Banks use your credit report and credit score to evaluate whether you have the right profile to access their credit cards or not. However, they do not usually inform from which credit bureau they take the information.
Some banks do not only consider a credit bureau. Over the years, some banks have let you know which credit bureaus they take information from, allowing customers to re-evaluate their reports to determine things that could change.
Banks that take your credit information from Equifax
Banks don’t typically use a single credit bureau to approve your credit cards. Still, many have Equifax as their primary entity or often use this information to support their products.
Discover
It was the first bank to offer a credit card with cashback; it has benefits depending on the card you have; some Discover credit cards that use Equifax to evaluate your information are:
- Discover Cash Bank
- Discover Balance Transfer
- Discover Miles
Each one has different benefits, but they consider your Equifax credit score to approve you or not.
Chase Bank
Chase Bank is one of the leading banks in the United States and has different credit cards to suit your credit needs. Among the cards that will take the information from Equifax are:
- Chase Freedom Flex
- Chase Unlimited Freedom
- Chase Slate Edge
CITIBANK
CITIBANK is among the oldest banks in the United States. Since 1812 is the largest credit issuer in the country. It usually uses different credit bureaus to determine whether you are eligible or not to access the benefit. However, it uses Equifax for the approval of:
- Citi Double Cash Card
- Citi Premier Card
Both have many benefits regarding their annual APR and the rewards earned by redeeming points earned on purchases. However, you must have a good credit history with Equifax.
Issuers pull data from other credit bureaus in addition to Equifax
It’s important to remember that inquiries made by credit card or loan issuers typically impact your credit report, so they don’t always use the same bureau.
Generally, banks use at least two different credit bureaus to obtain your information and either approve or reject your benefits. Equifax is usually the default bureau used, so most focus on improving your score with this bureau.
In addition, each credit bureau specializes in specific information, Equifax is an expert in fraud information, but for educational credit score information, the best is TransUnion.
The bureau chosen by creditors will depend on the information they want to obtain; they can look at all of them or just Equifax. This information is complicated to determine because banks frequently do not disclose which one they will use. In conclusion, the idea is to maintain a good score in all the agencies to have better possibilities and access to better interest rates.