I just read through all 150 posts in this thread and somehow new from the original post he would make it. Congratulations to you! You should be proud of yourself! I love reading stories like this!
Question about Discover CLI/BT strategy:
My discover card is currently under 50%. The balance transfer intro rate is expiring soon.
Two weeks before it expires, I'm planning to transfer the Discover balance over to another card which has 0 BT fees.
And then use the *new* discover BT offer to transfer from the other card back to Discover.
(I did this before and it worked great.)
1. The current "new" Discover offer is not great - only 10 months, probably the shortest they've ever offered.
Every other time I've let it expire, they've offered me a new one immediately.
But this time, when I'm actually planning to use it (so I can get 0% without opening a new card), it's only 10 months instead of 12 or 15.
My sense is to just take the 10 months, instead of letting it expire and then maybe not getting a new offer and having to scramble to move the balance elsewhere. On track?
2. It occured to me that I could ask for a CLI from Discover and then have more space to use to transfer other balances to this card also.
Should I ask for the CLI increase *while* the Discover card has a balance?
or after I transfer the Discover card balance and it has 0% utilization?
As always I look forward to your wisdom and insight here 
Also celebrating that these are much more fun questions than when I started this thread!!!!
@tcbofade @K-in-Boston @FinStar @SouthJamaica @bizcredit11 @M_Smart007
@Expansion wrote:Question about Discover CLI/BT strategy:
My discover card is currently under 50%. The balance transfer intro rate is expiring soon.
Two weeks before it expires, I'm planning to transfer the Discover balance over to another card which has 0 BT fees.
And then use the *new* discover BT offer to transfer from the other card back to Discover.
(I did this before and it worked great.)
1. The current "new" Discover offer is not great - only 10 months, probably the shortest they've ever offered.
Every other time I've let it expire, they've offered me a new one immediately.
But this time, when I'm actually planning to use it (so I can get 0% without opening a new card), it's only 10 months instead of 12 or 15.
My sense is to just take the 10 months, instead of letting it expire and then maybe not getting a new offer and having to scramble to move the balance elsewhere. On track?
2. It occured to me that I could ask for a CLI from Discover and then have more space to use to transfer other balances to this card also.
Should I ask for the CLI increase *while* the Discover card has a balance?
or after I transfer the Discover card balance and it has 0% utilization?
As always I look forward to your wisdom and insight here
Also celebrating that these are much more fun questions than when I started this thread!!!!
@tcbofade @K-in-Boston @FinStar @SouthJamaica @bizcredit11 @M_Smart007
I'm ok with your doing a no-fee balance transfer to pay off the Discover balance, since the jig is up in 2 weeks anyway, but I don't think you should then take out a new Discover CLI -- and pay a new balance transfer fee -- to move it back.
I don't know the exact answer, or the exact timing of your statement... but if it is an option, I would pay the card off, let a statement cut with a zero balance, and then request a CLI.
...once CLI is approved or denied, then proceed with the next balance transfer.
Good luck!
Edit: I believe Discover will approve or deny a CLI request when you do have a balance and they will approve or deny when you do not have a balance.... I don't believe that a balance has any bearing on their CLI decision.
Going off my own personal experience I've never gotten an increase from Discover while having a $0 balance. I did a balance transfer in January and have since gotten 3 increases
in the last 72 days ($3000 each time/$9000 total since January). So I say it's probably better to ask while you still have a balance.
@SouthJamaica wrote:
@Expansion wrote:Question about Discover CLI/BT strategy:
My discover card is currently under 50%. The balance transfer intro rate is expiring soon.
Two weeks before it expires, I'm planning to transfer the Discover balance over to another card which has 0 BT fees.
And then use the *new* discover BT offer to transfer from the other card back to Discover.
(I did this before and it worked great.)
1. The current "new" Discover offer is not great - only 10 months, probably the shortest they've ever offered.
Every other time I've let it expire, they've offered me a new one immediately.
But this time, when I'm actually planning to use it (so I can get 0% without opening a new card), it's only 10 months instead of 12 or 15.
My sense is to just take the 10 months, instead of letting it expire and then maybe not getting a new offer and having to scramble to move the balance elsewhere. On track?
2. It occured to me that I could ask for a CLI from Discover and then have more space to use to transfer other balances to this card also.
Should I ask for the CLI increase *while* the Discover card has a balance?
or after I transfer the Discover card balance and it has 0% utilization?
As always I look forward to your wisdom and insight here
Also celebrating that these are much more fun questions than when I started this thread!!!!
@tcbofade @K-in-Boston @FinStar @SouthJamaica @bizcredit11 @M_Smart007
I'm ok with your doing a no-fee balance transfer to pay off the Discover balance, since the jig is up in 2 weeks anyway, but I don't think you should then take out a new Discover CLI -- and pay a new balance transfer fee -- to move it back.
Hello @SouthJamaica, I'm always glad to hear your thoughts!
Just to clarify, I have to move the balance either way. I can temporarily move it from Discover, to the card with no BT fees, but I don't have any cards that have no BT fees *and* a 0% BT offer. So the balance will be going back to Discover either way.
Just a question of if it's better to request the CLI from Discover before or after moving the balance temporarily off (which I have to do either way).
Also I figure since Discover keeps giving me 0% BT offers, I should be using them as much as I can, since it's a way to get 0% without having to apply for new cards, and has a $13.5k line, so room to actually get stuff done and stay under 47% utilization.
Thank you for watching out for me!