topic Credit cards That Run Fico 9 Equifax in Credit Cards

Credit cards That Run Fico 9 Equifax

Anonymous — Wed, 02 Oct 2019 21:55:18 GMT

I’m going into the garden soon but want to try one more card that runs only E9 score. My score is really good (728) so trying to nab 1 more approval before gardening for next 6-12 months. I already have PenFed Power Cash and Navy Fed Amex both approved last month. Trying to squeeze 1 more high SL card. Any feedback is appreciated. Thanks.

Re: Credit cards That Run Fico 9 Equifax

mikesonthemend — Wed, 02 Oct 2019 22:48:51 GMT

The "Which Banks Pull Which Report For Apps" list - myFICO® Forums - 5542910

Re: Credit cards That Run Fico 9 Equifax

tcbofade — Wed, 02 Oct 2019 23:41:40 GMT

PenFed is the only one that I know of... I'm sure that there are others, but I have no idea who that might be.

Re: Credit cards That Run Fico 9 Equifax

Aim_High — Thu, 03 Oct 2019 00:28:35 GMT

@mikesonthemend wrote:
The "Which Banks Pull Which Report For Apps" list - myFICO® Forums - 5542910

^ ^ ^ T H I S .... great thread to have bookmarked if you're apping.

@Credit_is_Crack has been updating it.

Shouldn't matter if EQ Fico 9 or 8 as they are both very similar from my observation. So if you're good on one you should be pretty close on the other.

So that being said, here are some EQ pull options (FICO 8/9):

* PenFed ... as you noted, plus ...

HSBC (*Cash Rewards MC has 3% SUB on 1st $10K spend)

Discover (if you have a prequal) - IT Miles which pays out as a cashback card pays essentially 3% back on first year with no spending cap!

BB&T ... could even be a SOFT PULL (No SUB but low apr, cash rewards, and travel rewards cards)

Citizen's Bank

Chartway (not Charterway) FCU

Langley FCU

Synovus

Re: Credit cards That Run Fico 9 Equifax

jbestman007 — Thu, 03 Oct 2019 02:09:07 GMT

@Aim_High wrote:
@mikesonthemend wrote:
The "Which Banks Pull Which Report For Apps" list - myFICO® Forums - 5542910
^ ^ ^ T H I S .... great thread to have bookmarked if you're apping.
@Credit_is_Crack has been updating it.

Shouldn't matter if EQ Fico 9 or 8 as they are both very similar from my observation. So if you're good on one you should be pretty close on the other.

The difference between Fico 9 and 8 can be great if you have medical collections on your file. FICO 9 scrubs medical collections.

Re: Credit cards That Run Fico 9 Equifax

Anonymous — Thu, 03 Oct 2019 02:14:39 GMT

Thanks.

Re: Credit cards That Run Fico 9 Equifax

Remedios — Thu, 03 Oct 2019 02:25:34 GMT

FICO 9 still has scoring penalty for unpaid medical collections, however, it's lessened compared to earlier scoring versions.

Re: Credit cards That Run Fico 9 Equifax

jbestman007 — Thu, 03 Oct 2019 02:54:19 GMT

@Remedios wrote:
FICO 9 still has scoring penalty for unpaid medical collections, however, it's lessened compared to earlier scoring versions.

Correct. Even more significant are paid collections. They are completely ignored in the 9 model. To which I say, common sense has prevailed.

Re: Credit cards That Run Fico 9 Equifax

Remedios — Thu, 03 Oct 2019 03:04:33 GMT

Yes and no. Score is just a numerical interpretation of CR. Each lender in return "interprets" data gained from HP/SP, and depending on how their internal scoring algorithm weighs each particular segment on CR, it may or may not be an issue
That's why you see "OMG denied with 800 Fico" and "Yay approved with 630".
That's a conversation for different thread and different part of the forum.

OP has actively been seeking credit lately with quite a few denials, so I'd focus on that aspect if I were her.

Re: Credit cards That Run Fico 9 Equifax

mikesonthemend — Thu, 03 Oct 2019 03:06:34 GMT

@jbestman007 wrote:
@Remedios wrote:
FICO 9 still has scoring penalty for unpaid medical collections, however, it's lessened compared to earlier scoring versions.

Correct. Even more significant are paid collections. They are completely ignored in the 9 model. To which I say, common sense has prevailed.

This is not my experience. I have a medical collection on my record and my Fico 8 is 40 points higher than Fico 9. This may be due to Fico 9 giving credit seeking more weight, IDK.