Does the quality of the card effect your credit rating?

[applepie]

As an example when you move from credit re-building cards to a signature Visa, does this have any impact on credit scores or how lenders or other credit card companies view you?

[Anonymous]

No. The brand or prestige associated with a card does not affect your credit score.

I don't think it affects most lenders' decisions either, unless the card is with the same company, since it is usually not very indicative of the actual credit risk you pose. It is, however, a known factor for targeted marketing based on your credit report (if you did not opt out).

[Anonymous]

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@applepie wrote:

As an example when you move from credit re-building cards to a signature Visa, does this have any impact on credit scores or how lenders or other credit card companies view you?

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No, but an issuer and their limits may have influence on manual review.

[ddemari]

Exactly, the system wont play favorites but aN UW might judge the quality of cards.

[Thomas_Thumb]

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@Anonymous wrote:

No. The brand or prestige associated with a card does not affect your credit score.

I don't think it affects most lenders' decisions either, unless the card is with the same company, since it is usually not very indicative of the actual credit risk you pose. It is, however, a known factor for targeted marketing based on your credit report (if you did not opt out).

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The key factor in credit scores is credit utilization % both on a per card basis and an aggregate basis. So, higher credit limits (often associated with "prestige cards") will drive down % utilization which, in turn, can help increase score.

For top scores keep: (overall reported balance)/(total combined CC credit limit) under 10%. Best to focus on credit limits not necessarily prestige cards.

[Anonymous]

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@Anonymous wrote:

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@applepie wrote:

As an example when you move from credit re-building cards to a signature Visa, does this have any impact on credit scores or how lenders or other credit card companies view you?

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No, but an issuer and their limits may have influence on manual review.

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or types of issuers and current limits impacting approval... chase bank sure did like crapping all over my cards telling me I had most sub prime cards....

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@applepie wrote:

As an example when you move from credit re-building cards to a signature Visa, does this have any impact on credit scores or how lenders or other credit card companies view you?

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No, but an issuer and their limits may have influence on manual review.

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or types of issuers and current limits impacting approval... chase bank sure did like crapping all over my cards telling me I had most sub prime cards....

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lol. what do you mean by them crapping all over your cards? XD that made me chuckle a bit.

[Revelate]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@applepie wrote:

As an example when you move from credit re-building cards to a signature Visa, does this have any impact on credit scores or how lenders or other credit card companies view you?

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No, but an issuer and their limits may have influence on manual review.

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or types of issuers and current limits impacting approval... chase bank sure did like crapping all over my cards telling me I had most sub prime cards....

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lol. what do you mean by them crapping all over your cards? XD that made me chuckle a bit.

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Guessing during a recon.

There's been notable examples from Amex and others where First Premier / Credit One / similar on one's reports have lead to denials as an example.  It's best to just skip those if possible, but if you aren't spoiling for choice, you take what you can get.

[NRB525]

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@applepie wrote:

As an example when you move from credit re-building cards to a signature Visa, does this have any impact on credit scores or how lenders or other credit card companies view you?

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No impact on credit score. An on time payment to a card that charges you fees for breathing counts as an on-time payment.

Yes, it can affect how other manual review looks at your file, but as long as you are on-time payments for all cards, it's a quick check and on to the better cards.