Menu

Home › Forums › Financial Markets/Economics › How accurate are the fico scores that are free from your credit card company.

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • October 8, 2015 at 11:32 AM #21713
    Coronita
    Participant

    So amex started to include fico scores in your online account. One thing I noticed is the scoring system seems to be different from the ones that traditionally obtained from the 3 credit bureaus when you apply for credit. For example, the one that comes from those companies have a maximum of 850. The one from amex has a max of 850. The one from citibank is on a scale of 900. So what is the difference?

    October 8, 2015 at 11:44 AM #790080
    livinincali
    Participant

    Citibank might be using a different scoring system. There are quite of few of them out there.

    For example a google search yielded this

    [quote]
    The Credit Score Range Using Various Scoring Models:
    FICO Score range: 300-850.
    VantageScore 3.0 range: 300–850.
    VantageScore scale (versions 1.0 and 2.0): 501–990.
    PLUS Score: 330-830.
    TransRisk Score: 100-900.
    Equifax Credit Score: 280–850
    [/quote]

    October 8, 2015 at 6:31 PM #790084
    joec
    Participant

    The fine print should show which reporting agency the number is from…I see this FICO Score now on all our credit cards. It’s nice to get it for free.

    October 10, 2015 at 10:27 AM #790112
    Hatfield
    Participant

    [quote=joec]The fine print should show which reporting agency the number is from…I see this FICO Score now on all our credit cards. It’s nice to get it for free.[/quote]

    Where do you see these scores? I don’t see them on my Citibank or Capital One statements.

    October 10, 2015 at 6:21 PM #790120
    moneymaker
    Participant

    I get it from Discover and I think it is pretty accurate. Just asked them for a limit bump and felt insulted when they came back with a $500 dollar bump, oh well whatever! I guess I can see if there is a measurable difference next month as that is the only card I have a balance on.
    Just checked Amex and they are giving me 1 point higher than Discover, maybe that is from the $500 limit bump.

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • You must be logged in to reply to this topic.