Chase Credit Journey gets the credit scores from Vantage, but the actual information on your credit report they get directly from Experian. Experian is trusted since it's one of the credit bureaus, so we can safely know that the credit report displayed on your Chase Credit Journey portal is all accurate.
Because many scoring models are in use, the same borrower might have different credit scores across different scoring models.
Is Experian Accurate? Credit scores from the credit bureaus are only as accurate as the information provided to the bureau. Check your credit report to ensure all the information is correct. If it is, your Experian credit scores are accurate.
Chase primarily uses Experian as its credit bureau, but also uses TransUnion and Equifax for certain cards in certain states.
Missed or late payment
Making a late payment or missing a payment on any of your credit accounts, be it a credit card, student loan or mortgage, can be a detriment to your credit score — not to mention the fees you'll endure. Your credit score represents your creditworthiness, or your ability to repay your debt.
Experian's advantage over FICO is that the information it provides is more thorough than a simple number. A pair of borrowers could both have 700 FICO scores but vastly different credit histories.
The most accurate credit scores are the latest versions of the FICO Score and VantageScore credit-scoring models: FICO Score 8 and VantageScore 3.0.
Chase is an Experian Partner. Rated 4.77 out of 5 stars, 143 Reviews. Read all offer reviews.
While there is no official score required, it is generally known that the Chase Sapphire Preferred® Card requires a good credit score, which means 690 or higher. This is not a hard and fast rule, however, and those with credit scores lower than 690 could possibly get approved.
The credit bureau Chase uses for approval is mainly Experian, according to customer service. However, it's possible for Chase to use any of the three major credit bureaus to evaluate credit card applications for approval: Experian, TransUnion and/or Equifax.
Some credit cards that use Experian only reportedly include Chase Sapphire Preferred and the Citi Premier Card, among others.
Banks and Stores
Experian, TransUnion and Equifax are the three largest credit reporting agencies, and most major banks use them to come up with a combined FICO score. International financial organizations such as Barclays, HSBC, Morgan Stanley, MBNA and Nationwide are examples of those that rely on Experian.
Negative information can include late payments, collection accounts, bankruptcy or defaults. Negative information can cause lower credit scores, so the addition of such information can result in a considerable score difference when compared with prior scores.
That's right; each of the three credit bureaus—Experian, Equifax and TransUnion—assigns consumer credit scores based on the unique information in their credit reports. This means someone may have a different FICO® Score among the different models and a different score from each of the credit bureaus.
Your credit scores may vary according to the credit scoring model used, and may also vary based on which credit bureau furnishes the credit report used for the data. That's because not all lenders and creditors report to all three nationwide credit bureaus. Some may report to only two, one or none at all.
The middle credit score is most significant when buying a house because mortgage companies ignore the highest and lowest number provided by Equifax, Experian, and TransUnion.
Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.
The Chase Sapphire Preferred® Card is one of the best travel cards due to its generous sign-up bonus complemented by good earning rates on travel and dining and points that can be flexibly redeemed for cash or travel.
While there is no set score needed, we recommend you have a credit score of at least 700, a clean 2 years of credit history, and an income of at least $30,000 per year.
The Chase Sapphire Preferred card mainly uses Experian for approval. That doesn't mean it won't use the other major credit bureaus: TransUnion and Equifax, it depends on the state you live in. As for reporting, Chase reports to all three credit bureaus, regardless of which of their credit card you own.
Chase offers free credit scores using the VantageScore 3.0 credit-score model and credit reports from TransUnion.
Lenders may not report to all three credit bureaus
Because of this difference in reporting, each of the three credit bureaus may have slightly different credit report information for you and you may see different scores as a result.
A: As a general matter, no one credit bureau report is “more important” than the others. In today's economic environment, they are all vitally critical to your personal finances.
Consequently, when lenders check your FICO credit score, whether based on credit report data from Equifax, Experian, or TransUnion, they will likely use the FICO 8 scoring model. FICO 8 scores range between 300 and 850. A FICO score of at least 700 is considered a good score.
If your bank, credit card issuer, auto lender or mortgage servicer participates in FICO ® Score Open Access, you can see your FICO ® Scores, along with the top factors affecting your scores, for free. Below is a list of some lenders participating in FICO ® Score Open Access. Look to see if your lender is listed.