Data point for multiple pulls

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

Postby Nixon » Sun May 03, 2015 1:04 pm

Either someone is infatuated with MS99 or they have the memory of an elephant....


And tooling on certain MyFICO goofballs is fun.
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CarefulBuilder14
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Re: Data point for multiple pulls

Postby CarefulBuilder14 » Sun May 03, 2015 5:58 pm

Member, I am curious...

If you factor in closed accounts, and only look at payment history reported by Amex (ignoring backdating), then what would your AAoA be?
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

flan
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Re: Data point for multiple pulls

Postby flan » Sun May 03, 2015 7:22 pm

MemberSince99 wrote:
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.
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You assume they're just getting a score. They're almost certainly pulling the data from the whole file, and using their own analytics against it. Merged file gives a better view of everything the customer does. (Since you're already a customer, they've got relatively recent TU data on you...)

People don't get declined for inquiries, unless there's something else wrong, which can include the new credit.

MemberSince99
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Re: Data point for multiple pulls

Postby MemberSince99 » Tue May 05, 2015 9:09 am

CarefulBuilder14 wrote:Member, I am curious...

If you factor in closed accounts, and only look at payment history reported by Amex (ignoring backdating), then what would your AAoA be?



All of my accounts that are closed were closed within the last 5 years so they are still factored in.

If we ignore backdating, my Platinum was opened in May 2013 so it has or will shortly have 2 full years payment history. I opened 2 of my Amex cards in 2013 and one last summer (the Hilton card). So two of them are about 2 years old and one is about 1 year old.

I have I think 3 Amexes closed that were opened and closed in 2012. I'm just going by memory here.

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CarefulBuilder14
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Re: Data point for multiple pulls

Postby CarefulBuilder14 » Tue May 05, 2015 9:29 am

MemberSince99 wrote:
CarefulBuilder14 wrote:Member, I am curious...

If you factor in closed accounts, and only look at payment history reported by Amex (ignoring backdating), then what would your AAoA be?



All of my accounts that are closed were closed within the last 5 years so they are still factored in.

If we ignore backdating, my Platinum was opened in May 2013 so it has or will shortly have 2 full years payment history. I opened 2 of my Amex cards in 2013 and one last summer (the Hilton card). So two of them are about 2 years old and one is about 1 year old.

I have I think 3 Amexes closed that were opened and closed in 2012. I'm just going by memory here.

Thanks for the reply, but I meant AAoA across all lenders. I know you've had the Freedom and a few others since mid-2013, but I was mostly curious about how much your short-lived accounts (like the closed Discover ones) dragged down your AAoA.

Edit: I had mentioned Amex only because of the effect of backdating - I wasn't specifically curious about your rebuilding relationship with them.

My AAoA is right around 9 months. Each new card has a pretty negligible effect now.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

MemberSince99
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Re: Data point for multiple pulls

Postby MemberSince99 » Tue May 05, 2015 11:28 am

CarefulBuilder14 wrote:
MemberSince99 wrote:
CarefulBuilder14 wrote:Member, I am curious...

If you factor in closed accounts, and only look at payment history reported by Amex (ignoring backdating), then what would your AAoA be?



All of my accounts that are closed were closed within the last 5 years so they are still factored in.

If we ignore backdating, my Platinum was opened in May 2013 so it has or will shortly have 2 full years payment history. I opened 2 of my Amex cards in 2013 and one last summer (the Hilton card). So two of them are about 2 years old and one is about 1 year old.

I have I think 3 Amexes closed that were opened and closed in 2012. I'm just going by memory here.

Thanks for the reply, but I meant AAoA across all lenders. I know you've had the Freedom and a few others since mid-2013, but I was mostly curious about how much your short-lived accounts (like the closed Discover ones) dragged down your AAoA.

Edit: I had mentioned Amex only because of the effect of backdating - I wasn't specifically curious about your rebuilding relationship with them.

My AAoA is right around 9 months. Each new card has a pretty negligible effect now.


I would guess that it has a significant effect and will for some time. I would not be surprised that once those accounts fall off, my score hits 800s.

But, honestly I don't care it's already given as high 770s to low 780s, so what practical difference would 800 make other than bragging rights? None that I'm aware of.

But I do think I paid a price that way but I'm ok with that. I wanted to try out all the lenders, essentially. I think it's good to have options. If I was new to credit what I did would not be very smart. But it really hasn't hurt me much in any way that makes any difference.

I agree at 9 months they won't hurt you and as they age it will get better.



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