Chase Freedom Application Score vs. FICO

[Anonymous]

After two years of rebuilding my credit, I finally earned my first prime credit card-- the Chase Freedom card.

For those interested, the back of the form my card was taped to included a little section about my credit score and how to understand it. They pulled Equifax using a scoring system called "Application Score"-- mine was a 641. (My Equifax file is thinner than the other two.)

Taking a leap of faith, the night I applied for the card, I called in to see what my limit was and if I could get it increased with a manual review. (A leap of faith because, despite having over two years' worth of on-time payments and no collections, I still have some very ugly lates lingering.) While I was shot down, it did yield something handy-- a letter that came in the mail the day after I received the card containing my Equifax FICO score (663).

So, there you have it:

Application Score: 641 Eq

FICO Score: 663 Eq

[afbar1114]

There is two differnt verisons being used. The one on here is older so may use different things for score.

[SwiftTone]

Application Score is probably just their internal scoring system. Does it give you the possible score range? If its not between 300-850, then it is as good to consumers as FAKO scores.

May I ask what CL you recieved?

[Anonymous]

Not necessarily if they are using it to make credit granting decisions for their credit cards
Even if chase is the only company using their internal model by volume of all
the people applying for chase cards its already a lot more useful than fako scores.
It may not be transferable but if you do whatever it says to increase it then it would improve
your chances with chase.

So I guess in long internal scoring does not equal fako even if only one creditor is using it.