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Quick Disco CLI Question

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Senior Contributor

Quick Disco CLI Question

So, tomorrow will be 31 days since my 1st Disco CLI. I am going to pay my balance down to zero before my next statement cuts the last week of the month. Should I pay down to zero now before hitting the luv button? Could it possibly make a difference?
Current Scores: EQ 679;TU 647; EX 679 Gardening since 11/7/18
Beginning Scores-- EQ 632; TU 576; EX 619 FICO 08 (06/13/16) - BK7 discharged 11/2015
Message 1 of 11
10 REPLIES 10
Valued Contributor

Re: Quick Disco CLI Question


@Bella007 wrote:
So, tomorrow will be 31 days since my 1st Disco CLI. I am going to pay my balance down to zero before my next statement cuts the last week of the month. Should I pay down to zero now before hitting the luv button? Could it possibly make a difference?

My two biggest CLI's with discover have been when I had a decent balance on the card when I got the CLI. Also I have always had to wait 91 days to get my increases. How is your TU score?

Gardening until September 2019
Next app: Mortgage in September 2019
Message 2 of 11
Valued Contributor

Re: Quick Disco CLI Question

Never mind about score I didn't see your scores on my phone screen. 

Gardening until September 2019
Next app: Mortgage in September 2019
Message 3 of 11
Super Contributor

Re: Quick Disco CLI Question

My biggest EVER Discover increase just came thru today, in the middle of the night mind you

 

It was instead of the usual 500 a pop this time was $2K (a New Record) after having their card (3) years.

 

Also this is a full week BEFORE the statement even cuts, ANOTHER FIRST for this card.

 

Yes, pay it off IMO.

 

I just PIF a BT that's been rolling on it about 3 months so that too might have been looked at favorably.

 

 

Message 4 of 11
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Established Contributor

Re: Quick Disco CLI Question

IMHO Discover is such a weird beast I don't think it matters! I've gotten $500 increases when it's PIF and $3k increases when it had a balance! 

Message 5 of 11
Community Leader
Senior Contributor

Re: Quick Disco CLI Question

@Discover2016 Thanks! I am going to try just to see if I'm one of the lucky, every 30 day people, that way I'll know. My TU isn't that great but they gave me one last month...fingers crossed. The worst they can do is say no.☺

@CreditMagic7 Awesome, thanks for sharing your firsthand experience. Disco gave me my first one after I had let a lower balance post, so I think I might pay it to zero first, then request the CLI later this week.

@smc4getnot The more I read about Discover, the more I'm seeing that YMMV! Well see what happens! I'm pretty much expecting to be on the 30 or 60 day luv train, but nothing ventured, nothing gained!😀
Current Scores: EQ 679;TU 647; EX 679 Gardening since 11/7/18
Beginning Scores-- EQ 632; TU 576; EX 619 FICO 08 (06/13/16) - BK7 discharged 11/2015
Message 6 of 11
Established Contributor

Re: Quick Disco CLI Question

I don't know if it 100% matters either, but like CM, I just got a sizable increase after paying off a large balance as well.

2/5/18 EX 738 TU 751 EQ 737 9% Util All reports on ice! Gardening again!
NFCU CR ($25,000) | BofA CR ($19,800) | Discover ($12,300) | BofA BBR ($7,000) | Amazon ($6,000) | Citi Costco ($7,900) | Marvel ($8,000) | Chase Amazon ($6,000) | Paypal MC ($8,000) | Barclay Apple ($4,300) | AMEX BCE ($12,000) | AMEX ED ($1,000) | Cap QS ($3,400) | GM Buy Power ($2,000) | Citi DC ($2,700) | Wayfair ($9,400) | Victoria's ($4,000) | NFCU CLOC ($15,000) | Tiffany & Co ($1,000)
Message 7 of 11
Valued Contributor

Re: Quick Disco CLI Question

Apparently hubby is on the 90 day train (maybe longer). I thought that he had gotten his last CLI in September but in looking at the emails the confirmation email was dated October 5th. Will try again in January
Message 8 of 11
Super Contributor

Re: Quick Disco CLI Question


@Bella007 wrote:
@CreditMagic7 Awesome, thanks for sharing your firsthand experience. Disco gave me my first one after I had let a lower balance post, so I think I might pay it to zero first, then request the CLI later this week.


Well it's been said it sometimes doesn't matter but it looks better to them IMO with a PIF zero balance when approaching any lenders for a line increase.

 

And this time I know for a FACT that it had EVERYTHING to do with my FICO TU Score some 20 points higher than at any other time that I tried.

 

Not only that but for the very first time ever for my Discover Card, before the statement cut too. Never occurred like this before with them. 

Message 9 of 11
Super Contributor

Re: Quick Disco CLI Question


@CreditMagic7 wrote:

My biggest EVER Discover increase just came thru today, in the middle of the night mind you


 


CM, was this a self-initiated CLI or was it an auto-increase?  If it was an auto-increase, just making sure you are aware that if you go online and request a CLI right now you stand a very good chance at another instant CLI, usually to the tune of the one you just got auto so right around $2k.  If the CLI you just got was self-initiated (2 day message type) then this technique will not work.  Just a FYI in the event that you may be leaving money on the table.

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