Wednesday, March 22, 2023

What Credit Card Companies Use Transunion Only

Don't Miss

Cash Back And Points:

7 Best Banks Credit Cards That Use TransUnion To get Out Of Credit Card Debt 2021

Rewards Program Agreement: For more information about the Ink Business Unlimited rewards program, view the latest Rewards Program Agreement . We will mail your Rewards Program Agreement once your account is established. If you become a Chase Online customer, your Rewards Program Agreement will also be available after logging in to

Transunion Vs Equifax: How To Check Your Credit Scores

The credit history reflected on your credit reports and scores can directly affect your ability to get credit. It also impacts your cost of borrowing. In general, good credit scores can make it easier and cheaper to borrow than low credit scores. Since your credit history can change over time, its a good idea to monitor your credit regularly to stay on top of your overall credit health.

You can get a free copy of your credit reports from Equifax, Experian and TransUnion periodically by visiting You can also request your free credit reports from the specialty credit-reporting agencies at specified intervals.

And you can always check your credit scores anytime with a free Credit Karma membership, which provides free access to your Equifax and TransUnion credit reports and VantageScore 3.0® scores from both bureaus.

Monitoring your credit reports and scores from the major consumer credit bureaus on a regular basis can help you spot opportunities to improve your credit and better understand your borrowing potential. It can also help you spot suspicious activity on your financial accounts that could be a sign of identity theft. Finally, reviewing your reports can help ensure your credit profile contains accurate information, and help you catch and correct any errors that could be negatively affecting your credit.

  • Quick Tips for Your Credit Health
  • Why Your Application Is Pending Or In Review

    Goldman Sachs might need more time to review some applications, or request more information to verify your identity. After you apply, you are shown a message in Wallet app that will indicate your application is in review. Updates regarding your Apple Card application will be sent to the primary email address associated with your Apple ID.

    Also Check: Citi Bestbuy Credit Card

    Q Where Do You Get The Personal Information That Is On My Credit Report

    A. The personal information appearing in our credit-reporting system is generally reported to us by credit grantors or other institutions that are responsible for obtaining consumer consent to do so. However, it may also be obtained from other sources permitted by law, including public records, federal and provincial government offices and public registries, or collected directly from individual consumers in response to communications TransUnion has had with them. It is our policy to limit our collection of personal information to include only what is necessary to supply our clients with accurate and up-to-date information so they can make meaningful decisions about consumers. TransUnion periodically reviews the data in its credit-reporting system to ensure that it only contains information relevant to the services we provide.

    Q How Is The Transunion Personal Score Calculated

    Which Credit Card Companies Use Equifax / Which Credit Report Does ...
  • To calculate a score, numerical weights are placed on different aspects of your credit report and a mathematical formula is used to arrive at a final credit score. TransUnion calculates your credit score based on many factors of your credit history and payment behavior. These many factors may include but are not limited to:
  • How you are paying your accounts
  • How much money you currently owe
  • How long your accounts have been open
  • What different types of credit you use
  • How much credit you use compared to the amount of credit you have available
  • How often and how recently you have applied for credit
  • The credit industry uses various types of credit scores to assess risk for different types of credit. For example, a creditor may use one type of score when assessing risk for a credit card account and another type of score when assessing risk for a mortgage account.

    You May Like: Cabela Club Visa Credit Limit

    No Issuer Is Solely Transunion

    Issuers may choose a credit bureau based on the conditions at the time. This can vary by any context: the geographic location or the specific product. There is no way to know which credit bureau the issuer will contact at any particular time. You can go through one, two, or all three responsible credit bureaus in the United States.

    It is important to note that no issuer pulls information from a single credit bureau to certify an individuals credit history. When it comes to checking credit histories, each company is more expert than the other in one area for example, if you want to evaluate educational credit scores you get from websites or applications, the specialist in this is TransUnion.

    If we bring the above example into practice, when an issuer wants to review an individuals data, he will want to know his credit scores. He may also try to understand other aspects, and there, Equifax or Experian may be the experts. Given this brief explanation, we assume that no issuer is exclusively TransUnion.

    Capital One Venture Rewards Credit Card

    Depending on which travel cards youre looking at, the Capital One Venture Rewards Credit Card could be a great option for you.

    This card offers unlimited, flat-rate travel miles on all purchases which is a great way to rack up rewards. In addition, there are no foreign transaction fees so you can use your card while traveling abroad without having to worry about extra fees.

    One of the best benefits of this card is that you can get up to $100 credit for Global Entry or TSA PreCheck application fee. This can come in handy if youre a frequent traveler.

    However, one downside of this card is that the $95 annual fee isnt entirely offset by yearly benefits.

    Another downside is that miles are only worth 1 cent or less unless using select airline transfer programs.

    Overall, this is a great option for those who are looking for a rewards credit card with some great benefits.

    Features of the Capital One Venture Rewards Credit Card

    • Unlimited, flat-rate travel miles on all purchases
    • No foreign transaction fees
    • $100 credit for Global Entry or TSA PreCheck application fee
    • $95 annual fee
    • Miles only worth 1 cent or less unless using select airline transfer programs

    The Capital One Venture Rewards Credit Card is a great option for those who are looking for a rewards credit card with some great benefits.

    However, one downside is that the $95 annual fee isnt entirely offset by yearly benefits.

    Don’t Miss: Ulta Visa Credit Card

    What Is A Grace Period

    A grace period is between when a purchase is made and when its due. For example, if you purchase on January 15, the grace period would end on February 14. During the grace period, youre not charged interest on your purchase.

    Not all credit cards have a grace period, so be sure to read the terms and conditions of your card before making a purchase.

    Q What Is The Procedure For Releasing A Copy Of A Consumer Disclosure To Me If I Have Power Of Attorney Rights

    Top 10 Credit Cards That Pull Transunion and Are Easy to Get Approved for in 2022 CREDIT S3E207
  • TransUnion will release a copy of the Consumer Disclosure to the individual who is appointed as Power of Attorney, provided that the following criteria are met:
  • A copy of the Power of Attorney papers are supplied
  • A copy of two pieces of the Consumers identification and two pieces of the Power of Attorneys identification are provided to process the Consumer request. See acceptable id listing.
  • If the appropriate information has been supplied, TransUnion will send the Consumer Disclosure to the Power of Attorneys address via standard mail.

    Don’t Miss: Cabelas Interest Rate

    Wells Fargo Platinum Visa For Aprger 0% Apr

    If youre looking for a credit card with APRengthy 0% A.P.R. period and no annual fee, the Wells Fargo Platinum Visa is a good option to consider. This card offers APRmonths of 0% A.P.R. on purchases and qualifying balance transfers, giving you some breathing room if youre trying to pay down debt.

    Additionally, this card offers cell phone insurance, which can help to protect your investment in case of damage or theft.

    However, its important to note that this card requires good or excellent credit for approval.

    Additionally, no rewards are offered, which may be a drawback for some users.

    The Wells Fargo Platinum Visa is a solid choice for those looking for a no-fee card wiAPRa lengthy intro A.P.R. period.

    Features of the Wells Fargo PlatinumAPRsa

    • 18 months of 0% A.P.R. on purchases and qualifying balance transfers
    • Cell phone insurance
    • Good or excellent credit required
    • No rewards points

    The Wells Fargo Platinum Visa is a good option for those with good to excellent credit looking for a nAPRee card with an intro A.P.R. period.

    Which Companies/banks Use Transunion

    – casual gastronomist –


    …I’ve figured out where some of the different banks get their reports:RBC Scotiabank TD HSBC PC Financial: Sears Card/JPMorgan Chase: Desjardins Capital One GE money Citibank CUETS/Credit Union Mastercard Wells Fargo National Bank of Canada: MOST Credit Unions As well, here are some of the cell phone providers:Telus: Bell/Solo: Rogers/Fido: I’ve also never heard of anyone that relies on information from a rather clandestine source, namely NCB . If anyone knows who uses their reports, I would love to find out. As a matter of fact, I got my report for them and there were *NO* inquiries from any one, and not all of my accounts showed up on there….

    Read Also: Cabelas Credit Card App

    Why Do Bureaus Have Different Credit Scores

    Aside from TransUnion and Equifax, the third major credit bureau is Experian. The big three maintain databases containing information on more than 220 million American consumers.

    The companies sell the information to lenders, banks, debt collectors, and other entities that wish to review your creditworthiness and financial history during any application process. But your credit reports arent necessarily the same at all the credit bureaus.

    When it comes to the difference between TransUnion and Equifax, the important thing to remember is that the companies generally rely on the same factors to come up with credit scores. Still, those factors are evaluated using different credit-scoring models.

    Of course, there might also be slight variations in the data used to generate the scores because the major credit bureaus dont necessarily get the same information from lenders and creditors.

    Its also worth noting that some lenders and creditors focus exclusively on scores that emphasize the information relevant to a particular industry, while others choose to blend your TransUnion or Equifax credit score with the scores from Experian.

    Have The Right Credit Card

    If you’re interested in spending significant amounts of time abroad, or even moving overseas, use a credit card with no foreign transaction fees until you get your first credit card in your new country of residence. That way you aren’t paying fees every time your swipe your card abroad.

    We evaluated 127 popular credit cards offered by major banks, financial companies and credit unions that allow anyone to join and have no foreign transaction fees to find the best of the best.

    Here are Select’s picks for the best credit cards with no foreign transaction fees:

    Also Check: Cabelas Credit Card Apr

    Re: Who Uses Transunion

    Iâm in Oregon and Chase used TU â Subaru uses Chase.

    What I did was call around all the dealers, asked to talk to the Finance Manager and asked which report they pulled, and whether they used regular FICO or auto-enhanced FICO.

    My TU was WAYYY higher, and somehow, by some miraculous occurance, the dealer talked the local credit union into going w/ my TU score even though they use EQ!

    Transunion Is Accurate But May Conflict With Other Scores

    The only way your TransUnion credit score wouldnt be accurate is if you found errors on your TransUnion credit report, which would in turn affect your credit score. Unfortunately, errors can happen from time to time.

    You can check your TransUnion score and report directly from TransUnion for $1. This also includes a 7-day trial of their credit monitoring services.

    $99.95/year 8.5/10

    Now, different credit scores use different scoring methods. For example, the VantageScore credit score is based on a scale from 500 to 990 whereas FICO is based on a scale from 300 to 850.

    Therefore, if you check your TransUnion score and see that you have a 675, thats a poor credit score. But if you go to FICO and see that you have a 675, thats a good credit score.

    VantageScore also weights each factor differently than FICO, as you can see below.

    This chart provides an overview of how credit scores are calculated differently by VantageScore and FICO.

    Technically, credit scores are accurate according to wherever you get them from .

    So, the question youre really asking is, Which score do lenders use?

    You May Like: Discover Student Credit Card Requirements

    Q How Do I Restore My Credit After Ive Been A Victim Of Fraud

    A. As a victim, you are required to take steps to protect your rights. A criminal using another persons identity usually uses the persons name and credit information for a short time. Your credit may have been damaged in the process. With your help and patience, we can help you resolve your situation. To make the process as manageable as possible, we have prepared the following procedures to help you resolve any problems with your creditors, remove inaccurate information from your credit report and prevent any further fraud from occurring. We hope these steps will help clarify your situation.

    The following steps will assist you to restore your credit:

    Transunion Vs Equifax: Whats The Difference

    Over $40,000 in Credit Cards Pulling TRANSUNION ONLY! Minimum 500 Credit Score| Rickita
  • Frequently Asked Questions
  • Your credit report is perhaps the best indicator of your financial health. These are used by lenders to evaluate your trustworthiness and often determine if you can get a new credit card, a loan, or even a job.

    This extensive summary of your payment history and debts is compiled by credit reporting agencies. And although these agencies generally perform the same tasks, each bureau uses different models and criteria to generate the reports.

    The following article takes a closer look at two leading credit bureaus by diving into the TransUnion vs. Equifax comparison.

    You May Like: My Conoco Card Com Activate

    Why Does Credit Pull Lower My Score

    Each time you apply for a new credit card, installment, or car loan, the creditor will do a hard pull on your credit report. This hard pull will ding your credit score by a few points. Credit pulls can lower your credit score because they indicate that youre applying for new credit.

    If youre planning to apply for a new credit card, compare the terms and conditions of different cards before you apply to minimize a credit pulls impact on your credit score.

    What is a good credit score?

    A good credit score is typically considered to be anything above 700. However, many different factors go into determining your credit score. Therefore, its important to track your credit score over time and compare it to the credit scores of other people in your demographic.

    If youre looking for a way to improve your credit score, be sure to check out our guide to improve your credit score. This guide includes tips on building good credit habits and how to dispute inaccurate information on your credit report.

    What is a bad credit score?

    A bad credit score is typically anything below 600. However, many different factors go into determining your credit score. Therefore, its important to track your credit score over time and compare it to the credit scores of other people in your demographic.

    Why Does This Matter To Consumers

    If it were up to a credit card applicant to decide, they obviously would want a card issuer to pull a report that contains the most favorable information most notably their credit score.

    However, an applicant has no say in the matter. Therefore, a card issuer could pull your report from Experian, for example, and it shows a credit score of 680, while your Equifax report puts your score at 700 and your TransUnion report puts it at 710.

    As such, the Experian report indicating a credit score of 680 might lead to less desirable terms, such as a higher APR for a credit card.

    Ted Rossman, industry analyst for, says which credit bureau is used also might come into play if youve set up a credit freeze with one bureau but not the two others.

    Furthermore, he says, one or more credit bureaus might supply inaccurate information such as a late payment on a credit card account when you actually had no late payments that could hinder your ability to get credit.

    See related: How to dispute an error in your Experian credit report

    Read Also: Pay Best Buy Citi Card

    Open A New Credit Card Account

    Opening a new credit account will be your next option if your current credit card provider will not increase your credit limit. You essentially accomplish the same things as your available credit limit increases.

    You must repay your balances on your credit card account every month and avoid using over 30% of your available credit. This is a good option if you want to improve your credit score.

    Donât Miss: How Long Repossession Stay On Credit Report

    What Is A Good Credit Score In Canada Transunion

    Which Credit Reports Do Lenders Pull for Credit Card Applications ...

    Generally speaking, the average Canadian credit score sits between 650 and 900. A credit score of 300 would be considered very poor, while 900 would be regarded as excellent. Generally, TransUnion says you will be approved for a standard loan if your credit score is between 720 and 750, but your score could negatively impact your ability to obtain new credit if that number is lower.

    Recommended Reading: Cabelas Reward Points

    More articles

    Popular Articles