Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?

[Anonymous]

Julie5 and BBS, Blispay didn't like my high real estate debt...

[Anonymous]

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@Anonymous wrote:
Julie5 and BBS, Blispay didn't like my high real estate debt...

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So your reason given was that the percentage of your mortgage to the original balance is too high?

[LilyBee]

What, pray tell, is a Blispay card, and why is it different from other cards?

[Ubuntu]

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@LilyBee wrote:

What, pray tell, is a Blispay card, and why is it different from other cards?

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Note: I have no association with Blispay I was just interested and decided to write this post. This was pieced together from several articles and may have mistakes in it.
 
Blispay is a some sort of new credit card. It has no annual fee, a Visa logo, and can be used anywhere that Visa is accepted.
 
It acts as a normal Visa card but has a special 6 month financing option which allows any merchant that signs up with them to offfer financing to their customers. Apparently customers can sign up from their phones and use it immeditately in the store.
 
This is directly from their site:
 
"Blispay is the only credit card that gives you No Payments No Interest on all purchases over $199 if paid in full in 6 months everywhere Visa® cards are accepted. Interest will be charged to your account at your APR of 19.99% from the posting date if the purchase balance is not paid in full in six months. Your account has a minimum interest charge of $2.00 and a 3% foreign transaction fee.
 
Enjoy 2% Cash Back on all purchases! Don't worry about rotating categories or tricky redemption rules like most credit cards. Blispay gives you 2% Cash Back on all purchases via an automatic statement credit each statement period."
 
Blispays main business model it to function as a store card for merchants that want to offer financing to their customers, presumably on items over $199. I believe they get a small fee or small percentage of the sale but they make most of their money from interest paid by people that don't pay things off in 6 months. This is from their Merchant page:
 
"Blispay allows you to provide a base financing offering for no additional costs above and beyond the standard credit card fees you already have factored into your budget. Traditional financing options are expensive. Sure, they enable you to increase sales but they add to your costs at the same time.
 
Blispay is the most cost-effective way to provide financing to your customers. Blispay funds you and accepts the transaction risk just like major credit cards."
 
Apparently, for the $199 and up purchases, when you use it Visa pays the merchant but then a bank in Utah named First Electronic Bank pays back Visa. After that Blispay buys the debt from First Electronic Bank and considers them a loan which they then bill the customer for. Visa and First Electronic Bank make money on transaction fees.
 
I'm not sure how it works when you buy smaller items.
 
The founder is a guy named Gregory Lisiewski who was the "Head of Global Credit" at PayPal and also a Vice President at Bill Me Later and MBNA Bank.

It seems a little too good to be true to me but who knows.

[Anonymous]

Did they ask your mortgage loan to value?
They only ask me if I rent or own?

[LilyBee]

Thank you, Ubuntu, for that information.  Even if you just skimmed the surface, it sounds to me that Blispay is likened to the "companies" that lend people cash for their car titles and charge insurmountable interest fees if they don't pay back the money within a certain time frame.  The only difference is they issue a 'credit card' with a Visa logo.  Woebetide those who don't pay off the loan before interest kicks in!

At least, that's what it looks like to me.

[Anonymous]

A couple months old, but this is off my Discover account.

It's been at 845 the last few months, but I did hit 849 earlier.

Discover FICO

*There's no way to link images?

[Anonymous]

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@Anonymous wrote:

A couple months old, but this is off my Discover account.

It's been at 845 the last few months, but I did hit 849 earlier.

Discover FICO

*There's no way to link images?

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Soooo close

Hope you make it

[Anonymous]

Thanks, but I'm wondering if my new car loan will lower my credit score.

Since it's already up there, there's only one way for my score to go...and that's down.

[Thomas_Thumb]

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@adavis425 wrote:

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@Vivian187 wrote:

II'm happy to say I have a high FICO score of 866 and my lowest score is 844 cc utilization is 9%.

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This is probably a FAKO score. FICO tops out at 850. Did you get them here?

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It could certainly be a Fico score

A) Fico enhanced scores go to 900 (Bankcard and Auto).

* Citi credit cards report Bankcard Fico 08 score

B) Fico next gen II score goes to 950.

The only non Fico score I know of that goes above is TransUnion New Accounts 3.0 (previously used by Cap One). Reportedly all of the Cap One accounts now report VantageScore 3.0 but, who knows for sure.

Again non Fico score with max above 850:

a) TU New account score 3.0, max = 950

Other non Fico credit scores top out and 850 or below. Examples include:

1) VantageScore 3.0, max = 850

2) CreditXpert, max = 850

3) CE score, max = 850

4) Experian NE, max = 840

5) Experian plus, max = 830

6) Equifax, max = 850