Discover card fico score on statement

Discover card fico score on statement

Recently Discover Card has started putting a FICO score on my statements. I was wondering how accurate this score is. Is it an approximation or accurate?

What would be other ways (free/paid) to check my credit score?

A couple of my banks have been periodically giving me my credit score as well lately. I am pretty sure it's your actual FICO score from TransUnion--a perk they are giving you to increase your satisfaction with company at low cost to them.

You can get your credit report without the score annually from each of the credit agencies at AnnualCreditReport.com, but that doesn't include the FICO score itself.

You can get an estimate of your credit report frequencly and for free at Quizzle or CreditKarma. These companies partner with a credit agency and use the same information (but a different algorithm) to give you a score similar to FICO and to give suggestions on how to improve it.

I think you can pay for your FICO score at various places online but I have never used these services so I can't vouch for them. For example, myFICO.

There are many different models for computing credit scores and the credit bureau's also allow companies to design their own mathematical models to be hosted on the credit providers infrastructure for real time "decisioning." FICO is a "consumer creditworthiness" model which evaluates you holistically as a consumer. There are numerous models that attempt this, the latest and greatest is VantageScore3 which is a collaboration between the 3 major credit reporting providers.

Aside from the models consumers are used to hearing about there are other models specific to the product that you are looking for. You might have a different credit score for an auto loan than you would a mortgage. When you think about the problem from a lenders perspective, it's obvious why. People in hard times will prioritize what payments they make differently, and therefore the risk models associated with each product would be different.

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

1 Person Helped

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2 People Helped

I have the free account, I don't have their credit card. The bottom of my page says Experian. My credit union gave me a score 40 points higher for Experian than Discover did. So I actually came to see if Discover's FICO score was even legit lol. Otherwise, my credit randomly jumped 40 points in 2 weeks while my other scores did not.

sarahslp87's response was:

14 People Helped

There are dozens (or hundreds) of different credit scoring models out there and they all calculate scores based on inclusion or exclusion of specific information, as well as how that specific information is weighted. There are three different credit bureaus and there are different versions of the scoring models they use as well.

Discover shows you a FICO (Fair Isaac Company) score from Transunion on your statement. Credit Karma is showing you a VantageScore (version 3.0) from Transunion and Equifax (you won't find Experian scores here). FICO scores and VantageScores are not the same thing (different scoring models). Each of the three credit bureaus also has their own method for calculating scores (different "flavor9quot;) even if the scores use the same name. So a Transunion VantageScore can certainly be different from an Equifax VantageScore.

Frustrating, yes. but the actual score numbers are less important than being informed about your credit (whether it's currently in a good or bad place), and being able to identify trends over time (whether it's improving or declining or staying about the same). If you're going to apply for new credit soon (credit card, bank loan, car loan, mortgage) the numbers will obviously be a lot more important to you right now. Standard disclaimer: your mileage may vary. Not everyones' experiences are the same.

Discover card fico score on statement

90% of top lenders use FICO ® Credit Scores, including us. That's why Discover provides a FICO ® Score, as opposed to another type of credit score. Regularly seeing your Credit Scorecard can help you prepare for the future, stay on top of your credit or avoid surprises.

How is my FICO ® Score calculated?

Your Score is calculated using positive and negative information on your TransUnion® credit report. It summarizes your risk to lenders at a specific point in time. FICO® Scores consider the following 5 categories of information. The breakdown below illustrates the significance of these categories for the general population. Note, however, that your individual score may give some factors more or less importance based on the information in your credit report.

  • Payment history: 35%
  • Amount you owe: 30%
  • Length of credit history: 15%
  • New credit opened: 10%
  • Types of credit you have: 10%

Will my Credit Scorecard ever be unavailable?

You may not see your Credit Scorecard including your FICO ® Score if:

  • You have mismatched or missing information, like an address change that hasn't been updated with either Discover or TransUnion ® .
  • Your account status is abandoned, bankrupt, fraud, lost or stolen, closed, revoked or charged off.
  • You have a foreign address.
  • Your credit history is too new.
  • You have opted out.
  • You've had no account activity for 180 days.

* FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. This information is intended for and only provided to Primary account holders who have an available score. See Discover.com/FICO about the availability of your score. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. Customers will see up to a year of recent scores online. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. This benefit may change or end in the future. FICO is a registered trademark of the Fair Isaac Corporation in the United States and other countries.

If you prefer not to receive your FICO® Credit Score just call us at 1-800-DISCOVER ( 1-800-347-2683). Please give us two billing cycles to process your request.

Discover Financial Services and Fair Isaac are not credit repair organizations as defined under federal law or state law, including the Credit Repair Organizations Act. Discover Financial Services and Fair Isaac do not provide "credit repair" services or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.

Discover Card (Credit Score Needed + Top 5 Discover it® Cards)

By: Brittney Mayer • May 21, 2017

Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

Advertiser Disclosure tap to close

Finding the right credit card in the sea of options can be as difficult as finding a specific fish in the ocean, and without the fun Finding Nemo hi-jinks. In fact, with so many cards on the market seeming to offer the same rewards, it can feel more like finding Nemo — in a tank of clown fish.

At the end of the day, picking the best credit card from the group comes down to selecting an issuer with great customer service and helpful features that can actually help make your credit card experience an enjoyable one.

With awards for customer service three years running, the Discover it® line is an obvious choice for great credit cards. With their popular FICO credit score tracking feature and awesome rewards, there’s a Discover card perfect for just about anyone.

Credit Score Needed, Plus Other Requirements

Your credit score is, and will likely remain, an important part of the credit card approval process. That said, advances in data collection and analysis are starting to have an impact on how companies determine credit risk. Your overall credit profile is becoming just as important as your numerical score.

Sources Suggest a Minimum 648 FICO Score

Most card companies don’t actually have a hard and fast minimum score for approval. That said, if you have a low credit score (<640 FICO), you’ll likely need an issuer that deals specifically with subprime consumers.

For Discover it® cards, most reports indicate a FICO score between 680 and 720 should get you a good offer. One myFICO user reports being approved with a credit score of 648, suggesting Discover may have more flexible credit score requirements.

The Discover it Secured Card, however, is an option for those with less-than-perfect credit, as a deposit equal to your credit limit is required upon approval.

Perhaps because their credit score requirements are so flexible, Discover is known to look closely at your overall credit profile. If you have a history of missed payments, have opened too many recent accounts, or carry too much of a balance, you could be rejected.

Positive History with Discover

If you already have a Discover card, or have had one in the past, you should consider your relationship with Discover — because they will. If you haven’t been paying your bill on time, had a delinquent Discover account in the past, or have otherwise soured your relationship, you’ll likely be rejected for additional Discover cards.

Compare Discover it® Cards & Apply Online

The specific Discover card that’s right for you will depend on your specific needs, but they’ll all offer the same great benefits, like free FICO credit score tracking and no annual fee.

Offering one of the largest cashback percentages, the Discover it® Cashback Match card will net you 5% cashback in rotating categories each quarter, including places like department stores or Amazon.

FICO ® Ultimate 3B

3-Bureau FICO ® Scores, Credit & Identity Monitoring

FICO ® Essentials 1B

1-Bureau FICO ® Scores & Credit Monitoring

FICO ® Score 3B Report

3-Bureau Credit Report & FICO ® Scores

FICO ® Score 1B Report

1-Bureau Credit Report & FICO ® Scores

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Re: Discover IT card with FICO Score on Statement?!

Where can I find my score? My statement was today, the 20th. I can't find it *shrug*

your score will be on the first page of your statement.

*confused* Definitely not on my statement

It should be on the left side, right below the box that tells you about your balance, payment, payment required, etc.

Yeah, it is not there. even did a document search of "score" and "fico" to make tripely-sure.

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Re: Discover IT card with FICO Score on Statement?!

Where can I find my score? My statement was today, the 20th. I can't find it *shrug*

your score will be on the first page of your statement.

*confused* Definitely not on my statement

It should be on the left side, right below the box that tells you about your balance, payment, payment required, etc.

Yeah, it is not there. even did a document search of "score" and "fico" to make tripely-sure.

it should say something like:

Your FICO Credit Score on <date9gt;.

More at Discover.com/FICO

try calling customer service I suppose.

Just to make sure, is your TU frozen?

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Re: Discover IT card with FICO Score on Statement?!

it should say something like:

Your FICO Credit Score on <date9gt;.

More at Discover.com/FICO

try calling customer service I suppose.

Just to make sure, is your TU frozen?

I highly doubt it. I just opened my Discover IT card last month, and they provided me with my FICO score on the acceptance letter. I'll call them later tonight.

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Re: Discover IT card with FICO Score on Statement?!

Current Score: 830

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Re: Discover IT card with FICO Score on Statement?!

I just finished a chat session with customer service. They said that the More card will have the free FICO available sometime towards the beginning of 2014, while the It card has it available now. That was the incentive I finally needed to convert my More to an It; I saw no point in waiting so I went ahead and did it.

Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)

Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014

Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k

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Re: Discover IT card with FICO Score on Statement?!

Ok, I contacted Discover via Live Chat and explained I wasn't getting my score on my statement. After about a 5 minute hold (well, a 5 minute CSR AFK) she said that my score will be mailed separately each month. *shrug*

But I'm happy, either way.

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Re: Discover IT card with FICO Score on Statement?!

Current Score: 830

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Re: Discover IT card with FICO Score on Statement?!
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Re: Discover IT card with FICO Score on Statement?!

WoW, now I'm thinking about get the card. Hopefully Chase can start doing this

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Re: Discover IT card with FICO Score on Statement?!

Which TU does Discover give? 08? 04?

An Industry Standard – FICO Scores are used in more than 90% of lending decisions

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All rights reserved.

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.



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