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Wells Fargo gives FICO Bankcard 2 score...

Posiedon
Frequent Contributor

Wells Fargo gives FICO Bankcard 2 score...

Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".

 

Does anyone know which other banks offer Bank Card score?

Aug 14 - TU548/EQ582/EX535
>Jun 17 TU719/EQ709/EX686
Total SL: 210K across the board
Message 1 of 14
13 REPLIES 13
BronzeTrader
Valued Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...


@Posiedon wrote:

Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".

 

Does anyone know which other banks offer Bank Card score?


This is what I've said all along. CBs have different sets of FICO for different purposes. The consumer FICOs are much higher than the FICOs provided to banks for actual lending. You can be very happy to see that your TU FICO is 800, but the bank sees your FICO at 700 and won't lend to you (car loan etc).

 

This low FICO is what the banks use.....

Message 2 of 14
TygerHawke
Established Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...


@BronzeTrader wrote:

@Posiedon wrote:

Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".

 

Does anyone know which other banks offer Bank Card score?


This is what I've said all along. CBs have different sets of FICO for different purposes. The consumer FICOs are much higher than the FICOs provided to banks for actual lending. You can be very happy to see that your TU FICO is 800, but the bank sees your FICO at 700 and won't lend to you (car loan etc).

 

This low FICO is what the banks use.....


It's a conspiracy, I tell you!  They're holding out on us!  

 

Hmm...now where did I leave my pitchfork?

Message 3 of 14
Posiedon
Frequent Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...

For what it's worth, my FICO 9 Bank Card (as per myFICO) is 65 points higher than Bank Card Score 2 !!

 

 

Aug 14 - TU548/EQ582/EX535
>Jun 17 TU719/EQ709/EX686
Total SL: 210K across the board
Message 4 of 14
CreditDunce
Valued Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Where-to-obtain-FREE-monthly-FICO-scores/...

 

Should have most of the common banks that provide scores.   US Bank also uses a bank card enhanced score (TU-04 BE), but they don't offer free FICO scores.

Message 5 of 14
Themanwhocan
Senior Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...

free-FICO.png





TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752    
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800
Message 6 of 14
BronzeTrader
Valued Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...

Right now, my lowest FICO is Wells Fargo Experian FICO. And my highest is the City Equifax FICO. They range 130 points! Just rediculous.

 

Since I've cleaned up my 14 CCs with statement balances (PIF) down to 5 CCs, I should see improvements each month. 

Message 7 of 14
Posiedon
Frequent Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...


@Themanwhocan wrote:

free-FICO.png


@Themanwhocan - EX98? or EX08? is there a typo?

 

Anyway, many thanks for the info....my head is spinning with so many score formats ! No wonder the "get your free credit score" market is hugely popular Smiley Happy

Aug 14 - TU548/EQ582/EX535
>Jun 17 TU719/EQ709/EX686
Total SL: 210K across the board
Message 8 of 14
sjt
Senior Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...


@BronzeTrader wrote:

@Posiedon wrote:

Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".

 

Does anyone know which other banks offer Bank Card score?


This is what I've said all along. CBs have different sets of FICO for different purposes. The consumer FICOs are much higher than the FICOs provided to banks for actual lending. You can be very happy to see that your TU FICO is 800, but the bank sees your FICO at 700 and won't lend to you (car loan etc).

 

This low FICO is what the banks use.....


The scores banks offer maybe a different version the banks actually use for lending. All score are available for purchase through MyFICO 

American Express: Platinum Charge, Optima, Business Gold, Delta Business Platinum
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (3.04.21) EX: 838 / EQ: 850 / TU: 848
Message 9 of 14
BronzeTrader
Valued Contributor

Re: Wells Fargo gives FICO Bankcard 2 score...

The guidelines are different too for different FICO scores....

Message 10 of 14
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