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Discover fimaly show now love today no increase for me.

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Established Contributor

Discover fimaly show now love today no increase for me.

 

Hi today I called Discover card for credit line increase, my last increase was about 8 weeks ago from 25.5K to 27K. Income was 75K Fico scores around 800 total cl is 132K and total balance is 2K. I ask to speak to ther credit department recom line. I was told that I would get letter in 7 to 10 days , Guy on phone from cr department said reason is not enough experence at your last increase, was also told soft pull. He also said give it 60 days and call back should have no problem. It sounds like discover is cutting back the easy days are gone. Just for info Synchrny gave 3K more on my Walmart mc last nonth and yester day I got an increase on my Jcp store card from 6K to 8K. Discover customer service wher verry nice about it I still like Discover.

Message 1 of 24
23 REPLIES 23
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Member

Re: Discover fimaly show now love today no increase for me.

Is there a particular reason you need a CLI? With an income of $75,000 a year, I can't imagine you'd need to buy more than $27,000 in purchases at once on one card. Plus, with 132k in total credit limit, even your entire monthly pre-tax income ($6250) would only be 4.7% utilization.

 

Obviously it feels good to get a CLI for the satisfaction of seeing the number go up, but if you look at it from a practical standpoint it might make more sense to let go and focus on other aspects of your credit/finances.

--------FICO Scores-------
747 TU
753 EXP

---------Cards (newest to oldest)-------
Amex Hilton Surpass - 9,000 CL
Citi Premier - 8,000 CL
CapitalOne Venture - 10,000 CL
Chase Sapphire Preferred - 16,700 CL
Chase Freedom - 6,100 CL
Amex Bonvoy - 2,000 CL
Amex Blue Cash Everyday - 12,000 CL
Discover It - 2,600 CL
BofA Cash Rewards - 3,500 CL
Message 2 of 24
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Moderator

Re: Discover fimaly show now love today no increase for me.


@Thomas97 wrote:

Is there a particular reason you need a CLI? With an income of $75,000 a year, I can't imagine you'd need to buy more than $27,000 in purchases at once on one card. Plus, with 132k in total credit limit, even your entire monthly pre-tax income ($6250) would only be 4.7% utilization.

 

Obviously it feels good to get a CLI for the satisfaction of seeing the number go up, but if you look at it from a practical standpoint it might make more sense to let go and focus on other aspects of your credit/finances.


Hi @Thomas97 and welcome 

 

There are many reasons why/when  asking for CLI is appropriate. Sometimes we just ask. It is what it is. 

It's a credit card forum afterall 

Message 3 of 24
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Super Contributor

Re: Discover fimaly show now love today no increase for me.


@Thomas97 wrote:

Is there a particular reason you need a CLI? With an income of $75,000 a year, I can't imagine you'd need to buy more than $27,000 in purchases at once on one card. Plus, with 132k in total credit limit, even your entire monthly pre-tax income ($6250) would only be 4.7% utilization.

 

Obviously it feels good to get a CLI for the satisfaction of seeing the number go up, but if you look at it from a practical standpoint it might make more sense to let go and focus on other aspects of your credit/finances.


If one uses the Discover card for max CB only, having more than (say) a ~$5000 limit is completely unnecessary.  One only gets 5% CB on a $1500 spend/quarter.  Even if that spend came all in one cycle, $1500/$5000 is fine utilization to report for a cycle.  That being said, as the reply above states, some people like to push their limits "just because." 

 

OP, you suggested that Discover may be tightening up some in your post.  I think having received a CLI from them just 8 weeks ago you're sort of jumping the gun with that comment.  Many people even after getting frequent Discover CLIs see periods of 4, 6, even 10 months of no CLIs, only to go back to getting them again with relative frequency again. 

Message 4 of 24
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Contributor

Re: Discover fimaly show now love today no increase for me.

To me it looks like Disc already gave you too much love.

Discover It - 19.1K
Citi Double Cash - 16K
AMEX BCP - 35K
Elan Financial - 24.2K
Uber - 25K
Amazon Prime Visa Sig - 9.6K
Fort Knox Platinum - 2.5K
US Bank Cash+ - 14K
Citi AAdvantage PSWE - 21.5K
Message 5 of 24
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Community Leader
Super Contributor

Re: Discover fimaly show now love today no increase for me.


@Thomas97 wrote:

Is there a particular reason you need a CLI? With an income of $75,000 a year, I can't imagine you'd need to buy more than $27,000 in purchases at once on one card. Plus, with 132k in total credit limit, even your entire monthly pre-tax income ($6250) would only be 4.7% utilization.

 

Obviously it feels good to get a CLI for the satisfaction of seeing the number go up, but if you look at it from a practical standpoint it might make more sense to let go and focus on other aspects of your credit/finances.


Hello there and welcome to MyFICO

 

Once you've been a member for a while and start reading the many posts here, you will realize and understand that there absolutely has to be NO reason why one wants a CLI, or there may be MANY reasons someone wants a CLI. It could be for UT padding, it could be because it's possible to get it and we simply just want it Smiley Very Happy, it could be self-gratification (definitely in my case). It could be a million and one reason why. But one reason it's definitely not--just because I have a $25K CL does not mean I'm going to run out and spend $25K.

 

The forum is fun reading and extremely informative. 


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 6 of 24
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Community Leader
Super Contributor

Re: Discover fimaly show now love today no increase for me.


@BrutalBodyShots wrote:

@Thomas97 wrote:

Is there a particular reason you need a CLI? With an income of $75,000 a year, I can't imagine you'd need to buy more than $27,000 in purchases at once on one card. Plus, with 132k in total credit limit, even your entire monthly pre-tax income ($6250) would only be 4.7% utilization.

 

Obviously it feels good to get a CLI for the satisfaction of seeing the number go up, but if you look at it from a practical standpoint it might make more sense to let go and focus on other aspects of your credit/finances.


If one uses the Discover card for max CB only, having more than (say) a ~$5000 limit is completely unnecessary.  One only gets 5% CB on a $1500 spend/quarter.  Even if that spend came all in one cycle, $1500/$5000 is fine utilization to report for a cycle.  That being said, as the reply above states, some people like to push their limits "just because." 

 

OP, you suggested that Discover may be tightening up some in your post.  I think having received a CLI from them just 8 weeks ago you're sort of jumping the gun with that comment.  Many people even after getting frequent Discover CLIs see periods of 4, 6, even 10 months of no CLIs, only to go back to getting them again with relative frequency again. 


+1


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 7 of 24
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Community Leader
Super Contributor

Re: Discover fimaly show now love today no increase for me.


@solway wrote:

To me it looks like Disc already gave you too much love.


Smiley Very Happy Smiley Very Happy Smiley Very Happy


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 8 of 24
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Moderator

Re: Discover fimaly show now love today no increase for me.


@BrutalBodyShots wrote:

@Thomas97 wrote:

Is there a particular reason you need a CLI? With an income of $75,000 a year, I can't imagine you'd need to buy more than $27,000 in purchases at once on one card. Plus, with 132k in total credit limit, even your entire monthly pre-tax income ($6250) would only be 4.7% utilization.

 

Obviously it feels good to get a CLI for the satisfaction of seeing the number go up, but if you look at it from a practical standpoint it might make more sense to let go and focus on other aspects of your credit/finances.


If one uses the Discover card for max CB only, having more than (say) a ~$5000 limit is completely unnecessary.  One only gets 5% CB on a $1500 spend/quarter.  Even if that spend came all in one cycle, $1500/$5000 is fine utilization to report for a cycle.  That being said, as the reply above states, some people like to push their limits "just because." 

 

OP, you suggested that Discover may be tightening up some in your post.  I think having received a CLI from them just 8 weeks ago you're sort of jumping the gun with that comment.  Many people even after getting frequent Discover CLIs see periods of 4, 6, even 10 months of no CLIs, only to go back to getting them again with relative frequency again. 


 

 

If that's the case, why do you ask weekly? I mean, if it's ok for you, why is OP being jumped for it?

 

Your limit is around $50k, you spend maybe  $100...so my question to you is are you going to stop asking for CLI and also ask for CLD because according to your post above $5000 is unnecessary and yet you have 10 times that and have no intentions of stopping 

 

So yeah, I said some people like to push limits just because, I am one of them, but so are you. 

 

So, my question to you would be if you're planning on taking your own advice, stop with CLI requests and ask for CLD? 

 

 

 

Message 9 of 24
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Moderator

Re: Discover fimaly show now love today no increase for me.


@solway wrote:

To me it looks like Disc already gave you too much love.


And you're basing that on what? 

How much of your limit do you use? 

 

Message 10 of 24
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