What's up with Discover!??

[Anonymous]

No, I don't have a balance right now, (I try to carry a small or no balance), but my scores recently nosedived due to high utilization on another card, (long story).  Plus I've only had my card for two months.

[baller4life]

Oh I see. Well you will be getting increases in no time.

[Anonymous]

I am a rebuilder and got my Discover in March.  I've been terrified to try for a CLI, but due to all the approvals, hit the luv button and got a SP CLI for $1k!  Whoohoo!

[nma851]

---

@baller4life wrote:

---

@Anonymous wrote:

I'm jealous!  Unfortunately I won't be in a position to request a CLI until the fall, and I'm afraid by then they'll be done with the great CLIs.

---

Are you carry a hefty balance or something? They don't care. I've gotten increases with $0 balance and when I balance transferred. It's all good.

---

Pretty much echoing what has/is being said above & a bit of my own "YMMV":

DISCOVER ITSELF:

DATE OPENED:  13 OCT 2014

INITIAL CL:  4,000 from OCT14 - JAN15;

CLIs:  10K from JAN15 - JUN15 (AUTO), 17K JUN15 - PRESENT (LUV BUTTON 02 JUNE 15);

BALANCE: $0.00

HIGHEST BAL:  $781

OVERALL

OVERALL UT: 4%

HIGHEST UT INDIVIDUAL: 9% (Lowes, $900 Balance on a 10K CL);

LOWEST UT INDIVIDUAL:  2% (BC Rewards, $214 on an 11K CL);

# OF ACCOUNTS W/BAL: 3/14;

AAoA: 11;

OLDEST: 19.8 Years (just to give exact age);

YOUNGEST: 3 Months;

FICOs:  785 lowest at the time, not even sure what CRA they got the SP from and/or when.  So, just to keep things as accurate as possible, we'll use my lowest score from the last 3 months which is 785 via the thorn in my side TU.  Yeah I'm back at the 799 again - they just won't open that door an INCH for me to 800...  EFX/EXP will but NOT TU!!

On the 2nd of June, when I got that increase posted in this thread, it was on a 0 balance statement and a current 0 balance.  I've never rode a balance with Discover, even during my promotional period (didn't know I had it - IDIOT - just thought it was for BTs only).  Then again, I'm a PIFer unless it's a 0% promo, eg my Lowe's account, and I'm 100% OK with 9% UT (900/10K).  That's the highest individual UT also. 

The above is what I was at when I got that $7K; I'm still debating was to do come 19 June, however.  Then again, just for purposes of the "17-day rule" and/or seeing what it will do given the CLI from 02 June, it won't hurt me to hit it.  

Should it want an HP, least I can abort the mission.  Will update ya on the 19th of June.  What is the max before they start haggling about documents?  $20K?  Doesn't matter about submitting them if asked but if $20K is the "number", we'll see if it gives me $3K to make an even $20...  Then again, could walk away with NOTHING LOLOL

[Anonymous]

What about having multiple CLIs plus other CLIs on other cards in a short period of time, is there a chance of any isues?

[Anonymous]

---

@Anonymous wrote:

I am a rebuilder and got my Discover in March.  I've been terrified to try for a CLI, but due to all the approvals, hit the luv button and got a SP CLI for $1k!  Whoohoo!

---

Yay!!! Go Discover, glad to see you got a increase

[Bman70]

So has anyone's Discover CLIs pushed their total available credit past their income? How far past? 2x? 3x? Curious if this might risk AA.

[nma851]

---

@Anonymous wrote:

What about having multiple CLIs plus other CLIs on other cards in a short period of time, is there a chance of any isues?

---

You make one heck of a good point.  IMO, this rapid CLI buildup is no different than opening multiple accounts.  Reason being?  There's no experience with this amount of line either way you look at it.  In some way, shape, or form, it's adding additional available credit to the profile.  Sure we may have another account matching or even exceeding the increased line, but there isn't any experience with the "additional".  Granted as well, length of history plays a relatively large factor in higher lines too, even if income supports it.  2 decades of positive payments demonstrates, at least in my case, that in addition to my income, I have the ability & capability to responsibly use it.  

As inferred in your reply as well, it's all all about that good ol risk/reward fine line of finance.  And nope - I claim no knowledge at any level other than the school of hard knocks (and MyFico school of Multi-faceted approach to teaching.  At some point we all become a "higher risk" and that's it with the lender, justifiably so.  Even though we may have the means, this may not be an acceptable amount of exposure for a given lender and AA happens as a result thereof.  I suppose once the CLIs become smaller or none at all, and the citation references "maximum exposure", I would start thinking about how to maximize what I have so to speak.  

Then again I could be totally off base here!

[Anonymous]

I got a cli 18 days after the last one 1k. 0 balance on card.

Wife got 4500 cli. Last one was for 3k about two months ago. She as a 2k balance on it.

[Revelate]

---

@kdm31091 wrote:
They won't be "done with CLIs" in the fall. Yes they have been more generous lately but it doesn't mean all underwriting is abandoned.

If your profile supports the increase in the fall or whenever, you'll get it. It's good to see the trends but credit is an individual thing and this forum is a small sample size.

---

They could go back to their prior standards or even more restrictive with a couple of keystrokes and a wave of a mouse if their application infrastructure was written in this millenium give or take.  It's not thing to build into an origination system and as such it could change overnight at some point in the future.

Do know if my spree doesn't produce the limits I'm hoping for, I will absolutely leverage their current CL policies to try to build a 20K line.  No real reason not to, will look a little awkward on some credit reports but figure I can justify that on a manual UW someday if I have to.

You're right about the small sample size though: most consumer's don't know about this or I can't imagine this practice would last beyond the light of the next day.