topic Re: Learned today that you can put in CLI every 30 days! with DISCOVER in Credit Cards

Learned today that you can put in CLI every 30 days! with DISCOVER

fritscher — Tue, 26 Feb 2019 01:39:56 GMT

I called Discover customer service today to inquire about my current type of card..While on the phone I asked if she could ck to see why I got declined for my cli request the other day..She came back and said ..you just put in for one on Jan 23rd of this year so it was not 30 days yet..I asked you mean if I would have done at the 30 day mark I may have been approved..She said Yes..So she said that we can apply for cli every 30 days..I dont know if that means we can get approved every month though..I am not clear on all of that..I need to keep a excel spread sheet as to when I put in for CLI so I know when it is good to do that..

IF anyone has any more info on Discover cli..reply

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 01:46:28 GMT

Yeah you can ask every 30 days. I got $3K on 12/28 and $700 on 1/28.

But there is something to be said for not requesting every 30 days... the $3K was my first time asking in 9 months of having the card and there are people who request every 30 days that never get a CLI.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

AverageJoesCredit — Tue, 26 Feb 2019 02:16:38 GMT

Discover cli is like finding the answer to a magic 8 ball, you have a 50/50 chance of eventually being right

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 02:24:57 GMT

I have been requesting them every month since August, all denials. At the 6 month mark since my last one (February 21st) they gave me a $1000 auto-cli, even though I had been denied one a couple days before lol

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 02:27:02 GMT

@AverageJoesCredit wrote:
Discover cli is like finding the answer to a magic 8 ball, you have a 50/50 chance of eventually being right

You’re just a credit junkie lol. Smashing that button hoping for a quick fix.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 02:42:45 GMT

@fritscher wrote:
So she said that we can apply for cli every 30 days..

Another misinformed CSR. You can apply for a Discover CLI as often as you'd like. This could be every week or every day even. I went a span of 38-39 weeks where I requested one every Monday. From my research on this forum, I've found multiple data points of 2 Discover CLI approvals 21 days apart. This discounts the theory that 30 days is a minimum requirement between Discover CLIs. There may have been one or two people that reported multiple CLIs inside 21 days, although those are definitely outlier examples.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 02:58:27 GMT

@Anonymous wrote:
But there is something to be said for not requesting every 30 days... the $3K was my first time asking in 9 months of having the card and there are people who request every 30 days that never get a CLI.

The counter argument can be made to that, though, where people that request every 30 days have great success with CLI results. I'm probably the biggest CLI requester for Discover there is (60+ denial letters in probably 30 months) and overall I've had strong CLI success, having taken my limit from $12,500 to $44,300. The question then is if I were to have dramatically reduced my CLI requests from 1 every 2 weeks on average to (say) 1 every 2 months, would my end result have been different? I honestly don't think I'd be a penny higher CL wise today had I been more conservative with my requests and honestly my gut tells me I would actually be at a lower current limit? Why?

Because Discover's #1 denial reason is "not enough experience with current credit limit." All 60+ of my denial letters are for this reason, as is the case for probably 95% of the rest of you. "Experience" here refers to the element of time, not spend like some think. That being said, if the element of time is a factor for your next CLI, getting your CLI sooner simply restarts that clock quicker. Think of it like other lenders like Amex or Cap One that require 6 months between CLIs. One person may request their CLI at 6 months (right when they're eligible) where the other may not do it until 8 months. Now that person is 2 months "behind" the other guy when it comes time to request again; the first guy can do it at 12 months where the other now has to wait until 14 months (from the original start of the race).

So, someone may have a Discover CLI on the table waiting to be approved on January 1. If the account holder doesn't submit the request until Feb 1 (getting approved) they "missed out" on that CLI for 1 month. Say when the clock is reset here, the next CLI will be available in 90 days. Had this person made their request (and received the approval) on January 1, they'd be eligible for that next one on April 1... but now due to holding out another month their wait time is until May 1. 1 month doesn't sound like much, but over the course of several years a month here and a month there can definitely add up.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 02:59:18 GMT

@Anonymous wrote:
@Anonymous wrote:
But there is something to be said for not requesting every 30 days... the $3K was my first time asking in 9 months of having the card and there are people who request every 30 days that never get a CLI.
The counter argument can be made to that, though, where people that request every 30 days have great success with CLI results. I'm probably the biggest CLI requester for Discover there is (60+ denial letters in probably 30 months) and overall I've had strong CLI success, having taken my limit from $12,500 to $44,300. The question then is if I were to have dramatically reduced my CLI requests from 1 every 2 weeks on average to (say) 1 every 2 months, would my end result have been different? I honestly don't think I'd be a penny higher CL wise today had I been more conservative with my requests and honestly my gut tells me I would actually be at a lower current limit? Why?

Because Discover's #1 denial reason is "not enough experience with current credit limit." All 60+ of my denial letters are for this reason, as is the case for probably 95% of the rest of you. "Experience" here refers to the element of time, not spend like some think. That being said, if the element of time is a factor for your next CLI, getting your CLI sooner simply restarts that clock quicker. Think of it like other lenders like Amex or Cap One that require 6 months between CLIs. One person may request their CLI at 6 months (right when they're eligible) where the other may not do it until 8 months. Now that person is 2 months "behind" the other guy when it comes time to request again; the first guy can do it at 12 months where the other now has to wait until 14 months (from the original start of the race).

I think it’s very much one of those things we will never know.

I will say that getting $3K at once was certainly nicer than getting denials asking sooner and I’m 2 for 2 on my requests right now. I’m happy with my limit though so I’m done asking. I’ll need to have a CLI available if I go to get a second card so I can move some of my limit over.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 03:08:29 GMT

@Anonymous wrote:
I’m happy with my limit though so I’m done asking.

Nothing to sweat on your end then. I was happy with my limit shortly after approval, but at this point I'm simply curious how many bad business decisions Discover will continue to make in raising my limit going forward... a limit that I never reach 1% of in any given cycle. Except groceries... I may actually squeak out 1.25% or so this month.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 03:26:20 GMT

@Anonymous wrote:
@Anonymous wrote:
I’m happy with my limit though so I’m done asking.
Nothing to sweat on your end then. I was happy with my limit shortly after approval, but at this point I'm simply curious how many bad business decisions Discover will continue to make in raising my limit going forward... a limit that I never reach 1% of in any given cycle. Except groceries... I may actually squeak out 1.25% or so this month.

If I didn’t think that it would be good to save some limit potential for a second card for an easy 0% for 14 months to finance a major purchase and still earn 3% back on it (It Miles 1.5% with 1.5% match at a year), I would be smashing the button much more.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

NRB525 — Tue, 26 Feb 2019 04:25:10 GMT

I got my last Discover CLI exactly a year ago, 2/25/2018. $500.
Asked at least once during the past year, nothing more. Not sure if the 0% on purchases and BT affect that.

Anyway just asked again tonight, 2/25/2019 another $500 to $17,500. Better than nothing, but slow going.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

RickNATL — Tue, 26 Feb 2019 09:26:39 GMT

LOL....I agree AverageJoesCredit

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 13:17:49 GMT

@NRB525 wrote:
I got my last Discover CLI exactly a year ago, 2/25/2018. $500.
Asked at least once during the past year, nothing more. Not sure if the 0% on purchases and BT affect that.

Anyway just asked again tonight, 2/25/2019 another $500 to $17,500. Better than nothing, but slow going.

Perhaps you should entertain the approach of many/frequent requests and see how that works for you. If your goal is a greater limit, of course. You may very well find greater success that way, much the way I did.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 14:09:58 GMT

@Anonymous wrote:
@Anonymous wrote:
But there is something to be said for not requesting every 30 days... the $3K was my first time asking in 9 months of having the card and there are people who request every 30 days that never get a CLI.
The counter argument can be made to that, though, where people that request every 30 days have great success with CLI results. I'm probably the biggest CLI requester for Discover there is (60+ denial letters in probably 30 months) and overall I've had strong CLI success, having taken my limit from $12,500 to $44,300. The question then is if I were to have dramatically reduced my CLI requests from 1 every 2 weeks on average to (say) 1 every 2 months, would my end result have been different? I honestly don't think I'd be a penny higher CL wise today had I been more conservative with my requests and honestly my gut tells me I would actually be at a lower current limit? Why?

Because Discover's #1 denial reason is "not enough experience with current credit limit." All 60+ of my denial letters are for this reason, as is the case for probably 95% of the rest of you. "Experience" here refers to the element of time, not spend like some think. That being said, if the element of time is a factor for your next CLI, getting your CLI sooner simply restarts that clock quicker. Think of it like other lenders like Amex or Cap One that require 6 months between CLIs. One person may request their CLI at 6 months (right when they're eligible) where the other may not do it until 8 months. Now that person is 2 months "behind" the other guy when it comes time to request again; the first guy can do it at 12 months where the other now has to wait until 14 months (from the original start of the race).

So, someone may have a Discover CLI on the table waiting to be approved on January 1. If the account holder doesn't submit the request until Feb 1 (getting approved) they "missed out" on that CLI for 1 month. Say when the clock is reset here, the next CLI will be available in 90 days. Had this person made their request (and received the approval) on January 1, they'd be eligible for that next one on April 1... but now due to holding out another month their wait time is until May 1. 1 month doesn't sound like much, but over the course of several years a month here and a month there can definitely add up.

I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing. But....! If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

xaximus — Tue, 26 Feb 2019 14:10:15 GMT

I've actually been following BBS's approach and have been trying pretty consistently weekly. More or less, I've been declined just about every week now. I don't think I've gotten a CLI on my first IT card for a couple of months now. It's been stuck at 15K. I havn't used it since I've opened the new one and have been using that for the CB match and 5% categories. Besides that, not really at all. Maybe I should throw some spending on it to see how that goes for a few months.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

AverageJoesCredit — Tue, 26 Feb 2019 14:17:24 GMT

@Anonymous wrote:
@AverageJoesCredit wrote:
Discover cli is like finding the answer to a magic 8 ball, you have a 50/50 chance of eventually being right
You’re just a credit junkie lol. Smashing that button hoping for a quick fix.

Wiser words never spoken

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 16:00:35 GMT

@Anonymous wrote:
I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing. But....! If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....

You answered your own question at the outset: considerably LESS of a "good thing".

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 16:03:03 GMT

@Anonymous wrote:
But....! If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....

Also: "a thing worth doing is a thing worth doing well."

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 16:28:32 GMT

@Anonymous wrote:
I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing. But....! If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....

Absolutely nothing on an obsolete card outside of the rotating 5% categories, or I guess BT options, which I've never done. For a Transactor, having a Discover limit in excess of (say) $10k is essentially useless, IMO. That doesn't however stop people from trying and/or wanting the highest limit they can get on Discover, as evidenced by the dozens of active CLI-related threads for Discover sprinkled throughout multiple sections of this forum.

As I've stated in the past, I keep asking just to see how many more bad business decisions Discover is going to make and see how much credit they'll ultimately extend me. At this point, for me, it's nothing more than a game and has been for a while really.

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

Anonymous — Tue, 26 Feb 2019 18:28:23 GMT

@Anonymous wrote:
@Anonymous wrote:
I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing. But....! If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....
You answered your own question at the outset: considerably LESS of a "good thing".

The "But...!" indicated that I didn't agree with the premise.