Does a store card really report as something other than a standard credit card?

[CF_Frost]

Just seems like it should report the same as any other revolving account.

[Skye12329]

Depends on the lender. Some lenders dont consider store cards cards unless they are branded (MC, Visa, Amex, Discover)

So my Sears card is a MC and that would be considered revolving since its a MC. My target card is not considered revolving since its not branded. 

[Creditaddict]

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@Skye12329 wrote:

Depends on the lender. Some lenders dont consider store cards cards unless they are branded (MC, Visa, Amex, Discover)

So my Sears card is a MC and that would be considered revolving since its a MC. My target card is not considered revolving since its not branded. 

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that's not correct.

Target does report as revolving.

Some store cards report as "Charge Cards" (My Von Maur is one)

[Revelate]

Store cards typically will land under the Revolving category for their account type (in almost all cases).

The detail is in the loan type though: currently both EQ and TU (from the CRA's) have the loan type listed as Charge Account on my Wally card, though I've seen a Retail Card designation as well so it does depend on the lender reporting.

All my other cards report as Credit Cards under the loan type.

[SunriseEarth]

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@CF_Frost wrote:

Just seems like it should report the same as any other revolving account.

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My major CCs report as "Credit Card," but my store cards report as "Charge Card" with the exception of Target (reports as "Credit Card").

[gh17]

I believe mine all report as revolving.  I guess that does raise the question though about how exactly these factor into mix of credit calculations if they're not differentiated.

Hmm I just looked and my Comenity cards report on Equifax as revolving, loan type: charge account.  That seems weird since they're credit cards, not charge cards, i.e. I don't need to pay it off each month.

[Revelate]

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@gh17 wrote:

I believe mine all report as revolving.  I guess that does raise the question though about how exactly these factor into mix of credit calculations if they're not differentiated.

Hmm I just looked and my Comenity cards report on Equifax as revolving, loan type: charge account.  That seems weird since they're credit cards, not charge cards, i.e. I don't need to pay it off each month.

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FWIW I'm pretty certain they don't factor into mix of accounts.

That said they could be going off the loan type field rather than the base revolving / installment / other categorizations.  I don't know why they report as charge account either, but my actual charge card reports correctly with a term of 1 month: that's the typical notation for a card that much be paid off each month, though I'm only seeing that descriptor on my EX report.  Not certain what's up with that.

EX also has an industry field which breaks out Bank Card, Credit Union, and Variety Stores for my Wally

[takeshi74]

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@Skye12329 wrote:

My target card is not considered revolving since its not branded.  

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Branding is not part of the definition of revolving.  In any case, if it's a Target card then it is branded.  Target is a brand.  It's may not be a major credit card but that's an entirely separate matter.  Many store cards are revolvers but there are also some store charge cards.

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@Skye12329 wrote:

So my Sears card is a MC and that would be considered revolving since its a MC.

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The payment network (MasterCard, Visa, American Express, etc) doesn't define whether a card is revolving either.