topic Re: Discover FICO in Credit Cards

Discover FICO

Anonymous — Wed, 24 Jun 2015 00:14:13 GMT

I am a new member of the Discover family and when I click the link in my account for my FICO score it says "We don't have a FICO score for you" and then some reasons why that might be but none of those reasons are "you're account is too new". My question is does it take a little while, like first statement, to generate a FICO or do I need to contact them to activate the feature. I have only had my card about a week. I can chat with them when I get home but figured you guys would be quicker.

Thanks

Re: Discover FICO

Anonymous — Wed, 24 Jun 2015 00:18:13 GMT

I got approved for my card on June 1st and the fico score showed up on the 14th.

Re: Discover FICO

gdale6 — Wed, 24 Jun 2015 00:21:41 GMT

Discover updates it on statement day, if you dont generate a statement with activity then it doesnt update.

Re: Discover FICO

GoldSorata — Wed, 24 Jun 2015 00:21:45 GMT

I got my card last year but I recall it taking a few weeks, maybe even until the first statement cut.

Re: Discover FICO

Anonymous — Wed, 24 Jun 2015 00:32:59 GMT

ok, thanks everyone...i figured as much but my barclay reported a fico immediately and didn't want to wait if I had to opt in or something

Re: Discover FICO

Ghoshida — Wed, 24 Jun 2015 00:38:48 GMT

@Anonymous wrote:
ok, thanks everyone...i figured as much but my barclay reported a fico immediately and didn't want to wait if I had to opt in or something

Barclays' one isn't tied to the statement generation. I don't even know what it's tied to. Anyway, it seems to update every 2 months, and I might be wrong, but it updates when you actually look at the score; similar to Cap One's FAKO. I mean, it won't update any faster than 2 months (or 30 days in case of Cap One), but if you don't check exactly on that day, it seems to take longer (i.e. refreshes when you check the next time). Also, it doesn't show up on your statement.

Discover's one is pretty streamlined. They seem to pull 6 days before your statement is supposed to be generated, and then show it if there's activity. They show it one day ahead of time online, and also on your statement document.

Re: Discover FICO

Anonymous — Wed, 24 Jun 2015 00:50:10 GMT

Good info, thanks

Re: Discover FICO

Ghoshida — Wed, 24 Jun 2015 01:02:45 GMT

@Anonymous wrote:
Good info, thanks

You're welcome

Re: Discover FICO

Closingracer99 — Wed, 24 Jun 2015 01:03:48 GMT

@gdale6 wrote:
Discover updates it on statement day, if you dont generate a statement with activity then it doesnt update.

I hadn't used mine for 2 months and it generated scores for me

Re: Discover FICO

Anonymous — Wed, 24 Jun 2015 01:05:04 GMT

I recently got the Discover IT card and can confirm the FICO score shows up after my 1st statement.

Re: Discover FICO

taxi818 — Wed, 24 Jun 2015 01:31:24 GMT

Mostly have statement with Discover. but barclays. they updated when ever there was a change. except in the last month. when my tu. jumped 50 points. not a word out of them.

Re: Discover FICO

Anonymous — Wed, 24 Jun 2015 01:54:13 GMT

@gdale6 wrote:
Discover updates it on statement day, if you dont generate a statement with activity then it doesnt update.

Is this accurate? I haven't used my Discover in a few months and still get an updated FICO (which has changed slightly) every month.

Re: Discover FICO

Anonymous — Wed, 24 Jun 2015 01:55:15 GMT

@Closingracer99 wrote:
@gdale6 wrote:
Discover updates it on statement day, if you dont generate a statement with activity then it doesnt update.
I hadn't used mine for 2 months and it generated scores for me

Same for me. Still getting an updated FICO every month from them.

Re: Discover FICO

gdale6 — Wed, 24 Jun 2015 02:17:29 GMT

@Anonymous wrote:
@gdale6 wrote:
Discover updates it on statement day, if you dont generate a statement with activity then it doesnt update.
Is this accurate? I haven't used my Discover in a few months and still get an updated FICO (which has changed slightly) every month.

Interesting, here is their info on it

How often will my FICO® Credit Score be available?

As an active cardmember, you may see your FICO® Credit Score on your monthly statement or online. Reasons why you may not see your FICO® Credit Score include: if you have a joint account; if you opt out; if you have key information that is mismatched or missing, as one example, an address change that has not been updated with Discover or TransUnion; if your credit history is too new; if your account status is abandoned, bankrupt, fraud, lost or stolen, closed, revoked, or charged off; if you have a foreign address; or if you have no account activity such as no purchase transactions, fees, interest, or payments for approximately 30 days.

Re: Discover FICO

Anonymous — Wed, 24 Jun 2015 02:20:49 GMT

@gdale6 wrote:
@Anonymous wrote:
@gdale6 wrote:
Discover updates it on statement day, if you dont generate a statement with activity then it doesnt update.
Is this accurate? I haven't used my Discover in a few months and still get an updated FICO (which has changed slightly) every month.
Interesting, here is their info on it

How often will my FICO® Credit Score be available?

As an active cardmember, you may see your FICO® Credit Score on your monthly statement or online. Reasons why you may not see your FICO® Credit Score include: if you have a joint account; if you opt out; if you have key information that is mismatched or missing, as one example, an address change that has not been updated with Discover or TransUnion; if your credit history is too new; if your account status is abandoned, bankrupt, fraud, lost or stolen, closed, revoked, or charged off; if you have a foreign address; or if you have no account activity such as no purchase transactions, fees, interest, or payments for approximately 30 days.

Interesting. Actually, last month I did have a purchase (and subsequent return) of an item. Maybe that's why it updated. I'll be sure to use it at least a little every month, because I do like getting my updated FICO. Thanks for sharing that.

Re: Discover FICO

hsspres — Wed, 24 Jun 2015 02:49:50 GMT

@Anonymous wrote:
I am a new member of the Discover family and when I click the link in my account for my FICO score it says "We don't have a FICO score for you" and then some reasons why that might be but none of those reasons are "you're account is too new". My question is does it take a little while, like first statement, to generate a FICO or do I need to contact them to activate the feature. I have only had my card about a week. I can chat with them when I get home but figured you guys would be quicker.

Thanks

I was approved for the card on the 9th of this month. Just logged into my account and my score was updated on the 17th. Try again tomorrow, score was available 8 days after opening for me.