topic Re: Discover CLI? in Credit Cards

Discover CLI?

DiabolicallyRandom — Sat, 02 Nov 2013 00:40:36 GMT

So I was just looking around my Discover account and when I pushed on the credit limit increase button this form comes up:

Requesting an increase to your credit line is easy. Tell us the amount you would like your credit line to increase by and provide some of your employment and financial information to help us with our decision. This request may also require us to pull a credit bureau report, which may affect your credit score. Most decisions are immediate, however it may take up to two business days.

*All fields are required.

Requested Credit Line Increase *

Enter the amount by which you would like to increase your credit line. Your cash line may be increased proportionally. This request will not affect your credit score.

Current Credit Line	$	6,000
Requested Credit Line Increase	+ $

Total Credit Line (Pending Approval)	= $	6,000

Does this mean it will be a HP or a SP? Im a bit confused because it sort of says both. Anyone have any experience with this?

Re: Discover CLI?

negg — Sat, 02 Nov 2013 01:03:27 GMT

I've never used the love button. Disc been pretty generous with me and CLI. Started at 1000k now 2900. Started June 2012.

GL

Re: Discover CLI?

myjourney — Sat, 02 Nov 2013 01:14:54 GMT

Congarts

Re: Discover CLI?

coldnmn — Sat, 02 Nov 2013 01:16:05 GMT

It says it will not affect your credit score so it would be a soft pull. IMHO If they don't approve they may counter or call you and ask to do a hp.

Re: Discover CLI?

DiabolicallyRandom — Sat, 02 Nov 2013 01:36:12 GMT

@09Lexie and myjourney It was a question about a cli lol

I havent actually made the request.

@coldnmn I sort of thought so, except for the first part. Im really tempted to push it, but I dont want a HP. I dont really have a need for more credit through them other than just general credit limit greed.

Re: Discover CLI?

09Lexie — Sat, 02 Nov 2013 02:05:43 GMT

It's a sp, if they need to do a hp they will let you know bad give you an opportunity to cancel.

Re: Discover CLI?

DiabolicallyRandom — Sat, 02 Nov 2013 02:13:21 GMT

OKay. Thanks! Now its a matter of deciding how greedy to be.

Re: Discover CLI?

DiabolicallyRandom — Sat, 02 Nov 2013 02:14:15 GMT

Does Discover counter? Or do you need to get your numbers right the first time?

Re: Discover CLI?

09Lexie — Sat, 02 Nov 2013 02:15:24 GMT

This is why I call..for some reason when I call they ask, two ways : how much or the most the computer will give without a hp?

Re: Discover CLI?

DiabolicallyRandom — Sat, 02 Nov 2013 02:21:51 GMT

Yeah, that seems lke the wiser approach. I dont like it when its a guessing game. Too much anxiety.

Re: Discover CLI?

OptimalCS — Sat, 02 Nov 2013 10:01:57 GMT

I get the argument that the card needs to be used more frequently but I think there is a sense of arrogance on Discover's part to believe that I should first use their card more in order to get a higher CLI. I run on average $4k through my Citi card each month bc they wisely gave me a high CLI from $6000 to $20000 in less than a month after opening the card.

I get that every lender is different but why should I budge first!? I'm the consumer. They need me more than I need them.

I set hold that I have really good score if my scores don't qualify as good I might as well give up on this credit monitoring thing.

I like the Discover brand (that's why I applied for the it card) but I personally feel that they are TOO CONSERVATIVE !!!

Re: Discover CLI?

Anonymous — Sat, 02 Nov 2013 10:57:11 GMT

There is an old saying: "... the man who has the gold rules..." So you do not desire to budge and then don't have the CL you desire. Understand your point of view but, I have found few lendors that cared whether I stayed or went as a customer. Moral of the story, do what you have to for a CL you want. Of late, Discover has become more flexible for those with good FICO Scores like yours. May be time to set principle aside and go after your CLI.

Re: Discover CLI?

lg8302ch — Sat, 02 Nov 2013 11:07:57 GMT

I have tried both ways online and phone in the past 3 months. While online you will have to set a figure and cannot let the computer offer an amount the CSR over the phone has this option. From my attempts and experience I would recommend to do it over the phone. For me unfortunately the result was the same in July and October - a no go for SP CLI. I will now give up and wait until next year and then do a HP. Or maybe I will try again once I see an account review on my reports ..Good luck

Re: Discover CLI?

Anonymous — Sat, 02 Nov 2013 11:12:23 GMT

My best experience is using the csr on the phone as they seem to have some control on the SP or HP and may assist with an approvalable dollar amount.

Re: Discover CLI?

Gunnar419 — Sat, 02 Nov 2013 13:18:59 GMT

@DiabolicallyRandom wrote:
Does Discover counter? Or do you need to get your numbers right the first time?

They counter.

My experience is also what others said, that the luv button is SP and they'll tell you if they need to do an HP, but I agree the wording is confusing.

Re: Discover CLI?

DiabolicallyRandom — Sat, 02 Nov 2013 16:22:31 GMT

They didnt have a SP increase for me.

I also dont use my discover that often. I put it to some decent use over the summer because of the 5% category, but almost no use since then. I suppose I shouldnt be surprised. While I really like Discovers customer service, the card doesnt fit into my spending as much as I would have thought. Perhaps it will see some good usage in the next few months.

Re: Discover CLI?

RnJ — Sun, 03 Nov 2013 05:39:10 GMT

I'm of the mind I don't think it matters so much how much spending you put through the card for chances of CLI. It seems it's rather a crap-shoot with Discover for everyone. Not that I mean that in a bad way, but I don't think anyone will ever *discover* their internal algorithms.

As for the online luv button, if it doesn't approve your cli request, it will either counter or tell you it will require a review (HP), which you can then cancel the request. Or you can call a CSR and see if they can approve with a SP. If they can't, they'll tell you it will be a HP in which you can accept or decline.