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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MemberSince99
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Data point for multiple pulls

Postby MemberSince99 » Wed Apr 29, 2015 8:54 am

As I mentioned in another post I applied for the Discover Miles - declined due to exposure limit from what I gathered of the explanation (not enough time with current account...). And score really doesn't matter my score on the decline was 777.

Anyway I saw they pulled both EQ as expected AND EX. I had never seen them pull two before. Not sure if this is something new they started or something else but I wanted to mention it as a data point.


Nixon
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Re: Data point for multiple pulls

Postby Nixon » Wed Apr 29, 2015 9:04 am

MemberSince99 wrote:As I mentioned in another post I applied for the Discover Miles - declined due to exposure limit from what I gathered of the explanation (not enough time with current account...). And score really doesn't matter my score on the decline was 777.

Anyway I saw they pulled both EQ as expected AND EX. I had never seen them pull two before. Not sure if this is something new they started or something else but I wanted to mention it as a data point.


Dude, that sucks. EX pull from Discover is a pretty disturbing development i've been noticing over the last 6 months.
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kdm31091
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Re: Data point for multiple pulls

Postby kdm31091 » Wed Apr 29, 2015 8:00 pm

Nixon wrote:
MemberSince99 wrote:As I mentioned in another post I applied for the Discover Miles - declined due to exposure limit from what I gathered of the explanation (not enough time with current account...). And score really doesn't matter my score on the decline was 777.

Anyway I saw they pulled both EQ as expected AND EX. I had never seen them pull two before. Not sure if this is something new they started or something else but I wanted to mention it as a data point.


Dude, that sucks. EX pull from Discover is a pretty disturbing development i've been noticing over the last 6 months.


Any lender can pull any bureau they want, or any combination. This is something you authorize when applying. You may find EX disturbing because you personally have a lot of your inquiries on EX; however, it doesn't change the fact that Discover has every right to pull one, two or three reports in whatever combination they want to determine one's creditworthiness.

Nixon
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Re: Data point for multiple pulls

Postby Nixon » Wed Apr 29, 2015 8:06 pm

kdm31091 wrote:
Nixon wrote:
MemberSince99 wrote:As I mentioned in another post I applied for the Discover Miles - declined due to exposure limit from what I gathered of the explanation (not enough time with current account...). And score really doesn't matter my score on the decline was 777.

Anyway I saw they pulled both EQ as expected AND EX. I had never seen them pull two before. Not sure if this is something new they started or something else but I wanted to mention it as a data point.


Dude, that sucks. EX pull from Discover is a pretty disturbing development i've been noticing over the last 6 months.


Any lender can pull any bureau they want, or any combination. This is something you authorize when applying. You may find EX disturbing because you personally have a lot of your inquiries on EX; however, it doesn't change the fact that Discover has every right to pull one, two or three reports in whatever combination they want to determine one's creditworthiness.


And that is exactly why EX will stay frozen until it's time for me to apply for another AMEX. ;)

All 3 are frozen right now, but EX will stay that way.
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MemberSince99
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Re: Data point for multiple pulls

Postby MemberSince99 » Thu Apr 30, 2015 7:51 am

Yeah they have the right to pull them, but most don't, though I have kind of seen a bit of a trend towards pulling 2. Cap One is the only one I know of that will pull all 3 as a matter of policy.

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 like my score would have made me borderline so they really needed to pull another one. They may have the right, but I also have the right to be annoyed at a double pull for a decline, and give more business to other lenders too. Works both ways. 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 too.

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

Vermonster
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Re: Data point for multiple pulls

Postby Vermonster » Thu Apr 30, 2015 8:22 am

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.
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Re: Data point for multiple pulls

Postby Nixon » Thu Apr 30, 2015 9:29 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.


Chase has only ever ONCE double pulled me on a card and that was for the Ink Plus. Worth it.

Usually though they only ever single pull EX for me. AMEX has never pulled anything but EX for me and in fact gave me two cards with one pull, same as Chase.
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Vermonster
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Re: Data point for multiple pulls

Postby Vermonster » Thu Apr 30, 2015 10:04 am

Nixon wrote:
Vermonster wrote:Usually though they only ever single pull EX for me. AMEX has never pulled anything but EX for me and in fact gave me two cards with one pull, same as Chase.


Chase refused to use the HP for the CSP as the HP for the CLI on my Freedom even though it was going to be on the same day. Such BS
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CarefulBuilder14
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Re: Data point for multiple pulls

Postby CarefulBuilder14 » Thu Apr 30, 2015 12:57 pm

Vermonster wrote:
Nixon wrote:
Vermonster wrote:Usually though they only ever single pull EX for me. AMEX has never pulled anything but EX for me and in fact gave me two cards with one pull, same as Chase.


Chase refused to use the HP for the CSP as the HP for the CLI on my Freedom even though it was going to be on the same day. Such BS

That is rough! I would have tried to do that when I got CSP, but I didn't get around to calling for the Freedom CLI. It may have hurt you to be only using Chase cards. Chase seems to care a lot more about the limits you have on other cards, rather than how much spend on existing Chase cards.

*Edit: Of course, they do care about your credit quality - but they don't incentivize loyalty the way Discover or Amex often do.*

Chase has only done EX pulls for me, except for a EX/TU double when I wanted a Freedom CLI (6 mos before I got CSP).

I'm a bit surprised that you tried to get an additional Discover, Member. I suspect the analyst was a bit puzzled looking through your report (seeing all the previously closed Discover accounts, for those not familiar).
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takeshi
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Re: Data point for multiple pulls

Postby takeshi » Fri May 01, 2015 9:23 am

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.



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