topic Re: Gemini card on credit reports in General Credit Topics

Gemini card on credit reports

hawkins — Wed, 20 Apr 2022 14:03:29 GMT

Does anyone here who has the Gemini card had it show on your credit reports yet? Someone is telling me there reports tanked 58 points from it but I don't think it has been out long enough for anyone to have it post yet. I could be wrong but who knows.

Re: Gemini card on credit reports

K-in-Boston — Wed, 20 Apr 2022 14:11:22 GMT

You would have to essentially have a perfect storm of negative factors (cut your average age of accounts in half, maxed out, only revolving card, maybe even reporting 30+ days late) to lose that many points in a FICO score simply for a new card reporting. Everyone's credit profile is different, and a new card won't necessarily cause a score loss if there are positive factors that are weighed more.

Re: Gemini card on credit reports

FinStar — Wed, 20 Apr 2022 14:16:31 GMT

@hawkins wrote:
Does anyone here who has the Gemini card had it show on your credit reports yet? Someone is telling me there reports tanked 58 points from it but I don't think it has been out long enough for anyone to have it post yet. I could be wrong but who knows.

What is the source of this information @hawkins?

Re: Gemini card on credit reports

hawkins — Wed, 20 Apr 2022 14:22:11 GMT

Just someone on Reddit saying it

Re: Gemini card on credit reports

donkort — Wed, 20 Apr 2022 17:07:14 GMT

And how much does this "person on Reddit" know about your credit file?

Re: Gemini card on credit reports

hawkins — Wed, 20 Apr 2022 17:17:44 GMT

I think you mistake me. I do not have this issue. This Reddit user is saying this score drop happened to him because of this card but when I asked him further he didn't seem to know. I know damm well that a 58 point drop won't happen like that. He clearly had another issue going on as this Gemini card is not even showing on anyones credit reports yet or at least I have not heard of any. He didn't even know if it was on his. He's probably using credit karma or something who knows. I have the Gemini card and know it's not on my credit report and he got his before me so hence the question to those that have it does it show up or not? (Yet)

Re: Gemini card on credit reports

OmarGB9 — Wed, 20 Apr 2022 20:26:49 GMT

58 points is far too much to lose because of a simple new account reporting. There is definitely something else going on over there.

Re: Gemini card on credit reports

CYBERSAM — Wed, 20 Apr 2022 20:34:43 GMT

@OmarGB9 wrote:
58 points is far too much to lose because of a simple new account reporting. There is definitely something else going on over there.

If they never paid the balance in past couple of months it would report as negative lol That would explain the -58 points also!

Same with X1 per their Terms and Service.

Then again its based on Reddit!

Re: Gemini card on credit reports

JR_TX — Wed, 20 Apr 2022 22:08:57 GMT

... and this is why there's reddit and then there's this site called myFICO forum. 🤪😜😝

Re: Gemini card on credit reports

FinStar — Wed, 20 Apr 2022 22:57:37 GMT

@hawkins wrote:
Just someone on Reddit saying it

And, most of us know about taking comments with a grain of salt from sources such as Reddit, YouTube or other social media jockeys. As you mentioned having the Gemini card, and it being relatively new, it is certainly doubful that it's reporting to the CRAs for anyone. They just opened their portals to all common folk, and for those that received invitations, it's definitely very premature as well.

So, I'd say that Redditor is definitely not aware of other factors that are impacting their credit profile -- but it's not the Gemini CC, unless they provided proof or a screenshot of the Gemini CC reporting. Otherwise, it's simply a Reddit post served on a poopoo platter

Re: Gemini card on credit reports

FinStar — Wed, 20 Apr 2022 22:59:17 GMT

@JR_TX wrote:
... and this is why there's reddit and then there's this site called myFICO forum. 🤪😜😝

Exactly 😊

Re: Gemini card on credit reports

Just-Jason — Thu, 12 May 2022 21:10:03 GMT

Fyi... I have Gemini Card from Invite. Not reporting anywhere as of today. Hard pull was Experian, -4 points for the pull, already back up again.

Gemini card not reporting to credit bureaus

folks19 — Thu, 12 May 2022 23:14:54 GMT

I was approved for the Gemini card at the beginning of March, but it has not reported to the credit bureaus yet. Does this make sense?

Gemini now reporting to experian

Hoben02 — Sun, 17 Jul 2022 16:17:58 GMT

So the Gemini card is now reporting to Experian drove my score down a bit. What spend are you using the card for in my case I decided to make it my de facto restaurants spend. And for that matter with the crisis in the crypto market what coin are you investing the rewards in

Re: Gemini now reporting to experian

unsungivy — Sun, 17 Jul 2022 23:07:09 GMT

Decided "Crypto Winter" was a good time to use the card... using it for restaurant spend when I was in Europe in conjunction with my Curve Card. Been getting my Cashback in Ether. I like that it tells me what I initially earned vs what it's valued at now (it's up roughly 20% from the "purchase price").

Seems like if you're on top of things, and check the markets in the app right before you swipe, you can be very smart about it. Definitely not a "set it and forget it" card, but a fun challenge to see that you get at least what you would get out of a normal 4x dining card overall.

Re: Gemini card on credit reports

Hoben02 — Mon, 18 Jul 2022 02:27:03 GMT

It just reported on Experian in the month of July dropped by credit score by three points. It was after the 3rd payment on the card

Re: Gemini card on credit reports

cctiger — Sat, 03 Dec 2022 19:04:24 GMT

Ive had the card for at least 4 months already.and the gemini card was first reported days ago on one of my credit agencies as a new card.

Re: Gemini card on credit reports

atarvuzdar — Mon, 16 Jan 2023 15:27:28 GMT

I was just reading over my credit reports from the past year and noticed that Gemini is one of the only inconsistencies across the 3 bureaus. I got the card in April and it began reporting on EX in July (2 point increase--I assume something else behind the scenes caused the increase) but not on EQ or TU. Then, in November, it started to also report on EQ (2 point drop). Still nothing on TU.

What CBs is Gemini reporting on for everyone else? My OCD is kicking in with this inconsistency!

Re: Gemini card on credit reports

FinStar — Mon, 16 Jan 2023 23:13:04 GMT

@atarvuzdar wrote:
I was just reading over my credit reports from the past year and noticed that Gemini is one of the only inconsistencies across the 3 bureaus. I got the card in April and it began reporting on EX in July (2 point increase--I assume something else behind the scenes caused the increase) but not on EQ or TU. Then, in November, it started to also report on EQ (2 point drop). Still nothing on TU.

What CBs is Gemini reporting on for everyone else? My OCD is kicking in with this inconsistency!

I'll have to check mine. But, I do believe that EX was the very first one they started reporting to, similar to what others have mentioned upthread. @12njoy + @woodyman100 + @Gmood1 have this card as well, maybe they can provide some input on this as well.

Re: Gemini card on credit reports

12njoy — Mon, 16 Jan 2023 23:47:58 GMT

@FinStar wrote:
@atarvuzdar wrote:
I was just reading over my credit reports from the past year and noticed that Gemini is one of the only inconsistencies across the 3 bureaus. I got the card in April and it began reporting on EX in July (2 point increase--I assume something else behind the scenes caused the increase) but not on EQ or TU. Then, in November, it started to also report on EQ (2 point drop). Still nothing on TU.

What CBs is Gemini reporting on for everyone else? My OCD is kicking in with this inconsistency!
I'll have to check mine. But, I do believe that EX was the very first one they started reporting to, similar to what others have mentioned upthread. @12njoy + @woodyman100 + @Gmood1 have this card as well, maybe they can provide some input on this as well.

I have it reporting on Experian and Equifax only. Experian was first for me.