Scoring Model Range of 300- 620???

toi34 · ‎03-17-2021

I was recently approved for the PayPal 2% Cashback Mastercard and Synchrony sent me a notice saying I didn't get the best interest rate due to my score, which is out of a low of 300 to a high of 620.

Anybody know what model this is?

thornback · ‎03-17-2021

Seems to be some internal scoring model - there are a few posts going back to 2015 referencing that score range for Sync. It's certainly not FICO or Vantage.

Congrats on your approval!

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"

Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:

Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.

CreditMagic7 · ‎03-17-2021

Congratulations on your approval!

Yes banks like Syn and others use a internal scoring system often, or so they say, to draw up start limits, APR rates, line increases etc. Even for offers.

Anonymous · ‎03-17-2021

@toi34 wrote:
I was recently approved for the PayPal 2% Cashback Mastercard and Synchrony sent me a notice saying I didn't get the best interest rate due to my score, which is out of a low of 300 to a high of 620.

Anybody know what model this is?

I would think somewhere on your paperwork probably in fine print at the bottom it should state what the scoring model is to go along with that range.