topic Re: My first year with Discover - Data Points in Credit Cards

My first year with Discover - Data Points

austinguy907 — Fri, 03 Feb 2017 18:06:34 GMT

This all started last year with Synch closing out my Sam's store card for non-usage (22-23 mo's no activity) $10K limit.

I applied for Discover after getting several mailings with specific rate listed on each one.

Stats at time of opening:

7/27/15 744 EX pull

8-9 open cards ranging from $1500 (old HSBC card/now Cap One) - $29000 (JFCU)

couple of mortgages reporting

1 auto loan

Typical monthly usage anywhere from $25 - $200 for monthly recurring bills and a couple of bonus usages for specific items like at Lowe's for 5% back.

TU scores during this period:

7/27/2015	Opening Limit	$4,500
10/21/2015	Auto CLI	$5,600	$1,100
10/21/2015	Manual CLI (Instant)	$8,600	$3,000
11/20/2015	Manual CLI (2 Day Message)	$12,600	$4,000
12/14/2015	Manual CLI (2 Day Message)
1/12/2016	Manual CLI (2 Day Message)
1/21/2016	Manual CLI (2 Day Message)	$16,600	$4,000
2/5/2016	Manual CLI (2 Day Message)
2/19/2016	Manual CLI (2 Day Message)	$19,600	$3,000
3/14/2016	Manual CLI (2 Day Message)
3/21/2016	Manual CLI (2 Day Message)
4/4/2016	Manual CLI (2 Day Message)
4/11/2016	Manual CLI (2 Day Message)
4/18/2016	Manual CLI (2 Day Message)
4/25/2016	Manual CLI (2 Day Message)	$22,600	$3,000
5/9/2016	Manual CLI (2 Day Message)
5/16/2016	Manual CLI (2 Day Message)
5/23/2016	Manual CLI (2 Day Message)
5/30/2016	Manual CLI (2 Day Message)	$25,600	$3,000
6/13/2016	Manual CLI (2 Day Message)
6/27/2016	Manual CLI (2 Day Message)
7/4/2016	Manual CLI (2 Day Message)
7/11/2016	Manual CLI (2 Day Message)
7/18/2016	Manual CLI (2 Day Message)
7/25/2016	Manual CLI (2 Day Message)
8/1/2016	Manual CLI (2 Day Message)	$29,600	$4,000

(at this point I switched to a more liberal strategy of every other month)

10/1/2016	Manual CLI (2 Day Message)	$35,600	$6,000
12/1/2016	Manual CLI (2 Day Message)	$42,000	$6,400
2/1/2017	Manual CLI (2 Day Message)	$48,000	$6,000

Hopefully Discover will continue to grow over time since this one's slow but steady like the turtle in the race. The highest I've seen for a CL without additional documentation is $50K so, here's to the 2nd year of growth towards $50K!

I've started a new thread to track some of the trends with Discover as more info comes into the forums - unOfficial Discover

Prior to hitting the CLI button on 12/1 I stumbled upon some information regarding the follow up call to 800-347-4856 which goes to their "Lending" aka UW team in SLC UT CC. Once you hit a certain limit with Discover apparently the hold beyond the 2-day message once approved by an analyst has to be sent to their Supervisor for the override approval. I've been getting more OCD about the $XX,600 portion of the CL and asked about rounding up. They said for something additional to the $6K increase would require a HP and additional review at that point. I declined the HP and will just have to live with the 600 on the end. Setting the clock for 2/1/2017 for the next attempt!

I didn't get a HP or anything but, when it finally updated from the supv processing they rounded it off to $42K instead of that nagging $600 on the end!!!!

Re: My first year with Discover - Data Points

Aduke1122 — Fri, 05 Aug 2016 17:33:27 GMT

Great job !

Re: My first year with Discover - Data Points

Anonymous — Fri, 05 Aug 2016 17:43:01 GMT

Wow nice! Thanks for the detailed writeup. Seems like Discover can really grow if you're patient and use the card a lot.

Re: My first year with Discover - Data Points

Anonymous — Fri, 05 Aug 2016 21:51:38 GMT

Very nice, congrats

Re: My first year with Discover - Data Points

Anonymous — Fri, 05 Aug 2016 21:59:03 GMT

Congrats!! Discover is awesome

Re: My first year with Discover - Data Points

Anonymous — Fri, 05 Aug 2016 22:46:23 GMT

Very Impressive post and credit limit increases.

Congratulations!

PS I can't wait until I get my first increase... I love my Discover It!

Re: My first year with Discover - Data Points

Anonymous — Sat, 06 Aug 2016 00:01:37 GMT

That is impressive!!! Thanks for the willingness to share your data. I just recently got approved for the same amount. I hope to have even half that CLI success!

Would you mind sharing a generalization of your spending patterns on it? Was it your daily driver?

Re: My first year with Discover - Data Points

austinguy907 — Sat, 06 Aug 2016 04:56:45 GMT

@Anonymous wrote:
That is impressive!!! Thanks for the willingness to share your data. I just recently got approved for the same amount. I hope to have even half that CLI success!

Would you mind sharing a generalization of your spending patterns on it? Was it your daily driver?

Typical monthly usage anywhere from $25 - $200 for monthly recurring bills. (not in rotation for daily use)

Re: My first year with Discover - Data Points

Anonymous — Sat, 06 Aug 2016 05:03:01 GMT

@austinguy907 wrote:
This all started last year with Synch closing out my Sam's store card for non-usage (22-23 mo's no activity) $10K limit.

I applied for Discover after getting several mailings with specific rate listed on each one.

Stats at time of opening:
7/27/15 744 EX pull
8-9 open cards ranging from $1500 (old HSBC card/now Cap One) - $29000 (JFCU)
couple of mortgages reporting
1 auto loan

Typical monthly usage anywhere from $25 - $200 for monthly recurring bills and a couple of bonus usages for specific items like at Lowe's for 5% back.

TU scores during this period:

7/27/2015 Opening Limit $4,500
10/21/2015 Auto CLI $5,600 $1,100
10/21/2015 Manual CLI (Instant) $8,600 $3,000
11/20/2015 Manual CLI (2 Day Message) $12,600 $4,000
12/14/2015 Manual CLI (2 Day Message)
1/12/2016 Manual CLI (2 Day Message)
1/21/2016 Manual CLI (2 Day Message) $16,600 $4,000
2/5/2016 Manual CLI (2 Day Message)
2/19/2016 Manual CLI (2 Day Message) $19,600 $3,000
3/14/2016 Manual CLI (2 Day Message)
3/21/2016 Manual CLI (2 Day Message)
4/4/2016 Manual CLI (2 Day Message)
4/11/2016 Manual CLI (2 Day Message)
4/18/2016 Manual CLI (2 Day Message)
4/25/2016 Manual CLI (2 Day Message) $22,600 $3,000
5/9/2016 Manual CLI (2 Day Message)
5/16/2016 Manual CLI (2 Day Message)
5/23/2016 Manual CLI (2 Day Message)
5/30/2016 Manual CLI (2 Day Message) $25,600 $3,000
6/13/2016 Manual CLI (2 Day Message)
6/27/2016 Manual CLI (2 Day Message)
7/4/2016 Manual CLI (2 Day Message)
7/11/2016 Manual CLI (2 Day Message)
7/18/2016 Manual CLI (2 Day Message)
7/25/2016 Manual CLI (2 Day Message)
8/1/2016 Manual CLI (2 Day Message) $29,600 $4,000

Hopefully Discover will continue to grow over time since this one's slow but steady like the turtle in the race. The highest I've seen for a CL without additional documentation is $50K so, here's to the 2nd year of growth towards $50K!

Congratulations to you!...Thanks for sharing.

Re: My first year with Discover - Data Points

ScoreSizzle — Sun, 27 Nov 2016 19:06:25 GMT

Definitely gonna put this to use during my first year with my Discover card. I do the same with my cards. I'll use certain ones for phones, groceries and all that.

Looking forward to my new card.

This post is great.

Re: My first year with Discover - Data Points

austinguy907 — Tue, 29 Nov 2016 22:48:44 GMT

Added another CLI and Link to new more comprehensive overview of Discover

Re: My first year with Discover - Data Points

austinguy907 — Fri, 02 Dec 2016 22:00:29 GMT

Added 12/1 CLI amount and some additional notes to the end regarding their lending group. $6K and setting the clock for 2/1/2017!!

Re: My first year with Discover - Data Points

austinguy907 — Mon, 05 Dec 2016 23:42:33 GMT

ETA:I didn't get a HP or anything but, when it finally updated from the supv processing they rounded it off to $42K instead of that nagging $600 on the end!!!!

I guess it was a good idea to call about that weird CL after all!!!!!! Thanks Discover for making it all better!

Re: My first year with Discover - Data Points

ScoreSizzle — Fri, 09 Dec 2016 16:47:06 GMT

Question. When using your card, do you pay in full when the statement cuts or do you pay it off a few days after it has posted?

Just got my card two days ago and want to maximize it to the fullest.

Again, great threads for the discover card.

Re: My first year with Discover - Data Points

ambivalent — Fri, 09 Dec 2016 17:05:10 GMT

This is a great thread. I've copied your data points so I can use it as a guide/reference/template. I got my card and just began to use it this week on some gifts. My score is nowhere near yours, but I am hoping to see some growth over the next year. Thanks!!!

Re: My first year with Discover - Data Points

austinguy907 — Fri, 09 Dec 2016 18:37:27 GMT

@ScoreSizzle wrote:
Question. When using your card, do you pay in full when the statement cuts or do you pay it off a few days after it has posted?

Just got my card two days ago and want to maximize it to the fullest.

Again, great threads for the discover card.

I don't do anything special with it.... just use it, let the statement report, and autopay in full each month. I've auto billed cable/internet to it each month and use it for some other smalll stuff every once in awhile. Discover likes it when you play hard to get apparently where others like you to abuse them and rub the numbers off the card to get a CLI.

Re: My first year with Discover - Data Points

ScoreSizzle — Fri, 09 Dec 2016 19:25:55 GMT

Okay, perfect.

I like it... they wanna chase you. Always a fun game, lol.

Re: My first year with Discover - Data Points

Anonymous — Wed, 21 Dec 2016 03:57:05 GMT

Congratulations! Wow persistence really pays off with Discover! Thanks for the great data sharing too!

Re: My first year with Discover - Data Points

austinguy907 — Wed, 21 Dec 2016 04:21:23 GMT

LOTR

Did you see the follow up to this that sort of explains how they work from app to CLI ?

http://ficoforums.myfico.com/t5/Credit-Cards/Discover-unOfficial-Data-Points/td-p/4802538

Re: My first year with Discover - Data Points

Anonymous — Wed, 21 Dec 2016 04:33:28 GMT

@austinguy907 wrote:
LOTR

Did you see the follow up to this that sort of explains how they work from app to CLI ?

http://ficoforums.myfico.com/t5/Credit-Cards/Discover-unOfficial-Data-Points/td-p/4802538

Nope. Sure didn't, but I'll be looking at shortly! Thanks!