Discover just gave me a credit limit increase that I didn't ask for. (I don't mind - it will improve my FICO.) Of course the paperwork they provided says it is because of my great credit management. I think it's because I have $5,000 of balance transfers at a great rate, but that prohibit me from paying off $3,000 at APR in the upper 20's. They know that any money I might spend (I haven't spent a dime since the BTs), maybe 6 months ago) I can't pay off because it's blocked by all that BT debt.
So - do you think THAT is why they gave me a higher credit limit - or do you think something in my report improved my situation that it just happened?
The reason I ask is because I would like to consider opening another card and want a higher CL and BT offer to "unblock" that Discover card amount. What do you all think? What really prompts an unrequested CLI?
Thanks.
