Are Credit Card Approvals Based on FICO Scores

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Posted: Tue Aug 31, 2004 10:36 pm
Post subject: Are Credit Card Approvals Based on FICO Scores
Clyde
Date: 4/9/2001 10:45 pm CDT

Do you see a correlation between one's FICO scores and the credit card rate and limit granted?

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Posted: Tue Aug 31, 2004 10:37 pm
Post subject: Are Credit Card Approvals Based on FICO Scores

Dani
Date: 4/10/2001 5:18 am CDT

Clyde,

I would have to say yes. Those with higher FICO scores usually get low interest rates (estimate 9.99%-14.99%) and higher credit lines because they are considered to be more financially responsible. Unfortunately, many creditors try to determine an individual's worth on their credit score alone. Hope this helps.

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archive
Posted: Tue Aug 31, 2004 10:37 pm
Post subject: Are Credit Card Approvals Based on FICO Scores

Board Monitor - CA
Date: 4/10/2001 4:22 pm CDT

Definitely! Read a recent related article here:

http://www.bankrate.com/crt/news/mtg/20010320a.asp

Hope this helps!

Best Regards,
Curtis Arnold
CFCCT P.R. Dir.
http://www.cardratings.com

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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