topic Re: Those having DECLINED a Discover CLI, your advice? in Credit Cards

Those having DECLINED a Discover CLI, your advice?

Anonymous — Tue, 19 Mar 2019 12:13:40 GMT

So, I did this for the first time tonight after submitting a request online that was approved. In the past, I've always accepted all Discover CLIs offered. Tonight's CLI offering was $500, which I decided to decline. Immediately after declining it, I closed out of my browser and went back in, making another request. Again, I was offered the $500, which I again declined. The only reason I went back in was to check and make sure that the $500 was still "on the table" for me and that a clock wasn't reset or something.

My question goes out to anyone that has declined a Discover CLI, presumably because it wasn't as good as you were hoping for. If you waited a length of time (be it 1 month, 2 months, 6 months, whatever) and placed another request, at some point did the amount that you declined increase? I'm wondering if the element of time here can increase the amount being left on the table. If not, it would make sense I suppose to just accept what is offered to go ahead and reset the clock to look head to a future CLI. If it is possible for that number to increase however with more time, that's likely what I'll do and then just check back every so often to see if it has gone up.

Any feedback here from those that have experience with declining a Discover CLI would be greatly appreciated.

Re: Those having DECLINED a Discover CLI, your advice?

pinkandgrey — Tue, 19 Mar 2019 13:41:27 GMT

Once they offered me $600. I declined, used the card for a big purchase, and tried again in a few weeks. They offered $2400. YMMV lol. Good luck!

Re: Those having DECLINED a Discover CLI, your advice?

GApeachy — Tue, 19 Mar 2019 13:51:22 GMT

@pinkandgrey wrote:
Once they offered me $600. I declined, used the card for a big purchase, and tried again in a few weeks. They offered $2400. YMMV lol. Good luck!

Would this also work for a starter card once it has become unsecured?

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Tue, 19 Mar 2019 16:30:07 GMT

@pinkandgrey wrote:
Once they offered me $600. I declined, used the card for a big purchase, and tried again in a few weeks. They offered $2400. YMMV lol. Good luck!

Great data point above. That's exactly what I was looking for, as that means it's possible for what's on the table to continue to grow. I suppose I'll let the $500 offer sit and marinate for a while, although I doubt I'll be giving them a big purchase any time soon. In fact, with them having groceries as their 5% category this quarter they've seen a heavier than usual spend from me. In 2 weeks when that's over with my spend may drop down to $60/mo for the next 3 months since it will essentially just become a gas card for Q2 and I don't spend much on gas.

If anyone else has feedback similar to what pinkandgrey offered above, please post about it... or, if anyone has experienced the converse where the CLI left on the table did not increase over a length of time that would be nice to hear about as well.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Tue, 19 Mar 2019 16:44:13 GMT

I don't think I really have much to add in terms of DP help. As all of my previous CLIs have been above $2K, with only the most recent offer at $700. So I declined, and am currently waiting it out to see what happens at 6mo.

All the previous CLIs happened with little usage and very low to zero balances. However, this recent lower offer was amid a higher than my normal balances. So maybe I scared them a bit.

That balance will be payed down about 80% by the 6 Month mark, and I'll see what they say then.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Tue, 19 Mar 2019 17:07:01 GMT

Gotcha. For the sake of the experiment, would you be willing to request another CLI and see if the $700 is still on the table (or possibly increased) since the last time you checked? You can always click the decline button again regardless of what you see.

pinkandgrey, one more question for you: When you saw the increased offer from $600 to $2400, do you recall during the few weeks of time that elapsed whether or not it crossed a new statement cut period?

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Tue, 19 Mar 2019 17:09:33 GMT

I always took what was offered. My inital CL was 10k then I was on the $500 train forever, it seems. After about a year, I had larger increases such as $2500 or more. My CL is now 37k. I believe I have reached my max with them. Good luck!

Re: Those having DECLINED a Discover CLI, your advice?

pinkandgrey — Tue, 19 Mar 2019 18:09:46 GMT

@GApeachy wrote:
@pinkandgrey wrote:
Once they offered me $600. I declined, used the card for a big purchase, and tried again in a few weeks. They offered $2400. YMMV lol. Good luck!
Would this also work for a starter card once it has become unsecured?

I’ve heard of similar situations with secured-to-unsecured cards but as always YMMV

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Tue, 19 Mar 2019 22:26:09 GMT

@Anonymous wrote:
My CL is now 37k. I believe I have reached my max with them.

What leads you to believe you've reached your max? How long has it been since your last CLI? Have you been prompted with IV for a further increase? It's to my understanding that when one reaches the max with Discover and they attempt another CLI they are presented with an IV request (to continue with the CLI), but we don't hear about this often with people hitting the Discover ceiling.

If you are maxed out, do you believe the constrait for further growth is income-related, or something else like overall limits?

Re: Those having DECLINED a Discover CLI, your advice?

CreditInspired — Tue, 19 Mar 2019 23:19:16 GMT

I declined a $700 CLI on 8/18/2018 because it was the lowest CLI I had received since getting my card in Dec 2016.

On 9/28/2018, I tried again and got

a $3K CLI—my largest. Since it was an instant approval, I tried to DD but Disco wanted to do a HP. No way.

Another DP. On 12/8/2018, I got another instant CLI for $2.2K.

Yep, I wrote about it in another

post because I was so excited I had declined the $700 and got a 4.25x larger increase a little over a month later.

Re: Those having DECLINED a Discover CLI, your advice?

CreditInspired — Tue, 19 Mar 2019 23:27:17 GMT

@pinkandgrey wrote:
Once they offered me $600. I declined, used the card for a big purchase, and tried again in a few weeks. They offered $2400. YMMV lol. Good luck!

When I declined the $700 in August and then got $3K in September, I had not made any big purchases. I wanted the increase to buffer a big purchase I was planning.

Re: Those having DECLINED a Discover CLI, your advice?

DaveInAZ — Tue, 19 Mar 2019 23:29:10 GMT

Well, I've never declined a CLI, but the last one I had was $500 in May 2017. In January 2018 my CL was $10,600 and I did a BT for $9k, took the offer of having it deposited directly into the bank account I had used for payments, and took the BT offer of 5.99% APR but no transfer fee. I repaid $4500 of it in a week so that the 90% util wouldn't report to my CR. After the statement cut I paid back the other $4500 + a few bucks in interest. Then I did a CLI request and got $4500, by far the largest CLI they ever offered. I accepted, after thinking it over for a few millseconds. . . .

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Wed, 20 Mar 2019 01:17:56 GMT

@CreditInspired wrote:
I declined a $700 CLI on 8/18/2018 because it was the lowest CLI I had received since getting my card in Dec 2016.

On 9/28/2018, I tried again and got
a $3K CLI—my largest.

Nice reference above and thanks for sharing it! I'll probably sit on this $500 then for a bit and see if it increases. Ironically, if the CLI amount was $700 for me I probably would have taken it, as it would finally have rounded off my xx,300 limit and dialed back my OCD a hair.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Wed, 20 Mar 2019 01:33:43 GMT

Here's the thing. There's no scientific or logical way to analyze what you are looking for.

You could decline the $500 increase and get a $5000 next month. You'll think it was a great idea to decline the increase cause you got a lot more soon. But what if you took the $500 increase now and then got a $4500 increase next month?

Since you have to pick an option, and can't pick both, you don't know what the result would've been if you picked the other option. Even the examples that you got so far fall in line with this fallacy.

I say take whatever increase you get and the apply again in a month.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Wed, 20 Mar 2019 01:49:53 GMT

I've been with discover for almost 2 years and they only gave me a $1500 limit and every 3 months i apply for an increase and they decline me each time so i think i will close the card and just re apply for a different discover card. I think they still have my old file they are looking at because I'm a 750 through all 3 credit bureaus FICO bank 8 and have as pretty good file. I have amex gold and blue card, cap one savor, chase freedom, penfed with all very high limits. Plus 2 car loans and mortgage with no missed or late payments. So i don't understand why they would not increase my limit so i think i will close it and probably just be done with them and get the double cash rewards card with citi bank.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Wed, 20 Mar 2019 02:13:50 GMT

When I was at $1500 and went for a CLI, I saw I could get my credit limit to $2250. I opted to settle at $2000 because I wanted a more perfect number, one that was at least divisible by 500. I'm at $3500 on the card now, which was the last offer I had on the card.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Wed, 20 Mar 2019 03:16:14 GMT

I've had a discover chrome card for 2 years with a 1500 credit limit and every 3 months i try for an increase and get denied and tried again tonight and once again denied lol i have a 750 on all credit bureaus fico bank 8 with great file with 8 accounts with no payment history so i said screw it and went on my Experian app and got approved for a discover it card for$5500 and tomorrow I'll call and have them move the 1500 from the chrome to the new card 😎👍🔥.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Wed, 20 Mar 2019 04:38:03 GMT

@Anonymous wrote:
Here's the thing. There's no scientific or logical way to analyze what you are looking for.

You could decline the $500 increase and get a $5000 next month. You'll think it was a great idea to decline the increase cause you got a lot more soon. But what if you took the $500 increase now and then got a $4500 increase next month?

Since you have to pick an option, and can't pick both, you don't know what the result would've been if you picked the other option. Even the examples that you got so far fall in line with this fallacy.

I say take whatever increase you get and the apply again in a month.

I disagree with your take on it. Multiple people in this thread have stated that their amount left on the table has grown after having left it on there. That was my question originally and it was answered with multiple people saying it can grow. I wasn't sure if the CLI amount offered/denied would remain until it was accepted or not and I got an answer to that. Your argument here is take X now because there's no way of knowing if your next CLI will be Y or Y-X. That's not what I was asking, though, and the answer to that (which can't be determined) doesn't interest me.

Re: Those having DECLINED a Discover CLI, your advice?

FinStar — Wed, 20 Mar 2019 05:00:45 GMT

@Anonymous wrote:
@Anonymous wrote:
Here's the thing. There's no scientific or logical way to analyze what you are looking for.

You could decline the $500 increase and get a $5000 next month. You'll think it was a great idea to decline the increase cause you got a lot more soon. But what if you took the $500 increase now and then got a $4500 increase next month?

Since you have to pick an option, and can't pick both, you don't know what the result would've been if you picked the other option. Even the examples that you got so far fall in line with this fallacy.

I say take whatever increase you get and the apply again in a month.
I disagree with your take on it. Multiple people in this thread have stated that their amount left on the table has grown after having left it on there. That was my question originally and it was answered with multiple people saying it can grow. I wasn't sure if the CLI amount offered/denied would remain until it was accepted or not and I got an answer to that. Your argument here is take X now because there's no way of knowing if your next CLI will be Y or Y-X. That's not what I was asking, though, and the answer to that (which can't be determined) doesn't interest me.

Regardless, an equally valid point from a different set of data points and perspective, no? Or would you also discount those responses from those individuals who also offered the opposite results?

Equally evident is the fact that since no one here has any intimate knowledge on the algorithms or the UW methodology for Discover or any of its products, then @Anonymous's point is still valid. So, just because a few individuals may have had some success on that front with declining a CLI or eventually obtaining something higher at some point does not necessarily mean that's a set pattern for everyone since the individual profile will still play a significant or quantitative role, and at some point you will reach the max threshold before POI would be requested. Of noteworthy, the individuals who provided DPs on their growth do not have the same CL that you do, let alone the income/DTI or other factors which potentially impacts on whether growth happens.

So, to the subject of this thread "Those having DECLINED a Discover CLI, your advice?" there's going to be opinions and/or responses from the opposite side who will also wonder "why not just accept it...or who would decline it if offered?" To a variety of folks $500 is $500. To others, not so much. So both outcomes are acceptable.

Re: Those having DECLINED a Discover CLI, your advice?

Anonymous — Wed, 20 Mar 2019 07:54:13 GMT

I've been with Disco for 11 months. I stared out with a 3k limit. Every three months or so I would request a increase and get offered 3k. Disco and I did that dance until I hit 12k. About a month or so ago I got the itch again and requested....they offered me $1500 😳 I couldn't believe it! I declined and waited a week. I went back and boom another $1500 🤭 And again I couldn't believe it. I began to think Disco didn't love me anymore 🥺 so I waited....I went back and tried to dance one more time and it must have been my cologne or something because she remembered me and I could tell she missed me. $4,000 increase 😆😄😎