topic premium bankcard accounts in General Credit Topics

premium bankcard accounts

Anonymous — Tue, 12 Jun 2007 20:42:30 GMT

I got a message in the negative factors section in my TU report saying "Not enough Premium Bankcard accounts" What does this mean? Premium Bankcard Accounts? What are those? I looked up things on the internet and could not find any answers

Re: premium bankcard accounts

Tuscani — Tue, 12 Jun 2007 20:43:50 GMT

Just means credit card.

Re: premium bankcard accounts

MidnightVoice — Tue, 12 Jun 2007 20:50:45 GMT

premium ones, not sub prime ones

Re: premium bankcard accounts

Tuscani — Tue, 12 Jun 2007 20:57:32 GMT

MidnightVoice wrote:

premium ones, not sub prime ones

FICO does not distinguish between prime and sub prime for CCs.

Re: premium bankcard accounts

MidnightVoice — Tue, 12 Jun 2007 21:00:31 GMT

Tuscani wrote:

MidnightVoice wrote:
premium ones, not sub prime ones

FICO does not distinguish between prime and sub prime for CCs.

There are several other things that FICO cannot distinguish between. But to mention them would be impolite, and probably against the TOS

Re: premium bankcard accounts

Tuscani — Tue, 12 Jun 2007 21:06:30 GMT

MidnightVoice wrote:

Tuscani wrote:

MidnightVoice wrote:

premium ones, not sub prime ones

FICO does not distinguish between prime and sub prime for CCs.

There are several other things that FICO cannot distinguish between. But to mention them would be impolite, and probably against the TOS

HA!

Re: premium bankcard accounts

MidnightVoice — Wed, 13 Jun 2007 18:04:46 GMT

Tuscani wrote:

MidnightVoice wrote:
premium ones, not sub prime ones

FICO does not distinguish between prime and sub prime for CCs.

Hmmm. I was just watching a Fair Isaac presentation I came across and it suggests differently......

Re: premium bankcard accounts

Tuscani — Wed, 13 Jun 2007 18:06:05 GMT

Link?

Re: premium bankcard accounts

MidnightVoice — Wed, 13 Jun 2007 18:11:10 GMT

Tuscani wrote:
Link?

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=4709

Sound familar?

Re: premium bankcard accounts

Tuscani — Wed, 13 Jun 2007 18:14:59 GMT

Hmm.. I never caught that. Good catch!

I will investigate.

Re: premium bankcard accounts

MidnightVoice — Wed, 13 Jun 2007 18:22:06 GMT

Tuscani wrote:
Hmm.. I never caught that. Good catch!

I will investigate.

You mean I beat you to find something out?

Re: premium bankcard accounts

MidnightVoice — Wed, 13 Jun 2007 23:37:55 GMT

Any news?

Re: premium bankcard accounts

Tuscani — Wed, 13 Jun 2007 23:41:05 GMT

MidnightVoice wrote:
Any news?

Yes, I stand corrected. Bankcards do hold more weight.

Re: premium bankcard accounts

Anonymous — Mon, 18 May 2009 04:32:15 GMT

Can you elaborate a little? Bank cards? Aren't all credit cards bank cards? I have this on my credit "thing I can do" list and would like to figure out why. I have 2 credit cards open.