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Discover CLI - Data Points

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myjourney
Super Contributor

Re: Discover CLI - Data Points

Looking good UncB 

Congrats and keep up the good work 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 21 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@Anonymous wrote:

Very nice,,, congrats !!


Thanks Mia!  Smiley Very Happy

Message 22 of 44
Anonymous
Not applicable

Re: Discover CLI - Data Points

Thanks for sharing. Looking forward to my Discover it increases. 

Message 23 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@myjourney wrote:

Looking good UncB 

Congrats and keep up the good work 


Thanks, MJ!

 

I will continue to "sing the virtues" of gardening... and I'm enjoying my own time there now!  Smiley Very Happy

Message 24 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@Anonymous wrote:

Thanks for sharing. Looking forward to my Discover it increases. 


You're very welcome!  Smiley Very Happy

 

If they are stingy at first just hang on... I'm proof that they can be very generous when the stars are aligned correctly... LOL!  Smiley LOL

Message 25 of 44
Anonymous
Not applicable

Re: Discover CLI - Data Points

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.

 

Not necessarily. I've spent very little on my Discover card, and my last two increases were $4500 and $5000. But, after I finally spent some real money in April, (needed car repairs), I got the 3-5 day buzz off message in May and again this month.

Message 26 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@Anonymous wrote:

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.

 

Not necessarily. I've spent very little on my Discover card, and my last two increases were $4500 and $5000. But, after I finally spent some real money in April, (needed car repairs), I got the 3-5 day buzz off message in May and again this month.


That's good to know!  Smiley Very Happy

 

Unlike many folks on here I don't have a high income on my side, so I've got that working against me as well.  In any case it's OK either way (it's certainly fine now) but when September rolls around I'll probably give it another try just to see what happens.  If they tell me to 'buzz off' I won't be complaining, though... I might share the details here for others, but I certainly won't be upset.  Smiley Happy

 

Of course Discover can also be hard to predict at times (as your example reminds us)... thanks for letting me know there might be more to look forward to!  Smiley Very Happy

Message 27 of 44
Anonymous
Not applicable

Re: Discover CLI - Data Points

Unlike many folks on here I don't have a high income on my side, so I've got that working against me as well.

 

You and me both. In fact, at $21,250 my Discover is already over half my annual income.

Message 28 of 44
Anonymous
Not applicable

Re: Discover CLI - Data Points

Congrats UB! Nice! 

 


@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.


Not necessarily . Discover had been known to offer 0% purchase APR for 'retention. I got my card in 2013, only used it for a series of BTs before I found MF. I then started askiing for CLIs, got in on the double cash and then got a 0% offer when I just called about lowering APR while gardening. Worked out to be a fab thing with the double cash, particularly during the Apple Pay thing. 

 

DIscover does some neat and surprising things. 

Message 29 of 44
UncleB
Credit Mentor

Re: Discover CLI - Data Points


@Anonymous wrote:

Congrats UB! Nice! 

 


@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.


Not necessarily . Discover had been known to offer 0% purchase APR for 'retention. I got my card in 2013, only used it for a series of BTs before I found MF. I then started askiing for CLIs, got in on the double cash and then got a 0% offer when I just called about lowering APR while gardening. Worked out to be a fab thing with the double cash, particularly during the Apple Pay thing. 

 

DIscover does some neat and surprising things. 


Thanks TortoiseWins!  Smiley Very Happy

 

Once my promo APR is over in August I hope they will have a 'surprise' up their sleeve for me as well!  Smiley Happy

 

Given the choice of another year at 0% or a permanent reduction, I'll take the 0% again hands-down.  I like not having to worry about PIF to avoid interest (sometimes it's easier to get caught up the next month) and I can always try for a permanent reduction next year.  Smiley Wink   <fingers crossed!>

Message 30 of 44
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