@JustcallmeTM wrote:Understandable I know most banks have there own internal scoring system for the most part just don't know which they lean on more FICO or Vantage to determine how they score it.
I would assume going forward Vantagescore will become more popular and used more for credit cards to stop the abuse on it. Only way to stop churners/high CL chasers/Card collectors and padders and so on is to fully adopt Vantagescore on all CC apps since it will severely impact your score for stuff like that.
Was that announced for VS 4? Isn't in VS 3 to my knowledge?
Scoring is only part of a UW decision as another poster pointed out, and actually other than perhaps features of either FICO or VS, Chase would've had to develop their own by looking at their data, and likely tweaked it based on their own procedures too. Only reason to develop internal algorithms or similar automation is to reduce cost, either in operational procedures or in this case to stop paying FICO et al. for their scores... much cheaper to just pull a report is my understanding of it, especially multiplied by likely millions of applications annually in Chase's case to say nothing of AR's where a score might likewise be useful to benchmark consumer performance.
@Anonymous wrote:
@fltireguy wrote:
@Anonymous wrote:So my Exp as of today on CCT and on my recent approval letter from Amex is 656. But I got denied for Chase Amazon on 4/23 and they pulled an Ex of 593. That's dead wrong. By a long shot. My other approvals pulled my scores correctly two weeks ago which is 656. What's the deal with Chase? Makes me want to recon.
What exactly does it say on the denial letter from Chase?
Does it show that they pulled Ex, and then does it reference your CARS score? (CARS is Chase's internal score)
Also, remember that there are MANY different FICO version as well...
They specifically said they pulled Experian. Does not reference CARS score. So if they pulled Exp I still don't see how it's 50-60 points off.
Look for the score range, that's usually the easiest way to determine what was pulled.
Crucial point even if it calls into question ever monitoring scores: the only score that matters is the one the lender pulled.
I am almost positive that Chase uses EX FICO 08 Bankcard scores, and that would be true of the scale going to 900. They absolutely do not use Vantage. My Bankcard scores are usually about 10 points higher than my FICO 08 scores, while my Vantage Scores are usually about 100 points lower than my FICO 08 scores. There is no way Chase would have approved me for a $12k CSP a few months ago with a score in the 630s if they were using Vantage.
@K-in-Boston wrote:I am almost positive that Chase uses EX FICO 08 Bankcard scores, and that would be true of the scale going to 900. They absolutely do not use Vantage. My Bankcard scores are usually about 10 points higher than my FICO 08 scores, while my Vantage Scores are usually about 100 points lower than my FICO 08 scores. There is no way Chase would have approved me for a $12k CSP a few months ago with a score in the 630s if they were using Vantage.
Traditionally the low end of the range will exclude it's being FICO if it's their internal score, namely CARS ranges from 250-900; also if it's a FICO score, it's mandatory to use the FICO registered trademark.
It was almost certainly their internal score just like the overwhelming number of other Chase decisions posted here within the last 2ish years 
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