topic Discover Questions? in Credit Cards

Discover Questions?

Anonymous — Sat, 14 Sep 2019 02:18:30 GMT

For CLI's what type of usage do they like? Also who do they SP for the CLI?

I have had the regular rewards card 1 year 4 months 9500.00 CL with about 100.00 a month give or take usage on it as I have better cards. Im thinking of doing a PC to the Rotating Catagories card to get more use out of it.
I have other cards with 15k and 16k limits.

Thanks?

Re: Discover Questions?

K-in-Boston — Sat, 14 Sep 2019 03:19:55 GMT

The only thing predictable about Discover CLIs is that they are unpredictable. Some see CLIs with usage, others see gigantic CLIs with zero usage.

I believe they use the TU FICO 08 score shown in your account at the time of request, but if not I have a mountain of “Not Enough Experience With Current Credit Limit” letters showing a TU 08 score.

Re: Discover Questions?

AverageJoesCredit — Sat, 14 Sep 2019 11:56:31 GMT

Normally people who get big sl like yours tend to see fsster growth than others and usually see bigger cli but you gotta smash the button to find out. Usage can go either way and very much YMMV. I still like to believe using it is better than not becsuse what lender doesnt want their card used.

Re: Discover Questions?

M_Smart007 — Sat, 14 Sep 2019 16:38:50 GMT

@AverageJoesCredit wrote:
Normally people who get big sl like yours tend to see fsster growth than others and usually see bigger cli but you gotta smash the button to find out. Usage can go either way and very much YMMV. I still like to believe using it is better than not becsuse what lender doesnt want their card used.

I can think of a few .You WON'T use

Re: Discover Questions?

AverageJoesCredit — Sat, 14 Sep 2019 16:56:16 GMT

Touche Smartie Touche

Re: Discover Questions?

Anonymous — Sun, 15 Sep 2019 01:00:40 GMT

My TU FICO8 is at 729 and I have a CH7 that I can EE in December. Maybe I should wait til then? I did try at around 9 months however I don't remember why I was turned down for the CLI?
When I applied they asked some strange questions such as assets and net worth that I have never been asked on a credit app before. It was a Pre Approval and I had Discover IIB 9.6 years ago.

Re: Discover Questions?

Remedios — Sun, 15 Sep 2019 01:05:43 GMT

Those are not strange questions. They are present during the app, and need to be filled in every time you ask for CLI. It's same for everyone
With that said, you're barely using 1% of your SL, so there is very little motivation there for them to give you even more.
Sometimes Disco will grant increase despite lack of use, while quote lack of use as a denial reason for others.
It's a SP so feel free to try.

Re: Discover Questions?

Anonymous — Sun, 15 Sep 2019 01:06:47 GMT

If you’re only 2-1/2 months from EE on a BK7 i would think your chances will go up considerably. Good thing with Disco is you can ask as often as you like...

Re: Discover Questions?

Anonymous — Sun, 15 Sep 2019 06:49:08 GMT

Thanks guys.
No one thinks the intial app questions of net worth and how much savings in the bank are digging deep? I have never been asked these and im not a kid anymore.

Re: Discover Questions?

Anonymous — Sun, 15 Sep 2019 10:30:56 GMT

I don’t particularly think so. It’s a form of due diligence. If they requested access, then that’s a different conversation, but simply asking doesn’t particularly bother me.

Re: Discover Questions?

Remedios — Mon, 16 Sep 2019 20:03:18 GMT

@Anonymous wrote:
Thanks guys.
No one thinks the intial app questions of net worth and how much savings in the bank are digging deep? I have never been asked these and im not a kid anymore.

No, they are very reasonable. These are not the questions you would want a child answering, but a grown up who is trying to borrow money, and them as a lender are trying to assess our ability to repay.

You're fresh out of BK, I am sure you understand the value of savings and assets, especially if employment situation changes for the worse.

If you are uncomfortable with providing those numbers or do not have any, you can put $0.00 in those fields.