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Discover it Approval!

Valued Contributor

Discover it Approval!

I got approved on Friday for only $1k. I called afterwards and ask them to add a BT amount of $2k and CL went up to $4k. I then called back and requested to cancel the $2k BT and replace it with a BT of $3k and CL remainded the same.

I guess it is possible to get a CLI by trying to add a BT higher than your CL. I ended up canceling the BT as I didn’t need it afterwards. So my card will arrive on the mail in 5 days with a $4k CL. I did this to merge both of my cards in the future to make it a $10k Discover It CC. My goal is to have all my cards at $5k or more.

Slowly but surely.

Data pooints:

- Over 20 inquiries between all 3 bureaus in the past 24 months
- Bk d/c on 10/2010
- About 8 new accounts in the last 24 months
- Current scores in the 720s across the board
- UTL 4% on one card (BT)
- No other debt



FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
7 REPLIES
New Contributor

Re: Discover it Approval!


@c00mtg wrote:
I got approved on Friday for only $1k. I called afterwards and ask them to add a BT amount of $2k and CL went up to $4k. I then called back and requested to cancel the $2k BT and replace it with a BT of $3k and CL remainded the same.

I guess it is possible to get a CLI by trying to add a BT higher than your CL. I ended up canceling the BT as I didn’t need it afterwards. So my card will arrive on the mail in 5 days with a $4k CL. I did this to merge both of my cards in the future to make it a $10k Discover It CC. My goal is to have all my cards at $5k or more.

Slowly but surely.

Data pooints:

- Over 20 inquiries between all 3 bureaus in the past 24 months
- Bk d/c on 10/2010
- About 8 new accounts in the last 24 months
- Current scores in the 720s across the board
- UTL 4% on one card (BT)
- No other debt

Congratulations on the approval!! 

Fico 8 - 6/22/18
EQ = 670 ~ EX = 641 ~ TU = 634
Chase United ~ Capital One QS ~ Barclays Apple ~ Discover It ~ Amex Delta Gold
Gardening since 5/21/18
Message 2 of 8
Moderator

Re: Discover it Approval!

Congrats..  Very interesting DP about the BT.. Seems like they might like a piece of in-debtness BT fee and possibly willing to see more money made hence a higher limit?  Usually Discover will recon on a 1k Approval to 1.25k ask me how I know.. :/..  Granted higher now, but still my 2nd lowest limit card and I use it for a pretty decent amount each month due to double cash back

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's | Fifth Third Bank | FNBO | BB&T
Message 3 of 8
Valued Member

Re: Discover it Approval!

Nice trick on the BT transfer, worked out well!

FICO 8 Scores 4/1/2018: 694 EX 714 EQ 740 TU

WF Cash Wise $12,500 PenFed Power Cash $9,500 BOA $4900 HSBC Cash Rewards $2750 Discover It $800 Maurices $500
Message 4 of 8
Valued Contributor

Re: Discover it Approval!

Congrats on the Disco approval, and great work getting an increase off the bat

State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
Message 5 of 8
Valued Contributor

Re: Discover it Approval!

Congrats on your new card and nice trick by the way on the BT hehe ... ill try that next time

7-2018 / Fico 8 EX 774 , EQ 781 , TR 785
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth 3rd Bank 12k , BofA 10k , Union Bank 5k
Message 6 of 8
Established Contributor

Re: Discover it Approval!

Congrats on the approval and CLI!

 

Robot Very Happy


Message 7 of 8
Valued Contributor

Re: Discover it Approval!

I was actually going for the BT, but decided to just pay my other card to $0. However, yes, it is a nice trick to use. 1st attempt - Initial approval was $1k. Raised to $4k CL for a $2k BT. 2nd attempt - CL remained at $4k with a $3k BT. ($1k available remaining) I wonder if i should had said i wanted a BT of $5k to maybe have the CL increased to $6k ($1k available remaining) Something to think about.



FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 8 of 8