Does anyone know if the Barclaycard FICO is accurate?

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MemberSince99
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Does anyone know if the Barclaycard FICO is accurate?

Postby MemberSince99 » Wed Dec 25, 2013 9:50 am

They say it's a FICO, which to me means not a FAKO but a genuine FICO score.


I set my account to let them show me what it is and they say on 12/20 it was 799. (TU).


That seems quite a bit higher than I was expecting so I'm wondering if anyone has actually purchased a FICO score from MyFICO and compared the two?


RewardHop
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Postby RewardHop » Wed Dec 25, 2013 12:57 pm

I got my EQ FICO recently and it was a few points lower than the TU FICO on Barclaycard.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

MemberSince99
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Postby MemberSince99 » Wed Dec 25, 2013 1:26 pm

Mine vary by a few points too.


You didn't get the TU FICO to compare? I know it's a waste of money except to compare apples to apples for accuracy.


Then again, who knows which TU model Barclay's uses? I believe MyFICO uses TU08 if I understand that correctly, maybe Barclay uses a different model?

RewardHop
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Postby RewardHop » Wed Dec 25, 2013 1:30 pm

MemberSince99 wrote:You didn't get the TU FICO to compare? I know it's a waste of money except to compare apples to apples for accuracy.

Then again, who knows which TU model Barclay's uses? I believe MyFICO uses TU08 if I understand that correctly, maybe Barclay uses a different model?


I didn't purchase it. Yeah its very possible its a different model..
[size=60]

Amex BCE: 3% grocery, 2% gas

Bank of America Better Balance Rewards MC: $25/quarter bonus

Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities

Capital One Quicksilver Visa Signature: 1.5% everything

Chase Freedom Visa Signature: 5% rotating

Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com

Discover It: 5% rotating

SallieMae MC: 5% Groceries, Gas, Amazon

US Bank Cash+ Visa Signature: 5% electronic stores, restaurants

Sock Drawered: Chase Sapphire, Chase Amazon[/size]

MemberSince99
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Postby MemberSince99 » Wed Dec 25, 2013 3:31 pm

That's what I'm guessing too. MyFICO would probably give me a different score.


When I got the card I looked through the paperwork for my score. I didn't find it. So I thought I must have gotten the best terms and I checked and they did that so they don't have to give me a score and it's not there. But I guess it's kind of moot since you can just get it on their site anyway.

thom02099
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Postby thom02099 » Wed Dec 25, 2013 4:59 pm

MemberSince99 wrote:They say it's a FICO, which to me means not a FAKO but a genuine FICO score.


I set my account to let them show me what it is and they say on 12/20 it was 799. (TU).


That seems quite a bit higher than I was expecting so I'm wondering if anyone has actually purchased a FICO score from MyFICO and compared the two?


To answer your initial question...yes, it's accurate. If it says FICO, then it is.

Barclays, like WalMart and Discover, provide the TU08 model. MyFICO TU score is TU98. Neither are used much by lenders. TU04 is commonly used by most lenders, though there appears to be more movement toward the TU08 model. Hence, these providers supplying TU08 scores.
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

Ikarus
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Postby Ikarus » Wed Dec 25, 2013 6:33 pm

Very true about the differences.

Merrick Bank showed my FICO as 737 when I applied for in April. But Chase showed my FICO as 708 when I applied for their card.

My two new recent cards added 10K to my overall available credit.

Merrick now shows my FICO as 743. My latest Discover statement shows 724. I guess it will be higher next statement?
Merrick Bank (Hooters) 4100
Cap One Quicksilver 2800
Discover it 2500
Citi Forward 5400
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 5600
Cap One Visa Platinum 750 (CLOSED)



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