Well, I've posted this thought elsewhere, seems to fit this thread as well ... I am not convinced that FICO scores matter at all. However, my profile is pretty unusual, so I may have a skewed view of it right now. Before I explain, let me add that if I were a lender, I wouldn't approve a profile like mine for very much, either. I'm not unhappy with what I am or am not approved for, I am unhappy at the lack of predictive power or meaning in FICO scores in general.
I have a 763 FICO 8 score on Experian. Amex uses Experian. So, you'd think I would qualify for a fair selection of Amex cards. I have been denied for: BCP, Hilton standard, Hilton Surpass, Delta blue, and I think BCE. I did get a Gold Card, to my surprise, but that was literally my third application for it, and was via the CAP link, so I don't know what that means.
I prequalify for nothing (and I mean nothing - not Platinum, nothing) on Cap 1. I prequalify for nothing on Discover. I prequalify for nothing on Citi.
On Creditmatch, I prequalify for one thing, Fingerhut.
On Credit Karma, I get Indigo and Merrick as my suggested cards. To be fair, my VantageScores are lower than my FICO scores.
So, my perception is that a 763 and $2 will get me a cup of coffee. They are going to look at the profile anyway, and give a lot of weight to factors that apparently FICO gives nearly no weight - in my case, credit-seeking behavior, account ages, number of inquiries. I question whether they even see the FICO score, but if they do, they don't give it much credence.
Again, not complaining about lack of offers ... I wouldn't offer myself a card, either. I realize my profile looks crazy right now. My point is that I am disappointed that FICO is so out of sync with what matters to lenders, and generates a meaningless number.
@Medic981 wrote:
@Brian_Earl_Spilner wrote:Also, don't mind @AverageJoesCredit, he's special. Bless his heart.
Sometimes, AJC rides the short yellow bus to the myFICO forums.
😄 These darn emojis lol
.
You guys had me laughing @ loud🤪 Thanks @Remedios you definetly won the interwebz💌
@Brian_Earl_Spilner FEELING BLESSED🌞 @Anonymous 🐈
@Medic981 i lol reel hardz haha. Question ? Am i Dumb and Dumberer special? Or am i Road Trip special? Big Wanda please🙋♂️
Op, as to your question, lol, everything depends on your file, your credit history, any previous history with Amex, and of course income. Best thing about Amex, even for people with less than stellar credit is their prequals. Usually rock steady but allow a glimpse of how they view your profile. Best of luck and welcome to the Forum.
BLESS EVERYONE'S❤😄
No problem
. If you ever need specific advice about a certain credit card or applying for one, drop a post and be sure to include all pertinent info like current fico scores, inquiries, any baddies , etc. Plenty of folks here who can guude you to what you need or maybe help you before you make an application. Great place to be if you want to improve your credit health
. If you ever need specific advice about a certain credit card or applying for one, drop a post and be sure to include all pertinent info like current fico scores, inquiries, any baddies , etc. Plenty of folks here who can guude you to what you need or maybe help you before you make an application. Great place to be if you want to improve your credit health
@Wrigley2172 wrote:
Its also a great place to geek out and make fun nerd friends while also learning. If school was myfico i wouldnt need the extra year of college😂😂😂 also OP if you want a great glimpse into MyFico click on Brian_Earl_Spliner's profile and find his Nordstrom card post. A MF classic👌👌👌
😅
I was recently told it was legendary. I didn't think it would get as many hits as it did.
@Wrigley2172 wrote:
I would agree with that award haha, feel free to have your once a year drinking night again soon😉
Actually, I was supposed to be in Phoenix again right now, but last minute cancellation. My credit reports breathed a sigh of relief.
@AverageJoesCredit wrote:
@Medic981 wrote:
@Brian_Earl_Spilner wrote:Also, don't mind @AverageJoesCredit, he's special. Bless his heart.
Sometimes, AJC rides the short yellow bus to the myFICO forums.
😄 These darn emojis lol
You guys had me laughing @ loud🤪 Thanks @Remedios you definetly won the interwebz💌
@Brian_Earl_Spilner FEELING BLESSED🌞 @Anonymous 🐈
@Medic981 i lol reel hardz haha
Op, as to your question, lol, everything depends on your file, your credit history, any previous history with Amex, and of course income. Best thing about Amex, even for people with less than stellar credit is their prequals. Usually rock steady but allow a glimpse of how they view your profile. Best of luck and welcome to the Forum.
BLESS EVERYONE'S❤😄
Just change his ranking for Pete's Sake! Dude you kill me....................
