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Best Buy, Capital One Card & Different Scoring system.

Valued Member

Best Buy, Capital One Card & Different Scoring system.

About a week ago, I applied for Best Buy credit, turns out Capital One issues their credit cards. Well soon after getting approved I received a letter from Capital One, informing me that I was approved and it also gave me a credit score. This credit score freaked me out, because it read 274! And my fico score is 679! As I kept reading turns out that their scoring system is roughly from 130 to a maximum of 298. Is anyone familiar with this scoring system? If so why did I only get approved for a 600 limit, if by the looks of it 274 out of 298 is pretty good. Isn't?


Starting Score: EQ 630 On 02/05/13 TU 695 on 02/20/13
Current Score: EQ 679 On 02/16/13
Goal Score: 750


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9 REPLIES
Established Contributor

Re: Best Buy, Capital One Card & Different Scoring system.

huh...I have never run into this one.  Be interested to see what folks think.


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Valued Contributor

Re: Best Buy, Capital One Card & Different Scoring system.

Wow, new to me too.  Interesting.

3-26-15: FICO EXP: 828 - EQU:820 - TRAN: 828 - AVG: 825 +275 points from JUN 2008 - MY CREDIT JOURNAL

Valued Contributor

Re: Best Buy, Capital One Card & Different Scoring system.

That scoring range is something new to me as well. As for the CL did you have high util when you applied? Did you call in and try to recon the limit? Best Buy is currently through C1 but Citi will be taking over later in the year. Congrats on the approval!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Valued Contributor

Re: Best Buy, Capital One Card & Different Scoring system.

That is new to me as well. When my card arrived in the mail it had a score of 679 on one of the letters.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Moderator Emeritus

Re: Best Buy, Capital One Card & Different Scoring system.

Add me to the list of those who are flabbergastered... I've never seen such a scoring system, either!


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

Re: Best Buy, Capital One Card & Different Scoring system.

When I append for BB, the range they gave me was 302 on a scale of 102 to 352. I had a 716 EQ here at the time. Initial limit was 2500.

Frequent Contributor

Re: Best Buy, Capital One Card & Different Scoring system.

I applied about two weeks ago when I received my card had the same letter I have been trying to figure it out also. But the letter I got I believe said from 115 to 3something but I will have to check again when I get home.

Valued Member

Re: Best Buy, Capital One Card & Different Scoring system.

I Dont know guys, but thats what the letter said. I hope anyone out there (in here) have some information, Im curious. 


Starting Score: EQ 630 On 02/05/13 TU 695 on 02/20/13
Current Score: EQ 679 On 02/16/13
Goal Score: 750


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Highlighted
Frequent Contributor

Re: Best Buy, Capital One Card & Different Scoring system.

Just checked my letter it says 102-352 is the range . I wonder why the ranges would vary from one person's letter to another.