cancel
Showing results for 
Search instead for 
Did you mean: 

Comenity Majors vs Comenity Minors/Credit Report

tag
AyaMai
Frequent Contributor

Comenity Majors vs Comenity Minors/Credit Report

Can you please explain to me what they are and what's the difference between them. 

Message 1 of 10
9 REPLIES 9
FireMedic1
Community Leader
Mega Contributor

Re: Comenity Majors vs Comenity Minors/Credit Report

No clue. FICO looks at any credit card account as a revovling line of credit. FICO doesnt care who the creditor is. The consumer does. Every revovling Credit Line vs. whats reported %-wise with the tweaks that EX, TU, and EQ have to come up with a FICO Score is reported on a credit report. Its the consumer who grades whats a major or minor.


Message 2 of 10
SouthJamaica
Mega Contributor

Re: Comenity Majors vs Comenity Minors/Credit Report


@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


I've never heard of those terms. Can you refer us to your source for that?


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 3 of 10
FinStar
Moderator Emeritus

Re: Comenity Majors vs Comenity Minors/Credit Report


@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


There is no difference as to the reporting aspect since a "major" or "minor" (as you reference it) are reported as revolving accounts. The only key difference is whether  Comenity reports some of their V/MC/AX as bankcards.

 

Potentially, and depending on the state you live, insurance UW could play a role in your rates if they access reports and the ratio of retail (closed loop) accounts is proportionally higher than bank cards.

Message 4 of 10
AyaMai
Frequent Contributor

Re: Comenity Majors vs Comenity Minors/Credit Report


@SouthJamaica wrote:

@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


I've never heard of those terms. Can you refer us to your source for that?


https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/63797...

Message 5 of 10
SouthJamaica
Mega Contributor

Re: Comenity Majors vs Comenity Minors/Credit Report


@AyaMai wrote:

@SouthJamaica wrote:

@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


I've never heard of those terms. Can you refer us to your source for that?


https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/63797...


Thank you very much for giving me the source of that distinction between "majors" and "minors".   I'm sorry but I don't know what the distinction is.


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 6 of 10
RealEstateGuy89
Frequent Contributor

Re: Comenity Majors vs Comenity Minors/Credit Report


@SouthJamaica wrote:

@AyaMai wrote:

@SouthJamaica wrote:

@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


I've never heard of those terms. Can you refer us to your source for that?


https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/63797...


Thank you very much for giving me the source of that distinction between "majors" and "minors".   I'm sorry but I don't know what the distinction is.


I had recently read a PDF that had been widely circulated in the credit repair area.  It had listed Comenity majors and Comenity minors and also which credit bureau's that the majors and minors had pulled from. It also said that the majors were any Visa/MasterCard/AMEX that Comenity issued that could be used everywhere. The minors were considered store and retailer credit cards issued by Comenity that could usually be used in only one place such as Lowe's, banana republic, the Lexus card, etc. 

Message 7 of 10
SouthJamaica
Mega Contributor

Re: Comenity Majors vs Comenity Minors/Credit Report


@RealEstateGuy89 wrote:

@SouthJamaica wrote:

@AyaMai wrote:

@SouthJamaica wrote:

@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


I've never heard of those terms. Can you refer us to your source for that?


https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/63797...


Thank you very much for giving me the source of that distinction between "majors" and "minors".   I'm sorry but I don't know what the distinction is.


I had recently read a PDF that had been widely circulated in the credit repair area.  It had listed Comenity majors and Comenity minors and also which credit bureau's that the majors and minors had pulled from. It also said that the majors were any Visa/MasterCard/AMEX that Comenity issued that could be used everywhere. The minors were considered store and retailer credit cards issued by Comenity that could usually be used in only one place such as Lowe's, banana republic, the Lexus card, etc. 


OK well now that they've been defined for me, my answer to the question is:

 

It makes no difference, they would be treated the same in any FICO algorithm, with one possible minor exception -- if practicing AZEO (all zero but one) it's preferable not to use a store card as the card reporting a balance.


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 8 of 10
mgood
Valued Contributor

Re: Comenity Majors vs Comenity Minors/Credit Report


@SouthJamaica wrote:

@RealEstateGuy89 wrote:

@SouthJamaica wrote:

@AyaMai wrote:

@SouthJamaica wrote:

@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


I've never heard of those terms. Can you refer us to your source for that?


https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/63797...


Thank you very much for giving me the source of that distinction between "majors" and "minors".   I'm sorry but I don't know what the distinction is.


I had recently read a PDF that had been widely circulated in the credit repair area.  It had listed Comenity majors and Comenity minors and also which credit bureau's that the majors and minors had pulled from. It also said that the majors were any Visa/MasterCard/AMEX that Comenity issued that could be used everywhere. The minors were considered store and retailer credit cards issued by Comenity that could usually be used in only one place such as Lowe's, banana republic, the Lexus card, etc. 


OK well now that they've been defined for me, my answer to the question is:

 

It makes no difference, they would be treated the same in any FICO algorithm, with one possible minor exception -- if practicing AZEO (all zero but one) it's preferable not to use a store card as the card reporting a balance.


I've seen in the alerts on myFICO that TransUnion specifies bankcards or retail cards.

retail.png

bankcard.png

I don't know how, or if, that affects the score. And I haven't seen any such distinction from Equifax or Experian, and I just scrolled through several months of alerts looking for them. I think there are other places in the reports I've seen them listed seperately. I just dug up the alerts because that was fresh on my mind from looking at one this morning and I knew where to find it quickly.

 

To my way of thinking, I have two "store cards," only good at that store or on their website, no Visa or MC logo or anything like that. But for reasons I don't understant, my Kay Jewelers card from Genesis FS seems to be considered a "bankcard" while the Eddie Bauer card from Comenity Bank is considered a "store card."



EQ8 809, TU8 790, EX8 797 as of May 28
AZE4 - 2% Utl - New Accts: 3/6, 3/12, 7/24
Message 9 of 10
cocoahoe
New Visitor

Re: Comenity Majors vs Comenity Minors/Credit Report


@mgood wrote:

@SouthJamaica wrote:

@RealEstateGuy89 wrote:

@SouthJamaica wrote:

@AyaMai wrote:

@SouthJamaica wrote:

@AyaMai wrote:

Can you please explain to me what they are and what's the difference between them. 


I've never heard of those terms. Can you refer us to your source for that?


https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/63797...coreball


Thank you very much for giving me the source of that distinction between "majors" and "minors".   I'm sorry but I don't know what the distinction is.


I had recently read a PDF that had been widely circulated in the credit repair area.  It had listed Comenity majors and Comenity minors and also which credit bureau's that the majors and minors had pulled from. It also said that the majors were any Visa/MasterCard/AMEX that Comenity issued that could be used everywhere. The minors were considered store and retailer credit cards issued by Comenity that could usually be used in only one place such as Lowe's, banana republic, the Lexus card, etc. 


OK well now that they've been defined for me, my answer to the question is:

 

It makes no difference, they would be treated the same in any FICO algorithm, with one possible minor exception -- if practicing AZEO (all zero but one) it's preferable not to use a store card as the card reporting a balance.


I've seen in the alerts on myFICO that TransUnion specifies bankcards or retail cards.

retail.png

bankcard.png

I don't know how, or if, that affects the score. And I haven't seen any such distinction from Equifax or Experian, and I just scrolled through several months of alerts looking for them. I think there are other places in the reports I've seen them listed seperately. I just dug up the alerts because that was fresh on my mind from looking at one this morning and I knew where to find it quickly.

 

To my way of thinking, I have two "store cards," only good at that store or on their website, no Visa or MC logo or anything like that. But for reasons I don't understant, my Kay Jewelers card from Genesis FS seems to be considered a "bankcard" while the Eddie Bauer card from Comenity Bank is considered a "store card."


Thank for the useful info.

Message 10 of 10
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.