topic Re: Discover FICO Score - When does it update? in Credit Cards

Discover FICO Score - When does it update?

masscredit — Mon, 28 Jan 2019 23:30:42 GMT

My TU score has increased over 40 points since the last time I requested a CLI from Discover so I've been waiting for that to update before my next request. Looking at my account, the score updates on the 21st of the month. They currently still show my Dec 21st TU score. I figured that would update after my statement closed Saturday. I can now view last month's statement but the FICO doesn't show January's score.

Re: Discover FICO Score - When does it update?

Anonymous — Mon, 28 Jan 2019 23:44:00 GMT

@masscredit wrote:
My TU score has increased over 40 points since the last time I requested a CLI from Discover so I've been waiting for that to update before my next request. Looking at my account, the score updates on the 21st of the month. They currently still show my Dec 21st TU score. I figured that would update after my statement closed Saturday. I can now view last month's statement but the FICO doesn't show January's score.

Disco isn’t always quick about posting the updated scores. Mine is dated 1/20/19 but they didn’t give it to me until Friday and they cut my statement this morning. I would imagine they already have it internally and it should show up any day for you.

Re: Discover FICO Score - When does it update?

ridgebackpilot — Mon, 28 Jan 2019 23:57:51 GMT

Discover normally does a SP of your credit every month or so. Your Discover FICO Credit Scorecard page will list the most recent date they pulled your TU score. The date can vary a bit but you'll ordinarily see it updated every month on the date listed on their website.

Re: Discover FICO Score - When does it update?

AverageJoesCredit — Tue, 29 Jan 2019 00:12:06 GMT

They can be slow at times but ime , the fico score doesnt really help decide whether you get cli or not. They have their magic ways and all we get to do is guess which Monkey throws the dart

Re: Discover FICO Score - When does it update?

CreditCuriosity — Tue, 29 Jan 2019 01:37:52 GMT

@AverageJoesCredit wrote:
They can be slow at times but ime , the fico score doesnt really help decide whether you get cli or not. They have their magic ways and all we get to do is guess which Monkey throws the dart

it certainly doesn't haven't gotten a CLI in over 5 months and i went from a 735 to a 800+ and notta, nothing, zilch. Maybe I should try a score reduction

Re: Discover FICO Score - When does it update?

Anonymous — Tue, 29 Jan 2019 03:09:48 GMT

I've gone has long as 10 months without a Discover CLI, so 5 months really isn't much when looking at a long enough time line. I will say that in between the dry spells I've done pretty well by Discover CLIs, so for those stuck in rough patches do know that it's possible for things to quickly turn around at some point not too far away.

Re: Discover FICO Score - When does it update?

masscredit — Tue, 29 Jan 2019 04:01:57 GMT

I've done pretty good with CLIs so far -

Approved for the account 1/31/17 - $6000.00

5/18/18 - $6500.00

8/4/18 - $7000.00

9/27/18 - $9700.00

Most of them weren't big increases but it was still progress. The next increase will put me over $10K. Hoping it goes to at least $12-$15K before the increases are less frequent.

Re: Discover FICO Score - When does it update?

EW800 — Tue, 29 Jan 2019 04:15:14 GMT

My Discovers TU Fico 8 score is always dated the 19th of the month, however will not usually post until about the 24th or 25th of the month. My statements cut on the 25th, so it is always by then.

Re: Discover FICO Score - When does it update?

Anonymous — Tue, 29 Jan 2019 05:03:39 GMT

@masscredit wrote:

Approved for the account 1/31/17 - $6000.00
5/18/18 - $6500.00
8/4/18 - $7000.00
9/27/18 - $9700.00

MC, just curious here, but from the time you were approved spanning > 1 year until that first CLI, were you making CLI requests and getting denied, or were you simply not requesting any?

Re: Discover FICO Score - When does it update?

masscredit — Tue, 29 Jan 2019 05:27:59 GMT

I believe I waited 3 statements (Feb, March and April). I requested the first increase a few weeks later. Then I went 3 more statements. Then only 2 the next time. This has been the longest I've waited. The plan has been to let my new score update (746 - 792) incase that helps with a better increase.

Re: Discover FICO Score - When does it update?

CerebralZulu — Tue, 29 Jan 2019 11:04:11 GMT

Disco is a strange breed indeed. I received an email telling me my Jan score had been updated so I went to the mobile app, no dice. Tried online since I thought that may be a little more current, no luck there either.

Re: Discover FICO Score - When does it update?

CreditInspired — Tue, 29 Jan 2019 11:42:50 GMT

It will update shortly. Mine updates ~3 days after statement cuts.

Re: Discover FICO Score - When does it update?

masscredit — Tue, 29 Jan 2019 13:30:41 GMT

@CerebralZulu wrote:
Disco is a strange breed indeed. I received an email telling me my Jan score had been updated so I went to the mobile app, no dice. Tried online since I thought that may be a little more current, no luck there either.

I received the same email. I checked twice incase I was missing something.

I usually don't watch my score there to closely so I don't see when it posts. Last month's statement was avaialble yesterday so maybe the new score will be up tomorrow.

Re: Discover FICO Score - When does it update?

dynamicvb — Tue, 29 Jan 2019 14:03:10 GMT

Mine on Discover updates about every 2 months. I've gotten CLI's without it updating though so I think may use us something else besides just the scorecard number

Re: Discover FICO Score - When does it update?

Anonymous — Tue, 29 Jan 2019 15:57:15 GMT

I always confuse those emails saying that there's a score update... I never know if it's for my Discover account or Discover's creditscorecard (free service to all).

Re: Discover FICO Score - When does it update?

Anonymous — Tue, 29 Jan 2019 16:01:43 GMT

@masscredit wrote:
The plan has been to let my new score update (746 - 792) incase that helps with a better increase.

Your best bet here would be to request both before and after. I personally don't think it would matter either way, but arguments could be made for both. Some may side with your possible perception that a greater score could mean a greater increase, but the opposing argument is that a 792 score is less of the "target customer" profile that Discover "likes" best, where 746 is closer to their supposed ~680-720 bread and butter; For this reason one could argue that you'd get less of an increase with the greater score. Again, I don't think it matters, but to be "safe" I'd just do the request before the update and then again after it if you get nothing from the first try.

I say it doesn't matter IMO because I've seen the same CLIs from a score of 730 when I was approved to 850 where I'm at now. There's been no change at all in my frequency or amounts of CLIs over that span of time.

Re: Discover FICO Score - When does it update?

Anonymous — Tue, 29 Jan 2019 20:00:01 GMT

They pull my credit on the 4th

They update my score on the 9-11th, my due date is the 5th and my statement date is the 10th. Maybe a coincidence? just my luck.

Re: Discover FICO Score - When does it update?

masscredit — Wed, 30 Jan 2019 14:11:23 GMT

I found that my Discover score updated this morning. That's 3 days after the statement closed. Score date is 1/12/19. So it was time to roll the CLI increase dice. And what did I get? Snake eyes!!!

At this time, we cannot increase your credit line. However, you can make another request at a future time. You will receive a letter in 3-5 business days that will detail the reasons for this decision.

$300.00... yes... I'm $300.00 away from $10,000. It's like I climbed a mountain for a year (the card is a year old tomorrow), almost to the summit, it's within my grasp, I jump to reach for it then... fall short. I collapse in exhaustion.

And now I try to determine why. DCU approved me for a $28K auto loan and $5K credit card last week. Maybe that's it. I made a few purchases recently so my Discover balance is $2600/$9700 (26%). Could one of them be the reason? Who knows. Total utilization is at 11%. That's okay. It looks like others have been declined for increases for no reason. I'll try again in the future.