wrote:Hey hey!
im not someone who likes to pay interest so for my 4 year relationship with Discover I would let a balance report (not carry) and then pay it off before paying interest. You're absolutely right in that's what Discover wants from this article and they aren't a lender worth paying interest for since they are conservative and their CLIs aren't the largest of the bigger lenders. Still love their customer service.
The main point I was trying to make is that all of my CLIs across 4 years I have only received when I paid my account down to $0 and refused to use the card for at least 2-3 months + never hit the CLI button. Only then is when Discover would send a auto CLI my way which felt like they were trying to get my attention
wrote:
wrote:This is super helpful!! Thanks for sharing.
What's crazy is I can never get a CLI with Discover when I am carrying a balance, no matter how big or small. However, when I have a $0 balance with Discover for a couple of months I get a random auto CLI that screams "Hey, hey you, don't forget about us over here."
Issuers can be so annoying. I decided at the beginning of this year to give all my business to the lenders that act like they appreciate my business (in my case Chase) instead of the ones who act like my years of loyalty with them or my business doesn't matter (looking at you Discover).
Hey Jude. In your post you contrast carrying a balance with having a $0 balance. Is it possible that you are talking about reporting a balance?
You can report a positive balance every month without carrying a balance. Carrying means to report a positive balance on the statement but then not pay all of it. (Like a statement balance of $100, which you then pay $30, carrying $70 over to the next month, paying interest on it.)
Did you pay interest for a number of months in a row? If I am reading the article right, that's what Discover's execs want.
Wow that is fascinating. Maybe that's what I've got to do... play hard to get.
I say no thanks to Discover as well. No ongoing balances for me, and if they like that, well, all the more reason to not sign up to begin with.
January 2023: 850 (Equifax FICO 9)
@SouthJamaica wrote:
wrote:Hey hey!
im not someone who likes to pay interest so for my 4 year relationship with Discover I would let a balance report (not carry) and then pay it off before paying interest. You're absolutely right in that's what Discover wants from this article and they aren't a lender worth paying interest for since they are conservative and their CLIs aren't the largest of the bigger lenders. Still love their customer service.
The main point I was trying to make is that all of my CLIs across 4 years I have only received when I paid my account down to $0 and refused to use the card for at least 2-3 months + never hit the CLI button. Only then is when Discover would send a auto CLI my way which felt like they were trying to get my attention
wrote:
wrote:This is super helpful!! Thanks for sharing.
What's crazy is I can never get a CLI with Discover when I am carrying a balance, no matter how big or small. However, when I have a $0 balance with Discover for a couple of months I get a random auto CLI that screams "Hey, hey you, don't forget about us over here."
Issuers can be so annoying. I decided at the beginning of this year to give all my business to the lenders that act like they appreciate my business (in my case Chase) instead of the ones who act like my years of loyalty with them or my business doesn't matter (looking at you Discover).
Hey Jude. In your post you contrast carrying a balance with having a $0 balance. Is it possible that you are talking about reporting a balance?
You can report a positive balance every month without carrying a balance. Carrying means to report a positive balance on the statement but then not pay all of it. (Like a statement balance of $100, which you then pay $30, carrying $70 over to the next month, paying interest on it.)
Did you pay interest for a number of months in a row? If I am reading the article right, that's what Discover's execs want.
Wow that is fascinating. Maybe that's what I've got to do... play hard to get.
FWIW I've been a lifelong transactor and Disco gave me an lol SL of $2500. I used their card until I maxed out the $1500 cap in the 5% category then SD'd It, and double dipped an $1100 CLI after 4 months. I never even let a balance report since I PTZ before the statement cut. So it seems for my profile at least they just like seeing usage on their card, even if it's only in the 5% category.
So right now I am a little transactor and a little revolver. I am only revolving on Discover 0% until 4/19 and Amex Bce 0% until 6/19. I will have both paid off before the 0% expires.
I am still in a rebuild, at the time I got my Discover I had 2 cap one cards $500 CL and $3300 CL. I went on a mini-spree got 4 new cards including Discover. Discover gave me the highest SL of $11.5 K on the new cards. So I'm happy with Discover. Once my 0% is gone I will be using it for the 5% catagories.
Just because Discover's business model is for revolvers does not mean they "hate" transactors.
