Chase Experian FICO Score Clarification

[Anonymous]

I was approved for a CSP the other week and received a letter from Chase with my FICO score in it. I was a little confused by the score as I did not think I was anywhere near this level. It says the scoring system name is FICO Score, Source: Experian, and my score was 809. Am I missing something here? Did they up the recent credit score amounts or what is going on? Thanks for the clarification. 

[Anonymous]

Up the recent credit score amounts how exactly? The highest on the FICO scale is 850 so you havent surpassed that. 809 is your EX FICO score.

[Anonymous]

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@Anonymous wrote:
Up the recent credit score amounts how exactly? The highest on the FICO scale is 850 so you havent surpassed that. 809 is your EX FICO score.

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I know I have not surpassed that, but I have never been anywhere near that level before. Below the score it says "Scores calculated using this source can range from a low of 250 to a high of 900 (higher scores are better)." I was just wondering if this meant the scale had expanded by 50 points. 

[SouthJamaica]

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@Anonymous wrote:

I was approved for a CSP the other week and received a letter from Chase with my FICO score in it. I was a little confused by the score as I did not think I was anywhere near this level. It says the scoring system name is FICO Score, Source: Experian, and my score was 809. Am I missing something here? Did they up the recent credit score amounts or what is going on? Thanks for the clarification. 

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Did it say which FICO model it was using? FICO 8, FICO Bankcard 8, etc?

The FICO Bankcard 8 model uses 900 points, rather than 850.

[SouthJamaica]

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@Anonymous wrote:

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@Anonymous wrote:
Up the recent credit score amounts how exactly? The highest on the FICO scale is 850 so you havent surpassed that. 809 is your EX FICO score.

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I know I have not surpassed that, but I have never been anywhere near that level before. Below the score it says "Scores calculated using this source can range from a low of 250 to a high of 900 (higher scores are better)." I was just wondering if this meant the scale had expanded by 50 points. 

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Maybe it's one of the Bankcard models, rather than FICO 8.

[Anonymous]

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@SouthJamaica wrote:

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@Anonymous wrote:

I was approved for a CSP the other week and received a letter from Chase with my FICO score in it. I was a little confused by the score as I did not think I was anywhere near this level. It says the scoring system name is FICO Score, Source: Experian, and my score was 809. Am I missing something here? Did they up the recent credit score amounts or what is going on? Thanks for the clarification. 

---

Did it say which FICO model it was using? FICO 8, FICO Bankcard 8, etc?

The FICO Bankcard 8 model uses 900 points, rather than 850.

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It does not state which FICO model it is using or if it is a Chase Bank model. 

[Thomas_Thumb]

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@Anonymous wrote:

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@Anonymous wrote:
Up the recent credit score amounts how exactly? The highest on the FICO scale is 850 so you havent surpassed that. 809 is your EX FICO score.

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I know I have not surpassed that, but I have never been anywhere near that level before. Below the score it says "Scores calculated using this source can range from a low of 250 to a high of 900 (higher scores are better)." I was just wondering if this meant the scale had expanded by 50 points. 

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It means they are using the Fico 08 Bankcard model which ranges from 250 to 900 as opposed to the Fico 08 Classic model which ranges from 300 to 850. Citi also reports Fico 8 bankcard score [as opposed to Fico 8 Classic]. Many CC issuing banks use the bankcard enhanced model in decisioning so it makes sense that the report that score.

Provided below is a link to information on score distribution percentiles for different credit scoring models

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-versions-and-variations/m-p/4553382#M107982