Re: Discover Pre-Approval with Solid APRs

Anonymous · ‎01-06-2018

Does anyone have a good consensus on who they SP and then who they will HP once you actually apply.

Reason I ask is I have been turned down 3 times this past year.

June EQ of around 705 or so. Denied, Past delinquent accounts.

October TU score 825 . Denied. Number of accounts with delinquency. Called in and tried to recon this because there is absolutely nothing on my TU file that is bad. No luck on that one. She agreed to check a different bureau and pulled EQ ( 716 at time ) and got denied again for Past delinquent accounts.

January ( preapproval link) Got offers for Discover It and Chrome. 12.24 percent and 0% transfers for 14 months.

Current Ficos EQ 709, TU 818, EX 817

Don't wanna risk another HP if they're just gonna deny me again if they pull EQ. My EQ actually isn't that bad just has about 5 six year old accounts that I'm just waiting to fall off. No lates in over 6 years. 8 inq. 4 % util.

credit_endurance · ‎01-06-2018

From all reports and general consensus it that it’s a sp on EQ report for the pre approval (if you get a offer) and remains just a sp upon approval. Of course YMMV. That is the reason this thread blew up back then because of the fact Discover was/ May still be actually offering a sp approval!

Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

J-F168 · ‎01-07-2018

For me was SP and HP on EQ. Disco was IIB. Back with them after one year post D/C.

EX 716 - EQ 707 - TU 724
BK 7 D/C Dec '16.

joltdude · ‎01-07-2018

The other thing if your trying to save a HP or so on Discover is sign up for credit scorecard... Some folks have reported cards entirely with SPs but.. They DO use the SP pull from CS with the preapprovals.....

joltdude · ‎01-17-2018

Credit Scorecard = ~~Equifax FICO~~ Experian FICO ... Yes I screwed up... Though oddly I still think it may have been the other at one point...

Discover Accountholder = Transunion FICO (That one is still correct)..

Interesting also that someone said theirs was reversed (With EX in their Discover account for scores and TU for CS)

-J

Anonymous · ‎01-17-2018

@Anonymous wrote:
Does anyone have a good consensus on who they SP and then who they will HP once you actually apply.

Reason I ask is I have been turned down 3 times this past year.

June EQ of around 705 or so. Denied, Past delinquent accounts.

October TU score 825 . Denied. Number of accounts with delinquency. Called in and tried to recon this because there is absolutely nothing on my TU file that is bad. No luck on that one. She agreed to check a different bureau and pulled EQ ( 716 at time ) and got denied again for Past delinquent accounts.

January ( preapproval link) Got offers for Discover It and Chrome. 12.24 percent and 0% transfers for 14 months.

Current Ficos EQ 709, TU 818, EX 817

Don't wanna risk another HP if they're just gonna deny me again if they pull EQ. My EQ actually isn't that bad just has about 5 six year old accounts that I'm just waiting to fall off. No lates in over 6 years. 8 inq. 4 % util.

I was denied last month even though I was pre-approved with single APR. The reason for the denial was "too many recent accounts opened." I did not get any HP. I spoke to underwriting and found out that they did a SP on my EQ prior to the denial. At least I did not waste a HP.

Anonymous · ‎01-17-2018

@joltdude wrote:
Credit Scorecard = Equifax FICO
Discover Accountholder = Transunion FICO

-J

I have it opposite. My scorecard displays TransUnion fico, while Discover uses EQ for a new account. I'm in California if it makes any difference.

ktl72455 · ‎01-19-2018

How Long after SP denied do you have to wait to try again?

Im working to get my UTL down to apply

If the SP my Score card it is EX and 699 as of 12/29/17 will be 40% current score 708 on fico

If they pull Tu 732 68%

If they pull EQ 701 ( not updated on fico yet) 68%

No new Inq or Negatives. I just want my foot in the door with out a HP.

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%

Anonymous · ‎01-25-2018

Thanks for all the info in this thread everyone! I just got preapproved for two discover it cards thru the pre approval. I use the scoreboard got 18.99% solid apr and went ahead with the app and was approved with a $6k SL! This is my first high starting limit after starting my credit rebuild a year ago. I have one capital one platinum card with a $500 limit and couldn't believe what I was approved for! Current scores are: 17% utilization no derogs completely clear report.
Fico 8 719
Equi 685

Trans 685

So far no new HP will update if I get one from opening this account usually I get alerts right away so this is looking really good for the scoreboard pre approval process!

MyLoFICO · ‎01-25-2018

2-1-2016

Experian 639 - No data on Inq's and UTIL.

Ex - Discover cardholder - Opened Secured IT 2-1-2016 - $200 SL, unsecured 14 months later, no CLI. Closed 8-1-17. CLI next day to $600. Card remained closed.

1-23-18

Experian 677 - 27 Inquiries (all more than a year old) and 37% UTIL.

2nd Discover app - Discover IT approved 1-23-18 @ 14.4% and 4500 SL.

Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18

Discover Pre-Approval with Solid APRs