eapa507 wrote:I have had my Discover card for almost 5 months. I started out with $5,000 and after 3 months I got an auto increase to $8,500. I use this card almost exclusively right now since it has double rewards for the first year. I sometimes have between $5,000-6,000 on it when the statement cuts, but I have it set up on auto pay so it is PIF every month. I have other cards with higher limits $12,000 -$20,000, So I would agree that Duscover seems a little stingy. I would like a CLI to $10,000, but I don't really want a HP. When you request an increase do they always do a HP?
Discover's Policy on CL increase requests:
Discover told me as of last night that their standard response to somebody asking for a credit line increase is to evaluate already known details about the account and evaluate if you are approved for more credit, then if you don't get approved this way, you can request a hard hit credit check to get more credit, and you can request a non-hard hit credit increase at anytime and there is not limit on when or how often you can request this. And I have spoken to 2 representatives in the last month who have detailed this policy to me so this is their current steps for giving credit increases by request (other than general automatic increases you may get over time).
So in other words you can call Discover at any time (with no limit on how often you do this or when) and request a credit increase WITHOUT a hard pull. If you don't get approved that way then you may request a hard pull evaluation, but they would ask you if that's the next step you want to take. I requested a credit increase a few weeks ago without doing the hard pull and was approved for about $5,000 additional increase, making my total credit line on that card a little over $13,000 total. They asked if i wanted to do a hard pull for more and I declined. Then, last night I called and tried again without the hard hit, and they didn't approve anymore. They asked if i wanted to do a hard pull, and i declined. lol asking twice in a month seems like it might look a little obsessive to me, so I'm going to start waiting a little over 6 months between call-in requests to prevent looking too "credit desperate".
So with my personal experience, even though you could technically request a CL increase everyday with Discover, that would most likely be overkill and you most likely wouldn't get approved. What I have started doing with Discover is giving at least 6 months in-between my call-in CL increase requests and also being patient for potential automatic CL increases (which i have received in the past).