discover cli stingy?

[revvystoke]

I make around 48k a year and discover is being very stingy with their clis. I have a BofA card that started at 2500 a few months ago and I used the online button and they gave me another 1k last week. I tried calling discover and I hung up before the automated cvr could transfer me to a rep which in my experience means they need to do a hard pull. I got the card two years ago with a limit of 500, and it went up to 1250 in January. It is my oldest card. I have never maxed it out or been late on a payment. I like their rewards but the low limit keeps me from using it much.

Edit; I forgot to list my scores, I was at 674 when I asked for the cli, I am at 634 now because I used the ak air card to buy tickets and it will be pif'd today.

[aftermath]

From my experience, Discover basis their CLI according to your spending habits.

If you use it often and pay the balance down multiple times a month, then to them it seems like you need more spending headroom and will raise your CL.

My wife had a Discover with a starting CL of $1500.  She maxed it out and paid it down twice a month for a few months.  So technicially, she was spending $3000 a month on a $1500 credit card.

Discover gave her an automatic CLI to $4000.

[revvystoke]

Thats probably the reason then, when I first got it I would do that same thing, but the limit was so low my util was all over the place so I sockdrawed it and just used debit.

[aftermath]

Just pay the balance off before the statement date and you wont have to worry about utilization.

Why use a debit card when you can get rewards for spending your money with Discover while at the same time building a relationship with them.

[revvystoke]

I was using the ak air debit card, the miles really pile up.

[Anonymous]

This is just what I am doing.

I charge all of the budgeted expenses each week and track them. Then on Sunday mornings, I pay all of the previous weeks credit card purchases. Easy to do and keeps me honest with the money.

Last month. I ran just under $5k through Discover and this is with a $1500 line. I think soon enough they will see that I need more available and give me the increase.

On a side note, I did contact them and complain that my line was too low and if they expected me to use their card as my "go to " card, I needed a CLI. The nice lady told me they would look again at me after 60 days... I can be rather firm when needed and I do not let the CRS intimidate me. I guess that is a sign of  getting older - LOL!

So maybe sooner than later. I guess I will find out at the end of May!

Ray

[Anonymous]

I am taking a different approach. I am not using my card anymore until they show me any sign of appreciation (CLI, balance transfer offer... etc) for my business. IMO they should learn to be more competetive they're not the only (nor the best) lender on the market. I'll give my business to those who appreciate it.

[aftermath]

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@Anonymous wrote:

I am taking a different approach. I am not using my card anymore until they show me any sign of appreciation (CLI, balance transfer offer... etc) for my business. IMO they should learn to be more competetive they're not the only (nor the best) lender on the market. I'll give my business to those who appreciate it.

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Do you know how they will show you their appreciation if you don't use their card anymore?

They will close your account down due to inactivity.

Because you feel like you deserve more credit from them, in actuallity you will lose credit.

[haulingthescoreup]

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@aftermath wrote:

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@Anonymous wrote:

I am taking a different approach. I am not using my card anymore until they show me any sign of appreciation (CLI, balance transfer offer... etc) for my business. IMO they should learn to be more competetive they're not the only (nor the best) lender on the market. I'll give my business to those who appreciate it.

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Do you know how they will show you their appreciation if you don't use their card anymore?

They will close your account down due to inactivity.

Because you feel like you deserve more credit from them, in actuallity you will lose credit.

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+1 Very true.

Each of us has the right to handle our cards however we see fit, but if someone gets irritated at a lender and decides to sock-drawer their card, I can assure you that the CEO of the bank is not lying in bed at night, staring at the ceiling, traumatized by this consumer action.

I've had some dud cards. Most of them I've cancelled, having decided that they weren't going to get better, and they weren't really worth it anyway. I kept my Chase Freedom open because they finally got me into the 5% rewards program, and I was making a chunk of change off of them. To my amazement, they increased my CL without my asking, and it's now up to a whopping $4K (from $2500.)

--and I'm pretty sure that the auto-CLI resulted from my increased usage during that wonderful six-month period of 5% on groceries.

Again though, it's our own decisions whether we want to fool with a card that doesn't seem to be going anywhere. Just don't be terribly surprised if non-usage does not improve things.

[Anonymous]

Well I won't lose any sleep over it if they cancel it but it seems counterintuitive to let them make money off of me. And just like they will lose one consumer they will lose more (or at least they should)