cancel
Showing results for 
Search instead for 
Did you mean: 

What exactly is enhanced in a credit card - enhanced FICO score?

Blogger

What exactly is enhanced in a credit card - enhanced FICO score?

The Equifax scores credit card lenders give me have been consistently higher than my Equifax ScoreWatch (Beacon 5.0) scores. I'd love to be able to predict my credit card - enhanced score for future applications. Any input would be appreciated. 

Message 1 of 6
5 REPLIES
Epic Contributor

Re: What exactly is enhanced in a credit card - enhanced FICO score?

When it is an enhanced score, auto or bankcard, those types of accounts are weighted more heavily than they normally would be with a regular score.  How they do that I don't think anyone can tell you.  And as usual, your entire credit profile is dependent on the outcome.

Message 2 of 6
Blogger

Re: What exactly is enhanced in a credit card - enhanced FICO score?

So if you don't have an auto loan but do have credit cards and mortgages, how would your auto-enhanced score differ from the base score? 

Message 3 of 6
Epic Contributor

Re: What exactly is enhanced in a credit card - enhanced FICO score?

They would probably score you lower for never having had an auto loan.  Same with a CC enhanced score.

 

A rejection reason could be insufficient auto trade experience.  Of course, again, YMMV.

Message 4 of 6
Valued Contributor

Re: What exactly is enhanced in a credit card - enhanced FICO score?


guiness56 wrote:

When it is an enhanced score, auto or bankcard, those types of accounts are weighted more heavily than they normally would be with a regular score.  How they do that I don't think anyone can tell you.  And as usual, your entire credit profile is dependent on the outcome.


OR.....rather than "enhanced", it could simply be the difference between the Beacon 5.0 here and the Beacon 9.0 that lender may have pulled.

EX = 849 EQ = 850 TU = 850 as of 07/2017
Retired and Retiring Cards!
Message 5 of 6
Epic Contributor

Re: What exactly is enhanced in a credit card - enhanced FICO score?


thom02099 wrote:

guiness56 wrote:

When it is an enhanced score, auto or bankcard, those types of accounts are weighted more heavily than they normally would be with a regular score.  How they do that I don't think anyone can tell you.  And as usual, your entire credit profile is dependent on the outcome.


OR.....rather than "enhanced", it could simply be the difference between the Beacon 5.0 here and the Beacon 9.0 that lender may have pulled.


True.  But the question was specifically about enhanced scores, not the differences between Beacon 5 and 9.

Message 6 of 6