Discover CLI question

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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toople
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Discover CLI question

Postby toople » Mon Jan 19, 2015 8:04 pm

I've been with Discover for over a year now, and haven't gotten an automatic CLI (current limit is $500) . I called them today and said that I somewhat recently got a Chase CC with a $2,000 limit and my income has increased, but they said that I would need to approve a hard pull before they would give me one.

I've never had a late payment, and always pay in full each month. I also put about $300/month of purchases through the card, and pay it off early to lower utilization.

Am I doing anything wrong, or do I just need to keep waiting?


ncosky290
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Postby ncosky290 » Mon Jan 19, 2015 8:39 pm

my initial limit with them was 2000. I then 6 months later did the HP and got it to 5000. A year passed... I didn't use the card and then got a auto limit increase of 5500 via email. It just all depends on them. They have no real policy...
-AMERICAN EXPRESS DELTA GOLD SKYMILES - AMERICAN EXPRESS EVERYDAY -AMERICAN EXPRESS PLATINUM - CITI DOUBLE CASH - CITI PLATINUM AADVANTAGE - CITI THANK YOU PREFERRED - BARCLAYCARD ARRIVAL PLUS - DISCOVER IT - CHASE SAPPHIRE PREFERRED-

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PlyrStar93
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Postby PlyrStar93 » Mon Jan 19, 2015 8:52 pm

There is nothing you did wrong; it's all about their underwriting style.

I can have an Amex with 8k limit before Discover, and a Chase card with 7k limit after Discover, but Discover only gave me 2k limit and never allows me to request a CLI online. When applying through chat or phone, it goes to straight denial. They are well known for being such conservative, and there is nothing much you can do except for moving on.

I'd advise you to keep waiting, and/or consider other lenders like Amex who are known to give limits more comfortable to you. However, there are many rumors about how Discover provides automatic CLI. I'll just list them here, but don't treat these very seriously. You want to use a card a normal way, not with these so-called tricks. Furthermore, many people who have done these still get no luck with any CLI.
  • Keep sockdrawering the card and you may receive a tiny auto CLI.
  • Carry a balance and you may receive an auto CLI.
  • Swipe the card a lot, do a large number of transactions, and see an auto CLI.
  • Charge it up to near the limit, wait for statement to cut, pay it off, and get an auto CLI.
  • Use the automatic customer service phone and request a CLI, get denied, when it says transferring to a representative/analyst, hang up; later you will see a small CLI.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
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notcool
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Postby notcool » Mon Jan 19, 2015 10:16 pm

toople wrote:
I've never had a late payment, and always pay in full each month. I also put about $300/month of purchases through the card, and pay it off early to lower utilization.

Am I doing anything wrong, or do I just need to keep waiting?


You are doing fine. If you want a cli you may need to cal and request one. It may not come automatically. If you have used discover for a year responsibly and now have a higher income then you may have a chance at a cli if you ask. You may have to take a hard credit pull.

If you want a bigger limit and are willing to take a credit pull, just call and ask! Better than waiting for an auto cli that may never come! Of course be sure your credit is in order before requesting the increase!!!

Fwiw chase seems to always require a hard pull when increasing credit; discover sometimes is hard and sometimes soft. Each issuer is a bit different. Both discover and freedom are good cards to have!

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Vattené
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Postby Vattené » Tue Jan 20, 2015 2:31 pm

I agree and would just call them and see what they will do if I were you. Your chances are better requesting one than waiting around and hoping they do it automatically. If it's not worth a HP, you can just see if they will give you anything without one. Anecdotal evidence doesn't amount to much with credit cards (particularly with Discover as they seem to treat some people wonderfully and others like they could take or leave them), but I have had good luck on increases with them.

I opened my account last February at $4,200, got a CLI to $6,500 in July, was declined a CLI around October, and got another CLI to $9,000 in December (all with no HPs).

In any case all you can really do is manage your account responsibly and hope they reward you in return. Good luck!
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

ingramjuan
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Postby ingramjuan » Tue Jan 20, 2015 10:16 pm

I have the same issue with one of my Capital One cards. For some odd reason the oldest Capital One card (13 years) has never seen an increase, but my other 2 cards and my Amex card has been increased several times without me asking for one over the last several years. When I called capital one, they informed me that I can request a CL increase from them (Hard Pull), not worth the hard pull also.

My suggestion is just hold out, looks like everything you are doing is ok so far.
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

takeshi
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Postby takeshi » Wed Jan 21, 2015 8:33 am

toople wrote:I've never had a late payment, and always pay in full each month. I also put about $300/month of purchases through the card, and pay it off early to lower utilization.

Am I doing anything wrong, or do I just need to keep waiting?

What you've stated helps but it doesn't guarantee an autoCLI, regardless of creditor.

toople wrote:they said that I would need to approve a hard pull before they would give me one.

So is pursuing the CLI or avoiding the hard pull the bigger priority for you?

ingramjuan
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Postby ingramjuan » Wed Jan 21, 2015 10:27 pm

Avoiding a hard pull is more important to me at this time. All my other cards credit lines are triple than my first card I received. At the end of the day I want close that account due to the length of time I had the card.
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

toople
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Postby toople » Tue Jan 27, 2015 11:42 am

Just an update: I ended up not wanting to keep waiting, so I requested a HP and got a new limit of $1,250, up from my previous of $500!

notcool
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Postby notcool » Tue Jan 27, 2015 2:53 pm

Glad it worked out for you. Now you at least have the higher limit instead of having to hope for an auto CLI!



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