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Discover CLI after Luv button denial!

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Regular Contributor

Discover CLI after Luv button denial!

This month is quite the milestone for me. One of my FICO8 scores crossed the 700 marker for the first time in my rebuilding history, and my total SL just passed $20k.

 

I went to Discover and hit the luv button, but no cigar. Instant denial. I didn't recon.

 

Today I logged onto my Discover account and noticed the SL had increased from $2,400 to $3,100! No emails, no notifications, no nothing, just a denial letter two days prior lol. I called Discover and they confirmed they had indeed given me a $700 CLI!

 

This Disco ball works in mysterious ways. They seem to like it when I near max out the card, carry a maxed out balance, then pay down to below 30%. That's what happened right before they graduated me, and that's what happened right before this CLI (my only post-grad CLI).



Credit Cards

Misc Revolvers

Installment:

Current FICO8:
UTI: 29% | TCL: $39,700 | AAoA: 18 mo | INQ: ¯\_(ツ)_/¯

In college, I took my FICO score, put it in a dumpster, and set it on fire.
In 2016 I couldn't even get a payday loan. Patience is virtue.
7 REPLIES 7
Valued Contributor

Re: Discover CLI after Luv button denial!

They're not afraid of usage, that's for sure. Congrats! on your surprise CLI. 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (11/11/2019): FICO 08 EXP: 747; TU: 749; EQ: 747
2019 Goal Score: 800 across the board


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Message 2 of 8
Community Leader
Senior Contributor

Re: Discover CLI after Luv button denial!


@James_A wrote:

They're not afraid of usage, that's for sure. Congrats! on your surprise CLI. 


Thats why I think I don't get much love, I put 100 dollars on it every now and then and then pay it right off. I always get the reason " insuffucient use of current credit line" .

EXP 760 TU 781 EQ 733
Message 3 of 8
Regular Contributor

Re: Discover CLI after Luv button denial!

I can't really explain it any other way. YMMV of course.

 

But I had a $2,400 limit on it as a secured card. Stuck being secured for 15 months until I carried a 95% balance on it. Paid it down to below 30% the following month and BAM! Unsecured.

 

Had it stuck at the $2,400 unsecured SL for 4 months. Carried an 88% balance on it last statement, paid down to 30% and BAM! CLI.



Credit Cards

Misc Revolvers

Installment:

Current FICO8:
UTI: 29% | TCL: $39,700 | AAoA: 18 mo | INQ: ¯\_(ツ)_/¯

In college, I took my FICO score, put it in a dumpster, and set it on fire.
In 2016 I couldn't even get a payday loan. Patience is virtue.
Message 4 of 8
Valued Contributor

Re: Discover CLI after Luv button denial!


@jayjayhawaii wrote:

I can't really explain it any other way. YMMV of course.

 

But I had a $2,400 limit on it as a secured card. Stuck being secured for 15 months until I carried a 95% balance on it. Paid it down to below 30% the following month and BAM! Unsecured.

 

Had it stuck at the $2,400 unsecured SL for 4 months. Carried an 88% balance on it last statement, paid down to 30% and BAM! CLI.


CONGRATS Smiley Happy Did your statement just cut? or how long has your new statement been cut? Thank you op Smiley Happy

Message 5 of 8
Regular Contributor

Re: Discover CLI after Luv button denial!

Statement cut on the 28th (Friday). I hit the luv button that same evening. Denied.

Woke up Monday to a $700 CLI.


Credit Cards

Misc Revolvers

Installment:

Current FICO8:
UTI: 29% | TCL: $39,700 | AAoA: 18 mo | INQ: ¯\_(ツ)_/¯

In college, I took my FICO score, put it in a dumpster, and set it on fire.
In 2016 I couldn't even get a payday loan. Patience is virtue.
Message 6 of 8
Valued Contributor

Re: Discover CLI after Luv button denial!


@jayjayhawaii wrote:
Statement cut on the 28th (Friday). I hit the luv button that same evening. Denied.

Woke up Monday to a $700 CLI.

Thank you I kinda knew your statement cut Smiley Happy

Message 7 of 8
Senior Contributor

Re: Discover CLI after Luv button denial!

Congratulations on your CLI!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 8 of 8
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