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Discover - 4th cli in 6 months

mimsof4
Established Contributor

Discover - 4th cli in 6 months

Since I am trying to stay in the garden, Discover has been my "go to" account for cli's.  I was given another $3k cli today..  I have gotten the 2 day message for 3 of my requests and received $3k each time. The other increase was $4.5k.

 

I opened my account in August with a $2.5k limit. I expect to be at $20k for the one year mark.  I am at $17.5k now.  I don't use the card much. I pay our cell phone bill and an occasional dinner. I think my avg spending is around $350 a month on this card.

 

August 2015 - opened account with $2.5k limit

November 2015 - 1st accepted increase $1500 (turned down $500 cli offer)

February '16 - $4.5k cli ($8.5k limit)

March '16 - $3k cli after 2 day message ($11.5k limit)

May '16 - $3k cli after 2 day message ($14.5k limit)

June '16 - $3k cli after 2 day message (17.5k limit)

Nov 2014 Starting credit score TU 598; EQ 602; Ex 614; Sept 2020 TU 779; EQ 783; EX 781
Discover $32k/Citi $10k/Amex $35k/Wayfair $14k/Chase Freedom $13k/NFCU $15k/Amazon $7.5k/sewing & more Synch $11k/Lowes $12k
Message 1 of 11
10 REPLIES 10
Thexian100
Valued Contributor

Re: Discover - 4th cli in 6 months

Congrats on your success!
Message 2 of 11
alextercero
Super Contributor

Re: Discover - 4th cli in 6 months

Congrats

Current Credit Cards


Currently rebuilding as of (May 2021)
Starting Fico 8 Scores:

Current Fico 8 Scores:

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Inquiries:


Message 3 of 11
CountryLivin
Valued Contributor

Re: Discover - 4th cli in 6 months

Congratulations!

Message 4 of 11
Ysettle4
Valued Contributor

Re: Discover - 4th cli in 6 months

Congrats. Do you PIF each statement or were you carrying balances?
744 INQs: 10754 INQs: 5743 INQs: 12UTIL: 1%AAoA: 3yr 6mosTotal Credit Line: $8616250
Message 5 of 11
mimsof4
Established Contributor

Re: Discover - 4th cli in 6 months

Ysettle - I have done it both ways. I haven't been concerned with making sure I pif each month because I am in the 0% apr phase until August.  That being said, the highest balance I carried was around $1k at Christmas.  I will definitely pif after the promo period ends.

Nov 2014 Starting credit score TU 598; EQ 602; Ex 614; Sept 2020 TU 779; EQ 783; EX 781
Discover $32k/Citi $10k/Amex $35k/Wayfair $14k/Chase Freedom $13k/NFCU $15k/Amazon $7.5k/sewing & more Synch $11k/Lowes $12k
Message 6 of 11
SOGGIE
Valued Contributor

Re: Discover - 4th cli in 6 months

Super congrats! Discover is awesome. Good luck with your goal.
Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

SCORES: Excellent · 832 to 845
INQUIRIES: TU=2, EQ=0, EX=0
UNIVERSAL REVOLVERS: $200K Club
NUMBER OF CC ACCOUNTS: Several
CARD USAGE: Minimal
CREDIT HISTORY: Very Lengthy · Seasoned Accounts
INCOME: Sufficient
UTIL: 1-2%
PYMTS: 100% Positive · Always PIF · AZEO
INSTALLMENTS: No thanks!
ASSETS: 100% Equity
TOTALLY REFUSE TO: Pay Interest or Annual Fees, Combine Accounts, Reduce Limits, Submit 4506-T, SCT, App Spree, Accumulate Inquiries, Do business with any credit-cancerous lending institutions
Message 7 of 11
Ysettle4
Valued Contributor

Re: Discover - 4th cli in 6 months


@mimsof4 wrote:

Ysettle - I have done it both ways. I haven't been concerned with making sure I pif each month because I am in the 0% apr phase until August.  That being said, the highest balance I carried was around $1k at Christmas.  I will definitely pif after the promo period ends.


Thank you for the info.

744 INQs: 10754 INQs: 5743 INQs: 12UTIL: 1%AAoA: 3yr 6mosTotal Credit Line: $8616250
Message 8 of 11
Rowncole
Frequent Contributor

Re: Discover - 4th cli in 6 months

Very nice, thanks for sharing ... good to know doesn't necessarily require big spending, will you share your scores? Also do you have other nice CL? Thanks! A usual message some see when requesting CLI from them is not enough experience with current limit, seems to imply spending at that level ... interesting
TU-812 EQ-820 EX-807 - Barclays cash forward 30K, Lowes 25K, Amex Everyday 50K, Fidelity 25K, Care Credit 25k, Walmart 10K, Discover 41K, Chase Sapphire Pref 10K, Macys 9K, many other store and retail cards - Oldest line 14yrs - Average Age 2.5yr, 8% UTI, 11 open credit cards - $230k total limit
Message 9 of 11
mimsof4
Established Contributor

Re: Discover - 4th cli in 6 months

Rowncole, my current scores: TU 756, EQ 702, Ex 694.  EX and EQ have a small medical collection from 2010 (TU removed it).  Utilization is 8%.  My scores have been in this range for around 6 months because I had trouble staying in the garden lol. I now have the cc's that I wanted so I have been "experimenting" to see how certain things impact scores.  I expect my scores to start climbing in September after several inquiries from last August quit impacting my scores.

 

As far as other cards, Chase was the first to give me a $10k limit. I applied for the Freedom card the same day as Discover.  I got in the door with Amex in November with a $10k Cl. That was doubled after 90 days without a single charge.  I don't run a lot through my cards.  We pay our monthly bills with the dh's venture card to use for traveling.   I will use my cc's based on the rewards or if I need to float a purchase during the 0% promo phase of new card.  I do expect to use Discover a little more in the next 6 months because of the rewards categories.  

 

Discover will give the message - not enough experience with current limit when the account is under 6 months old.  I didn't use my Discover card from January to April because of the rewards category. I received 2 increases during that time. My total spend with Discover in 2016 has probably been around $750 but my cli's have been over $10k.  On the flip side, I have gotten that decline message from cap 1 because the card has been in the sock drawer almost a year.

Nov 2014 Starting credit score TU 598; EQ 602; Ex 614; Sept 2020 TU 779; EQ 783; EX 781
Discover $32k/Citi $10k/Amex $35k/Wayfair $14k/Chase Freedom $13k/NFCU $15k/Amazon $7.5k/sewing & more Synch $11k/Lowes $12k
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