I have another data point for the CLIs

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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MemberSince99
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I have another data point for the CLIs

Postby MemberSince99 » Thu Jun 25, 2015 11:00 am

I just went to try the 16 day CLI which has been working so well, and it's "under review", which is a change.

So this is another data point that indicates that the party may be over in regards to this.

Well, you had to know it was going to be over at some point. I just wish I would have made it to 10k first. But oh well.

And if I have to take a hard pull, the answer is no. I just don't want another pull for a maybe 500 to 1k increase, it's not worth it to me, personally. Now if we were talking a 5k increase potentially, that would be different. But 500 bucks, forget it. So I'll just wait and hopefully they auto CLI at some point.


takeshi
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Re: I have another data point for the CLIs

Postby takeshi » Fri Jun 26, 2015 8:59 am

...all depends on what you qualify for.

My it was opened with a $5K CL. After 3 months I requested a doubling with hard pull. They countered just $500 shy and then shortly after issued a $500 auto CLI.

I originally wasn't going to join in on the 16 day bandwagon that seems to have already left now but caved in a while ago. Oddly they denied it and immediately auto CLI'ed for $2.5K.

MemberSince99
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Re: I have another data point for the CLIs

Postby MemberSince99 » Fri Jun 26, 2015 12:49 pm

They really do seem to have a different way of determining limits and CLIs at Discover.

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lobbythis
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Re: I have another data point for the CLIs

Postby lobbythis » Fri Jun 26, 2015 8:59 pm

Problem is, Discover CLI's are so small that you need a CLI every 16 days to actually get to a real limit and not a toy.

MemberSince99
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Re: I have another data point for the CLIs

Postby MemberSince99 » Sat Jun 27, 2015 6:23 am

Yeah, I know. I like a lot of things about Discover, but not the stinginess with limits.

kdm31091
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Re: I have another data point for the CLIs

Postby kdm31091 » Tue Jun 30, 2015 8:08 pm

MemberSince99 wrote:Yeah, I know. I like a lot of things about Discover, but not the stinginess with limits.


I know a lot of people had the "toy limit" problem with them but I didn't. They were my first real card and always used heavily, so that's probably why. They like heavy usage (just like any lender, obviously they want you to use the card).

I knew the 16 day thing wasn't going to last, so I'm not the least bit surprised it's over.

It grew from 2k to 16k in 3 years, and is my biggest limit and lowest APR at this point. So I get that this doesn't apply to everyone, but I think some of the people with toy limits just aren't showing them enough usage history to get the CLIs.

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lobbythis
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Re: I have another data point for the CLIs

Postby lobbythis » Tue Jun 30, 2015 10:53 pm

kdm31091 wrote:
MemberSince99 wrote:
It grew from 2k to 16k in 3 years, and is my biggest limit and lowest APR at this point. So I get that this doesn't apply to everyone, but I think some of the people with toy limits just aren't showing them enough usage history to get the CLIs.



I think that seems kind of normal. 3 years is a long time, especially if that card was your daily driver.

MemberSince99
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Re: I have another data point for the CLIs

Postby MemberSince99 » Wed Jul 01, 2015 8:38 am

kdm31091 wrote:
MemberSince99 wrote:Yeah, I know. I like a lot of things about Discover, but not the stinginess with limits.


I know a lot of people had the "toy limit" problem with them but I didn't. They were my first real card and always used heavily, so that's probably why. They like heavy usage (just like any lender, obviously they want you to use the card).

I knew the 16 day thing wasn't going to last, so I'm not the least bit surprised it's over.

It grew from 2k to 16k in 3 years, and is my biggest limit and lowest APR at this point. So I get that this doesn't apply to everyone, but I think some of the people with toy limits just aren't showing them enough usage history to get the CLIs.



That may well be true. In my case, I *was* giving them heavy use, was being the keyword. Going forward, Citi is going to get the bulk of it. If they ever give me another CLI, great, but I wouldn't expect to see one and I'm not going to give them swipes just to see if maybe someday I might possibly years down the road see some more "luv" from them. Hell if I want to play that game I can buy a lottery ticket and there is also a very small chance it will pay off.

My philosophy now is, I don't care what they think. If they don't want to lend to me, then don't. No skin off any of my body parts. They are doing me no favor by making money off whatever I buy - it's not about favors it's about money and business. I'll use whoever I feel is in my interest to use and who I feel has best suited my needs and desires. I know some people here will scream how feeling that way is pretty much as bad as if you put people in death camps, but you know it's called the "free market", guys. They are free to do business with me or not, and I have the same freedom. And they still have to earn my business, even after I earn their desire to have my business.



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