Discovercard Update

What annoys me the most about them is that they could pull your credit report if they really wanted to. They could do an AR inquiry so it would be soft instead of doing a hard inquiry.

 

They keep giving hard inquiries? What a bunch of pooh....

 

That is funny, George!!

 

George...this may sound dumb, but here goes.

If you have used Discover so much and were willing to shoot them so much of your business, why don't you let them pull one measly inquiry to up your limit? For all you know, they might take a huge jump after that one inquiry. Once it shows up as a hard inquiry on your report(s)...go ahead and dispute to have the inquiry turned into an AR type.

My point is just this: You have been a good customer and have enjoyed using the card, why be so stubborn as to one inquiry. Maybe they will "play ball" with you then. We have to understand even banks have strange rules, but we manage to work with them.

Just my 2 cents.

 

George,
What is the exact language they give you as to why they need a hard inquiry?

I wish we could figure out what the problem is. Don't they get all the info they need from the AR? If anyone on this board has worked in a credit department please share what the difference in information is for the differing types of inquiries, if any.

My take on it is that the ONLY difference is that the additional hard inquiry serves to prevent the consumer from obtaining any other credit (too many inquiries) and that the cc company wants to do what they can to make sure that is true.

 

George, you are not showing them who is the boss. They are in the risk management business. You could be having problems with your other creditors and be waiting to "burn" them....that is WHY they have to score you to grant an increase. Some banks do it differently, of course. I am sure your perfect payments matter, but to whom? I mean, you are meeting your obligations, not trying to impress anyone, least of all Discover Card!

If you want an increase, let them pull and then have the inquiry moved to AR. That is the easiest way. Or is it better to keep telling everyone how mad you are??

Why are you letting them be such a big deal?

 

I say if they want to pull it, let them but only if it is an AR inquiry (They already do those anyways). They can do that to see how you are with other creditors. If they don't agree to that screw 'em. There's other fish (cards) in the sea.

I agree 100% with what George is saying. He has options, and if they want to be like that, he will exercise his other options.

 

George....what is with the "whatever...." ?? I was trying to make a point and you blow me off. Are you bragging about the cash back check? If someone disagrees with you, can't you reply for the benefit of this forum? Saying "Whatever..." means you could care less, but if that was the case you would not be on here. Just my 3 cents.

 

GEORGE,

For what it's worth.....you have been a valuable customer to Discover. I see your point and I feel that you are doing the right thing. There are other banks out there (hopefully) that want your business. Besides.....in my opinion.....Discover SUCKS. I was rooting for the Am/Ex Platinum Cashback card myself. There's still hope. Don't give up.

 

Good point George. I know you are mad at them. Have you called and asked to speak to the credit department manager? Try that and see what you can get!

 

From reading his previous posts, I think George has already been around the barn with all of them.

He wants to blow off steam. I don't blame him - I'd be pi$$ed too. They can do AR and see his other accounts - they probably already have. They are being harda$$, and George is dishing it back the only way a consumer can really make a statement - I think it's called "voting with your feet." - meaning, take your business elsewhere. I don't blame him and I don't mind listening to him.

 

I understand and agree with George

I charged 1.12 on my Nextcard last month and will pay it online. I want the aging but I won't use the card without an APR reduction and a line increase.

My fico went up dramatically since January. My debt load went down. BUT my Nextcard (in the trash) went up in APR and they won't budge on the credit line.

Sucks because at the time I was approved I mistakenly thought I'd made it to the PRIMES and I was so excited...

My Cap1 cards are much better and they started out as suck cards... go figure.

 

George

I share your opinion of Discover Card. I've had my card since 1991. Never made a late payment, in fact with the exception of 6 months, I've paid my entire balance each month for count'em 10 years. I primarily use the account for business related travel and since I get the cashback, its sort of a deal for me. My limit started out at $5,000 and last month I got an unsolicited increase to $5,500. Wow! I called an asked for a larger increase because of a pending 2 month long trip and they said, only if they pull a credit report. I declined and simply let it go.

Going forward I will use my AMEX Cashback card instead of Discover. What did Discover just lose, yep another customer? Sure they didn't make money off of me; however, everytime I use my card, they collect from a merchant. Last year alone, I charged $57,500 to the card. Oh well, again, I share your sympathy.