Discover It card / Free credit score

castlefox · ‎03-14-2014

Hello,

I am thinking about getting the Discover It basically because I heard you can get your FICO score for free. Do you get your FICO score for all 3 credit reporting agencys? How often does your score get updated ?

I have good credit and high enough limits right now so I would be shocked if I didnt get approved. I have a couple VISA credit cards and one AMEX so Im also thinking that having a Discover would be good.

Does Discover It have an EMV version?

Thanks for your help !

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797

GetTheFico · ‎03-14-2014

@castlefox wrote:
Hello,

I am thinking about getting the Discover It basically because I heard you can get your FICO score for free. Do you get your FICO score for all 3 credit reporting agencys? How often does your score get updated ?

I have good credit and high enough limits right now so I would be shocked if I didnt get approved. I have a couple VISA credit cards and one AMEX so Im also thinking that having a Discover would be good.

Does Discover It have an EMV version?

Thanks for your help !

You'll only get a FICO score for TU, the TU08 version I believe.

As far as I know, they do not offer an EMV version.

EQ: 780
EX: 767
TU: 779

BrokaToe · ‎03-14-2014

@castlefox wrote:
Hello,

I am thinking about getting the Discover It basically because I heard you can get your FICO score for free. Do you get your FICO score for all 3 credit reporting agencys? How often does your score get updated ?

Discover It gives you the TU08 score that is updated every month with your statement.

I have good credit and high enough limits right now so I would be shocked if I didnt get approved. I have a couple VISA credit cards and one AMEX so Im also thinking that having a Discover would be good.

Does Discover It have an EMV version?

As far as I know, I haven't heard of an EMV version of the Discover It card, but others may know something I don't.

Thanks for your help !

A

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BrokaToe · ‎03-14-2014

@GetTheFico wrote:
@castlefox wrote:
Hello,

I am thinking about getting the Discover It basically because I heard you can get your FICO score for free. Do you get your FICO score for all 3 credit reporting agencys? How often does your score get updated ?

I have good credit and high enough limits right now so I would be shocked if I didnt get approved. I have a couple VISA credit cards and one AMEX so Im also thinking that having a Discover would be good.

Does Discover It have an EMV version?

Thanks for your help !
You'll only get a FICO score for TU, the TU08 version I believe.

As far as I know, they do not offer an EMV version.

hah, we nailed it at the same time

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castlefox · ‎03-14-2014

So... is the TU08 version accurate or are they using a new model and the TU08 is some ancient forumla?

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797

coldnmn · ‎03-14-2014

@castlefox wrote:
So... is the TU08 version accurate or are they using a new model and the TU08 is some ancient forumla?

TU08 is a newer model that more lenders are starting to use. I believe most lenders use TU04.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17

Revelate · ‎03-14-2014

@coldnmn wrote:
@castlefox wrote:
So... is the TU08 version accurate or are they using a new model and the TU08 is some ancient forumla?
TU08 is a newer model that more lenders are starting to use. I believe most lenders use TU04.

For credit cards '08 is where it's at anecdotally, though likely half use a bankcard-enhanced industry option but the '08 score will be closer for the vast majority of people I suspect. Mortgages are still '04, might change after Fannie/Freddie apparently get whacked if other organizations will be portfolioing mortgages which may have different underwriting criteria.

VirtualCuriosity · ‎03-14-2014

@castlefox wrote:
Hello,

I am thinking about getting the Discover It basically because I heard you can get your FICO score for free. Do you get your FICO score for all 3 credit reporting agencys? How often does your score get updated ?

I have good credit and high enough limits right now so I would be shocked if I didnt get approved. I have a couple VISA credit cards and one AMEX so Im also thinking that having a Discover would be good.

Does Discover It have an EMV version?

Thanks for your help !

Don't get IT because of a free score. I love my IT because of the rotating rewards categories and it's a decent card. IF you are only looking for a card with a free score, don't fret because I believe soon most cards are going to offer a monthly score. Discover just started not too long ago, along with many others.

TU713, EQ 731 , EX 726 (As of 12/13/14) - Personal Goal = 760

“Beware of little expenses. A small leak will sink a great ship” – Benjamin Franklin

Gardening since 3-26-15

NikoD · ‎03-14-2014

I hear Barclaycards have it too. I don't have a Barclaycard so I don't know for sure how often they update the scores. I believe theirs is TU 08 also?

Revelate · ‎03-15-2014

@NikoD wrote:
I hear Barclaycards have it too. I don't have a Barclaycard so I don't know for sure how often they update the scores. I believe theirs is TU 08 also?

Yup, TU '08.