Help! Stuck in the $500/90 day cli with Discover

Anonymous · ‎11-09-2016

Is there any way out of this? Do I just need more patience? I'm coming up on a year with Discover. My SL was 800 then they bumped me to 1300 in month 2, month 3 was a bump to 1800, month 6 was 2300 and now at month 9 got to 2800. I pay in full every month. My monthly spend is about a grand on it but I've gone almost to the limit a few times. Scores below are old but essentially unchanged. Should I just not accept the next 90 day increase? Not ungrateful at all....just perpelexed. Any help is appreciated.

austinguy907 · ‎11-09-2016

While you're moving up in Discoverland by 4 X your original limit something seems to be hiding in the shadows that is spooking them. Looking at your signature line it seems about par with your other lines. I found restraint with them to be the best policy for getting more out of them in the long run. Some here preach pushing the limit by spend spend spend and pay multiple times per month. They usually end up with $500-$1000/CLI. So, with that in mind pull back a little bit and maybe put something static like a monthly bill on it and let it auto PIF each month for a couple of months and then hit the button again and see if it changes.

Work on CLI's on your other cards while you're waiting things out and garden from apping. AMEX should be coming up on a CLI if you haven't already.... Credit Solutions should be a friend for your Synch based accounts with a call to 877-379-8173 and asking for $10K on each of them as they'll counter and it's a SP.... Macy's will entertain a CLI every 6 months chat/phone/message all work and 99% of the time it's a SP.

Anonymous · ‎11-09-2016

Thanks. My Walmart acct just increased to 5k. I'm leaving them alone for now because it's too much of my credit with one bank. I'll take your advice about discover. Amex is due in a month and I'm hoping cap one will do better than the $150 it gave me 6 months ago. Also patiently waiting for PenFed to offer up a cli without the HP. Thanks!

mongstradamus · ‎11-09-2016

@Anonymous wrote:
Thanks. My Walmart acct just increased to 5k. I'm leaving them alone for now because it's too much of my credit with one bank. I'll take your advice about discover. Amex is due in a month and I'm hoping cap one will do better than the $150 it gave me 6 months ago. Also patiently waiting for PenFed to offer up a cli without the HP. Thanks!

i was in your position before you just have to wait it out , discover can be quite finicky when it comes to CLI, if i recall for me it was almost an year and half before they budged but when they did start giving me CLI they kept on coming lol. I would just say be patient.

EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16

austinguy907 · ‎11-09-2016

@Anonymous wrote:
Thanks. My Walmart acct just increased to 5k. I'm leaving them alone for now because it's too much of my credit with one bank. I'll take your advice about discover. Amex is due in a month and I'm hoping cap one will do better than the $150 it gave me 6 months ago. Also patiently waiting for PenFed to offer up a cli without the HP. Thanks!

5K is a good update on WM. Think of Synch as your best friend and padding. Most of us use/d them for padding while building things up with other companies. Using the # won't hurt and it's a SP for increases. If Discover / Amex don't feel they have to compete at a higher level for your spending they won't budge much more than they have to to keep you happy. Pushing your limits upwards and then waiting 30-45 days for them to actually report is the game of getting your "prime" cards to compete for your swipes. Your scores are good right now but, with the right approach they could be grrreat! I found in the past year or so that AMEX competes more with other lenders with the 3X policy they have in place. Discover likes to drag their feet when competing but eventually catches up with time and persistence. Also, a couple of people mentioned calling 800-347-4856 the same day as their CLI and getting another matching or more CLI from the follow up call.

Anonymous · ‎11-09-2016

I did try a back door with Discover but they wanted to do a HP...so pass.... lol. I should be happy where I am considering where I started 12 months ago on a rebuild.