44 point drop after receiving new Discover card; normal?

[kenred76]

So Discover provided a FICO score with my new card and I just checked it again while paying the first bill; I have gone from 812 to 768 in one month. My utulilization is still at 0%, the only change is the new card, which has an 8k limit.

Would you experts say this is normal?

Thanks in advance....

[Revelate]

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@kenred76 wrote:
So Discover provided a FICO score with my new card and I just checked it again while paying the first bill; I have gone from 812 to 768 in one month. My utulilization is still at 0%, the only change is the new card, which has an 8k limit.

Would you experts say this is normal?

Thanks in advance....

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Not enough information honestly; are you keeping track of historical credit reports through a service like Credit Karma or similar?  There's a lot of changes which do happen which aren't entirely intuitive.  Has the Discover even reported yet?  How many other credit cards and what was the resulting change in AAOA for your TU credit report?

Are you really 0%, or are you $0 on reported balances, the second could drop you substantially from your lofty 812 score.

Actually most importantly re-reading it, where did you get your first credit score where you pulled the 818?  Discover both times?

[lg8302ch]

Are you sure you are comparing the same scores?  Discover card provides TU score and not sure if they pulled EQ for approval?  At least for me they used a different CRA.

[kenred76]

Discover has reported, yes, I saw it added to my file back in February. I guess I shouldn't have said utilization is 0, I should have said reported balances; I pay off each card in full each month. 

I got 812 from Discover, that's what they provided from TU for the month of January. When I checked last night, it had dropped from 812 to 768 for February, and again, the only change would have been the addition of the card; all balances are zero and no other inquiries. 

[jamie123]

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@kenred76 wrote:

Discover has reported, yes, I saw it added to my file back in February. I guess I shouldn't have said utilization is 0, I should have said reported balances; I pay off each card in full each month. 

I got 812 from Discover, that's what they provided from TU for the month of January. When I checked last night, it had dropped from 812 to 768 for February, and again, the only change would have been the addition of the card; all balances are zero and no other inquiries. 

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You are getting nicked points because of the hard pull inquiry that went with getting the credit card. You are getting nicked points for having a new account. You might have lowered your AAoA (Average Age of Accounts) to lose some points there.

You also need to have 1 card report a small balance every month. You can lose a lot of points by having all your cards report $0. In my case, and my scores are much lower that yours, I lose 18 points if all cards report $0 vs 1 card reporting a small balance.

[Anonymous]

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@jamie123 wrote:

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@kenred76 wrote:

Discover has reported, yes, I saw it added to my file back in February. I guess I shouldn't have said utilization is 0, I should have said reported balances; I pay off each card in full each month. 

I got 812 from Discover, that's what they provided from TU for the month of January. When I checked last night, it had dropped from 812 to 768 for February, and again, the only change would have been the addition of the card; all balances are zero and no other inquiries. 

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You are getting nicked points because of the hard pull inquiry that went with getting the credit card. You are getting nicked points for having a new account. You might have lowered your AAoA (Average Age of Accounts) to lose some points there.

You also need to have 1 card report a small balance every month. You can lose a lot of points by having all your cards report $0. In my case, and my scores are much lower that yours, I lose 18 points if all cards report $0 vs 1 card reporting a small balance.

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Unless they have an extremely thin file, that isn't enough to cause a 44 point drop. Something else is going on.

[lg8302ch]

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@Anonymous wrote:

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@jamie123 wrote:

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@kenred76 wrote:

Discover has reported, yes, I saw it added to my file back in February. I guess I shouldn't have said utilization is 0, I should have said reported balances; I pay off each card in full each month. 

I got 812 from Discover, that's what they provided from TU for the month of January. When I checked last night, it had dropped from 812 to 768 for February, and again, the only change would have been the addition of the card; all balances are zero and no other inquiries. 

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You are getting nicked points because of the hard pull inquiry that went with getting the credit card. You are getting nicked points for having a new account. You might have lowered your AAoA (Average Age of Accounts) to lose some points there.

You also need to have 1 card report a small balance every month. You can lose a lot of points by having all your cards report $0. In my case, and my scores are much lower that yours, I lose 18 points if all cards report $0 vs 1 card reporting a small balance.

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Unless they have an extremely thin file, that isn't enough to cause a 44 point drop. Something else is going on.

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If I had to guess it looks more like comparing Vantage 3 (TU from Creditkarma) with Fico (TU from Discover.) to me?? .... but OP says that the source of the two scores are both Fico TU 8 and both from Discover...so I would also guess there is something else going on if the score is really from the same source and same type

[Anonymous]

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@kenred76 wrote:

Discover has reported, yes, I saw it added to my file back in February. I guess I shouldn't have said utilization is 0, I should have said reported balances; I pay off each card in full each month. 

I got 812 from Discover, that's what they provided from TU for the month of January. When I checked last night, it had dropped from 812 to 768 for February, and again, the only change would have been the addition of the card; all balances are zero and no other inquiries. 

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Sorry to beat this over the head, but you keep saying Discover provided...provided where? If you mean they sent you your score in the paperwork with your card,  I don't think that was a TU score. I believe mine was EQ. The score on the site is TU.

44 points for adding a card seems like a lot with no other changes. I'd expect no more than 20 for AAOA hit and an inquiry and that would seem like a lot. 

[kenred76]

It's provided online, when you log on to discover's site to pay your bill or view your account. It says it's a fico 8 score.

Everyone I've talked to agrees 44 points is pretty steep. I pulled a free report to make sure there wasnt anything I missed and it's still clear of anything negative, and only 3 inquiries, dating back to 2014.

[Revelate]

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@kenred76 wrote:
It's provided online, when you log on to discover's site to pay your bill or view your account. It says it's a fico 8 score.

Everyone I've talked to agrees 44 points is pretty steep. I pulled a free report to make sure there wasnt anything I missed and it's still clear of anything negative, and only 3 inquiries, dating back to 2014.

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The big question I think everyone has, is where is the first score you received from?

Did you get both from the same Discover interface, or was one the approval score used by Discover when you obtained the card?  If the first one was the approval paperwork, what other information (bureau, score range if any, FICO copyright anywere?) does it state on the letter in addition to the score?