Reply
Established Member
Posts: 18
Registered: ‎10-12-2009
0

credit score needed for AAFES?

How can I find out what the required credit score is in order to get a military star card?

Moderator
Posts: 17,419
Registered: ‎07-14-2009
0

Re: credit score needed for AAFES?


rme1220 wrote:

How can I find out what the required credit score is in order to get a military star card?


Call them and ask? I'm not sure if they would tell you over the phone but it's worth trying.

Frequent Contributor
Posts: 380
Registered: ‎11-18-2007
0

Re: credit score needed for AAFES?


rme1220 wrote:

How can I find out what the required credit score is in order to get a military star card?


Unless you have some serious derogs on your report, you will get approved.  You have to remember, they approve almost everyone and the majority are 18 - 22 with a short credit history. 


Current Score: EX 718 EQ 689 TU 757 23 Jun 13
Goal Score: 760 across the board by Jul 14


Take the FICO Fitness Challenge
New Visitor
Posts: 1
Registered: ‎11-02-2009
0

Re: credit score needed for AAFES?

The Army and Air Force Exchange Service uses a systematic and automated process of granting credit and credit limit increases which is based off of information returned from the credit bureau and custom scoring credit risk models built by Fair Isaac Corporation, the originator of the FICO score and the leader in decision management driven by advanced analytics.The initial granting of credit is solely based on information in the application, that include debt to income ratio and past payment history. Factors such as gender,  race, religion, nationality, marital status are not considered in credit scoring. Lenders using credit scoring, by law, cannot use personal feelings to determine risk. They can only focus on facts related to credit risk.The granting of credit limit increases is based off of customer behavior with the current line of credit they received. Factors such as months since delinquency, maximum delinquency  and months since payment are just a few.At the request of the consumer, applications previously declined, may be manually reviewed and reevaluated for credit. During this review process, the agent may request a credit report from an alternate credit bureau reporting agency and compare information reported by each bureau and the application score calculated by the scorecard process. AAFES is not in the position to determine the validity of the information returned by any credit bureau reporting agency.
Regular Contributor
Posts: 239
Registered: ‎07-04-2007
0

Re: credit score needed for AAFES?

You would do better getting an account at USAA. I have had my DPP card going on 17 yrs now. It's an ok program. You wont get turned down unless you have low income (low rank) + baddies on your record.

 

Good luck Smiley Happy

TU - 613 EQ - 621 EX - 617 as of 5 June 2015
Established Contributor
Posts: 595
Registered: ‎09-13-2009
0

Re: credit score needed for AAFES?


rme1220 wrote:

How can I find out what the required credit score is in order to get a military star card?


You will pretty much get approved as long as you do not have too many baddies.  My buddy just applied for one and he has little to no credit history, and he got approved for $1900.  When i first applied, I had 0 credit history and started off with $700 limit.  This is my oldest account and since the 2 years I have had it, I have gotten automatic CLI to $5150 and now stands as my highest CL on my cards.  Smiley Happy

Highlighted
Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: credit score needed for AAFES?


AAFES wrote:
The Army and Air Force Exchange Service uses a systematic and automated process of granting credit and credit limit increases which is based off of information returned from the credit bureau and custom scoring credit risk models built by Fair Isaac Corporation, the originator of the FICO score and the leader in decision management driven by advanced analytics.The initial granting of credit is solely based on information in the application, that include debt to income ratio and past payment history. Factors such as gender,  race, religion, nationality, marital status are not considered in credit scoring. Lenders using credit scoring, by law, cannot use personal feelings to determine risk. They can only focus on facts related to credit risk.The granting of credit limit increases is based off of customer behavior with the current line of credit they received. Factors such as months since delinquency, maximum delinquency  and months since payment are just a few.At the request of the consumer, applications previously declined, may be manually reviewed and reevaluated for credit. During this review process, the agent may request a credit report from an alternate credit bureau reporting agency and compare information reported by each bureau and the application score calculated by the scorecard process. AAFES is not in the position to determine the validity of the information returned by any credit bureau reporting agency.

Hi, welcome to the forums!

You appear to have some sort of official connection with AAFES. We're delighted to have you here, but if you don't mind, would you please send a pm to Barry, the myFICO admin for the boards, and let him know that you're here?

Thanks!
--haulingthescoreup, myFICO forums moderator
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

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.