topic Re: How Soon To Ask Discover For a CLI in Credit Cards

How Soon To Ask Discover For a CLI

Anonymous — Thu, 10 Jan 2013 01:32:15 GMT

I have a New Discover It Account . I was wondering when to ask for a CLI . Thanks

Re: How Soon To Ask Discover For a CLI

nick125 — Thu, 10 Jan 2013 01:34:02 GMT

It's six months minimum before Discover will even consider a CLI request. I know this because I've had my Discover account for five months, two weeks...

Re: How Soon To Ask Discover For a CLI

Anonymous — Thu, 10 Jan 2013 01:40:18 GMT

@nick125 wrote:
It's six months minimum before Discover will even consider a CLI request. I know this because I've had my Discover account for five months, two weeks...

will it be a SP or HP?

Re: How Soon To Ask Discover For a CLI

CreditWorld2013 — Thu, 10 Jan 2013 01:43:30 GMT

@Anonymous wrote:
@nick125 wrote:
It's six months minimum before Discover will even consider a CLI request. I know this because I've had my Discover account for five months, two weeks...
will it be a SP or HP?

That varies. If Discover needs a Hard Pull they will ask you if they can continue and if not it was a soft pull and account review.

Re: How Soon To Ask Discover For a CLI

Anonymous — Thu, 10 Jan 2013 01:49:11 GMT

@CC365 wrote:
@Anonymous wrote:
@nick125 wrote:
It's six months minimum before Discover will even consider a CLI request. I know this because I've had my Discover account for five months, two weeks...
will it be a SP or HP?
That varies. If Discover needs a Hard Pull they will ask you if they can continue and if not it was a soft pull and account review.

What is the best way to do it Online or Call-In ? I refuse to have any more HP's this year and maybe next year too.

Re: How Soon To Ask Discover For a CLI

randeman — Thu, 10 Jan 2013 02:01:01 GMT

I was told by Discover account managers that it's always a hard pull if the customer initiates it. Soft if they do it.

Re: How Soon To Ask Discover For a CLI

navigatethis12 — Thu, 10 Jan 2013 02:06:32 GMT

@randeman wrote:
I was told by Discover account managers that it's always a hard pull if the customer initiates it. Soft if they do it.

Well I initiated it online and was decline. About two weeks later I get a ring from an analyst who says she can do it for me. She said it would be a soft on Transunion and I got it. Just a few days ago I did it with a chat representative and it was another soft pull approval. Some people have said different accounts are coded to always be a hard inquiry.

Re: How Soon To Ask Discover For a CLI

Anonymous — Thu, 10 Jan 2013 02:12:07 GMT

@navigatethis12 wrote:
@randeman wrote:
I was told by Discover account managers that it's always a hard pull if the customer initiates it. Soft if they do it.
Well I initiated it online and was decline. About two weeks later I get a ring from an analyst who says she can do it for me. She said it would be a soft on Transunion and I got it. Just a few days ago I did it with a chat representative and it was another soft pull approval. Some people have said different accounts are coded to always be a hard inquiry.

Thanks navi. That's great to know

Re: How Soon To Ask Discover For a CLI

E150GT — Thu, 10 Jan 2013 05:14:13 GMT

I would just wait. Discover loves to increase my limit every six months. My limit has more than doubled since I got the card in 2011. I never asked for one and I never got another HP.

Re: How Soon To Ask Discover For a CLI

chnceit — Thu, 10 Jan 2013 05:29:11 GMT

Discover is 6 months and its an auto CLI

If you are not eligible for a CLI and a its initiated from cutstomer then its a HP

If you are eligible for a CLI then the CLI button appears online on your main page.

Re: How Soon To Ask Discover For a CLI

tennisfan78 — Thu, 10 Jan 2013 05:30:58 GMT

@E150GT wrote:
I would just wait. Discover loves to increase my limit every six months. My limit has more than doubled since I got the card in 2011. I never asked for one and I never got another HP.

what is your starting limit and what is your current limit? Thanks

Re: How Soon To Ask Discover For a CLI

Anonymous — Thu, 10 Jan 2013 05:33:49 GMT

So, Discover is good about giving out CLIs, eh? If your scores are decent and you always PIF, do they typically 2x your CLI every 2 months? If so, that's great news!

Re: How Soon To Ask Discover For a CLI

randeman — Fri, 11 Jan 2013 12:45:29 GMT

My personal experience with Discover is a $500 increase every two months or so. I have never requested an increase. I opened with a $4000 limit and it has been raised periodically to $5250 exactly a year later. I do often carry a balance as that was the other point that the account manager made (other than they HP'd when a cardholder asks for an increase) that they look at your usage and payment record and automatically adjust the CL periodically.

Re: How Soon To Ask Discover For a CLI

Anonymous — Fri, 11 Jan 2013 13:28:29 GMT

So - the acct. mgr. said to keep a balance? I've been PIFing my Discover bills before statement cut. Based on this, I had better start letting the money post first. Very helpful info. that you've shared here. Mucho thanks!!

Re: How Soon To Ask Discover For a CLI

jsickz32 — Fri, 11 Jan 2013 13:53:00 GMT

My IT's 6th statement ended yesterday but it hasnt generated a statement yet! I let a small balance report to make sure id get one. Account already shows new payment date. I didnt get a auto cli but im not sure if i should press the luv button or wait for statement to generate.

Re: How Soon To Ask Discover For a CLI

ObeyJohnny12 — Fri, 11 Jan 2013 15:20:39 GMT

@chnceit wrote:
Discover is 6 months and its an auto CLI

If you are not eligible for a CLI and a its initiated from cutstomer then its a HP

If you are eligible for a CLI then the CLI button appears online on your main page.

That's odd. I had my Discover card for more than 6 months and i never recieved a CLI despite it shows Request a Credit Limit Increase button on my main page. Everytime i click it, it says

"We're Sorry.

Your credit limit increase request cannot be processed at this time. For assistance, please call Discover"

Guess It will be a hp for me then.

Re: How Soon To Ask Discover For a CLI

jsickz32 — Fri, 11 Jan 2013 15:22:25 GMT

I just tried it too and got the "we're sorry" should i call?

Re: How Soon To Ask Discover For a CLI

ObeyJohnny12 — Fri, 11 Jan 2013 15:27:37 GMT

@jsickz32 wrote:
I just tried it too and got the "we're sorry" should i call?

You can try and see what they tell you.

I tried calling but it would be a hp according the rep since I'm iniciating it.

i tried telling her if she could do it via a soft pull but she had no idea what i was talking about. Lol.

Re: How Soon To Ask Discover For a CLI

jsickz32 — Fri, 11 Jan 2013 15:30:31 GMT

I dont care about the HP. My statement hasnt generated yet but it should get the email later today. When i get it ill try online again and if i get the "we're sorry" ill call

Re: How Soon To Ask Discover For a CLI

Sitori — Fri, 11 Jan 2013 15:32:09 GMT

So is this done completely randomly? It seems everyones answers are different. is it based on your usage, if you PIF, carry a balance, length the account's been open or what?? lol

I just got mine in november and put a pretty hefty dent in it over the holidays. I only have a 1700 CL, charged around 1400 and after paying a bit im down to 1000 but will pay it off in the next few weeks.(i hope). I wonder if running it up that high and then paying it down so fast will have some sort of affect on it. Some say to always PIF and some say dont. Who knows...its so confusing. Does the overall UTL (on all your CCs) have an impact on your increases? I was thinking about applying for another card, such as walmart, just because i know they will start me off with a high limit and it'll help my overall UTL since I will barely use it. Is that a good idea if I have a high UTL usage right now?

BTW...Do you just periodically check to see if the CLI increase button is on your main page? or is it in that drop down menu? If you click on it, do they automatically do a SP to give you an answer?