topic Re: Discover IT, how to grow CL? in Credit Cards

Discover IT, how to grow CL?

reno55 — Wed, 20 Dec 2017 20:30:27 GMT

So I recently applied for the IT card, which I’ve wanted for awhile and finally got approved. I was shocked it finally happened but on top of that they gave me my best CL at $1,800

I am curious what is the best way to grow the card’s CL?

Since they were so welcoming I’d love to consolidate at some point to this one but I would need that to grow quite a bit

Re: Discover IT, how to grow CL?

Anonymous — Wed, 20 Dec 2017 20:32:26 GMT

Grats on your approval! Will sit back while others explain the "how to's" on obtaining CLIs with Discover. For me, I did what the Myfico Forum said to do and it worked.

Re: Discover IT, how to grow CL?

Anonymous — Wed, 20 Dec 2017 20:33:31 GMT

CLI requests with Discover are always SPs -- if they need to do an HP they will warn you and give you the option.

People are on Discover CL schedules that vary, some get a CLI every month, others every 2, others every 3 and others not at all. I haven't gotten a CLI ever with them.

The rumor is that Discover likes to see LESS usage than MORE but there are contrary data points to this. I use my Discover a LOT -- over 200% of the limit as I make multiple PIF per month. That's only because my Discover is my best rewards card for non-category spend right now. So I use it a lot, and they give me nothing.

After February 2018, I won't use Discover at all but will give it a $10 autopay monthly just for activity. We'll see if that finally convinces them to give me a CLI on a card I will have no use for.

So use your card if it gives you the best cashback, but in order to get a CLI, don't overuse it.

A few data points also came from folks who did a BT to Discover, paid it off in a number of months and then got a CLI after.

Discover does offer auto CLIs as well, but not as common to discuss here.

Re: Discover IT, how to grow CL?

Anonymous — Wed, 20 Dec 2017 20:41:16 GMT

@Anonymous wrote:
CLI requests with Discover are always SPs -- if they need to do an HP they will warn you and give you the option.

People are on Discover CL schedules that vary, some get a CLI every month, others every 2, others every 3 and others not at all. I haven't gotten a CLI ever with them.

The rumor is that Discover likes to see LESS usage than MORE but there are contrary data points to this. I use my Discover a LOT -- over 200% of the limit as I make multiple PIF per month. That's only because my Discover is my best rewards card for non-category spend right now. So I use it a lot, and they give me nothing.

After February 2018, I won't use Discover at all but will give it a $10 autopay monthly just for activity. We'll see if that finally convinces them to give me a CLI on a card I will have no use for.

So use your card if it gives you the best cashback, but in order to get a CLI, don't overuse it.

A few data points also came from folks who did a BT to Discover, paid it off in a number of months and then got a CLI after.

Discover does offer auto CLIs as well, but not as common to discuss here.

In my case I have been with Discover for several years and received one auto CLI for $250. Use it far less than you do and they have given me soft inquiry increase every 90 days ... others are on a far different schedule. Whole thing is beyond my knowledge base?!

Re: Discover IT, how to grow CL?

Anonymous — Wed, 20 Dec 2017 21:00:05 GMT

Yeah, they're bizarre lenders. I wonder what figures into their CL strategy but no one will ever prove it beyond just more data points.

On one of my FB groups, one thing came up -- people who used Discover for Plastiq said they stopped getting CLIs and some who got huge ones never used it for Plastiq. I did use mine once (free transaction based on affiliate shares) to pay a housing contractor, so I wonder if that put me in the naughty chair.

Re: Discover IT, how to grow CL?

mkhan1093 — Wed, 20 Dec 2017 22:14:26 GMT

I've had pretty good CLI history with them: $500 -> $1500 (6 months later) -> $3300 (3 months after that) -> $5100 (1 month after that) -> $6100 (1 month after that).

I wouldn't say I go over the top with my spending, but I PIF mostly and sometimes carry a balance (0% APR so nbd; this will change in a few months).

Re: Discover IT, how to grow CL?

AverageJoesCredit — Wed, 20 Dec 2017 22:36:00 GMT

Sprinkle fairy dust and hope the wind blows your way

Re: Discover IT, how to grow CL?

Adkins — Wed, 20 Dec 2017 23:28:35 GMT

@AverageJoesCredit wrote:
Sprinkle fairy dust and hope the wind blows your way

I was waiting for this!

Re: Discover IT, how to grow CL?

arkane — Thu, 21 Dec 2017 01:22:42 GMT

@AverageJoesCredit wrote:
Sprinkle fairy dust and hope the wind blows your way

So if the wind blows the other way, I'll end up getting a decrease instead?!

Re: Discover IT, how to grow CL?

AverageJoesCredit — Thu, 21 Dec 2017 02:19:13 GMT

Nope, if it blows the other way probably lands in Brutal's next big increase

Re: Discover IT, how to grow CL?

arkane — Thu, 21 Dec 2017 02:29:42 GMT

You know what, I'm just gonna grab a handful and smear 'em all over my face. Take that wind!

Re: Discover IT, how to grow CL?

AverageJoesCredit — Thu, 21 Dec 2017 11:54:08 GMT

Lol, Plenti, oops sorry Amex, to go around

Re: Discover IT, how to grow CL?

AverageJoesCredit — Thu, 21 Dec 2017 11:58:02 GMT

Ok Op, in seriousness, just use your card and make timely payments. The truth is none of us can say how to entice cli because we all get treated differently. At least with Amex there is a method to their madness, set schedules and all. With Discover, usage, profile, geographical location, income, and other assorted goodies only seem to rile them up. Stick with the general feel, 30, 60, 90 days schedule and see where you land

Re: Discover IT, how to grow CL?

CreditCuriosity — Thu, 21 Dec 2017 14:51:08 GMT

@AverageJoesCredit wrote:
Ok Op, in seriousness, just use your card and make timely payments. The truth is none of us can say how to entice cli because we all get treated differently. At least with Amex there is a method to their madness, set schedules and all. With Discover, usage, profile, geographical location, income, and other assorted goodies only seem to rile them up. Stick with the general feel, 30, 60, 90 days schedule and see where you land

This is true no one knows how to truely get a CLI with Discover they either like you or dislike you based on whatever weird logic their system uses. Some get love every month while others with alot better profiles/income/etc get notta ever. They truely are the only lender I am clueless to how they work other than they like thin profiles with little credit or a person freshly out of a BK. Those are the only two things I see constant with them and whom seem to get higher SL's or more CLI's than others

Then obviously to muck up the water a bit more you throw in a few good profiles and they have high limits as well. while other "good" profiles get 1k-6k limits and are basically stuck after that.

Re: Discover IT, how to grow CL?

CreditMagic7 — Thu, 21 Dec 2017 22:01:02 GMT

@AverageJoesCredit wrote:
Ok Op, in seriousness, just use your card and make timely payments. The truth is none of us can say how to entice cli because we all get treated differently. At least with Amex there is a method to their madness, set schedules and all. With Discover, usage, profile, geographical location, income, and other assorted goodies only seem to rile them up. Stick with the general feel, 30, 60, 90 days schedule and see where you land

Sums them up quite well.

I seen them go dark on their card with me for over 6-7 months and then restart the 91+ day SP CLI routine.

After a long empty streak they came through with a 500 dollar spot over 3 months ago, i was carrying a 0% BT at the time since paid off and running no balance at all with them since then. The 91+ day cycle rolled around recently and Nada, so it's back to the dark again i guess on this end.

FWIW discover happens to be one of the longest running cards in my profile.

There's just no way of knowing with any certainty with them compared to other lenders so you pretty much have to wait until they do decide to throw a bone your way.

Re: Discover IT, how to grow CL?

arkane — Thu, 21 Dec 2017 22:40:15 GMT

@CreditCuriousity wrote:
@AverageJoesCredit wrote:
Ok Op, in seriousness, just use your card and make timely payments. The truth is none of us can say how to entice cli because we all get treated differently. At least with Amex there is a method to their madness, set schedules and all. With Discover, usage, profile, geographical location, income, and other assorted goodies only seem to rile them up. Stick with the general feel, 30, 60, 90 days schedule and see where you land
This is true no one knows how to truely get a CLI with Discover they either like you or dislike you based on whatever weird logic their system uses. Some get love every month while others with alot better profiles/income/etc get notta ever. They truely are the only lender I am clueless to how they work other than they like thin profiles with little credit or a person freshly out of a BK. Those are the only two things I see constant with them and whom seem to get higher SL's or more CLI's than others

Then obviously to muck up the water a bit more you throw in a few good profiles and they have high limits as well. while other "good" profiles get 1k-6k limits and are basically stuck after that.

Well I have a thin file but I guess I didn't fall into the "little credit" bucket. 780+ EQ when I applied, 2 inquiries (Chase+utilities), 1 $15,000 limit BoA card with 5 years perfect history, aaaaaaaaaaaaaaaaand $2,500 semi-toy limit.

Actually, the computer only approved me for $2,000, and when I called the backdoor number, the analyst sounded genuinely excited he was able to increase my limit to $2,500. I was floored.

Re: Discover IT, how to grow CL?

AverageJoesCredit — Fri, 22 Dec 2017 00:12:08 GMT

Lol, at Discover, $500 increases are their version of Navy's mega increases

The tiers:

$300 The South Jamaica Special
$500 The Jim Carey Mask Super Special" We like you , we REALLY like you!
$1000-$1500 Chase maybe bigger but we've Discovered You Special
$1500-$5000 Front row New Years Eve Disco Ball Invitee Special
$5000 - $20000 The Executive Lounge Playa's Ball Special

$0-$0 AJC'S Credit Curiosity Spectacular Special

*** to newbs this is not real, though in fairness to reality, if you dont believe it MIGHT be real, just ask SJ on those $300 increases

$incerely AJC ESQUIRE, THE 3RD

Re: Discover IT, how to grow CL?

CreditCuriosity — Fri, 22 Dec 2017 00:24:15 GMT

@arkane wrote:
@CreditCuriousity wrote:
Well I have a thin file but I guess I didn't fall into the "little credit" bucket. 780+ EQ when I applied, 2 inquiries (Chase+utilities), 1 $15,000 limit BoA card with 5 years perfect history, aaaaaaaaaaaaaaaaand $2,500 semi-toy limit.

Actually, the computer only approved me for $2,000, and when I called the backdoor number, the analyst sounded genuinely excited he was able to increase my limit to $2,500. I was floored.

Welcome to the wacky world of Discover and most likely low likely a rough time growing your card for several years.. My guess after a year you will be at 5k which isn't really bad, but how they determine who gets the huge CL's 7k-15k limits is what really has me scratching my head as income doesn't seem to play a factor nor does score per say. What they do like seeing is not much credit as mentioned so they can be your main goto car IMHO. If anyone really understood what discover was looking for you would see alot more definitive answer which you don't see other than data points that make no apparent sense to the majority of the population other than pure speculation. I prefer the dartboard theory that you might of ran across and they throw a dart at the dartboard and that is your CL or CLI wherever it lands. I really despise them, but still have a card with them as have the best APR but the worse CL which makes me shake my head even more on their non-sense

Re: Discover IT, how to grow CL?

polaris2011 — Fri, 22 Dec 2017 01:13:02 GMT

I can definitely second the thin profile criteria. At the time I had only 2 cards reporting on my CRs with CLs totaling a paltry $700. Although I had already applied and was approved for 2 new cards earlier in the week, I pulled the trigger on the Discover pre-approval page and got 2 card offers. I opted for It Miles and got a whopping (for me and my humble profile) $8K SL. I do plan on making it my most favored card but I'm not too interested in CL increasing even by small amounts. It would be nice if there was more transparency though.

Re: Discover IT, how to grow CL?

arkane — Fri, 22 Dec 2017 01:26:27 GMT

@CreditCuriousity wrote:
@arkane wrote:
@CreditCuriousity wrote:
Well I have a thin file but I guess I didn't fall into the "little credit" bucket. 780+ EQ when I applied, 2 inquiries (Chase+utilities), 1 $15,000 limit BoA card with 5 years perfect history, aaaaaaaaaaaaaaaaand $2,500 semi-toy limit.

Actually, the computer only approved me for $2,000, and when I called the backdoor number, the analyst sounded genuinely excited he was able to increase my limit to $2,500. I was floored.

Welcome to the wacky world of Discover and most likely low likely a rough time growing your card for several years.. My guess after a year you will be at 5k which isn't really bad, but how they determine who gets the huge CL's 7k-15k limits is what really has me scratching my head as income doesn't seem to play a factor nor does score per say. What they do like seeing is not much credit as mentioned so they can be your main goto car IMHO. If anyone really understood what discover was looking for you would see alot more definitive answer which you don't see other than data points that make no apparent sense to the majority of the population other than pure speculation. I prefer the dartboard theory that you might of ran across and they throw a dart at the dartboard and that is your CL or CLI wherever it lands. I really despise them, but still have a card with them as have the best APR but the worse CL which makes me shake my head even more on their non-sense

Ha speaking of APRs, Discover gave me the absolute worst APR possible (24+%) just to rub it in some more, while BoA gave me the second best APR, yet Chase and even Barclays () gave me the best APR. At this point the dartboard theory makes the most sense to me.

Also I can't say no to 10% cash back (5% quarterly category + first year cash back match), so alas it's my co-daily driver for now.