About a week ago, I applied for Best Buy credit, turns out Capital One issues their credit cards. Well soon after getting approved I received a letter from Capital One, informing me that I was approved and it also gave me a credit score. This credit score freaked me out, because it read 274! And my fico score is 679! As I kept reading turns out that their scoring system is roughly from 130 to a maximum of 298. Is anyone familiar with this scoring system? If so why did I only get approved for a 600 limit, if by the looks of it 274 out of 298 is pretty good. Isn't?
huh...I have never run into this one. Be interested to see what folks think.
Add me to the list of those who are flabbergastered... I've never seen such a scoring system, either!
When I append for BB, the range they gave me was 302 on a scale of 102 to 352. I had a 716 EQ here at the time. Initial limit was 2500.
I applied about two weeks ago when I received my card had the same letter I have been trying to figure it out also. But the letter I got I believe said from 115 to 3something but I will have to check again when I get home.
I Dont know guys, but thats what the letter said. I hope anyone out there (in here) have some information, Im curious.