Last week I tried for another Discover CLI. I've been going the card a decent amount of use. $1K-$3K most months. I then either PIF before the statement closes or I let the balance report then PIF before the due date. I'm currently at $9700. I was very confidence that I'd receive an increase that would put me over the $10K mark. Nope, nothing... was denied!
I received a thin enveope from Discover today. A single piece of paper told me I was denied because of insufficient experience with my current credit limit. I had been requesting increases every every 3-4 statements (sometimes sooner).
This is my increase history -
Opened account - 1/31/18 - $6000.00
5/18/18 - $6500.00
8/4/18 - $7000.00
9/27/18 - $9700.00
1/30/19 - No
I'm running over $5K though it this month and will have it paid off before they'd want to charge me interest. Maybe that will put a little more experience under my belt
Disco is funny, sometimes you'll get an auto CLI out of the blue even though you haven't run a penny through it in months. Other times you'll get several months of double-dip CLIs, or you'll string together a run of CLIs. Then you'll hit times like you're getting now. I've hit the "insufficient experience with current CL" the last 3 times I've asked as well. I just paid off a BT this month, that had a remaining $5K on it at the beginning of the month. After my current statement cuts around the 22nd I'll try again at the beginning of March and see if that helps. Just hang in there, Disco seems to keep everyone guessing!
I know I have no need for the higher limit on that card, but they said no to me, and now I have to keep trying. It's been a little over six months.
One day I'll wake up and realize they are as done with me as I am with them.
Best success i have with them is carry over a small balance monthly 5-10% and make a lot of payments throughout the month. I seriously make at least 5 payments a month. Carry over 5-10% to statement but don’t go over 30% throughout the month. I’ve had my card, 7 months and have gotten 4 increases. Currently @13k limit
At any CL, it's still a card with a $1,500 quarterly 5% cap and few remaining benefits. At some point, it may be worth moving your spend to greener pastures.
It's been my main card to take advantage of their double rewards for the first 12 months and 5% on select catagories. I've read that it can grow to a healthy limit. Seems to grow faster for some people than others. I'll wait until it's 6 months from my last increase then try again.