Discover CLI

[Anonymous]

Hello everyone,

I been with Discover for more than 3 years but among my credit cards, this one has the lowest limit of $750 . I been sending them SM to see if I can increase that but it seems like I always get the same answer of unable to increase it. I'm 100% on time payment, and I do carry a balance and I would sometimes pay it in full.

What should I do?

Thank You

[ojefferyo]

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@Anonymous wrote:

Hello everyone,

I been with Discover for more than 3 years but among my credit cards, this one has the lowest limit of $750 . I been sending them SM to see if I can increase that but it seems like I always get the same answer of unable to increase it. I'm 100% on time payment, and I do carry a balance and I would sometimes pay it in full.

What should I do?

Thank You

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Can you qive us a bit more info on your credit file? Was the 750 the original limit they gave you? I'm starting to think with Discover if they started you off with a low limit it seems that it would be hard to get a CLI. 

[Anonymous]

Originally when I opened my Discover, it has a credit limit of $500 and an APR of 22.99% and a year after, it was increase automatically to $750 and a year after that I ask for a lower APR which is currently at 15.24%. I been trying to get a higher limit but they just wouldn't budge. My income increase since I started working a full time hours. This is also my second credit card. My first one was a secured card which I close after 9 months and now I had this discover card for over three years.

So I'm not quite sure what to do here.

Thank you

[Strogen]

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@Anonymous wrote:

Originally when I opened my Discover, it has a credit limit of $500 and an APR of 22.99% and a year after, it was increase automatically to $750 and a year after that I ask for a lower APR which is currently at 15.24%. I been trying to get a higher limit but they just wouldn't budge. My income increase since I started working a full time hours. This is also my second credit card. My first one was a secured card which I close after 9 months and now I had this discover card for over three years.

So I'm not quite sure what to do here.

Thank you

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Put spend on the card and wait patiently. 

[gdale6]

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@Anonymous wrote:

Originally when I opened my Discover, it has a credit limit of $500 and an APR of 22.99% and a year after, it was increase automatically to $750 and a year after that I ask for a lower APR which is currently at 15.24%. I been trying to get a higher limit but they just wouldn't budge. My income increase since I started working a full time hours. This is also my second credit card. My first one was a secured card which I close after 9 months and now I had this discover card for over three years.

So I'm not quite sure what to do here.

Thank you

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If this is your only card you need to beef up your Fico scores, you actually need 3 bankcards and 1 store card to help maximize your score. You have a thin file and they are most likely gunshy to go higher until they see more credit history and a thicker file. Are you trying to get the SP CLI or have you taken HPs in trying??

[newhis]

Go online and clic the 'credit line increase' option. They changed that page and some people are getting instant approvals.

Was your discover a student card? If it was the graduation date is already in the past?

[newhis]

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@gdale6 wrote:

If this is your only card you need to beef up your Fico scores, you actually need 3 bankcards and 1 store card to help maximize your score. You have a thin file and they are most likely gunshy to go higher until they see more credit history and a thicker file. Are you trying to get the SP CLI or have you taken HPs in trying??

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I think is not longer needed to have a store card for score. Anyway I got one just in case.

[Anonymous]

I've noticed that Discover does not usually give out high limits, although there are exceptions. I also started out with the student card with a $500 limit, and I've been given automatic CLIs every few months for $150. I do use this card frequently, though, and I think that it helps if you use it a lot and pay on time. I always pay in full, but I don't know if that makes an impact with them. Discover likes it when people use their cards, so don't keep it in the sock drawer because the limit is low.

[kdm31091]

Discover is not going to give you a CLI without decent usage. That's just how they work -- you have to use it heavily, really as your main card, and you will almost certainly get a SP CLI after a few months (their policy is every 90 days, a fact I just clarified with them tonight in fact).

Discover was my first unsecured card. I used it exclusively for many months and paid it off. I have more cards now, so it's not my main card, but they are still pretty good with consistent CLI and APR reductions. You just have to use the card a lot, even if it means giving up rewards on another card temporarily. In many cases, this is a small difference anyway (the difference between 1.5% and 1% on a $30 purchase is literally 15 cents). Throw them a bone and use it sometimes even for 1% if you want a CLI.

[Anonymous]

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@kdm31091 wrote:

Discover is not going to give you a CLI without decent usage. That's just how they work -- you have to use it heavily, really as your main card, and you will almost certainly get a SP CLI after a few months (their policy is every 90 days, a fact I just clarified with them tonight in fact).

Discover was my first unsecured card. I used it exclusively for many months and paid it off. I have more cards now, so it's not my main card, but they are still pretty good with consistent CLI and APR reductions. You just have to use the card a lot, even if it means giving up rewards on another card temporarily. In many cases, this is a small difference anyway (the difference between 1.5% and 1% on a $30 purchase is literally 15 cents). Throw them a bone and use it sometimes even for 1% if you want a CLI.

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this is op's only card and it has been for three years though,