"All Bankcard" balance change

Anonymous · ‎09-07-2017

I just got an alert on Myfico today that my "All bankcard" balance had changed. I got a 5 point bump for this. I have about 25% more overall credit card debt than what they stated as the balance. However, the balance they stated was similar to my visa/mastercard non-store card balances. Is this a factor with Transunion? Do they really separate the card types like that? I thought they were all combined. Maybe this is new with FICO 9..

Thanks!

SouthJamaica · ‎09-07-2017

@Anonymous wrote:
I just got an alert on Myfico today that my "All bankcard" balance had changed. I got a 5 point bump for this. I have about 25% more overall credit card debt than what they stated as the balance. However, the balance they stated was similar to my visa/mastercard non-store card balances. Is this a factor with Transunion? Do they really separate the card types like that? I thought they were all combined. Maybe this is new with FICO 9..

Thanks!

1. You don't know that your 'bump' in score is or is not connected to the All Bankcard total balance alert.

2. I have always got that "All Bankcard" wording from TU. And it seems to refer to all of my credit cards (and none of my lines of credit).

I can't answer your question about store cards, though, because I don't have any. But I don't see why a store card wouldn't be considered a bank card, since it's invariably issued by a bank.

Unify FCU Platinum Visa Variable Rate 35k

TD Bank Business Solutions Visa (Bus) 25k

FNBO Evergreen Business Edition Visa (Bus) 20k

Liberty (formerly Evansville Teachers) FCU Platinum Prime Plus MC 15k

US Bank Triple Cash Rewards Visa (Bus) 12k

SEG-fenced credit union Platinum Visa 10500

Comenity AAA Travel Advantage Visa $6200

Members 1st FCU Low Rate Platinum Visa 5k

PLOC: Langley FCU 40k; Penfed CU 15k; NFCU 15k; Teachers FCU 15k; Affinity FCU 10k. BLOC: NFCU 5k

Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 687

iheartwings · ‎09-07-2017

@SouthJamaica wrote:
@Anonymous wrote:
I just got an alert on Myfico today that my "All bankcard" balance had changed. I got a 5 point bump for this. I have about 25% more overall credit card debt than what they stated as the balance. However, the balance they stated was similar to my visa/mastercard non-store card balances. Is this a factor with Transunion? Do they really separate the card types like that? I thought they were all combined. Maybe this is new with FICO 9..

Thanks!
1. You don't know that your 'bump' in score is or is not connected to the All Bankcard total balance alert.
2. I have always got that "All Bankcard" wording from TU. And it seems to refer to all of my credit cards (and none of my lines of credit).

I can't answer your question about store cards, though, because I don't have any. But I don't see why a store card wouldn't be considered a bank card, since it's invariably issued by a bank.

I think the "All Bankcard" wording is something specific to TU and gets away from alerts for each individual account updating each month, unlike the other two CB that report "The balance on one of your accounts has increased/decreased by $xxx." I have no lines of credit, and it does not include store cards.

I also get random "Your score has decreased from xxx to xxx." or "Your score has increased from xxx to xxx." that has no reason to trigger. Maybe it's the phase of the moon.

FWIW, as for store cards, I let a balance once report on my Target card last November (prior to the upgrade). TU reports these separately - as "The toal balance on all your Retail Trades account(s) has changed. This amount is a sum of all Retail Trades balances."