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The 4 payment systems

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Hotcoals91
Regular Contributor

The 4 payment systems

Im curious, does anyone think that having one each of the 4 credit card networks(disco, mastercard, visa, and amex) gives a bonus in score? I have open 1 each of visa, disco, and amex, and 2 mastercards. Just wondering if it might give me more benifit than just meeting my personal goal of being able to say i have all 4.
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3 REPLIES 3
DantGwyrdd
Frequent Contributor

Re: The 4 payment systems

Nope.

Message 2 of 4
Gunnar419
Valued Contributor

Re: The 4 payment systems

No bonus in score, but I also like the idea of having a card from all four networks for versatility and security.

Message 3 of 4
Thomas_Thumb
Senior Contributor

Re: The 4 payment systems

^ Agreed

 

I have Discover, AMEX, Mastercard, Visa and one store card. Got to that mix by random coincidence, not by design. Wish I'd kept by Diner's Club from the 1980s - oh well. The card mix serves my needs but, certainly nothing critical to focus on and no benefit to the Fico scoring algorithm.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
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