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Credit Card Enhanced FICO Scoring?

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fused
Moderator Emeritus

Credit Card Enhanced FICO Scoring?

Is there such a thing as cc enhanced FICO scoring?  I am familiar with mortgage and auto ones?  Also, do ccc's use some sort of formula to determine not only your credit risk, but the likelihood they can make money off you. For example, finance charges. 
Message 1 of 7
6 REPLIES 6
Anonymous
Not applicable

Re: Credit Card Enhanced FICO Scoring?

Yes- As far as I know the FICO score I get from WAMU is "Credit Card Enhanced" as it differs from my MYFICO score.
Message 2 of 7
Tuscani
Moderator Emeritus

Re: Credit Card Enhanced FICO Scoring?

Yes.. it's actually "bank card enhanced".
Message 3 of 7
smallfry
Senior Contributor

Re: Credit Card Enhanced FICO Scoring?

I understand you have to wait 90 days when you first get the card before viewing your first score and that score will be the one they got when they pulled your CR. Thereafter I believe the score is updated monthly. Correct Tuscani?
Message 4 of 7
SoulSmilen
Regular Contributor

Re: Credit Card Enhanced FICO Scoring?

That might be partially correct, and my account is only a month old so I can't relay information beyond my initial days; however, I was able to see the original score within 2 weeks.
Message 5 of 7
Tuscani
Moderator Emeritus

Re: Credit Card Enhanced FICO Scoring?



smallfry wrote:
I understand you have to wait 90 days when you first get the card before viewing your first score and that score will be the one they got when they pulled your CR. Thereafter I believe the score is updated monthly. Correct Tuscani?


I don't think there is any truth to that 90 day wait.
Message 6 of 7
smallfry
Senior Contributor

Re: Credit Card Enhanced FICO Scoring?



@Tuscani wrote:


@smallfry wrote:
I understand you have to wait 90 days when you first get the card before viewing your first score and that score will be the one they got when they pulled your CR. Thereafter I believe the score is updated monthly. Correct Tuscani?


I don't think there is any truth to that 90 day wait.



That is what it said when I logged in. I'll let you know next week.
Message 7 of 7
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