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Discover Denial Score

Contributor

Re: Discover Denial Score

From what I understand, myFICO scores are supposed to be helpful when you get a loan for a car or a house. CCCs use all kinds of weird scoring methods. When Chase mailed me my card they said they used their own proprietary scoring system. So for CCs I would take myFICO scores as a general guideline, but more accurate in general compared to FAKO scores.

Barclaycard Apple Financing (2100), Discover More (2500), US Bank Visa Platinum (2000), CFNA (2200), Chase Freedom (500), Capital One (1500), HSBC Platinum Master Card (750), Nebraska Furniture Mart (1000)
Message 11 of 20
Frequent Contributor

Re: Discover Denial Score


spengbab wrote:

From what I understand, myFICO scores are supposed to be helpful when you get a loan for a car or a house. CCCs use all kinds of weird scoring methods. When Chase mailed me my card they said they used their own proprietary scoring system. So for CCs I would take myFICO scores as a general guideline, but more accurate in general compared to FAKO scores.



+1,000%

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My favorite card right now: Fidelity Investment Rewards Visa Signature
Message 12 of 20
Valued Contributor

Re: Discover Denial Score

That's incorrect. Discover does not use EQ FICO Beacon 5! The ones sold here are Beacon 5s. They use a different EQ FICO but I'm not sure which one. I called to ask when they sent me my approval letter because my EQ Beacon 5 FICO was 729 but the EQ FICO they sent was 680s. They wouldnt tell me which version they use. There has been threads about this that you can search
AMEX: $25,000, CSP: $10,000, Chase Priority Club: $1,500, Freedom: $6000, Discover: $21,000

EQ FICO - 753
TU FICO - 755
EX FICO(AMEX) - 766
Message 13 of 20
Contributor

Re: Discover Denial Score

The letter definitely tells you what scoring they used. It definitely said Beacon something....

Barclaycard Apple Financing (2100), Discover More (2500), US Bank Visa Platinum (2000), CFNA (2200), Chase Freedom (500), Capital One (1500), HSBC Platinum Master Card (750), Nebraska Furniture Mart (1000)
Message 14 of 20
Frequent Contributor

Re: Discover Denial Score

I just got my letter from Discover. It does list an EQ score different from the myFICO EQ score for me as well. Do they send one to everybody? I thought CCC only sent it when you didn't get the best terms. (I didnt?) It doesn't list details other than you were approved and here is your score and a bar chart for reference.

PenFed Platinum Cash Rewards (19.5k), American Express Blue Cash Preferred (18k), Chase Sapphire Preferred (14k), Discover More (10k)
Message 15 of 20
Established Contributor

Re: Discover Denial Score

Yah, I've read the letter back to front, front to back, it definitely doesn't say which EQ FICO they use, it just says Type of Credit Score used was FICO, and that they acquired it from Equifax


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Message 16 of 20
Valued Contributor

Re: Discover Denial Score

Does the leter indicate the scre range? If the high end of the score is 950  it is the enhanced Beacon 5.0 most likley the bankcard model.

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015
Message 17 of 20
Frequent Contributor

Re: Discover Denial Score


AndySoCal wrote:

Does the leter indicate the scre range? If the high end of the score is 950  it is the enhanced Beacon 5.0 most likley the bankcard model.


Mine says 300-850. There's nothing to indicate what type of EQ score it is.

PenFed Platinum Cash Rewards (19.5k), American Express Blue Cash Preferred (18k), Chase Sapphire Preferred (14k), Discover More (10k)
Message 18 of 20
Established Contributor

Re: Discover Denial Score

The score range shown on mine says 300 to 850


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Message 19 of 20
Highlighted
Regular Contributor

Re: Discover Denial Score

Any one come across a definitive answer to exactly what EQ scoring model Discover uses?
Message 20 of 20