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Do other lenders know if you have a"siggy" card?

Community Leader
Super Contributor

Do other lenders know if you have a"siggy" card?

Curious to know....

 

if you have lets say a Visa siggy or a world MC, and it's not stated as such on the credit reports, do other lenders know that you have a siggy card??

 

Do all lenders get on a list of consumers who have these types of cards, so they can solicit their card to those who are on the siggy list?? Is there a siggy list? 

 

Just curiousSmiley Happy

(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
2 REPLIES
Senior Contributor

Re: Do other lenders know if you have a"siggy" card?


pizza1 wrote:

Curious to know....

 

if you have lets say a Visa siggy or a world MC, and it's not stated as such on the credit reports, do other lenders know that you have a siggy card??

 

Do all lenders get on a list of consumers who have these types of cards, so they can solicit their card to those who are on the siggy list?? Is there a siggy list? 

 

Just curiousSmiley Happy


Unfortunately, no they can't tell who has a Signature or WMC/WEMC card.  Lenders can however discern from the CRAs accounts that are NPSL or Flexible Spending Lines...They can see the CLs, but no lender under manual review is going to ask..."oh, is that a Signature card?"

 

Signature or WMC/WEMC cardholder lists are not cross-shared amongst member banks.  Only the member banks have access to their own account holders that have either loyalty card version and which is also provided to Visa or MasterCard for benefits information, such as concierge services, car rental programs, entertainment experiences, etc.

Community Leader
Super Contributor

Re: Do other lenders know if you have a"siggy" card?

Thanks finstar!!Smiley Happy)
(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink