topic Re: What score version does Citi use? in Credit Cards

What score version does Citi use?

Anonymous — Mon, 21 Aug 2017 12:49:32 GMT

Anyone know which score version Citi uses for processing applications? I see that the FICO score they provide with my Aadvantage card says that it is based on Equifax FICO bankcard score. I'd like to get the Costco card since I just became a member there but my Equifax is looking a little bit better that my Experian. Especially in the "recent inquiries" area (2 vs.8). My bankcard scores are also higher across the board. Anybody have any insight? Thanks much in advance!

Re: What score version does Citi use?

bigpoppa09 — Mon, 21 Aug 2017 13:32:14 GMT

@Anonymous wrote:
Anyone know which score version Citi uses for processing applications? I see that the FICO score they provide with my Aadvantage card says that it is based on Equifax FICO bankcard score. I'd like to get the Costco card since I just became a member there but my Equifax is looking a little bit better that my Experian. Especially in the "recent inquiries" area (2 vs.8). My bankcard scores are also higher across the board. Anybody have any insight? Thanks much in advance!

BankCard 08

Re: What score version does Citi use?

Anonymous — Mon, 21 Aug 2017 13:33:56 GMT

@bigpoppa09 wrote:
@Anonymous wrote:
Anyone know which score version Citi uses for processing applications? I see that the FICO score they provide with my Aadvantage card says that it is based on Equifax FICO bankcard score. I'd like to get the Costco card since I just became a member there but my Equifax is looking a little bit better that my Experian. Especially in the "recent inquiries" area (2 vs.8). My bankcard scores are also higher across the board. Anybody have any insight? Thanks much in advance!
BankCard 08

Thank you kindly!

Re: What score version does Citi use?

bigpoppa09 — Mon, 21 Aug 2017 13:45:58 GMT

@Anonymous wrote:
@bigpoppa09 wrote:
@Anonymous wrote:
Anyone know which score version Citi uses for processing applications? I see that the FICO score they provide with my Aadvantage card says that it is based on Equifax FICO bankcard score. I'd like to get the Costco card since I just became a member there but my Equifax is looking a little bit better that my Experian. Especially in the "recent inquiries" area (2 vs.8). My bankcard scores are also higher across the board. Anybody have any insight? Thanks much in advance!
BankCard 08
Thank you kindly!

U welcome goodluck.

Re: What score version does Citi use?

Anonymous — Mon, 21 Aug 2017 14:43:01 GMT

I wondered why they said they used my Experian and my score was 710. Wonder why my BankCard08 is higher. Who else uses this score?

Edit: Looks like this focuses on credit cards more. As I have no negative credit card payment history it makes sense it is higher.

Re: What score version does Citi use?

Anonymous — Mon, 21 Aug 2017 15:05:41 GMT

Just because Citi provides the FICO 08 Equifax Bankcard score to customers does not mean that that is what they solely use for credit decisions, including credit cards. If that was the case then they would not also pull other bureaus like Experian. Be assured that more goes into their decision than the score provided to us on their website.

Re: What score version does Citi use?

JR_TX — Mon, 21 Aug 2017 20:41:36 GMT

They dp me when they declined me last year for their Costco Visa. EX and EQ both FICO 8 (NOT Bankcard 8).

Re: What score version does Citi use?

ridgebackpilot — Mon, 21 Aug 2017 20:58:41 GMT

Citi pulled Experian when I applied for the Costco VISA card earlier this month. Like many credit card issuers, Citi seems to pull different bureaus in different parts of the country...

Re: What score version does Citi use?

pip3man — Fri, 25 Aug 2017 09:32:55 GMT

@ridgebackpilot wrote:
Citi pulled Experian when I applied for the Costco VISA card earlier this month. Like many credit card issuers, Citi seems to pull different bureaus in different parts of the country...

Exactly what bureau is selected for credit decisioning is based on two factors - cost and accuracy of data. In markets where there are plenty of data suppliers, the most cost efficient and reputable for providing timely and accurate data is used. In cases where more than one is pulled that's because the primary bureau pulled in that market isn't preferred so a secondary bureau is needed to support and check for additional information that may not be in the primary one.

Re: What score version does Citi use?

pip3man — Fri, 25 Aug 2017 09:46:39 GMT

@Anonymous wrote:
Just because Citi provides the FICO 08 Equifax Bankcard score to customers does not mean that that is what they solely use for credit decisions, including credit cards. If that was the case then they would not also pull other bureaus like Experian. Be assured that more goes into their decision than the score provided to us on their website.

This is absolutely true. Applications for credit are ONLY approved based on these primary factors. The customer's ATP (ability-to-pay) and PTR (probability-to-repay). The ATP is determined by existing debt and income whereas the PTR is measured by the presence of charge offs, bankruptcy, late payments, collections that may be listed on the consumer's credit report. In addition to this, customer must also be able to meet the cut off score for the particular product they're applying for.

Re: What score version does Citi use?

CreditMagic7 — Sat, 26 Aug 2017 00:43:09 GMT

@Anonymous wrote:
Just because Citi provides the FICO 08 Equifax Bankcard score to customers does not mean that that is what they solely use for credit decisions, including credit cards. If that was the case then they would not also pull other bureaus like Experian. Be assured that more goes into their decision than the score provided to us on their website.

Absolutely. In fact they recently pulled Equifax FICO 8 (not bankcard 8) when i contacted the EO for a credit line reallocation.

Also looks to me like it helped on my 6 month SP CLI results too since those are usually set at $1.3K but since they pulled FICO genuine 8 i ended up with a better increase.

Haven't checked my EX in awhile but Citicards usually has pulled both EX + EQ Fico 8 for my new card approvals with them as a habit.

Re: What score version does Citi use?

SouthJamaica — Sat, 26 Aug 2017 01:12:25 GMT

@Anonymous wrote:
Anyone know which score version Citi uses for processing applications? I see that the FICO score they provide with my Aadvantage card says that it is based on Equifax FICO bankcard score. I'd like to get the Costco card since I just became a member there but my Equifax is looking a little bit better that my Experian. Especially in the "recent inquiries" area (2 vs.8). My bankcard scores are also higher across the board. Anybody have any insight? Thanks much in advance!

In my case they pulled Experian, both for credit card application and for hard pull credit limit increase requests.

Re: What score version does Citi use?

Anonymous — Sat, 26 Aug 2017 03:34:04 GMT

Wait does Citi HP for Costco CLI or is it a requestable/secondary pull for people wanting more or borderline on a SP? Had it in my notes that citi was a SP and want to make sure before I hit the button once my account hits 6mo.

Re: What score version does Citi use?

pip3man — Sat, 26 Aug 2017 11:22:04 GMT

@Anonymous wrote:
Wait does Citi HP for Costco CLI or is it a requestable/secondary pull for people wanting more or borderline on a SP? Had it in my notes that citi was a SP and want to make sure before I hit the button once my account hits 6mo.

Customers are generally eligible to be included in the bank initiated credit line increase program 6 months after account opening. Some line of business however may allow/initiate the increase within 3-4months of account opening depending on the customer's behavioral score and in cases where a judgmental based decisioning was used