@NoMoreE46 wrote:@Anonymous ,
Please note I corrected my Discover SL from $15000 to $12000.
Anyway, my total spend for the Apple card since Aug '19 has been $8,600. You can request every month, but it seems they will grant at every four months. The process to request a CLI now is pretty slick; you go through a BOT esssentially. @Aim_High is the resident expert on Apple CLIs.
I have put $11,000 thru Disco and not an increase. TBH, I am quite surpised that I have put that much through them in less than 12 months. I thought I spent the same with each issuer until I just ran these numbers for this post....
Thanks for the tag, @NoMoreE46.
I concur with above summaries from @Jnbmom and @FinStar that Discover can be hit-or-miss. Moreover, what any one of us tells you may vary widely with them due to a potential host of other factors that led to their decisions on our profiles. I have a high credit line with Discover. But it's also my oldest currently-active card at over 27 years, and from what I've seen, long account age can help a LOT when it comes to getting high limits. Moreover, my limits have risen quite high after I put some large five-figure balance transfers on my Discover card, paid them and my other balances off, my income rose substantially, and my credit scores soared over 800. The fact that your card began secured and graduated could factor in somewhat to limit their generosity until they see your performance over time. It also appears that during the pandemic, Discover has tightened up a little more than Goldman Sachs. DW added a Discover IT Miles almost a year ago and they have deferred giving her any CLIs due to lack of experience with existing limits, even though we've put decent spend on her card. I've seen similar data points from others. In your case, though, you've got three years of history in your favor with Discover versus Apple.
I have also compiled a lot of Apple Card data points on several My Fico threads. While it appears Goldman Sachs has loosened up just a bit in the past year, they have always appeared to value moderate-to-heavy spend in CLI considerations. From my observations, I've usually recommended spending a minimum of 25% to 50% of existing CL to get an increase. Larger relative spend may lead to larger increases. So on a $3K current limit, if you spend ($3K x 25% = $750 or $3K x 50% = $1500) over about three months before the increase, you may succeed. That would mean a minimum monthly spend of $250 to $500 for a target.
I've also noted that the above CLI patterns also mean that, depending on your income and household spend, it may slowly become harder to satisfy GS Bank's hunger for spend as your limits increase. While we've had a few members get SL approvals or CLIs to high levels ($25K, $30K, $40K, even $50K), for the most part they err to the conservative side for most of us.
If you'll notice, @NoMoreE46 spend $8600 of his initial $6500 limit. His monthly spend has averaged $573. That means he has spent 133% of his initial CL over 15 months and he has doubled his limit to $13K. That's a good example of how spend matters to GS Bank.
Generally speaking, I think Discover is more likely to be more generous (IF) they give you a CLI. Meanwhile, Apple card is probably a more sure bet for a CLI if you give them the spend, but it's likely to be a smaller relative increase. To top it all, the wild card is covid. My recommendation is to put heavy spend on one card for several months at a time and then try for the increase. After that, rotate to the other card. Rinse and repeat. Personally, I think I'd start with Discover but it's a crap shoot.
Good luck and keep us informed!
I'd say Apple between these two, but neither is really known for rapid growth. Well, that is, Discover CAN grow rapidly for some people, based on unknown factors, while growing slowly if at all for other people, also based on unknown factors. If anybody ever figures out Discover's logic, that person should write a book, because we have not cracked the code yet on this board.
In my case, I opened a secured Discover last May. It had a $1,000 CL last December when it unsecured. Its new unsecured CL was $1,500. A few months ago, I got a $300 CLI. Then I got another $300 CLI a few weeks ago. So, my Discover CL is now $2,100. I opened my Apple Card in December. It had a $5,000 CL when opened. I applied a couple of times for CLIs on it without using it much (few dollars here and there), and was denied. I deliberately ran several hundred dollars through it, tried again, and was approved for a $1,500 CLI to $6,500. I don't know if it was due to the spend or due to time passing, probably both.
Good luck!
