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I don't understand why?

Valued Contributor

I don't understand why?

Hello all and Happy Thanksgiving,

Now that Discover is offering your TU credit score, why is it that they have to do HP's for CLI's? How can they update your score and not be able to use that same info for a CLI? I can see if it's a FAKO like AmEx's Credit Secure, but this is supposedly an actual TU FICO. Thank you for your replies and help, as always.

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Message 1 of 8
7 REPLIES
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Frequent Contributor

Re: I don't understand why?

I think a big part of the reason they do it is because it serves as a notification that you are actively seeking credit.  This serves as a flag to other credit companies, and they all benefit from this.

TU: 771 (7/17/17) | EQ: 787 (7/17/17) | EX: 792 (7/17/17)

Cap1 Quicksilver, $4,750 (4/2012); Discover IT, $34,000 (10/2012); Chase Amazon Rewards, $14,600 (10/2012); AMEX Hilton HHonors, $15,000 (11/2012); AMEX Blue Cash Everyday, $15,000 (01/2013); Barclaycard Arrival+, $10,000 (07/2013)
Message 2 of 8
Super Contributor

Re: I don't understand why?

You can ask for a SP CLI with Discover every 3 months policy has changed

I haven't waiting to see what they do 

But call and ask do you have any offer for SP CLI's

Good luck

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 3 of 8
Valued Contributor

Re: I don't understand why?


isoldmyatlas wrote:

I think a big part of the reason they do it is because it serves as a notification that you are actively seeking credit.  This serves as a flag to other credit companies, and they all benefit from this.


Ah yes...that makes sense. I didn't think of that, thanks.

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Message 4 of 8
Valued Contributor

Re: I don't understand why?


myjourney wrote:

You can ask for a SP CLI with Discover every 3 months policy has changed

I haven't waiting to see what they do 

But call and ask do you have any offer for SP CLI's

Good luck


Hey Journey,

Yes...I've been calling in for a SP CLI since August and they always say it will be a HP. They also say my account is "on the list" for review. For some reason, I don't believe that mularkey...lol.

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Message 5 of 8
Super Contributor

Re: I don't understand why?


indiolatino61 wrote:

myjourney wrote:

You can ask for a SP CLI with Discover every 3 months policy has changed

I haven't waiting to see what they do 

But call and ask do you have any offer for SP CLI's

Good luck


Hey Journey,

Yes...I've been calling in for a SP CLI since August and they always say it will be a HP. They also say my account is "on the list" for review. For some reason, I don't believe that mularkey...lol.


Smiley LOLSmiley LOL

In most cases if they ask for an HP its because of the amount of the request 

How much are you asking for if you don't mind me asking?

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 6 of 8
Senior Contributor

Re: I don't understand why?

Every time I've called Discover and asked for a small increase for a SP, they always say it has to be a HP.

 

So far, I've always managed to get a small increase ($1000, then $2000) from the HP's, but no matter how many times I ask if there is any way to get any increase without a HP, they are firm about it.

 

My Discover is at $5000 now, so no complaints. But getting a customer requested SP CLI from Discover isn't easy.





TU-8: 755 EX-8: 771 EQ-8: 763    EX-8 Bankcard: 815    
TU-9 Bankcard: 795 EQ-9: 822
   EX-98: 735 EQ-04: 730
Total $437,800
Message 7 of 8
Valued Contributor

Re: I don't understand why?


myjourney wrote:

indiolatino61 wrote:

myjourney wrote:

You can ask for a SP CLI with Discover every 3 months policy has changed

I haven't waiting to see what they do 

But call and ask do you have any offer for SP CLI's

Good luck


Hey Journey,

Yes...I've been calling in for a SP CLI since August and they always say it will be a HP. They also say my account is "on the list" for review. For some reason, I don't believe that mularkey...lol.


Smiley LOLSmiley LOL

In most cases if they ask for an HP its because of the amount of the request 

How much are you asking for if you don't mind me asking?


That's just it...I can see if I were asking to get a $10K jump or something major like that, but I asked to go from $1.7k to only $3K. A HP for that minimal amount would be tragic...lol!

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Message 8 of 8