Those having DECLINED a Discover CLI, your advice?

[Anonymous]

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@FinStar wrote:

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Regardless, an equally valid point from a different set of data points and perspective, no?  Or would you also discount those responses from those individuals who also offered the opposite results?

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You're missing the point completely.  The member above said there's no scientific or logical reason to try and analyze what I'm looking for, when there's nothing to analyze here.  It's a black or white answer.  Either a CLI left on the table (self-declined) with Discover will remain at the declined value presumably until accepted, or it has the ability to grow.  One or the other.  Black or white.  Based on the responses of several members above, it can continue to grow.  That answered my question and to those members that aided in that answer, I'm thankful.  No logic or deep thought needs to be considered here. 

Other opinions are fine and welcome from additional members of course, but that doesn't change or discount the answer to a black or white question.

[SouthJamaica]

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@Anonymous wrote:
Here's the thing. There's no scientific or logical way to analyze what you are looking for.

You could decline the $500 increase and get a $5000 next month. You'll think it was a great idea to decline the increase cause you got a lot more soon. But what if you took the $500 increase now and then got a $4500 increase next month?

Since you have to pick an option, and can't pick both, you don't know what the result would've been if you picked the other option. Even the examples that you got so far fall in line with this fallacy.

I say take whatever increase you get and the apply again in a month.

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Well in my case I basically get nothing but $300 CLI's when I can get one at all, and this has been going on for 4 years now. So if I pulled the luv button, was offered 300, turned it down, and 2 months later got 4500.... that would be definite confirmation for me that turning it down was the right move.

Your point is valid. Yes it's not proof to a mathematical certainty. It's theoretically possible that the Discover monkey gods had finally and randomly decided to bless me. But I think it would be proof to a reasonable probability.

[Anonymous]

Problem with this scenario, is that you lose the two year history with the first card by moving to the new one. Though I guess it's no big deal if you have several older accounts.

[Anonymous]

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@Anonymous wrote:

Problem with this scenario, is that you lose the two year history with the first card by moving to the new one. Though I guess it's no big deal if you have several older accounts.

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No you don't. The card will stay on your report for up to 10 years.

[Anonymous]

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@Anonymous wrote:

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No you don't. The card will stay on your report for up to 10 years.

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That's correct.  Furthermore, the account data will presumably stay in Discover's internal database forever, long after it falls off the credit report.  Discover being able to see (outside of one's credit report) another positive account through them can only aid in their future lending decisions.

[Anonymous]

But does it not affect your AAoA, to open a new account? So you essentially have a 2 year old card that's meaningless to you, because you want higher CLIs to achive a certain CL. What happens if/when the second card only nets smaller CLIs? Rinse and repaeat? If you're okay with a HP for a new card, why not just ask them to HP you for a higher CLI on the existing account?

Also what is the optimal CLI people are after?

When Discover was giving me $2-3K CLIs, I was only asking about every year or two. It wasnt until I read it here that you can request a CLI  more often than every 6 months, that I tried it and thus got the $500 offer. So personally I'm fine with my old pattern of every year asking and getting higher amounts. As opposed to asking every couple months.

Discover isn't Amex, where you can possibly get 3X your CL. If you're technically allowed to request one every 30 days, what's wrong with getting $500 each try? Or if even only half of those requests net an increase, that's $3-6K annually in CLIs if successful.

[Anonymous]

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@Anonymous wrote:

If you're okay with a HP for a new card, why not just ask them to HP you for a higher CLI on the existing account?

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If you're talking Discover, obtaining a new card would give you another year of 2%/10% rather than the 1%/5% that a > 1 year card offers.  Also if one's goal is to obtain a single card with a high CL and they've stalled out with small CLIs, a new account with an approval of say $10k could be a limit that would take 2-3+ years to obtain in CLIs.  For those that may be heavy on AAoA and have opened at least one other account recently, it's completely possible to see little to no score drop as well with the addition of another account.  It's also worth mentioning that a HP CLI does not ensure a better than SP CLI result.  I've taken a HP from a lender in the past for a CLI and been given less than the SP CLI I got from them 6 months later.