Data point for multiple pulls

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
flan
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Re: Data point for multiple pulls

Postby flan » Sat May 02, 2015 8:10 am

Vermonster wrote:I could understand a double pull for someone on the fence, or if you had one frozen. There has to be a red flag of some sorts to warrant the double. You also hear of double pulls on higher end cards like a CSP. I hardly think the It Miles is on the same level as a CSP, it's more like a double cash, or QS.

I read a few stories about someone apping for an Amex with a frozen EX. Amex pulled TU, then gave them the 7-10 message, when they called they had to unfreeze EX. Seems like Amex is just trying to punish you for making them jump through hoops.


If I were a lender, and the credit bureau I was trying to pull were frozen, I'd either flat out decline, or make the applicant unfreeze. Freezing credit reports is a anti-fraud measure, not a make the bank use what you want measure. So, a frozen report is a sign that the customer is worried about someone fraudulently acquiring credit in their name. Not worth the risk.

That's independent of the "If *they* don't want me to see this, *I* want to see this." aspect.


Vermonster
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Re: Data point for multiple pulls

Postby Vermonster » Sat May 02, 2015 8:19 am

flan wrote:So, a frozen report is a sign that the customer is worried about someone fraudulently acquiring credit in their name. Not worth the risk.


There are quite a few people that abuse freezing to "persuade" lenders to look at a more favorable report. In reality, a lender can pull all 3 if they want to, so we are sort of lucky that they only pull 1 or 2 as it is.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

Nixon
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Re: Data point for multiple pulls

Postby Nixon » Sat May 02, 2015 8:46 am

For me it is a measure to spread inquiries out between the three bureaus as an inordinate amount of lenders pull EX. It's one of the few protections we have left.
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CarefulBuilder14
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Re: Data point for multiple pulls

Postby CarefulBuilder14 » Sat May 02, 2015 10:40 am

I've never tried to selectively freeze reports. Even if a lender pulls Equifax (1 inquiry) instead of Experian (7 inquiries), my credit reports will still show 8 accounts with a history of less than two years. When there are a lot of new accounts, it's obvious that the person has been seeking credit - even if there aren't a lot of inquiries on that report.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
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Letting new accounts cool off since May
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lg8302ch
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Re: Data point for multiple pulls

Postby lg8302ch » Sun May 03, 2015 2:51 am

Vermonster wrote:I could understand a double pull for someone on the fence, or if you had one frozen. There has to be a red flag of some sorts to warrant the double. You also hear of double pulls on higher end cards like a CSP. I hardly think the It Miles is on the same level as a CSP, it's more like a double cash, or QS.

I read a few stories about someone apping for an Amex with a frozen EX. Amex pulled TU, then gave them the 7-10 message, when they called they had to unfreeze EX. Seems like Amex is just trying to punish you for making them jump through hoops.


For me Chase is a constant double puller (EQ and EX) with Fico 780+ on all 3 CRAs. I applied for 3 cards over the past 2 years and all 3 with double pulls. I will make a big cross on the ceiling if I will ever get a Chase card with a single pull ....but looking at the bright side, nobody else wants to pull EQ for me (Discover pull has fallen off already) ...lol

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Re: Data point for multiple pulls

Postby MemberSince99 » Sun May 03, 2015 9:32 am

takeshi wrote:
MemberSince99 wrote:I guess if you are already at your exposure limit with them, and they give your decline score as 777, why pull another one just to decline you?

It's not just about score and if you're near max expsoure that could be a concern. They do not "pull just to decline" they pull to make the decision.

HP's are generally small impact and I find it odd that you're worried over something that seems like something you'd mock myFICO users for.

MemberSince99 wrote:I was originally just making a data point, but there is some wisdom in not antagonizing customers needlessly, just because you can.

You seem to take things too personally. It's not to antagonize you. It's to assess risk. It's not personal. It's business.


Again, with positive history with them, and a high score, what's the point of pulling another one, especially since that report ALSO has the same high score and perfect history on it? If you are already at your exposure limit, and thus they will decline you again, why pull another one if you are going to be declined since you are already at your exposure limit? I think you aren't getting the point here but oh well. And yeah, that does antagonize me a bit. It's one thing to pull one and tell me I'm at the limit of what they feel comfortable extending and decline, and it's another to pull 2. Yes I know they CAN, but then I CAN put my spend elsewhere too.

I know you gotta jump right in and tell me I'm a fruitcake and state the obvious generalities as always, so thanks for that. Life wouldn't be the same without that.

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Re: Data point for multiple pulls

Postby Nixon » Sun May 03, 2015 10:10 am

They only have access to what you allow. Make use of the chiller and get in the driver's seat of your credit destiny.
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darkguy2
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Re: Data point for multiple pulls

Postby darkguy2 » Sun May 03, 2015 11:45 am

I always keep my reports frozen. Thankfully I like in a state that requires it to be free. So whenever I apply for a card I get the 7-10 day message and call in to find out which one they are pulling. Lift it for a day and call back to get approved. Never had a problem with it. This way I know for certain that the only time my report gets pulled is when I approve it.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

Nixon
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Re: Data point for multiple pulls

Postby Nixon » Sun May 03, 2015 12:03 pm

Not free for me :(

$10 for temp unfreeze which is why I went a little app crazy after I lifted EX for NFM card (Free delivery on a couch + $200 GC to the store.)
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notcool
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Re: Data point for multiple pulls

Postby notcool » Sun May 03, 2015 12:41 pm

MemberSince99 wrote:
takeshi wrote:
MemberSince99 wrote:I know you gotta jump right in and tell me I'm a fruitcake and state the obvious generalities as always, so thanks for that. Life wouldn't be the same without that.



You have no problem repeatedly and sometimes cruelly mocking other people (e.g., posters at myfico in general, sometimes specific ones).Yet you can't seem to take it when someone mildly critiques one of your views. Nobody on this board to my knowledge called you a "fruitcake" or any other anti-gay slur. But you've been banned at myfico in large part for using racist slurs against President Obama and Overseas customer service reps. I guess its ok for you to give it but you can't seem to take far more mild critiques than you give.

You mock the myfico people for their concern with avoiding inquiries (admittedly they don't alway follow their advice), but in the last week you've been "hacked off" at Barclays and "antagonized" by Discover over inquiries that didn't yield greater credit. This despite the fact that you have 100k in available credit, recently closed on a mortgage and got a new vehicle. You almost certainly don't need the additional credit and the inquiries you took surely won't matter much on your report considering how many inquiries you must already have. The most reasonable conclusion here is that you looking for trivial reasons to be angry. And considering that you already have more credit than you seem to need, what's the point in all of this anger? Wouldn't it be easier to enjoy the cards you have an not get ticked off because someone won't issue you a second card or give you a CLI you don't need?

After the Barclay decline, you went on a rant about "idiot[s] with 450 to burn" (in annual fees) who get the Barclay Visa Black, even though that card's questionable wisdom had nothing to do with your CLI decline and even though you've signed up for credit cards whose combined annual fees far exceed the Barclay Visa black annual fee (though they might be waived the first year). Are you that different from the typical Visa Black customer? Yea, visa black seems marketed toward people who desire a "shallow prestige" that might come from having such a card and also the admiring comments of store clerks who don't realize the card is a knock-off centurion. Yet you seem to want credit card companies to show how much they want your business by granting you new cards and CLIs even though you have a lot of credit already. Visa Black customers want store clerks to fawn over them, you want credit card issuers to fawn over you and you want to make them, in your words, "compete for [your] business."

After Discover and Barclay decline you for extra credit, you get all offended and say "Citi clearly wants my business and amex seems to as well. FNBO keeps sending me mailers so I take it they'd like some action as well." Yet in the past you've rage closed FNBO cards because a customer service rep dared ask you to give your account number twice and you've made multiple complaints about Amex too and their overseas reps. Some of these complaints are borderline racist, like your references to "Kumar" that you made on this board just a few weeks ago. What's the point here? As soon as Citi, FNBO or Amex does some small thing that you take to mean they don't value your business sufficiently, we're gonna hear a rage against those firms.

Now you are intrigued by FNBO, but your 2013 blowout wasn't your first beef with them. In Aug 2012 you said FNBO made it to the "top of your sucks list" and they were a "bunch of dolts" and "they couldn't have insulted me more if they tried" and that "FNBO has made my blacklist" because FNBO dared send you in the mail an application for a secured credit card. ... Yet you went back to them in 2013, just to rage close them, and then you got the Dodge card (issued by FNBO, essentially.

What's the point in throwing these hissy fits over imagined slights, then closing cards just to go back to these issuers 6 months later and continually repeating this cycle?

I realize this post is extremely harsh. But takeshi is right to say "you seem to take things too personally."



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