topic Re: What does "bank card" refer to here? in Understanding FICO® Scoring

What does "bank card" refer to here?

Anonymous — Thu, 25 Sep 2008 23:05:56 GMT

One of the sentences you get in your Score Watch report looks like this:

"Number of credit cards: FICO High Achievers have an average of 4 to 5 credit cards (including open and closed cards, bank cards and department store cards)."

What are the bank cards this quote refers to? Do they mean debit cards? And are debit cards ever reported to CRAs?

Re: What does "bank card" refer to here?

Anonymous — Thu, 25 Sep 2008 23:24:56 GMT

Major credit cards as opposed to store/gas cards. Visa, MC, etc.

Re: What does "bank card" refer to here?

Anonymous — Fri, 26 Sep 2008 00:04:35 GMT

Visa, Mastercard, Discover, Amex.

Message Edited by ilovepizza on 09-25-2008 08:04 PM

Re: What does "bank card" refer to here?

Anonymous — Fri, 26 Sep 2008 00:29:29 GMT

OK, thanks guys. I always thought "bank card" referred to debit cards with the visa/mc logo, but thanks for the explanation.

Re: What does "bank card" refer to here?

Anonymous — Fri, 26 Sep 2008 15:13:38 GMT

debit cards are not a part of FICO scoring.