Re: Requesting Discover CLI with Balance?

Anonymous — Wed, 20 Jul 2016 21:21:20 GMT

Very true, not bad at all. What I would love to know is if that balance was significantly lower (or none at all) if that $5k would have been greater. Unfortunately it's nearly impossible to ever test this out as one would need to request a CLI, get it, then deny it or CLD it back to what it was... then dramatically change utilization and re-request a CLI and see the difference. Of course, during this time other things could go on that change the profile and/or variables that go into the CLI decision.

Re: Requesting Discover CLI with Balance?

Anonymous — Wed, 20 Jul 2016 21:30:53 GMT

It's absolutely fine.

I had 37% util on my card (22% overall) and requested an increase on Sunday (my first time ever asking), they increased my credit limit by 75%.

Other times they have given me auto increases with my util on that card at over 90% (~50% overall).

My profile is thin and they seem to like being my highest limit card. Works for me.

Re: Requesting Discover CLI with Balance?

Anonymous — Wed, 20 Jul 2016 22:03:53 GMT

When carrying a balance i have never been able to get a increase more than $500 every 91 days. If it was even offered at all.

As soon as my 0% intro period was over i paid it in full and was able to get a 1500 CLI

The next statement i ran 4k total charges and paid in full and was able to get a 3000 CLI.

What i have seen with discover is that they are literally all over the place with different people/profiles. Lately ive been getting CLI every 31 days with the two day review. For two statements in a row.

Re: Requesting Discover CLI with Balance?

Anonymous — Wed, 20 Jul 2016 23:01:26 GMT

What is the greatest CLI anyone has received (or heard of someone receiving) as their first CLI (91 days or so) after getting their Discover card? I'd imagine not many have received the 3X CLI that Amex has provided to many, but am curious what the highest numbers have been.

Re: Requesting Discover CLI with Balance?

barthooper — Thu, 21 Jul 2016 13:52:49 GMT

@Anonymous wrote:
What is the greatest CLI anyone has received (or heard of someone receiving) as their first CLI (91 days or so) after getting their Discover card? I'd imagine not many have received the 3X CLI that Amex has provided to many, but am curious what the highest numbers have been.

Not necessarily the first CLI, but the largest at one time I've seen Discover give, reported on here I believe, is $6500. Maybe rather than giving you one giant bump early on they decided it was better to do gradual, smaller increases, in some cases as low as $500.

Re: Requesting Discover CLI with Balance?

Anonymous — Fri, 22 Jul 2016 02:23:06 GMT

Gotcha. I'm hoping for at least 20% for my first (91+ day) CLI with Discover. Anything above that IMO would be a huge win.

Re: Requesting Discover CLI with Balance?

takeshi74 — Fri, 22 Jul 2016 14:51:32 GMT

@barthooper wrote:
My last increase was about this time in April, a 3k increase, now sitting at 21k. I've got the largest balance i've had yet on Discover right now, statement just cut with ~2500. Wondering if any folks have datapoints about getting increases with a balance, if it seems to impact Discover at all.

Data points won't mean much if you're only considering balance on the account itself. Odds are probably better with lower revolving utilization on the one account but that's just one consideration among many in one's credit profile that any creditor will consider for a CLI. If your profile isn't strong in other areas then you may want to reduce that balance. If you have a very strong profile then it might not have as much impact. Worst case you can request another CLI down the road.

2,500 / 21K is 11%.

I got a nearly 5K CLI while carrying a balance about that size on an intro offer with Discover. Again, though, YMMV depending on the shape of your credit profile. If you're at 21K I'd guess that you probably have pretty good profile.

Re: Requesting Discover CLI with Balance?

barthooper — Fri, 22 Jul 2016 17:49:37 GMT

@takeshi74 wrote:
@barthooper wrote:
My last increase was about this time in April, a 3k increase, now sitting at 21k. I've got the largest balance i've had yet on Discover right now, statement just cut with ~2500. Wondering if any folks have datapoints about getting increases with a balance, if it seems to impact Discover at all.
Data points won't mean much if you're only considering balance on the account itself. Odds are probably better with lower revolving utilization on the one account but that's just one consideration among many in one's credit profile that any creditor will consider for a CLI. If your profile isn't strong in other areas then you may want to reduce that balance. If you have a very strong profile then it might not have as much impact. Worst case you can request another CLI down the road.

2,500 / 21K is 11%.

I got a nearly 5K CLI while carrying a balance about that size on an intro offer with Discover. Again, though, YMMV depending on the shape of your credit profile. If you're at 21K I'd guess that you probably have pretty good profile.

I appreciate your insight. Of course the entire profile must be factored in. My other reported util for cards is roughly 2% so the others are much smaller. I decided to go for it and got another $4k which matches the increase I got early this year after my first three statements, with two $3k increases in the middle as well.

Re: Requesting Discover CLI with Balance?

Luscher — Sat, 23 Jul 2016 18:11:10 GMT

I had a $500 balance on my card the other day and asked for an increase. Got a soft pull 5K increase!

Re: Requesting Discover CLI with Balance?

Anonymous — Sun, 24 Jul 2016 00:14:45 GMT

I had a $4100 balance which included a $3500BT and i recived a $3000 SP CLI 60 days after another $3000 SP CLI with $0 balance. AAOA 1.5years TU 748 EX 744 EQ 745 BOA Cash rewards $17000 Freedom unlimited $10,000 Discover $17,000 Citi Simplicity $7800 AMEX ED $10,000 AMEX PRG NPSL AMEX PLAT NPSL $35,000 POT

Re: Requesting Discover CLI with Balance?

Anonymous — Sun, 24 Jul 2016 05:06:45 GMT

My SO's disco has grown from 4k to 30k in a year, always carrying a balance or BT.

Re: Requesting Discover CLI with Balance?

Anonymous — Sun, 24 Jul 2016 08:38:44 GMT

The biggest increase I received was $4.5k when I had my highest balance. It was also my 2ND increase after about 5 mo. after opening my account. I have had a few $3k increases since with either zero or minimal balance. I started at $2500 last August and by June I was at 17.5k. The 90 day increase is very minimal but after that 5 or 6 month mark, big increases are pretty common. Keep in mind, if you don't like the cli they offer, you can decline it. They WILL offer again. I refused the first $500 cli offer. Three weeks later it was $1500. Two months after that, they doubled my limit.

Re: Requesting Discover CLI with Balance?

iv — Mon, 25 Jul 2016 03:40:00 GMT

@barthooper wrote:
Not necessarily the first CLI, but the largest at one time I've seen Discover give, reported on here I believe, is $6500. Maybe rather than giving you one giant bump early on they decided it was better to do gradual, smaller increases, in some cases as low as $500.

Biggest I've personally seen was +$7k, last year. (Old account, though.)

Re: Requesting Discover CLI with Balance?

Anonymous — Tue, 26 Jul 2016 14:55:37 GMT

I recently requested my first CLI (after 91 days) with Discover while carrying a balance and was approved for a 500 CLI. I owed 6k on a 10.5 CL and my TU was at 723. My balance was mostly from BTs so idk if that has a factor vs. regular purchases.

Re: Requesting Discover CLI with Balance?

Berk — Tue, 26 Jul 2016 17:00:55 GMT

I requested a CLI about 6 months ago and was given a 6K increase. I then did a 3K BT about 2 weeks later and, along with the BT, came a 5K auto CLI. I have since done two requests and received $500 each.