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Retail banking history is not a factor in credit scores.
by saryant 10y ago
Retail banking history is not a factor in credit scores.
- ThomPete 10y agoI am well aware of that and I never claimed it did. I wasn't talking about credit history but about history as in, a customer in a bank for years. These are also factors for how easy/hard things like this is.
- saryant 10y agoHaving a history with a bank has no impact whatsoever on your credit report.
- ThomPete 10y agoThis has nothing to do with your credit report or your credit history. This has to do with your chance of getting a credit card to begin with. There is a difference between being a US citizen having had bank account most of your life and then being a foreigner who just got yours. Not sure why you keep insisting I am saying something else than I am.
- saryant 10y agoBecause you're not being at all clear and you're still incorrect.
- YokoZar 10y agoIf you have a very long history with a bank, however, that might factor into that bank's decision in giving you a credit card. Nothing stops banks from combining credit score data with other sources. As a personal anecdote, I avoided credit cards until age 31, but had a bank account with Wells Fargo since I was 16. Because I had no history, almost no one wanted to give me a card despite my high provable income. I got my first credit card with capital one (for a hilarious 300 dollar limit). But two months later after I became a known credit card user I started getting credit card offers in the mail from a variety of sources -- Wells Fargo offered me considerably more credit than the others, presumably because some system of theirs thought I was more trustworthy (long-standing account history? Actual visible income in the bank account?) They even offered me a rewards card even though I only had 1 month of history.