3 ms·
You can establish a floor of a cardholders historical credit score. With the introductory card you can't eliminate a high score, and with a premium card you ca
by phamilton 11y ago
You can establish a floor of a cardholders historical credit score.
With the introductory card you can't eliminate a high score, and with a premium card you can't eliminate a low score, but you can assume that at some point in time they had a high score with a premium card.
- encoderer 11y agoNot really. I have several AU's on my american express card. My sister in college for one, who certainly couldn't qualify for a similar card on her own. There are a lot of AUs. An Amex may also indicate that at one point I had good credit. I could have a 600 now. It's a creative product but I second the notion that it hardly seems credible. It might be able to drive incremental ROI but I'd have to see it to believe it.
- phamilton 11y agoI had ignored the AU case, good point. I did address the fact that it only indicates a single data point in the past that would be incorrect now. It is a minor leak of information, which theoretically means it has value. The challenge is extracting that value.