topic Re: Disco card questions in Credit Cards

Disco card questions

Aduke1122 — Fri, 13 Jul 2018 17:52:14 GMT

Hello friends! I was approved for a Disco cc yesterday with a 4k SL, I want to know what the best way to use this card is in order to get good Cli? Those who have it, tell me how you use it and what you spend every mth? Do they like heavy usage or can I pay a bill once a mth and get by with that?

Re: Disco card questions

jlitnns — Fri, 13 Jul 2018 17:59:45 GMT

I opened my Disco card up June 2017 with $5.5k SL and put a $5k BT on it from a high interest auto loan. I was running $100-$200 through it each month as well and paid usually $2-300 per month. I got CLI's to $6k, then to $7.5k and finally up to the $13.5k in April where it stands. All with a BT balance on it. I paid it all off last month and and just app'd for a second IT card last week, approved for $15k.

I don't think there is a formula for this. My path was a little unorthodox but it has worked out well for me.

Re: Disco card questions

Adkins — Fri, 13 Jul 2018 18:02:12 GMT

There isn't a formula for Discover. Just use the card and PIF. What works for one person's credit profile to raise the limit won't necessarily work for yours!

Re: Disco card questions

Anonymous — Fri, 13 Jul 2018 18:08:55 GMT

I also opened my Discover IT for the purpose of a BT a couple of years ago. I also took advantage of the 0% for purchases for awhile. Now that the intro rate has expired, I don't use it for more than BT. I have carried a purchase balance and only made the minimum payment. I have also PIF each month. I have requested CLI twice since opening and each time I got a $1,000 increase- not much but my utilization was higher.

My advice is to use it once or twice a month and PIF. If you carry a balance, make payments that are larger than the minimum and you'll get a decent CLI.

Re: Disco card questions

Aduke1122 — Fri, 13 Jul 2018 18:17:34 GMT

Thanks for the replies, I dont want to mess up like I have in the past, I want to show good usage and PIF every mth.

Re: Disco card questions

Remedios — Fri, 13 Jul 2018 18:39:22 GMT

I dont think you should worry about how to please Discover's computer

Use it in a way that works financially for you.

Dont overspend, pay on time and wait for the magic to happen

Re: Disco card questions

yfan — Fri, 13 Jul 2018 19:08:47 GMT

I have never had much trouble getting a CLI (given it's the proper interval) from Discover. My general advice with growing your credit lines is, be patient. I mostly use them for the 5% categories, and sometimes for Discover Deals.

Re: Disco card questions

AverageJoesCredit — Fri, 13 Jul 2018 19:12:58 GMT

Disco likes anything that works for a user lol. Some put bt on it and score huge increases while others use heavy as nd see squat. Use it , pay on time time, pif better but whatever you feel comfortable with and request every few months to see where you stand

Re: Disco card questions

red259 — Fri, 13 Jul 2018 21:40:39 GMT

I'm sorry but did anyone else read the title of this thread and start hearing ABBA playing in their heads or was that just me?

Re: Disco card questions

Aduke1122 — Fri, 13 Jul 2018 21:52:29 GMT

Thanks everyone for the replies. I will just use it as normal and keep my fingers crossed that this will be my first five digit card in time!

Re: Disco card questions

JohnnyGaddar — Sat, 14 Jul 2018 00:22:32 GMT

I don’t think there is such formula for credit line increases in any credit card. I’m guessing that some banks have set a time frame for to get increase in credit limit and some banks are checking for your better credit file. When your scores goes up according to time and you have clean credit file. You will get increse automatically. 👍

Re: Disco card questions

Meanmchine — Sat, 14 Jul 2018 21:59:37 GMT

@red259 wrote:
I'm sorry but did anyone else read the title of this thread and start hearing ABBA playing in their heads or was that just me?

Money Money Money ?

Hey AJC, this could be our theme song

Re: Disco card questions

pizza1 — Sun, 15 Jul 2018 00:02:47 GMT

Your guess is as good as anyone's with Discover...who knows!!

Use it/dont use it
Leave a balance/dont leave a balance
PIF/carry a balance
Use it daily/use once a month
Use your CL/use only $1 of your CL
Have 620 score with Bk/have a 790 score with 20 yrs HX
etc.....

Discover is so weird! Id say just use it like you would normally, and then try for a CLI in 90 days. If you get a CLI online, don't forget to DD!!

Re: Disco card questions

Aduke1122 — Sun, 15 Jul 2018 06:04:32 GMT

Hahahaha thank you for the response Pizza!!

Re: Disco card questions

AverageJoesCredit — Sun, 15 Jul 2018 14:26:29 GMT

Aduke, dont let all these crazy youngins confuse you with talk of DD lol, it's a mythical unicorn reserved for the highest order of disco Powerball winners. If you are average like me just be happy if they give you anything, if on the other hand you are pizzarific, well, DD are pretty spectacular imo