How to handle Discover 7-10 Day Response

[Jazee]

I got a invite from Discover 6 weeks ago.  Wanted to wait to bring my utilization down below 20% and wait for score bump before I applying.

First I requested a CLI on my USAA that I've never requested since getting the card 7 years ago.  Got $3000 CLI $2,500 to $5,500 HP from Experian.  Also since I knew it was a soft pull, Amazon Store Card Synchrony gave me an increase from $2700 to $6000 after only having the card 4 months.  So my UTI is going to plummet next reporting period.

Next day went to Discover, entered my invite code, got the no love 7-10 day letter notice. They pulled from Equifax which for some reason went down 10 points in the past 6 weeks from 712 to 702.  Now showing 699 (Vantage 3) after the Discover HP.

Read some messages that in many cases the Discover 7-10 day messages isn't necessarily a "final decision denial." Since Chase pulls from Experian was thinking of applying there but seems it as hard or harder to get approved as Discover and my two derog accounts are actually Chase accounts from 6 years ago.  Seems just need to be patient to see what Discover says then decide if I want to try for another card?  Any decent reward cards that pull from TU as seems I score highest with them.

Any suggestions are much appreciated.  At time of Discover app:

EX
Fico 2 702
Fico 3 712
Fico 8 722
Fico Bankcard 8 736

EQ
702 Vantage 3

TU

732 Vantage 3

[AllZero]

Congratulations on your USAA CLI!

I would recommend reading the below from credit_is_crack
The "Which Banks Pull Which Report For Apps" list

[Jazee]

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@AllZero wrote:

Congratulations on your USAA CLI!

I would recommend reading the below from credit_is_crack
The "Which Banks Pull Which Report For Apps" list

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Thanks. Forgot to mention I also at the same time got a CLI on Amazon Store Card from $2700 to $6000 after only having the card 4 months. Kind of ticked Discover sent the invite that apparently denied me but seems you need to have FICO in the mid 720's or higher typically for them and I may have had that at the invite time.  Just wondering if anyone sucessfully appealed Discover when you were borderline denial. I've seen that Pull list before.  Interesting that most all the major banks with decent rewards cards don't pull from TU.  

Just going to wait for my UTI to go to 9% after the CLI's hit my reports if I can get my EX to 730+ I'll re-apply to Disco one more time. 

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[FinStar]

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@Jazee wrote:

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@AllZero wrote:

Congratulations on your USAA CLI!

I would recommend reading the below from credit_is_crack
The "Which Banks Pull Which Report For Apps" list

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Thanks. Forgot to mention I also at the same time got a CLI on Amazon Store Card from $2700 to $6000 after only having the card 4 months. Kind of ticked Discover sent the invite that apparently denied me but seems you need to have FICO in the mid 720's or higher typically for them and I may have had that at the invite time.  Just wondering if anyone sucessfully appealed Discover when you were borderline denial. I've seen that Pull list before.  Interesting that most all the major banks with decent rewards cards don't pull from TU.  

Just going to wait for my UTI to go to 9% after the CLI's hit my reports if I can get my EX to 730+ I'll re-apply to Disco one more time. 

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Unfortunately, Discover doesn't overturn system-declined decisions.

[Iusedtolurk]

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@Jazee wrote:

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@AllZero wrote:

Congratulations on your USAA CLI!

I would recommend reading the below from credit_is_crack
The "Which Banks Pull Which Report For Apps" list

---

Thanks. Forgot to mention I also at the same time got a CLI on Amazon Store Card from $2700 to $6000 after only having the card 4 months. Kind of ticked Discover sent the invite that apparently denied me but seems you need to have FICO in the mid 720's or higher typically for them and I may have had that at the invite time.  Just wondering if anyone sucessfully appealed Discover when you were borderline denial. I've seen that Pull list before.  Interesting that most all the major banks with decent rewards cards don't pull from TU.  

Just going to wait for my UTI to go to 9% after the CLI's hit my reports if I can get my EX to 730+ I'll re-apply to Disco one more time. 

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A number of members have said that the 7-10 days are not written in stone denials. IIRC a couple said that it had to do with some sort of ID verification.

So far as the 720 score I got my disco a little over a year ago and had around a 650 Equifax pulled for approval with a 1000 sl and aggregate utils around 40%. (recently got an auto 1000 cli.)

So hopefully it works out for you.

[Dp23]

I got denied last week for too many inquiries in the last 12 months. I have 5 & opened two cards in that timeframe. No big deal I'm gardening for the next year & a half with hopes of buying a house next summer. Best of luck.

[Jazee]

So I got an invite from Discover.  I didn't apply until 6 weeks later.  They pull from Equifax.  Just my luck, in all these years in never having some error on my reports, I got two erroneous collections reported, both medical debts from companies I never heard of, one collection agency couldn't find any account associated with my name, phone or SSN, the other agency the contact number on the report was out of service!  So I disputed with Equifax.  So I got denied by Discover because of this I'm 99% sure.

Can I re-apply to Discover as soon as I see them removed and my score go back up, or is there a minimum amount of time since denial you should wait before re-applying for the same card?

[Anonymous]

I'd wait at least 30 days after the last correction goes through on your reports so there is enough time for Discover to update everything on their end.

[Jazee]

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@Anonymous wrote:

I'd wait at least 30 days after the last correction goes through on your reports so there is enough time for Discover to update everything on their end.

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Interesting.  I would think at time of application, they pull your current report and scores as currently showing and the reporting agency?

I could see something like them considering another application within 30 days of each other as being duplicate applications (but have not heard of confirmation of this happens) but would they really refer to non-current data as shown from Experian at time of application they have stored from a previous inquiry?

[joltdude]

Discover will usually not do another pull for another 30 days.... they will use the stale pull with the inaccurate info... 

Not much you can do about it... 

If it were me.. id let things settle out and wait at LEAST 31-32 days.... if not more... then see if you prequal...

They also may do a double pull.... 

That said you still possibly can be approved with the 7-10 day response.. Its usually a sure sign that it has to be manually reviewed by a human being vs the automated system, or just glanced over... Might need verification, might need a 4506T.....

-J