Discover Backdating?

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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ScoreOnTheRise
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Discover Backdating?

Postby ScoreOnTheRise » Wed Oct 22, 2014 3:07 pm

Since college in the 90's, I've been an AU on my mother's Discover card. This year I got my own Discover it card.

Question: Can one successfully request Discover to backdate when one was an AU on a different Discover card? It sure would look good on my CR if this card showed that it opened when my mom's did.
American Express PRG [NPSL]
Chase Sapphire Preferred [$25K]
American Express BCE [$20K]
Discover it [$18.5K]
Barclaycard Arrival World MC [$6K]
Citi Diamond Preferred MC [$4K]
Citi Home Depot Consumer Credit Card [$3K]
Citi Best Buy Visa [$2K]


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Vattené
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Postby Vattené » Wed Oct 22, 2014 3:43 pm

It's hearsay, but I always saw that backdating is exclusive to Amex.
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

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djrez4
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Postby djrez4 » Wed Oct 22, 2014 4:16 pm

I've specifically asked Discover. They don't do it. If they did, I'd get backdated to 1999.

Every time I contact customer service, I end the call by suggesting it. Doesn't seem to have had any effect, yet.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

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Vattené
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Postby Vattené » Wed Oct 22, 2014 4:25 pm

Maybe you can recruit other members of the forum to do the same so they get more of that suggestion coming in.

Does anyone know if there is a reason other companies don't/can't implement backdating? It is a really nice perk, and I would expect other companies to copy it if there wasn't some legal issue or cost standing in the way. I don't know which came first - the Chase Freedom or Discover it - but it really looks like one copied the rewards structure of the other. I think Discover was the first to offer true FICO scores to members as a perk, and I have seen other companies rip that off recently.
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

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otter
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Postby otter » Wed Oct 22, 2014 8:55 pm

Vattené wrote:Does anyone know if there is a reason other companies don't/can't implement backdating? It is a really nice perk, and I would expect other companies to copy it if there wasn't some legal issue or cost standing in the way. I don't know which came first - the Chase Freedom or Discover it - but it really looks like one copied the rewards structure of the other. I think Discover was the first to offer true FICO scores to members as a perk, and I have seen other companies rip that off recently.


I've heard different reasons why Amex backdates and others don't. Someone on FICO once suggested that because Amex extended credit before almost anyone else, they've been "grandfathered" in somehow since they predate most of the credit reporting laws. i don't think that's true- I think Amex simply marches to the beat of their own drum and does what they please. I don't see any reason why a creditor can't do it... the law says they have to report accurately, but that's really only enforced when the inaccuracy is negative. That's how people are able to get PFD's even though the derogs are accurate. I did have a friend who once convinced Chase to backdate, but that was years ago and I doubt it would work today.

I'm really surprised no company has tried to use some sort of backdating scam (ie. I pretend to extend you $50,000 in credit, backdate the account to 1950, report to all three bureaus as "paid as agreed" with a $1 balance, and in exchange you pay me $50 a year for the boost to your credit score). I guess it would be exposed pretty quickly, but I'm surprised it hasn't been tried...
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450



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