Right now, I have a Discover IT Chrome with $5,500 credit limit. I rarely use it. I would like to increase this credit limit to $8,600. What kind of amount should I purchase in a month? After 1 month or 2 months can I ask for a Credit Limit Increase? Is there a specific date I should submit this CLI (for example, a specific number of days after the statement balance)?
@oupsmince wrote:
Right now, I have a Discover IT Chrome with $5,500 credit limit. I rarely use it. I would like to increase this credit limit to $8,600. What kind of amount should I purchase in a month? After 1 month or 2 months can I ask for a Credit Limit Increase? Is there a specific date I should submit this CLI (for example, a specific number of days after the statement balance)?
consider product changing when the product change functionality comes back to the 5% card so you can have a much more useful card
the card will need spend to CLI, and CLIs are typically between $500 - $3000
just do it now and see if they'll increase you, if they deny, they will send you a letter saying why they didn't do the increase
put as much spend as you can on it and ask about once a month
I would love to do that but the problem is that it is my oldest credit card, it is 6 years old. If I product change, then it will go to zero and impact my average credit age, and decrease my credit score. Am I right?
I messaged Discover and the agent told me: "Currently, card conversions are not available. Our headquarters are working to make the process simpler. There is no time frame as to when this will become available."
You may ask any time you want. When they'll approve a CLI is anyone's guess. Miss Disco was hard to figure out even before Cap 1 bought them.
As far as we know, the underwriting at Discover is still separate from Cap 1 and unaffected by the merger, I think. That may change in the future.
You can product change from one card type to another online now. No need to speak to a rep. It does NOT affect the age of the account for scoring purposes. It is still the same account.
EQ8 781, TU8 764, EX8 772 as of July 17
How can I product change from one card type to another online? I don't see this option in the Menu while being connected to my account.
@oupsmince wrote:
How can I product change from one card type to another online? I don't see this option in the Menu while being connected to my account.
Disco Now Allowing PC in Online Portal and on App
@Outbackexplorer wrote:I got it to work. The trick is to sign in (on web, not sure about mobile) and search in the search bar for the word "convert". Then a link should pop up for it. At first it said it wasn't available for me but I checked back the next day and it worked and I was able to product change my chrome to a cashback!
I tried that and the first search result was "Change Rewards Program". I clicked on that link, and it only displayed the Help Center. I was also chatting with a Rep and she told me this: "this is Deborah in Utah thank you for reaching out today for information on if we are currently processing reward conversions. At this time, we do not have the ability to process a conversion from one reward structure to another, however you can have up to 2 different accounts as a primary card member. Would you be interested in opening a 2nd account?". Then a new message came and said "Thank you for your patience, the cards cannot be changed once you apply for a pecific type, if you want a 2nd card please apply for the pecific type you would like."