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With all the disco luv recently and the moon and stars that aligned for @AJC I am curious if anyone has experience with declining their offer and waiting for a better outcome?
They offered 500 to me and I declined and was hoping if I waited it might turn into more.
Just wondering if anyone else has done this and been successful and if so how long was the process? Also holding out and maybe combining my cards to get a single better line and think that is possible with a CLI on the table? Just keeping that option open.
Thanks
@AverageJoesCredit wrote:
There have been a person or two or have done this. Lol, i myself can no way afford to decline a standard cli for my weight class. I salute all you declinees. You all have bigger Disco Balls than i do.
😂😂
Oh the weekend is young lol, with my first card I get 300 increments every 4 months or so. Now atleast this card is starting at 500, so doing better I suppose.
I want to know about this tooo. Anyone?
@Jnbmom wrote:They offered 500 to me and I declined
I took The $500
as i had not had a CLI in Many a Moons.
but also note; it was in the Sock Drawer for a loooooong time.
I'v asked about this in a past thread...
I'm curious to someone who has done this and the outcome....
If I were to do this myself... id refuse the CLI, and then try again in possibly 3-6 months.... Unless an autocli happened ....
This is my thought on this.. Note its not probably how it works with Miss Disco and completely hypothetical....
Declining a smaller CLI would appear to me if i was a human underwriter... that you arent desprate for it and don't "need it badly".... so next time around you ask for one. barring other parameters say yes.. I'd be likely to give you a bit more.. And this is how Cap One used to work at one point.. Not sure as of late...
Remember this is completely magic 8 ball/woo/prediction land im talking in regards to Miss Disco. YCMV
-J
@AverageJoesCredit wrote:
The problem i see with declining one is there is no set way to determine when the next offer will be available.
Think 3 months might be a good starting estimate for a "waiting" period or possibly 6 months between tries... at least untill we know better. (remember first autocli if there is one comes after the third statement and you can request APR reductions and offers every 6 months as long as its after the promo period. One thing i have stopped doing quite some time ago is smashing constantly... I had a good run.. now its 6+ months if i even hit Miss Disco up.....
@Jnbmom wrote:With all the disco luv recently and the moon and stars that aligned for @AJC I am curious if anyone has experience with declining their offer and waiting for a better outcome?
They offered 500 to me and I declined and was hoping if I waited it might turn into more.
Just wondering if anyone else has done this and been successful and if so how long was the process? Also holding out and maybe combining my cards to get a single better line and think that is possible with a CLI on the table? Just keeping that option open.
Thanks
Where you are in Discover Credit Limit is relevant to the discussion.
Someone with $2,700 limit might be well advised to take the $500 increase.
The posters suggesting waiting 6 months after declining a $500 increase, I am not sure that makes sense. After 6 months of further use, Discover may offer the same $500 increase. I know the long list of my Discover CLI have been $500 each, 8 of them actually of $500 each. So if you decline one at $500, then get another of $500 at 6 months, if you took the first, you'd have +$1,000 by that point, not +$500. And I did decline a $500 CLI, twice, in mid-2016, before this run of 8x at $500 is what I got. So I've really got 10 offers of $500, which I accepted 8 of them. I would be $1,000 higher if I had just accepted all of them.
And if one has a $27k Discover CL, how much more CL is expected? $500 may be them just throwing you a bone to keep a smile on your face. $10,000 CLI seems out of the question at that level. Even a $2k CLI would be odd.
My Discover CL is $17,500 now.