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Surprise Disco CLI for a "thin and needy" me!

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Frequent Contributor

Surprise Disco CLI for a "thin and needy" me!

TL;DR: Disco almost doubles my Discover IT limit from $800 (starting limit) to $1500 (three months after opening account). I didn't press the LUV button; it was a complete surprise.

 

I read a comment from one of you fellow MyFico-ers that said Disco loves "thin and needy" files and that fits my credit profile to a T! 

 

I opened a Discover IT Cash Back card in early Feb 2019 with a credit limit of $800. (Amazingly good for someone like me.) My third statement just finished a few days ago. I log in tonight and it's increased by $700, to $1500!!!!

 

DATA POINTS:

  • Ex FICO 636 when approved for CC (Feb 2019), now 655, three months later.
  • Util is high; was about 85% when approved, is now 79%. (My debt-to-income ratio is okay because I have low-interest payments on some closed CCs.)
  • I am constantly swiping the card, constantly paying. Never let the util get too high before sending in a payment. Every expense goes through the Disco card; I typically spend far more than the $800 each month.
  • My income is low (approx 20K right now) but expenses are low, so a $1500 limit is just fine for me right now. (I was pathetically grateful for the $800 starting limit, who am I kidding?)
  • My baddies: 90-day late from almost a year ago (depending on which credit bureau you ask) and a debt settlement for less than full amount from about 6 months ago. Both stemming from the same credit card. 
  • Long credit history. AAoA is between 7 and 10 years. Oldest account is 17+ years. No other baddies.

 

I am over the moon over this CLI, because it's going to automatically help lower my pathetic high util and also give me more "breathing room" with spending/paying on the Disco card. I was always trying to keep the util on Disco under 20% or so but sometimes this was diffcult with a $800 limit. It's going to be a lot easier with $1500.

 

It feels pretty great but also weird because here I am with a (to me) fantastic CC with a nice limit (considering my income) but elsewhere all the offers and preapprovals I get are for Indigo and Credit One and so forth. Even Cap1 won't preapprove me for anything. I hope to get more credit cards in a while, but right now I LOVE LOVE my Disco card and they have a fan in me for life!

 

FICO8: Nov 20, 2018:
FICO8: Nov 20, 2019:
FICO8: May 3, 2020:
Goal for December 2019: FICO8 640-700 (reached! Fico 681!)
Goal for December 2020: FICO8 685-710
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $2000Shell Citi store card, $800Navy More Rewards, $17,000AMEX Cash Magnet, $1000Citizens Bank, $2,800Amazon Prime Store Card, 1700Cap1 QS, $1000FBNO Visa, $1600RIP Green Dot Platinum
Overstock $7,750, Walmart $500, Discover IT Cash Back $2400, Navy Fed cashRewards $2000, Shell (Citi) Fuel Rewards $800, Navy More Rewards $17,000, AMEX Cash Magnet $1000, Citizens Bank Cash Back $2,800, Amazon Store Card $1700, Cap1 QS $1000, FBNO Visa $1600, (RIP Green Dot Platinum Secured)

Starting Score: 539
Current Score: 678
Goal Score: 760


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Message 1 of 14
13 REPLIES 13
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Mega Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

" Disco almost doubles my Discover IT limit from $800 (starting limit) to $1500"

Message 2 of 14
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Established Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

Congrats on your increase!!!











Current

Goal Cards

Message 3 of 14
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Established Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

Congratulations, OP! It's a great feeling!

Garden Gnome
11 CC | 1 PLOC | 0 MTG | 0 AUTO
No inquiries since: 2019-11
No new accounts since: 2020-01
Message 4 of 14
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Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

Thats a great feeling......Congrats, I cant wait for the "guess what I got love from Discover and my CL is now 5K post!!"

Keep doing the right thing and Ill bet your there within 12 months...

Rock The House!!




8/19 FICO 8 TU 724 EX 712 EQ 698

FICO 9 EX 737
Starting Score: 720
Current Score: 720
Goal Score: 800


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Message 5 of 14
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Community Leader
Senior Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

Welcome to the “Disco likes me! It really likes me!” club! Congrats on big success!

Discover It: 19.7k
Amex ED: 18k
Citi DC: 6.7k
Citi Rewards+: 3.6k
Bank Americard: 2.8k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 6 of 14
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Community Leader
Super Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

Congrats on the auto luv!

Message 7 of 14
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Frequent Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

Congrats! Disco likes you Smiley Happy

Message 8 of 14
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Frequent Contributor

Re: Surprise Disco CLI for a "thin and needy" me!

Congrats OP, on your sweet new CL!

Starting FICO 8 December 2017

FICO 8 as of 5/7/20



Sock Drawer:


Gardening until Mortgage closes in Mid June 2020
Message 9 of 14
Highlighted
Frequent Contributor

Re: Surprise Disco CLI for a "thin and needy" me!


@EaglesWinLII wrote:

Thats a great feeling......Congrats, I cant wait for the "guess what I got love from Discover and my CL is now 5K post!!"

Keep doing the right thing and Ill bet your there within 12 months...

Rock The House!!


Thanks so much! I hope so! I'm really feeling the Disco love! After being a credit leper for a while (well, I still am a credit leper for most banks!) this feels absolutely fantastic!

 

Thank you everyone for your kind words and encouragement!

FICO8: Nov 20, 2018:
FICO8: Nov 20, 2019:
FICO8: May 3, 2020:
Goal for December 2019: FICO8 640-700 (reached! Fico 681!)
Goal for December 2020: FICO8 685-710
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $2000Shell Citi store card, $800Navy More Rewards, $17,000AMEX Cash Magnet, $1000Citizens Bank, $2,800Amazon Prime Store Card, 1700Cap1 QS, $1000FBNO Visa, $1600RIP Green Dot Platinum
Overstock $7,750, Walmart $500, Discover IT Cash Back $2400, Navy Fed cashRewards $2000, Shell (Citi) Fuel Rewards $800, Navy More Rewards $17,000, AMEX Cash Magnet $1000, Citizens Bank Cash Back $2,800, Amazon Store Card $1700, Cap1 QS $1000, FBNO Visa $1600, (RIP Green Dot Platinum Secured)

Starting Score: 539
Current Score: 678
Goal Score: 760


Take the myFICO Fitness Challenge   |   My credit recovery journal

Message 10 of 14
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