topic Re: Discover it CLI Declined in Credit Cards

Discover it CLI Declined

Anonymous — Thu, 11 Jul 2013 20:20:39 GMT

I've had my Discover IT for 5 months and applied for a CLI today, and got declined. The representative was kind of confused as well seeing that i've PIF every month and i don't have that much outstanding debt on my cards....does anyone know if Discover is typically stingy with their lines? this is my first line of credit with them in general. I also have a Wal-Mart Discover but don't necessarily count them in this matter.

Any advice would be great!

CLS

Re: Discover it CLI Declined

manwoot — Thu, 11 Jul 2013 20:21:40 GMT

Discover is known around these parts to be VERY stingy with their credit lines.

Sorry to hear about your denial.

Re: Discover it CLI Declined

09Lexie — Thu, 11 Jul 2013 20:24:01 GMT

Re: Discover it CLI Declined

Awesomely — Thu, 11 Jul 2013 20:26:21 GMT

Soft pull or hard pull? Since your account is new and it hasn't reached 6th months yet since maybe that's why.

Re: Discover it CLI Declined

Anonymous — Thu, 11 Jul 2013 20:35:19 GMT

they said they would send me a letter. I will keep you all posted. She said very strictly it's soft pull since it's a established account.

One of the things i learned on the phone from the CSR is that "established accounts" are accounts that are 3 to 12 months of age, "well establish accounts" are 12-36 months old, "outstanding accounts" are 37+ months old. apparently, their underwriters use this and our fico scores to determine CLI, including automatic. Most Discover IT accounts are automatically reviewed after 6 to 12 months for an increase. Maybe I applied a bit too soon. We'll see...

Re: Discover it CLI Declined

Awesomely — Thu, 11 Jul 2013 21:01:09 GMT

Yeah that's the reason, try and call back again in 3 months and if you still get declined through a soft and you really want an increase try for a hard pull, you will most likely get at least something.