Discover CLI Denial

[Anonymous]

First time poster, long time reader !!!  This was my  7th month with Discover... starting credit line was $1600 .. i received an auto CLI for $200 a few days ago..  I tried to call today to try to get a larger CLI but was denied and told to call back in 30 days...  When I asked the lady about pulling a hard report she said "we don't do that yet"...  They are still showing old balances and score from April 1 which was 655.. my current score is 679 TU...  why would they say they couldn't do a hard pull???  My current balance with discover is $647  and overall utitlization over all of my cards is 49% .. could this be why???  my EX right now is 639 and EQ is 653 ...  

[UpperNwGuy]

April 1 was only 17 days ago, so I wouldn't describe it as "old balances and score."  Also, your utilization is much too high.

[Anonymous]

Maybe they're giving you a chance to show more history with their card before they can offer more.

[FinStar]

As mentioned above, your present utilization is definitely killing your scores, plus it appears you received an auto-CLI just a few days ago and your account is not quite a year old.

My suggestion is to work and improve on your overall balances before requesting additional credit.

[Anonymous]

Ok.. sorry i finally figured out how to update my signature line with my info...

Fico 8 Scores -
12/2016 TU-545 EQ -567 EX- 562
04/2018 TU-679 EQ- 653 EX-639

Discover - $1800 Merrick- $1400 Credit One -$900 Capital One- $500 First Premier -$400 Milestone - $300
Helzberg- $3500 ZGallerie $3000 Wayfair - $1500 Williams Sonoma-$1500 Lowes $1000 Care Credit - $500 Overstock $450 TJ Maxx $350 Gordman's $350

Signature Loan Credit Union $5000 (consolidation) plan to close all sub prime cards by Sept. 2018

Overall utilization right now is 48% with most cards at zero except Zgallerie and Helzberg and the discover at 647 ...  i guess it was just an unsuccesful attempt at double dipping...  also the reason for all of the store cards was to rebuild from a very low score.. i actually took what i could get with as few fees (however i know that all those open store cards are hurting me now...)

[Anonymous]

What's killing you and your wallet is having 4 predatory cards, most prey have 1 but you have 4, I would start to cut a few of those if not all, no reason to keep them as you have enough credit to build a solid profile without them

[Anonymous]

Agree with above.

Fico 8 Scores -
04/2018 TU-679 EQ- 653 EX-639 Focus on bringing these to over 690 or 700 if possible

Discover - $1800 Keep

Merrick- $1400 Hasta la vista, baby

Credit One -$900 Hasta la vista, baby

Capital One- $500 3 Keep

First Premier -$400 Hasta la vista, baby

Milestone - $300 Hasta la vista, baby
Helzberg- $3500 do not know this card

ZGallerie $3000 do not know this card

Wayfair - $1500 Keep it if you actually use it

Williams Sonoma-$1500 Keep

Lowes $1000 Keep

Care Credit - $500 Hasta la vista, baby

Overstock $450 Keep

TJ Maxx $350 Keep

Gordman's $350 Dont know this card

Once your scores are at 700+ you should try an AMEX and Disco, then you'll be set and can get rid even more cards.

Signature Loan Credit Union $5000 (consolidation) plan to close all sub prime cards by Sept. 2018
31 inquires ( I KNOW !! i went to buy a car.. huge mistake !!) Use a credit union next time :-)
48% OVERALL UTILIZATION Bring your UTL to under 30% or better yet, under 10%

[Anonymous]

Wow... Thank you for taking the time to run through that ... YES I am going to ditch the sub primes asap ( by September of this year).  I was going to try to get a Barclay's Holland America card (going on a cruise in 8 weeks)  or one of their other cards and ditch all of the subprime if I can get approved.  I do not know my chances as my inquires are so high from the car dealer pulls !!! The only sub prime I considered keeping was the Merrick Bank with the $1400 limit???    The only reason I haven't ditched the sub primes already is for utilization and my wife ran up the ZGallerie (home furnishing/Comenity) to 80% and Helzberg(Jewelry/Captial One) to 65% utilization taking advantage of 12 month interest free. 

I don't know my chances of getting a Barclay Card, but I am thinking of apping in the next couple of days.  If I get a $1500 line  I am immeditely shutting down the sub primes and leaving everything alone to garden for next 12 months.     

I will NEVER let a car dealer pull my credit again.  I recently developed a good relationship with my Credit Union and got approved for a 5k signature loan.

After that, I am not going to try for any CLI's on anything until I am above that 690 level.   My Experian seems to move very very very slowly !  And as far as I can tell that seems to be the most important one....

[Anonymous]

How much good can $400 First Premier and $300 Milstone possibly do for your UTI? At least rid of those 2 now so you stop paying fees and get to the other 2 as soon as you can.

[Anonymous]

No problem...in fact, you could refinance your auto with the credit union down the road when your scores improve.