@Anonymous wrote:
But there is something to be said for not requesting every 30 days... the $3K was my first time asking in 9 months of having the card and there are people who request every 30 days that never get a CLI.
The counter argument can be made to that, though, where people that request every 30 days have great success with CLI results. I'm probably the biggest CLI requester for Discover there is (60+ denial letters in probably 30 months) and overall I've had strong CLI success, having taken my limit from $12,500 to $44,300. The question then is if I were to have dramatically reduced my CLI requests from 1 every 2 weeks on average to (say) 1 every 2 months, would my end result have been different? I honestly don't think I'd be a penny higher CL wise today had I been more conservative with my requests and honestly my gut tells me I would actually be at a lower current limit? Why?
Because Discover's #1 denial reason is "not enough experience with current credit limit." All 60+ of my denial letters are for this reason, as is the case for probably 95% of the rest of you. "Experience" here refers to the element of time, not spend like some think. That being said, if the element of time is a factor for your next CLI, getting your CLI sooner simply restarts that clock quicker. Think of it like other lenders like Amex or Cap One that require 6 months between CLIs. One person may request their CLI at 6 months (right when they're eligible) where the other may not do it until 8 months. Now that person is 2 months "behind" the other guy when it comes time to request again; the first guy can do it at 12 months where the other now has to wait until 14 months (from the original start of the race).
So, someone may have a Discover CLI on the table waiting to be approved on January 1. If the account holder doesn't submit the request until Feb 1 (getting approved) they "missed out" on that CLI for 1 month. Say when the clock is reset here, the next CLI will be available in 90 days. Had this person made their request (and received the approval) on January 1, they'd be eligible for that next one on April 1... but now due to holding out another month their wait time is until May 1. 1 month doesn't sound like much, but over the course of several years a month here and a month there can definitely add up.
