Congrats on your Discover CLI !
@HHH71 wrote:Also, maybe just something I didn't know. Everytime I have asked Discover for a CLI, I selected the box that said I just generally want more credit to meet my longterm needs. Usually a denial or a small increase. This time I decided to hit a different button. I selected I was going to need it to make some short term purchases and boom, a $4,500 increase. Is that a thing? They approve you for more believing you are going to spend more immediately. If so, makes sense. I would imagine there is a coorelation with people needing to spend more now and end up carrying a balance where they can make a lot of money on interest.
I doubt the reasons given have much, if anything, to do with their decision to grant a CLI or not. But it's possible. I was denied for the usual 6-month increase on my Capital One Quicksilver. Kept sending requests. Six months later, I was approved after changing my reason from my normal "Current limit doesn't meet my long-term needs" or whatever to "Expecting larger-than-normal upcoming purchase" or something like that. I don't really think that changing the reason for the request was why it was approved. I think when I was denied at 6 months, I was put on hold for another six months and when that time was up, bang, I got the increase. But I'm just guessing here.
@HHH71 wrote:Curious Note: Also, maybe just something I didn't know. Everytime I have asked Discover for a CLI, I selected the box that said I just generally want more credit to meet my longterm needs. Usually a denial or a small increase. This time I decided to hit a different button. I selected I was going to need it to make some short term purchases and boom, a $4,500 increase. Is that a thing? They approve you for more believing you are going to spend more immediately. If so, makes sense. I would imagine there is a coorelation with people needing to spend more now and end up carrying a balance where they can make a lot of money on interest.
Interesting. I have never seen the option to list a reason for CLI when requesting one with Disco. I'm just asked for income and housing payment.
