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Discover CLI - Data Points

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UncleB
Credit Mentor

Discover CLI - Data Points

Hello friends!

 

In the past I've received two CLIs on my Discover card that was opened last July.  The first CLI was for $500 in November, and the second was in March, also for $500.  I have been carrying a 0% balance transfer in addition to making 'category' purchases, so the card both sees a lot of smaller swipes and has been carrying a balance of around $3k.  My payments have historically been around $500 each month.  My SL was $5500, and the two CLIs made my limit $6500.

 

With my new account 0% promo coming to an end, I transferred most of the balance over to my new BBR, leaving my Discover with a balance of around $600.  I tried for a CLI a couple of weeks ago knowing I was a little early (it hadn't been 90 days yet) but also knowing many people have been successful after getting a "2-3 day" message.  Since I've seen a significant jump in my TU as reported by Discover (717 in April, and jumped to 771 in May) I figured it would be OK if somebody took a look.  I was wrong, though - there was no "2-3 day" message, only an instant message telling me they couldn't give me a CLI at this time.  I admit I was a bit shocked (nothing?  really?...)

 

Now that 90 days has officially passed, I figured I would give it another shot... after a few seconds I saw the infamous 'slider bar' and a message telling me I was approved for a CLI up to $4kSmiley Surprised

 

Of course I took it all, and my new credit line is now $10.5kSmiley Very Happy

 

I don't know what prevented me from getting the same "2-3 day" message a few days back that so many others report getting, but in any case they certainly made up for it today.  I would have been pleased with a $2k increase, but $4k is fantastic.  (Keep in mind my resources are likely more modest than many on here, so even with good scores I didn't expect them to be this generous, and yes, I was honest).

 

My new accounts from May are still not reporting, and once they do (likely all at once) I'm sure my scores will take a dip, but that's OK, and is expected.  That's why we work hard for good scores, after all... to be able to get accounts we want, right?

 

I suspect this will be the last 'super CLI' I see from Discover; going forward my swipes with them will be small and basically only for purchases in their quarterly categories so I'll probably only use a small part of my current credit line, anyway.  I'm thankful that everything fell into place with the calendar such that my score is peaking right when I paid down the large balance.

 

I tend not to pay much attention to overall credit lines, but some quick math indicates with my May approvals and my recent Synchrony CLIs I'm now well over $100k total for the first time ever.  Other than a possible bump on my QS Visa in a few weeks which is anything but guaranteed (they said no to my QS MasterCard due to lack of use) I'm probably done with CLIs.   I'm not saying it wouldn't be possible to eek out a few more dollars, just that it wouldn't be meaningful or even useful, so I probably won't bother.

 

Hopefully the data points here will be helpful to somebody!  Smiley Happy

 

As always, I appreciate the encouragement and support of all my friends here... without you guys none of this would have been possible!   wavey_zps81xnuobx.gif

 

 

 

Edit:  can't spell

Message 1 of 44
43 REPLIES 43
Anonymous
Not applicable

Re: Discover CLI - Data Points

Wow! Congrats UncleB. I'm hoping to get some nice CLI this month too Smiley Happy.

Message 2 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@Anonymous wrote:

Wow! Congrats UncleB. I'm hoping to get some nice CLI this month too Smiley Happy.


Thanks so much!  Smiley Very Happy

 

I hope you get treated "right" by them as well!  Smiley Very Happy

Message 3 of 44
Loquat
Moderator Emeritus

Re: Discover CLI - Data Points

Congrats on the very nice increase UncleB!

Message 4 of 44
Anonymous
Not applicable

Re: Discover CLI - Data Points

Congrats!

Message 5 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@Loquat wrote:

Congrats on the very nice increase UncleB!


Thanks so much, my friend!  Smiley Very Happy

Message 6 of 44
redpat
Senior Contributor

Re: Discover CLI - Data Points

Congrats.

 

They gave you a CLI that you will never use because the 0% and double cash back promotion expired.  

 

As a data point I think most have received large CLI after the 0% promo.

Personal Cards: Amex Delta Res | CSR | Citi AA Exec | Citi Strata Premier Business Cards: Ink+ | Amex BBP
Message 7 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@redpat wrote:

Congrats.

 

They gave you a CLI that you will never use because the 0% and double cash back promotion expired.  

 

As a data point I think most have received large CLI after the 0% promo.


Thanks!  Smiley Very Happy

 

That could be it... but in my case I've actually got another six weeks left before I lose the promos, but perhaps that's close enough. 

 

I tend to think the large payment and score boost combined likely made a significant difference, but it's a toss-up on if it had only been one or the other what the results would have been.

 

I might see if I can get the 'customary' $500 bump in September to make the credit line an even $11k, but I'm actually fine if they leave it where it is.  The 'hunt' is fun for a while, but I'm actually glad I've finally got credit lines that are for the most part where I want them, and I can steer my concentration toward something else.  (With the notable exception of Amex, but that's a whole 'nother story, and is beyond my control at this point.)  Smiley Happy

 

I've got a few cards, namely USAA, Care Credit, and Belk that I could probably push a little further, but I don't see the point.  In the case of USAA and Care Credit a HP would be necessary, so there's definitely no point, and with Belk, Credit Solutions is always there if I change my mind later.  Smiley Wink

 

(First-world problems, right?)

Message 8 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@Anonymous wrote:

Congrats!


Thanks, CMSA!  Smiley Very Happy

Message 9 of 44
RonM21
Valued Contributor

Re: Discover CLI - Data Points

Congrats Unc!!! You've been on a major run! Quietly, I've been on one of my own that is big, but haven't really said much about it yet, or updated my sig. I'm still waiting on some things to play out, then I'll post on it. But congrats on all the success!!!


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 10 of 44
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