Discover IT Fico score mistake

Anonymous · ‎01-17-2020

Is it possible that Discover made a mistake when they calculated my EQUIFAX FICO score? I was approved for their cash card 12/2019 and they sent me the package, along with my credit score (763 EQ) FICO. However, when I checked my Experian fico score, it is only 680 or so. And they gave me a high limit as well. I was shocked. Can anyone offer any explanation? Thanks.

M_Smart007 · ‎01-17-2020

Congrats!

thornback · ‎01-17-2020

Have you checked your EQ FICO & report? It's possible it differs from your EX by that much if the info reported on EQ is different from that reported on EX (ex: perhaps a negative that exists on EX doesn't appear on EQ?).

Congrats on your approval and welcome to the forums!

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"

Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:

Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.

AllZero · ‎01-17-2020

Congratulations on your approval!

Anonymous · ‎01-17-2020

Experian Fico 8 and Equifax Fico 8 can be apples and oranges depending on AAoA, number of inquiries, number of accounts reporting, negatives etc etc... just pay for a 3 credit bureau read either through Experian or myFICO.com and recheck.

Congratulations on your approval and welcome to Discover.

Anonymous · ‎01-17-2020

Thank you all! I just refinanced my auto loan through my bank PNC in December as well, and their Experian FICO was 730. So even that was different. Perhaps there are different types of FICO score that lenders look at? I’m just rather puzzled. My file is sort of thin. Currently, I only have 3 CCS. Apple Card, PNC cash rewards, and Discover IT cash back. 1 auto loan that is current.
I am trying to see if I should/can apply for the Amex delta card (which I have read that it is the easier card to get/start a relationship with Amex). Can someone please attest that claim as to its validity? Thanks again.

thornback · ‎01-17-2020

There are 28 different versions of your FICO score (incl. Mortgage, Auto, Bankcard, FICO 8, And FICO 9). Lenders can use whichever version they see fit.

To see all 28 versions of your FICO, you need to purchase a 3Bureau report from myFICO.com (it's the only place that offers all of them).

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"

Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:

Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.

thornback · ‎01-17-2020

And yes, Amex co-branded cards (such as the Delta) have less strict underwriting so are easier to get. But you may qualify for other Amex cards. Try their prequal page and see what comes up for you.

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"

Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:

Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.

Anonymous · ‎01-18-2020

Hi Thornback,
I just applied for the Amex Gold Card and was approved! I honestly didn’t think I would be approved because I only have 3 ccs at the moment. But the lady in the phone was super friendly and recommended I apply for the gold card. So how is the charge card different from a credit card? Since she said I have the flexibility of carrying a balance of anything over $100? Can you help me understand this? Thanks!

AllZero · ‎01-18-2020

@Anonymous wrote:
Hi Thornback,
I just applied for the Amex Gold Card and was approved! I honestly didn’t think I would be approved because I only have 3 ccs at the moment. But the lady in the phone was super friendly and recommended I apply for the gold card. So how is the charge card different from a credit card? Since she said I have the flexibility of carrying a balance of anything over $100? Can you help me understand this? Thanks!

Congratulations on your approval! For charge cards, it's recommended to PIF Pay In Full.