@SoCalGardener wrote:
@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.
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?
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.
Thanks for sharing the info, its very helpful for my near future with discover. I tend to spend a lot on each card and pay them off before my statement cuts. I do want in for a discover card but I do not think they are liking my profile just yet. I only have 1 collection account now and it shows it is paid. I have one charge off that is about 5 years old and I just paid it off, but it has not updated yet. But for a year I only received an offer for a secure card and I did not want that as I already had 3 secure cards. My score has improved a lot in the last year, but not enough to get below that 22.99 percent offer.