Discover is on the record as saying they are pulling back on CLIs given the economy/COVID-19. Unless you're consistently putting heavy use on the card/approaching at least 50% of your limit each month, I doubt it's going to happen right now. Discover is fickle and hard to figure out under normal circumstances. Are both of you putting signficant spend on the card or you just want CLIs because you feel like you should have one?
I think given the current situation - banks are extra wary with handing out more CLIs.
I'd personally open a 4th card if I had the same situation and good scores like that if more credit is what you seek - but thats just me. I'm saving up for my current target card by not apping for anything right now.
Its not you, its Discover! They are being very stingy. Even when people get CLI is 500 to 1K max. Few years back they use do CLI 10K+
Wait till next year and hopefully scare goes away!
@MattReno64 wrote:Okay. So. Credit Karma keeps telling me that my Credit Line on my Discover Card is way low, only 7,400 when the average card holder like me has 11,700. I decide to pay off all my credit cards, make my FICO go way up, which it did-- 806 according to Discover, ten points higher at a few other places. After my score goes up, I apply for CLI, they shoot me down instantly. Get letter in mail a week later stating reason for decline:
LOW USAGE ON EXISTING LINE OF CREDIT IN PREVIOUS MONTHS
Not even kidding. Paying off my debts and raising my FICO was a bad thing. I guess having more debt and a lower FICO would be a good thing?
To add to the insanity, it gave other reasons on back of rejection letter, on of them was
TOO MANY CONSUMER FINANCE COMPANY ACCOUNTS
You probably think I'm one of these Financial Chads who has 19 cards, right? Nope. I have 3. And one is my Discover Card. Yes, I have a Citi Simplicity, an Amex, and a Discover Card.... that's it. Two cards besides Discover. And I guess that's two too many.
Phone call did not help. Loud chatty girl at first who can do nothing but be loud and chatty. Switchs me to poor guy I felt so sorry for, he was obviously mentally ill and had a speech impediment, but he did his best, I couldn't get mad at the poor fellow. Said I had to wait 30 days and try again, nothing he could do.
Nothing I can do but come here to share my pain, read your horror stories which are worse than mine. They're lowering credit limits now, are they? Use it or lose it? We are not winning this losing battle.
Ok, first off, stop listening to Credit Karma. Your cl with Discover is actually good and no one knows what limit they should have even though many here will feel that a certain limit is their birth right
.
Usually Discover cli denials are for either not enough experience , which just means no not at this time, or the one you got, which means you arent using it. So before reading too much into the denial letter, actually start using it. Hard to get increases if they really arent warrented , especially in their eyes.
Its always better to pay off debt regardless of scores imo. Please refrain for characterizing a Discover phone rep as mentally ill as i highly doubt you are a licensed physician and its really not called for here. Horror story? I think not, you got denied a cli which happens to all of us. Ive gotten like 20 or more in a single month lol. Discover may lower limits at their discretion but i havent seen alot lately and if you research here you will find Discover is basically keeping prior customers line in check and not handing our many cli during the Pandemic. New customers definetly are getting more scrutiny. Thanks for sharing your story but you can get much better credit advice here than on a site that gets paid to push others agendas