lobbythis wrote:TXviking wrote:lobbythis wrote:Having a bank account with them makes absolutely no difference. Multiple reps told me this before I started my credit card relationship with Chase. Matter of fact, not one bank I have ever spoken to said that having history with them would do any help at all. Not sure where those rumors ever came from.
Back in the days before everything was in databases and credit reports became the standard way to evaluate creditworthiness, your prior relationship with the bank actually mattered. Nowadays, "relationship" has zero value.
Ok, makes sense. That was before my time then.
Before mine too. But I've heard about it. Actually took a freshman seminar on this many moons ago (1996) titled "Credit cards, debt and American society". That class was where I first started learning about how credit reporting works, and that particular point about relationships mattering more in the past was one the professor made.