@OptimalFICO wrote:FYI
There's a new way you may be able to see your FICO score for free every month. First Bankcard, a division of First National Bank of Omaha (FNBO), is now offering its customers a free FICO score each month when they log into their accounts. The company issues cards for more than 600 financial institutions, co-brands and affinity partners, so you might be eligible for this and not even know it!
I have an FNBO Visa so this benefit is available to me, but they never notified me... I found it through an article on Facebook.
Upon logging into my FNBO Visa account, I clicked on the "Services" tab and scrolled down to see a link that said, "View Your FICO Score - Every month you can access your FICO® 8 Bankcard Score for free."
I clicked on the link and it says, "Your FICO® 8 Bankcard Score, pulled on 12/11/2013 from Experian, is the same score we use to manage your account.
Every month you can access your FICO® 8 Bankcard Score for free."
The scale is 250 - 900 max. I was at 843.
It also gives "Key Score Factors" associated with your FICO® 8 Bankcard Score... the top factors that affected the score... and actions you can take to improve it."
My Key Score Factors were a "lack of recent installment loan info" and "too many accounts with balances" (even though I have zero debt and pay my credit card balances in full every month... but I have 5 major credit cards and 1 Chevron card... I think I had balances report on 3 cards, possibly 4. To optimize your score, only allow one balance to report at a time).
AFAIK, all FICO scores, regardless of version, have a range of 350-850. If this range is 230-900 it is not a "true" FICO score. If it is indeed not a true FICO score, they should not use "FICO" in their description. Someone correct me if I am mistaken.
@Anonymous wrote:There are other ranges for different versions of the FICO score. Not all are 300 - 850.
In that case...there are too many posts here erroneously stating that scores not within the 300-850 range are "FAKOS." When I first registered here, that was one of the first things I "learned." Therefore, how do we know whether a score sent to us by a credit card company such as GECRB is indeed an internal score or another variant of another version of FICO?
@indiolatino61 wrote:
@OptimalFICO wrote:FYI
There's a new way you may be able to see your FICO score for free every month. First Bankcard, a division of First National Bank of Omaha (FNBO), is now offering its customers a free FICO score each month when they log into their accounts. The company issues cards for more than 600 financial institutions, co-brands and affinity partners, so you might be eligible for this and not even know it!
I have an FNBO Visa so this benefit is available to me, but they never notified me... I found it through an article on Facebook.
Upon logging into my FNBO Visa account, I clicked on the "Services" tab and scrolled down to see a link that said, "View Your FICO Score - Every month you can access your FICO® 8 Bankcard Score for free."
I clicked on the link and it says, "Your FICO® 8 Bankcard Score, pulled on 12/11/2013 from Experian, is the same score we use to manage your account.
Every month you can access your FICO® 8 Bankcard Score for free."
The scale is 250 - 900 max. I was at 843.
It also gives "Key Score Factors" associated with your FICO® 8 Bankcard Score... the top factors that affected the score... and actions you can take to improve it."
My Key Score Factors were a "lack of recent installment loan info" and "too many accounts with balances" (even though I have zero debt and pay my credit card balances in full every month... but I have 5 major credit cards and 1 Chevron card... I think I had balances report on 3 cards, possibly 4. To optimize your score, only allow one balance to report at a time).
AFAIK, all FICO scores, regardless of version, have a range of 350-850. If this range is 230-900 it is not a "true" FICO score. If it is indeed not a true FICO score, they should not use "FICO" in their description. Someone correct me if I am mistaken.
As others have said FICO scores really can vary, including using score ranges that can be quite different from "300 - 850."
My Amex BCE approval process earlier this Spring cited an EXPERIAN "FICO" Score Range of 350 - 850. Likewise, and at about the same time, my Citi Diamond Preferred MC approval letter cited EQUIFAX with a Score Range of 250 - 900!
I thought I was doing relatively well with my "myFICO" scores (see signature), and was shocked to see that my TU score of 750 was considered to be only 718 over on my Discover account statement, ostensibly using a different FICO scoring model! Let the FICO Shopper BEWARE . . . ?
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@indiolatino61 wrote:
@Anonymous wrote:There are other ranges for different versions of the FICO score. Not all are 300 - 850.
In that case...there are too many posts here erroneously stating that scores not within the 300-850 range are "FAKOS." When I first registered here, that was one of the first things I "learned." Therefore, how do we know whether a score sent to us by a credit card company such as GECRB is indeed an internal score or another variant of another version of FICO?
You are, of course, correct; however, that's so commonplace in online communities (and other areas of life too I might add), one may as well wish the sky to be some other color than blue.
In this case the majority of FICO's are indeed: 300-850; however, the FICO '08 Bankcard enhanced and also their NextGen/Pinnacle score run out of a different metric.
You can still tell a tremandous amount from the score range, vis a vis a FICO score in the 250-900 range, hello Bankcard Enhanced '08; but something like GECRB where it's IIRC 300-650 or whatever, hi internal scoring model! Also, FWIW, if it says FICO, it is, and if it doesn't, it pretty much isn't and that still nearly universally holds.
We can't (without absurd levels of annoyance and difficulty in the lithium interface) go back and rewrite posts; however, we can, and should, learn and pontificate better for the future.
