@AverageJoesCredit wrote:
@Michizane wrote:You need to put a lot of spend on their cards and pay it off before the statement cuts. I got 2 CLI's (500>1000>2000) after I significantly put more spend on the card. I've had the $500 CL for like 6 years before I got the first CLI this year.
I would try putting a couple hundred of spend on it, and try for a CLI a few days after your statement cuts. Discover is running 5% back on restaurants and PayPal ($1500/$75 cashback for the quarter) till next month which is awesome (Anytime you use PayPal as payment). Especially since since quite a few sites take PayPal as payment. I've been able to rack up a ton of spend buying stuff online for in store pickup for Home Depot, Best Buy, etc.
Discover is so over the place with who and how they give a cli, ones method doesnt necessarily work for other. Paying off before a statement cuts doesnt equate to getting a cli, it just appears thats how it worked out for you. I think the only thing we may be certain of with Discover is using the card is a much more viable option than not
I think it is implied with anything credit related that what works for one person might not work for another. Just like how you can have the "right" credit profile for a specific card and still get denied for different reasons. Credit card datapoints are a combination of what works for several people and identifying trends in it. For Discover CLI's what has worked for me is trend, just like how I haven't gotten a CLI every time a put extra spend on it, but I happened to get 2 of them when I did.
@Red1Blue wrote:If you are not spending or using the card why do you need more limit on the card.
Is that a rhetorical question?
If you're serious, the only reason I ever request more credit is for score-boosting purposes, i.e., adding its new limit to my overall total credit, lowering my overall utilizaiton percentage and, if there's a balance on the card, lowering its utilization percentage. I'm sure others do it for similar reasons.
Good morning, all!
So, I just the other day clicked on the "Credit Line Increase" button (so-to-speak) and finally found some love (I posted about this when it happened). But, for everyone to see, here are some Data Points for my situation.
Below is a list of what I spent - and paid - during every Billing Cycle from the time my account was graduated from a secured card to an unsecured card (which was accompanied with a CLI from $500 to $1,500). Please note that it was the August, 2020 Billing Cycle when this happened.
Discover Spending since Credit Line increase to $1,500
=======================================================
August 20 - September 19, 2020
Charges: $1,234.61
Payments: $1,203.36
September 20 - October 19, 2020
Charges: $375.00
Payments: $385.70
October 20 - November 19, 2020
Charges: $269.98
Payments: $409.36
November 20 - December 19, 2020
Charges: $458.85
Payments: $417.84
December 20, 2020 - January 19, 2021
Charges: $543.69
Payments: $545.70
January 20 - February 19, 2021
Charges: $508.24
Payments: $511.25
February 20 - March 19, 2021
Charges: $524.52
Payments: $527.51
March 20 - April 19, 2021
Charges: $687.77
Payments: $654.15
April 20 - May 19, 2021
Charges: $314.63
Payments: $381.25
May 20 - June 19, 2021
Charges: $ 730.71
Payments: $ 727.56
June 20 - July 19, 2021
Charges: $ 872.90
Payments: $ 831.05
July 20 - August 19, 2021
Charges: $ 406.41
Payments: $ 376.41
So, one year of the $1,500 Credit Limit with the above spend | pay. I have pretty much been using AZEO with the Discover Card being the one card to report a balance. And the reported balance is usually somewhere between $30 and $75.
Everyone has a different credit profile so - as mentioned already - who knows what triggers a denial (again, my denied CLIs were all due to 'insufficient time at current credit limit' - or whatever the actual verbiage is).
It does happen, though.
Starting Score: Exp 627
@SoCalGardener wrote:Trust me on this: you're not alone!
Just recently, I posted a thread asking for tips on how to get Discover to [finally] approve a CLI. I kid you not, but three days later I pushed the love button on Discover's site, and got a nice CLI! Maybe you'll have the same luck.
If that method doesn't work out, I'd suggest making more use of your card. It looks like you're just barely using it, and they like to see considerable activity. Among the denial reasons I had along the way was one saying 'insufficient use of available credit' (or similar). In other words, I wasn't using what was already available to me, so why give me an increase?! I ramped up my spending for several months, but continued getting denied; I figured it was because I still kept my utilization rate too low. And then, out of the blue, I got approved.
So I suggest having larger, more frequent transactions on your card, wait until the moon is full, stand on your head, make sure there's a 'd' in the day's name, and press the magic button!
That is good insight. I was preapproved for discover on their prequal sight, but did not pull the trigger because apr was 22.99 percent. I want their card but waiting until they work down the interest rate. My question to you is what was your discover utilization when you hit the love button? What was your total utilization when you hit the love button at the time they gave you the CLI?
@Anonymous wrote:
@SoCalGardener wrote:Trust me on this: you're not alone!
Just recently, I posted a thread asking for tips on how to get Discover to [finally] approve a CLI. I kid you not, but three days later I pushed the love button on Discover's site, and got a nice CLI! Maybe you'll have the same luck.
If that method doesn't work out, I'd suggest making more use of your card. It looks like you're just barely using it, and they like to see considerable activity. Among the denial reasons I had along the way was one saying 'insufficient use of available credit' (or similar). In other words, I wasn't using what was already available to me, so why give me an increase?! I ramped up my spending for several months, but continued getting denied; I figured it was because I still kept my utilization rate too low. And then, out of the blue, I got approved.
That is good insight. I was preapproved for discover on their prequal sight, but did not pull the trigger because apr was 22.99 percent. I want their card but waiting until they work down the interest rate. My question to you is what was your discover utilization when you hit the love button? What was your total utilization when you hit the love button at the time they gave you the CLI?
Don't carve these figures in stone, because I'm not 100% sure about them. But they should at least be ballpark. I think my Discover utilization was around 4% and my overall utilization around 9% when I finally got the CLI. Note that nothing substantial had changed since previous attempts--all of which were declined.
22.99%? Ouch!! That's really high. Mine is 12.99%. Maybe waiting until your scores improve a bit would help bring that down. And, of course, once you're in you can always request a reduced APR, once you're established with them as a good customer.