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New Discover IT account CLI Experiences?

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Regular Contributor

New Discover IT account CLI Experiences?

Hello everyone,

I just opened a new Discover IT 2 weeks ago with a SL of $7K and I’m curious if there’s anyone out there that could provide insight as to the possibilities of getting a CLI already?

I’m doing a BT for $4K and would like some additional padding.

Can you provide insight as to any success stories with CLI requests on new accounts, potential negative effects, things to consider etc? I’m planning on hitting the luv button after the 3rd statement anyhow, but would rather try now and after 3rd statement, unless trying now would force me to wait longer than 3 statements?

Thank you!
Current: Gardening...


FICO 8: EX:TU:EQ:

As of June 2019. Total CL: $24,900; Goal: $50,000
Message 1 of 8
7 REPLIES 7
Community Leader
Valued Contributor

Re: New Discover IT account CLI Experiences?

It’s SP, so you can always try. However I would hold off until after that 3rd statement. Don’t want to look greedy lol. 7k is a nice SL anway in my opinion. Have no fear—Disco grows well. 

Discover It: 19.7k
Amex BCE: 18k
Citi DC: 5.7k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 2 of 8
Senior Contributor

Re: New Discover IT account CLI Experiences?


@MrPSS wrote:
Hello everyone,

I just opened a new Discover IT 2 weeks ago with a SL of $7K and I’m curious if there’s anyone out there that could provide insight as to the possibilities of getting a CLI already?

I’m doing a BT for $4K and would like some additional padding.

Can you provide insight as to any success stories with CLI requests on new accounts, potential negative effects, things to consider etc? I’m planning on hitting the luv button after the 3rd statement anyhow, but would rather try now and after 3rd statement, unless trying now would force me to wait longer than 3 statements?

Thank you!

If you want to get a CLI so soon, and because of a BT, it would probably be best to call in and talk to someone to explain your situation.  The CLI/Luv button will very likely yield nothing as your account is brand new.


EQ: 798 | EX: 774 | TU: 771 | Accounts: 1/6 4/12 8/24
Message 3 of 8
Regular Contributor

Re: New Discover IT account CLI Experiences?

I tried yesterday for a CLI a week after 2nd statement cut, and was flat out denied with "not eligible for an increase" message.

Util on that card is under 10% and paid in full both times. Util total is under 20%.

Goal Score:725

[ AmEx Blue Cash Preferred - $30000 ]
[ Chase Sapphire Reserve - $22400 ]
[ BofA BankAmericard - $16000 ]
[ Cap. One QS - $7800 ]
[ Cap. One QS - $7000 ]
[ AmEx EveryDay Preferred - $5000 ]
[ Discover IT - $4500 ]
Message 4 of 8
Regular Contributor

Re: New Discover IT account CLI Experiences?


@TheConstant wrote:
I tried yesterday for a CLI a week after 2nd statement cut, and was flat out denied with "not eligible for an increase" message.

Util on that card is under 10% and paid in full both times. Util total is under 20%.

 


@pinkandgrey wrote:

It’s SP, so you can always try. However I would hold off until after that 3rd statement. Don’t want to look greedy lol. 7k is a nice SL anway in my opinion. Have no fear—Disco grows well. 


I tried when my card was 2.5 statements age. I got denied for "not enough experience"

Michigan Schools & Gov't Credit Union Classic Visa Card | $3kDiscover Student Cash Back | $2300Capital One Savor Card v1 | $11k AUAmex 1.5% CB | $3.1kBest Buy Store Card | $3k

July 2018
Ford Credit Loan $199.26/month (3 yrs)
January 2019
Discover Cash it Card $500
Michigan Schools and Gov't CU Card $1,000
February 2019
Self Lender Loan (Closed July 2019)
May 2019
Discover CLI $1.2k
July 2019
Discover System CLI $600
Amex $2,000
Best Buy Store Card $3,000
October 2019
MSGCU CLI $2k
Dec 2019
Amex $1,100 CLI

Eyes on Credit Cards
BoA Cash Rewards (with or without Student Verison)Gas Card with 5% Cashback w/ no AF2% Cashback EverythingDining & Entertainment Category Card
Message 5 of 8
Community Leader
Mega Contributor

Re: New Discover IT account CLI Experiences?

Putting the 4k on the 7k card and waiting 3 statements will probably help you more than hurt you. Discover likes those who carry big balances and often rewards them with bigger cli. That and your sl is actually on high end speaks well for you.
#ChaseCreditCardHobby Enthusiast
2022
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Message 6 of 8
Community Leader
Senior Contributor

Re: New Discover IT account CLI Experiences?

Discover is more than amicable to CLI increases even with a large balance (due to a 0 or BT)... but your gonna have to wait a bit... I was veering close (but not quite) to getting in the red zone on utilization and they came through to fix my utilization dilemma....

 

Message 7 of 8
Regular Contributor

Re: New Discover IT account CLI Experiences?

Thank you all very much for the quick responses! Very helpful!

I think the consensus so far is that I should wait and I agree. It sounds like I’m on the right track to a larger CL based on my current course of action.

That said, feel free to continue to share your experiences on this. Smiley Happy
Current: Gardening...


FICO 8: EX:TU:EQ:

As of June 2019. Total CL: $24,900; Goal: $50,000
Message 8 of 8
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