Bank issued vs revolving accounts

[FicoMike0]

@NoHardLimits 

Thanks,that's good data!

[AndySoCal]

@Cblough93 @Kforce  Here is a link to an article that may help

https://www.experian.com/blogs/ask-experian/how-do-charge-cards-affect-your-credit-score/ 

[Anonymous]

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@Anonymous wrote:

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@FicoMike0 wrote:

between store cards and general credit cards. I'm not sure charge cards are included at all, I don't have one.

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Myfico frontend classifies the Amazon and the Walmart store charge cards as revolvers which is what they are. Both are included in the "revolving accounts" mix count, but not in the "bank issued cards" count.

Also, the credit mix "revolving accounts" and "bank issued cards" includes closed cards (still reporting) in the counts, but does not include closed AU cards (still reporting).

I do not know if they include open AU cards.

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@NoHardLimits wrote:

The Amex charge card is not included.  The authorized user accounts are not included whether they are open or closed.

Someone else will have to test the scenario with retail cards, because I don't have any on my reports.

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[NoHardLimits]

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@Anonymous wrote:

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@Anonymous wrote:

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@FicoMike0 wrote:

between store cards and general credit cards. I'm not sure charge cards are included at all, I don't have one.

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Myfico frontend classifies the Amazon and the Walmart store charge cards as revolvers which is what they are. Both are included in the "revolving accounts" mix count, but not in the "bank issued cards" count.

Also, the credit mix "revolving accounts" and "bank issued cards" includes closed cards (still reporting) in the counts, but does not include closed AU cards (still reporting).

I do not know if they include open AU cards.

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@NoHardLimits wrote:

The Amex charge card is not included.  The authorized user accounts are not included whether they are open or closed.

Someone else will have to test the scenario with retail cards, because I don't have any on my reports.

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Thank you @Anonymous ! 

So, to answer the original question:

Retail store cards are revolving, but not bank-issued credit cards.

Amex charge cards are neither revolving, nor bank-issued credit cards.

We still don't have an answer for major credit card companies which do not fall under the bank-issued classification.  Perhaps some credit unions and consumer finance companies, but which ones exactly?  There are also entities like brokerage firms and insurance companies with credit cards but, when reading the fine print, those are often issued by a "real" bank in the background.

[Cblough93]

Yes I would be very curious to know what (if any) credit unions or major players do not fall under the bank issued cards umbrella. 

amex and store cards make sense, I think credit unions are close enough to be considered a "bank" but who knows 

[NoHardLimits]

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@Cblough93 wrote:

Yes I would be very curious to know what (if any) credit unions or major players do not fall under the bank issued cards umbrella. 

amex and store cards make sense, I think credit unions are close enough to be considered a "bank" but who knows 

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It's also interesting that some of the aforementioned store cards are actually issued by a real bank.  Perhaps it's the closed loop nature of the account, rather than the issuer itself, that's really being categorized.

[Anonymous]

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@NoHardLimits wrote:

It's also interesting that some of the aforementioned store cards are actually issued by a real bank.  Perhaps it's the closed loop nature of the account, rather than the issuer itself, that's really being categorized.

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This

[Thomas_Thumb]

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@Kforce wrote:

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@Cblough93 wrote:

@Kforce 

Ahh that make sense too not sure why I didn't think of that. thanks!

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You have to many questions swimming around

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Agree! What happened to doing research and searching historical threads for information? Many of these topics have been discussed numerous times in the past. It's like there a minimum weekly question quota.

[Thomas_Thumb]

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@FicoMike0 wrote:

I think the distinction is between store cards and general credit cards. I'm not sure charge cards are included at all, I don't have one.

They aren't revolving credit,

They aren't installment loans, and

They aren't credit cards.

Maybe someone who has one will figure it out.

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Actually, AMEX charge cards are credit cards. They just are not revolving accounts. They are specified as open accounts with 1 month terms. Cards that are not credit cards are debit cards.

My Best Buy store card is a revolving credit card but, it is not a bank card. My AU BOA Mastercard and my AMEX green card also do not count as revolving bank cards on my file

My Discover card, Fidelity Visa and AT&T Universal (Citi) Mastercard are classified as revolving bank cards. I suspect credit union cards are a mixed bag regarding bank card classification by Fico.

[FicoMike0]

Thanks, @Thomas_Thumb 

So, you have a best buy store card, which is not counted as a bank card. That makes sense. If you had the citi best buy visa card, do you think that would count as a bank card? Would the latter be considered a cobranded card?

All of my cards are counted as revolving bank cards, I don't have any thing to compare.