topic Re: CLIs on Graduated Discover Cards in Credit Cards

CLIs on Graduated Discover Cards

RehabbingANDBlabbing — Sun, 24 Nov 2019 15:30:53 GMT

Has anyone gotten a credit line increase on their Discover card after it graduated? By this, I am talking about any CLIs that occured after the one you may have gotten after the one you got when your card graduated. I am asking this because I run a lot of spend through my card with them, but I think it has now been a year since my card graduated and I have not gotten any CLIs since then. My credit scores haven't moved a lot over the last year and my credit utilization is high (paying down other debts), so I am thinking these factors are what is holding me back. Below is a graphic about the spending I have done on the card.

Re: CLIs on Graduated Discover Cards

outofcredit — Sun, 24 Nov 2019 16:21:42 GMT

Mine graduated October 2018 after 30 months secured. Modest cli at graduation, $200 to $750, nothing since. I haven't actually asked often, maybe a couple times, because like you, my utilization has been high and my scores pretty much stagnant. Nothing on the prequalifier for a second card either but I have 3 unpaid collections still reporting that won't fall off until next year. Perhaps once those fall off along with most of my inquiries from 2018 my profile will be better suited to request a cli and/or a second card.

Re: CLIs on Graduated Discover Cards

OmarGB9 — Sun, 24 Nov 2019 16:23:29 GMT

Yea consistent high util will probably keep you from growing.

Re: CLIs on Graduated Discover Cards

Anonymous — Sun, 24 Nov 2019 17:14:23 GMT

I could swear that I've read about people getting credit limit increases from discover after graduation. But I think discover has become a little temperamental lately. I've been scared to even attempt a credit limit increase after what I've read.

Re: CLIs on Graduated Discover Cards

spiritcraft1 — Wed, 27 Nov 2019 18:16:57 GMT

I received a bump from $1k to 1.5k upon graduation 5 months ago. Nothing else yet including two denials for self inflicted CLI's. 1% UTI.

Edit: Make that 3 CLI denials

Re: CLIs on Graduated Discover Cards

RehabbingANDBlabbing — Sun, 24 Nov 2019 17:35:57 GMT

@spiritcraft1 I think this is exactly the kind of info I am looking for. I am wondering if there are cases of CLIs past the initial one at graduation.

Re: CLIs on Graduated Discover Cards

spiritcraft1 — Sun, 24 Nov 2019 18:25:28 GMT

@RehabbingANDBlabbing wrote:
@spiritcraft1 I think this is exactly the kind of info I am looking for. I am wondering if there are cases of CLIs past the initial one at graduation.

I haven't seen anything recently but I could swear there are some out there that had their CL grow large. In a little over a year, they will have no excuse!

Re: CLIs on Graduated Discover Cards

I_Love_Cards — Sun, 24 Nov 2019 20:17:57 GMT

My card unsecured December 2018 and got a $1000 CLI at that time. I requested a CLI and was given $300 in September 2019.

I have a second Discover card (never secured) opened in August 2018 with $1000 CL. It got an auto-increase to $1600 in April 2019. I requested a CLI and gave me another $300 in June 2019.

I request CLI on both cards monthly.

My score shot up about 50-60 pts in June 2019. Util has ranged from 1-24% in the time I’ve had the cards. I do have a zillion new accounts (almost everything in my signature is less than 2 years old). I suspect Discover is not fond of that.

My Discover cards are some of my lowest, and slowest moving Bankcard limits. As such, they are some of my least used.

Re: CLIs on Graduated Discover Cards

Anonymous — Sun, 24 Nov 2019 20:25:45 GMT

@Anonymous wrote:
... But I think discover has become a little temperamental lately. I've been scared to even attempt a credit limit increase after what I've read.

What have you read?

Re: CLIs on Graduated Discover Cards

Anonymous — Sun, 24 Nov 2019 20:59:20 GMT

@Anonymous wrote:
@Anonymous wrote:
... But I think discover has become a little temperamental lately. I've been scared to even attempt a credit limit increase after what I've read.
What have you read?

I've been reading about those tax forms discover has been handing out lately. I'm assuming this is because they're tightening the purse strings.

Re: CLIs on Graduated Discover Cards

FireMedic1 — Mon, 25 Nov 2019 10:05:34 GMT

You may not want to do it. But. You could apply and usually the second card is what opens the door to higher SL's and larger CLI's. It worked in my case. I didnt have secured. But 1st card which is now closed was $1200 out of BK in 2015. 2cd was if I remember correctly was $7800 in late 2017. Now $15,000. I think I was 720's then. No one has ever said the graduated card is in a bucket. Although I dont ever remember reading high CL's that started as a secured. Just a thought. Might be worth it.

Re: CLIs on Graduated Discover Cards

FireMedic1 — Mon, 25 Nov 2019 10:07:46 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
... But I think discover has become a little temperamental lately. I've been scared to even attempt a credit limit increase after what I've read.
What have you read?
I've been reading about those tax forms discover has been handing out lately. I'm assuming this is because they're tightening the purse strings.

Thats for the big money players. There's a few here

Re: CLIs on Graduated Discover Cards

JamP — Wed, 27 Nov 2019 00:56:17 GMT

My DW secured card graduated a long time ago and she runs around 800 credit score and it has received 300 cli increases every so often maybe every 3 to 6 months if shes lucky. Nothing much lately. It started at 200 CL and now is at 3300. It definitely has not grown like my Discover card.

I've thought about having her apply for a new IT card and see if she could roll the old IT card into the new IT card.

Re: CLIs on Graduated Discover Cards

RehabbingANDBlabbing — Thu, 28 Nov 2019 15:53:24 GMT

@JamP yeah I am definitely starting to think these cards are a bit handicapped after graduation. I helped my uncle apply for a Discover It about 6 months ago for a 0% BT offer. He had a relatively thin file and scores in the high 600s. They started him at $10,000 and gave him an automatic increase to $12,000 after just 3 months of having the card.

Re: CLIs on Graduated Discover Cards

RehabbingANDBlabbing — Thu, 12 Dec 2019 21:14:51 GMT

UPDATE: Well I hit the button again this month. I received a letter in the mail today from Discover giving a legitimate reason for denying my CLI requests. It basically lists the same reason stated three different ways:

"BUREAU REPORTS TOO MANY REV ACCTS W/HIGH BAL TO CREDIT LINE RATIO"

"BUREAU REPORTS INCREASING BAL TO CREDIT LIMIT RATIO ON OPEN TRADES"

"BUREAU REPORTS HIGH BALANCE HISTORY ON BANKCARDS."

Thery also mentioned my score in the letter, which was 649 at the time. They referenced the one they pull each month that is shown on my statement, so they didn't pull a fresh one specifically for this request. I definitely understand and recognize the issues they are referring to and I am actually glad I got a real answer, rather than "NOT ENOUGH EXPERIENCE AT CURRENT CREDIT LIMIT" BS they had been saying for a year since my card graduated.

The good news is that my open cards will all be paid off in 2-3 months, so I will request a CLI after those are done and reporting at zero. Hopefully, Discover will be more cooperative then. I will also mention that I believe it has been one full year now since my card graduated, so maybe there is some kind of restriction on the timing of CLIs after a secured card graduates.