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Credit Mix Store Card vs Gass Card

WBLAKE
Frequent Contributor

Credit Mix Store Card vs Gass Card

Good Evening,
 
When fico looks at your credit mix, is a gas card looked at the same as a store card?
 
WBLAKE
TU 670
EQ 670
EX 617
JFCU $5,000
JFCU AUto Loan $11,000
Jet Blue Amex $2,000
BOA 3,500
Best Buy Store Card $2,200
Kay Jewlers $3,200
Message 1 of 6
5 REPLIES 5
SpecFile
Valued Contributor

Re: Credit Mix Store Card vs Gass Card

Yeah, I have that same question also.  It used to be that the gas cards were not affiliated with visa or mc.  Now when you get a gas card they have either mc or visa on them.  If this is the case, what is the difference between having a visa or mc gas card and having just a regular credit card?  How do they distinguish between the two?
Message 2 of 6
Established Contributor

Re: Credit Mix Store Card vs Gass Card

cards that aren't branded by a major credit card are considered lesser forms of credit
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Message 3 of 6
db23
Frequent Contributor

Re: Credit Mix Store Card vs Gass Card


@rbbyrbsn wrote:
cards that aren't branded by a major credit card are considered lesser forms of credit


Says who?

Message Edited by db23 on 08-21-2007 09:28 AM
Message 4 of 6
WBLAKE
Frequent Contributor

Re: Credit Mix Store Card vs Gass Card

So can I assume that a non MC/Visa branded gas card would be the equivalent of a store Credit card in optimum credit mix.
TU 670
EQ 670
EX 617
JFCU $5,000
JFCU AUto Loan $11,000
Jet Blue Amex $2,000
BOA 3,500
Best Buy Store Card $2,200
Kay Jewlers $3,200
Message 5 of 6
db23
Frequent Contributor

Re: Credit Mix Store Card vs Gass Card

It gets reported to the CRAs as a REVOLVING credit acount. The only difference between a Visa/MC and Store card is the comment on it, Visa/MC will generally say "Credit Card" while a store card will generally say "Charge Account" or "Charge Card".
Message 6 of 6
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