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Carecredit is a Bankcard per TU; Retail per EX.

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Super Contributor

Carecredit is a Bankcard per TU; Retail per EX.

Carecredit is a Bankcard per TU; Retail per EX. Also labeled charge rather than credit at EX. Idea? Implications? At EQ, I don't know, but I bet it mirrors EX.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 1 of 6
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Community Leader
Mega Contributor

Re: Carecredit is a Bankcard per TU; Retail per EX.

Unless you have the Visa/MC. i wouldnt consider it a bankcard even if it codes that way on TUSmiley Wink
Message 2 of 6
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Super Contributor

Re: Carecredit is a Bankcard per TU; Retail per EX.

While I agree with you, TU is calling it a bankcard.

Check this out tho, seems like when I use it as my AZEO card, I lose 5 points, plus my no revolving penalty. It's like TU is treating it as retail and keeping retail util separate and penalizing for it. Let me put this all in the other thread rather than duplicate. check it:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Are-Retail-cards-treated-differently-at-...
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 3 of 6
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Super Contributor

Re: Carecredit is a Bankcard per TU; Retail per EX.

Unfortunately both of my Care Credit accounts are closed, so I have no means of testing this out. 

 

I hate Care Credit though, FWIW.  They are the devil.

Message 4 of 6
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Super Contributor

Re: Carecredit is a Bankcard per TU; Retail per EX.

Weird thing is, TU calls it a bankcard but is not treating it as such. Seems as tho it's treating it differently, but it's treated normally at EX and EQ.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 5 of 6
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Moderator

Re: Carecredit is a Bankcard per TU; Retail per EX.

My physical TU report lists Care Credit as a Charge Account in the Loan Type field and the Account Type displays as Revolving.

The [CK] TU version displays Charge Account in the Account Type field.

EX displays as Charge Card in the Type field.

I haven't checked the FICO reports, but IIRC, Charge Account was the naming convention under Type, I believe.

¯\_(ツ)_/¯
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