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Discover CLI

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MB2714
Regular Contributor
‎03-05-2017 05:22 PM
‎03-05-2017 05:22 PM

Discover CLI

Hi I have a friend who opened a Discover in Early December and they were started with $6,500 limit and their last Fico on their statement was 702, they want to know if they should request an increase and when or should they wait on Discover Auto Increase. Also they want to know how long does it usually take for the first auto increase without asking and usually how much does Discover give on system generated increases versus asking for a increase if anyone knows 
Chapter 7 Discharge April 2015. .Transunion 662 07/2017
Equifax 652 07/2017
Experian 657 07/2017
Cap One QS $2,200; Cap One QS$2,950; Cap One PSVisa $1,100; Nordstrom Visa $3,500; Target $300; Syncb/Walmart $500; VonMaur $500; Cap1/Saks $500; Barclays MC(AU) $6,400; Buckle $250; Syncb/Car Care (AU) $2,500.
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austinguy907
Valued Contributor
‎03-05-2017 05:53 PM
‎03-05-2017 05:53 PM

Re: Discover CLI

Typically in the first 60-90 days if yuo're going to see an auto increase that's when.

 

The system will auto reject a manual increase during the first 90 days typically.

 

Every other month seems to be ideal for hitting the button and getting the most per request for me at least.  Others hit the button every 30/90 days with mixed results.

 

The manual requests usually result anywhere from $500-$8K depending on your profile.

 

http://ficoforums.myfico.com/t5/Credit-Cards/Discover-unOfficial-Data-Points/m-p/4802538

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