Discover It app cost me 10 points?!

MsSWS · ‎02-21-2020

Applied and was approved for Discover It.. 5,000 limit!! I'm just curious as to why a 10 point reduction!! They pulled my Experian which was at 669 after app now 659?? Why so many points??? My previous apps in the past with others have only costed me 1, 2 or 3 or 4 points.. Not 10!? Anyone know why ??

EQ:632 (10/28/19)
TU:670 (10/28/19)
EX:659 (10/28/19)
Georgia's Own Classic Visa Secured (2016 ) $200sl, Graduated unsecured (2017) $500cl,(2019 cli $1,500
TJX Retail (7/19)$800sl TJX Upgraded Mastercard(03/20)4,000cli
Quicksilver One(7/19)$500sl (01/20)cli of$250$750cl
BOA Cash Rewards (part secured 99/500)(9/19)
NFCU Cash Rewards
(10/19)$13,100sl.+6,000cli(02/20)$19,100
NFCU More Rewards American Express(2/2020) $20,000sl
Discover It(02/20) $5,000sl

DoctorManhattan · ‎02-21-2020

It all depends on how many inquiries you have. The more you have the more your score will be affected.

MsSWS · ‎02-21-2020

Wow..thank you..i just counted..I have 4 inquiries with Experian.

EQ:632 (10/28/19)
TU:670 (10/28/19)
EX:659 (10/28/19)
Georgia's Own Classic Visa Secured (2016 ) $200sl, Graduated unsecured (2017) $500cl,(2019 cli $1,500
TJX Retail (7/19)$800sl TJX Upgraded Mastercard(03/20)4,000cli
Quicksilver One(7/19)$500sl (01/20)cli of$250$750cl
BOA Cash Rewards (part secured 99/500)(9/19)
NFCU Cash Rewards
(10/19)$13,100sl.+6,000cli(02/20)$19,100
NFCU More Rewards American Express(2/2020) $20,000sl
Discover It(02/20) $5,000sl

newfossil · ‎02-21-2020

Congratulations on you approval. Inquire hits suck. My last one cost 23 points. Helped me make the decision to garden for a bit though which is slowly bringing my score back.

Starting score - May 2018

April 2021

AAoA - 1 year 6 months

JNA1 · ‎02-21-2020

I banged my EX up a little with 5 card spree late last year, but they should start rebounding soon. 3 of my 5 new cards were EX HPs.

Our credit card journey started 3/2018

Hover over cards to see limits and usage. Total CL - $584,600. Cash Back and SUBs earned as of 9/1/22- $15292.65
CU Memberships

Goal Cards:

AllZero · ‎02-21-2020

@MsSWS wrote:
Wow..thank you..i just counted..I have 4 inquiries with Experian.

Not including the most recent hard pull, how many Experian inquiries are within 365 days?

Anonymous · ‎02-21-2020

@MsSWS wrote:
Applied and was approved for Discover It.. 5,000 limit!! I'm just curious as to why a 10 point reduction!! They pulled my Experian which was at 669 after app now 659?? Why so many points??? My previous apps in the past with others have only costed me 1, 2 or 3 or 4 points.. Not 10!? Anyone know why ??

With Experian's near real-time FICO 8 updates, I saw -3pts for my AMEX inquiry and -8pts for the Discover inquiry about 9 hours later. Total -11pts.

I was going from 0 inquiries at EX to 1 and then 2.

MsSWS · ‎02-22-2020

Only 3 since last year.

EQ:632 (10/28/19)
TU:670 (10/28/19)
EX:659 (10/28/19)
Georgia's Own Classic Visa Secured (2016 ) $200sl, Graduated unsecured (2017) $500cl,(2019 cli $1,500
TJX Retail (7/19)$800sl TJX Upgraded Mastercard(03/20)4,000cli
Quicksilver One(7/19)$500sl (01/20)cli of$250$750cl
BOA Cash Rewards (part secured 99/500)(9/19)
NFCU Cash Rewards
(10/19)$13,100sl.+6,000cli(02/20)$19,100
NFCU More Rewards American Express(2/2020) $20,000sl
Discover It(02/20) $5,000sl

M_Smart007 · ‎02-22-2020

@MsSWS wrote:
Applied and was approved for Discover It.. 5,000 limit!! I'm just curious as to why a 10 point reduction!! They pulled my Experian which was at 669 after app now 659?? Why so many points??? My previous apps in the past with others have only costed me 1, 2 or 3 or 4 points.. Not 10!? Anyone know why ??

Do you think it is possible that you crossed an average age of all accounts (AAoA) threshold?

M_Smart007 · ‎02-22-2020

@DoctorManhattan wrote:
It all depends on how many inquiries you have. The more you have the more your score will be affected.

Unless you have as many as I do, then there is no more score ding.

None for Inqs, and none for AoYA.

3 new accounts in 4 weeks all reporting and My TU FICO8 goes up 7 points.

(I only posted (2) of the approvals on myFICO.)

ETA: EX & EQ FICO8 stayed the same, did not budge.