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Learned today that you can put in CLI every 30 days! with DISCOVER

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NRB525
Super Contributor

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

I got my last Discover CLI exactly a year ago, 2/25/2018. $500.
Asked at least once during the past year, nothing more. Not sure if the 0% on purchases and BT affect that.

Anyway just asked again tonight, 2/25/2019 another $500 to $17,500. Better than nothing, but slow going.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 11 of 34
RickNATL
Established Contributor

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

LOL....I agree AverageJoesCredit

Message 12 of 34
Anonymous
Not applicable

Re: Learned today that you can put in CLI every 30 days! with DISCOVER


@NRB525 wrote:
I got my last Discover CLI exactly a year ago, 2/25/2018. $500.
Asked at least once during the past year, nothing more. Not sure if the 0% on purchases and BT affect that.

Anyway just asked again tonight, 2/25/2019 another $500 to $17,500. Better than nothing, but slow going.

Perhaps you should entertain the approach of many/frequent requests and see how that works for you.  If your goal is a greater limit, of course.  You may very well find greater success that way, much the way I did.

Message 13 of 34
longtimelurker
Epic Contributor

Re: Learned today that you can put in CLI every 30 days! with DISCOVER


@Anonymous wrote:

@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.


I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing.   But....!  If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....

Message 14 of 34
xaximus
Valued Contributor

Re: Learned today that you can put in CLI every 30 days! with DISCOVER

I've actually been following BBS's approach and have been trying pretty consistently weekly. More or less, I've been declined just about every week now. I don't think I've gotten a CLI on my first IT card for a couple of months now. It's been stuck at 15K. I havn't used it since I've opened the new one and have been using that for the CB match and 5% categories. Besides that, not really at all. Maybe I should throw some spending on it to see how that goes for a few months.


Scores - All bureaus 770 +
TCL - Est. $410K
Message 15 of 34
AverageJoesCredit
Legendary Contributor

Re: Learned today that you can put in CLI every 30 days! with DISCOVER


@Anonymous wrote:

@AverageJoesCredit wrote:
Discover cli is like finding the answer to a magic 8 ball, you have a 50/50 chance of eventually being rightSmiley Wink

You’re just a credit junkie lol. Smashing that button hoping for a quick fix. smiley-laughing021.gif


Wiser words never spokenSmiley Happy

Message 16 of 34
Anonymous
Not applicable

Re: Learned today that you can put in CLI every 30 days! with DISCOVER


@longtimelurker wrote:


I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing.   But....!  If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....


You answered your own question at the outset: considerably LESS of a "good thing". 

Message 17 of 34
Anonymous
Not applicable

Re: Learned today that you can put in CLI every 30 days! with DISCOVER


@longtimelurker wrote:

 But....!  If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....

Also: "a thing worth doing is a thing worth doing well." 

Message 18 of 34
Anonymous
Not applicable

Re: Learned today that you can put in CLI every 30 days! with DISCOVER


@longtimelurker wrote:


I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing.   But....!  If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....


Absolutely nothing on an obsolete card outside of the rotating 5% categories, or I guess BT options, which I've never done.  For a Transactor, having a Discover limit in excess of (say) $10k is essentially useless, IMO.  That doesn't however stop people from trying and/or wanting the highest limit they can get on Discover, as evidenced by the dozens of active CLI-related threads for Discover sprinkled throughout multiple sections of this forum.

 

As I've stated in the past, I keep asking just to see how many more bad business decisions Discover is going to make and see how much credit they'll ultimately extend me.  At this point, for me, it's nothing more than a game and has been for a while really. 

Message 19 of 34
longtimelurker
Epic Contributor

Re: Learned today that you can put in CLI every 30 days! with DISCOVER


@Anonymous wrote:

@longtimelurker wrote:


I understand for the point of this discussion it's taken as a given the getting the CL as high as possible is a good thing.   But....!  If over the course of several years your CL turns out to be $20K lower than it could have been, what exactly is the real loss....


You answered your own question at the outset: considerably LESS of a "good thing". 


The "But...!" indicated that I didn't agree with the premise.

Message 20 of 34
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