CLI Strategy

For just about anything you want to get off your chest about credit cards.
8 posts
HookEmHorns
Centurion Member
Centurion Member
 
Posts: 103
Joined: Thu Mar 28, 2013 10:03 pm
Location: Dallas/Austin

CLI Strategy

Postby HookEmHorns » Fri May 31, 2013 1:42 pm

Next summer I'm doing a study abroad program in either England(I would be in and out of Leeds, Manchester and London), or Ghana, Africa.

I currently have a Discover with a $1,300 limit, and a Chase Freedom with a $2,000 limit.

So, within the next year I need these limits to increase as much as possible, as I will be out of the country for a little over a month next summer.

Second, my long term goal is to get a CSP, although I know I wouldn't be approved for that for a while, considering my low income and low limits on my current cards.

So, how do I go about getting increases on these cards before next summer, if at all possible? Like, when should I apply for the CLI? What usually works when applying for a CLI, and what doesn't? Strategy for recon, if they say no initially? I'm a full time student and I make roughly $10K a year.

FYI, Discover gave me an auto CLI of $300 after 3 months of membership. And, according to the acceptance package from Chase, my current score is 714.

I've had the Discover since December 2012, and I got the AMEX and Freedom this month, May 2013.

Sorry for the novel.

Thanks for your help in advance. I've learned a lot since becoming a member of this site.
AMEX PRG~1/14--backdated to 2012
AMEX BCE~6/13--backdated to 2012
Chase Freedom~5/13
Discover IT ~12/12

:cool:


MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri May 31, 2013 1:49 pm

A Chase CSR told me you can ask for a CLI at any time. The vast majority of the time when you do that, it's a hard pull. Probably too soon to ask for a CLI on that, I'd give it 6 months.

Discover clearly likes you if you got an auto-cli. I have heard they like when you carry a balance, though for sure keep it a reasonable level. After 6 months y ou can request a CLI from them. That means you are about due.

I can't help you with much beyond that honestly. All CLIs I've gotten have been auto. I do not ask for them. Not saying I never would or will just that I haven't. It totally depends on the lender. Generally heavy use and PIF is hard to go wrong with but my guess is Discover prefers you carry some balance.

HookEmHorns
Centurion Member
Centurion Member
 
Posts: 103
Joined: Thu Mar 28, 2013 10:03 pm
Location: Dallas/Austin

Postby HookEmHorns » Fri May 31, 2013 2:02 pm

Thanks for the input, 99. Knowing my history, how much do you think I should request from Discover? Would requesting $4,000 be too much after just 6 months?
AMEX PRG~1/14--backdated to 2012
AMEX BCE~6/13--backdated to 2012
Chase Freedom~5/13
Discover IT ~12/12

:cool:

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri May 31, 2013 3:26 pm

You can request it, and they can counter you if they can't do that, or require a hard pull for it and you can decide if you want to do that. So I say for sure request it - they won't close your account or something just because you requested a 4k limit the WORST they will do is say no. But given you got an auto cli you must be in pretty good shape in their eyes.

rockyrock
Centurion Member
Centurion Member
 
Posts: 895
Joined: Thu Mar 21, 2013 6:06 am
Location: Ventura, CA

Postby rockyrock » Sat Jun 01, 2013 5:28 am

One thing to consider: I live in Africa right now and have been to the UK several times; Discover isn't widely accepted in either. You'll probably do okay at large US based hotels and some department stores but not much beyond that. You will get the most mileage from your Freedom and do okay with Amex--in the UK, Africa is pretty much Visa and sometime MC.

Good luck!
Sapphire Reserve: travel & dining
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

User avatar
Z06Biker
Centurion Member
Centurion Member
 
Posts: 464
Joined: Fri Apr 12, 2013 5:39 pm
Location: Los Angeles

Postby Z06Biker » Sat Jun 01, 2013 2:06 pm

I thought that with Discover's purchase of Diner's Club, they therefore inherited DC's Mastercard network which meant all Discovers can now be used at any Mastercard-accepted merchant worldswide (read: everywhere)?
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

flan
Centurion Member
Centurion Member
 
Posts: 389
Joined: Tue Apr 09, 2013 10:16 pm
Location: chicago

Postby flan » Sun Jun 02, 2013 9:58 am

Z06Biker wrote:I thought that with Discover's purchase of Diner's Club, they therefore inherited DC's Mastercard network which meant all Discovers can now be used at any Mastercard-accepted merchant worldswide (read: everywhere)?


No. You can use a US issued Discover Card at foreign locations that take Diner's club; in Japan and China, there are different acceptance marks to look for.

US issued cards are different from Diner's in the rest of the world. They're really mastercards, at least in the US. (I have no idea about foreign acceptance.)

Also, the Discover website is out of date with a list of countries that you can use the card at. I was just in Serbia, Croatia, and Montenegro, and was able to use the card there; none of which are listed at discover.com. (Phone reps knew I could, though.) Acceptance wasn't great, but hotels, chain gas stations, and Europcar all took it. Croatian acceptance seemed highest, but I was only in very,very tourist centered Dubrovnik there, which might have been a factor. It might also be that Discover hooked up with the right bank; I saw several places that had Visa, MC and Diner's acceptance stickers, but not an amex one (and at least one of the places really didn't take amex; I asked.) I had to point to the diner's logo on the back of the card a couple of times.

User avatar
Z06Biker
Centurion Member
Centurion Member
 
Posts: 464
Joined: Fri Apr 12, 2013 5:39 pm
Location: Los Angeles

Postby Z06Biker » Sun Jun 02, 2013 12:20 pm

Interesting... Good to know. Thanks for the 411, flan.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 3 guests