When you apply for a credit card, the card issuer may check your credit score from Experian, Equifax, or Transunion – or all three. Companies don’t typically disclose which credit bureau they use when checking consumers’ information and there is no guarantee that they will choose a particular one. However, some banks have been known to use one credit bureau more than the others. The state that you reside in might also have an impact on which credit bureau your company will use.
Following are a few examples of credit card companies that use Experian more than other bureaus in general.
American Express:
American Express is known to use Experian the most compared to other credit card companies. It almost always uses Experian exclusively, almost 90% of the time, for a hard inquiry when assessing a credit card application.
Bank of America:
Bank of America also usually uses Experian for about 80% of the time to pull credit reports. For specific cards, they may use TransUnion. In case the applicant has frozen their Experian report, they will most probably use TransUnion.
Chase:
While Chase generally uses Experian slightly more than the other bureaus, the choice of credit bureau may change according to the state you reside in. Some states might prefer TransUnion or Equifax over Experian and some might pull data from at least two bureaus for each application.
Citi:
Citi commonly uses Experian or Equifax to pull credit reports. For some applications, they may use both for a credit pull. Very rarely do they use TransUnion.
Wells Fargo:
Wells Fargo uses Experian around 40% of the time followed by TransUnion and Equifax. The bureau it uses to pull credit reports from also depends mostly on the applicant’s state of residence.
FAQs
Which credit cards use Experian only? Some credit cards that use Experian only reportedly include Chase Sapphire Preferred and the Citi Premier Card, among others.
What lenders use Experian only? ›
Which credit cards use Experian only? Some credit cards that use Experian only reportedly include Chase Sapphire Preferred and the Citi Premier Card, among others.
What credit score is very good on Experian? ›
Is Experian more important than FICO? ›
More banks and lenders use FICO to make credit decisions than any other scoring or reporting model.
Is Experian score of 750 good? ›
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good.
What credit score do you need to get a $30,000 loan? ›
Requirements to receive a personal loan
This allows them to look at your history from the past seven years and see whether you've typically made payments on time. For a $30,000 loan, you'll typically need a credit score above 600 just to qualify or above 700 to get a competitive rate.
How rare is an 800 credit score? ›
According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.
How rare is a 700 credit score? ›
Credit score distribution: How rare is an exceptional 800 to 850 score?
| FICO® Score range | Percent within range |
|---|
| 650-699 | 12% |
| 700-749 | 17% |
| 750-799 | 24% |
| 800-850 | 23% |
4 more rowsMay 31, 2023
A credit score of 900 is not possible, but older scoring models that are no longer used once went up to 900 or higher. The highest possible credit score you can get now is 850.
Who has the most accurate credit score? ›
The primary credit scoring models are FICO® and VantageScore®, and both are equally accurate. Although both are accurate, most lenders are looking at your FICO score when you apply for a loan.
Capital One appears to pull from any of the three major credit bureaus: Experian, Equifax and TransUnion. Though all evidence is limited to anecdotal data, Capital One does seem to rely on specific bureaus in some states, though this is not a guarantee.
Why is my Chase credit score different from Experian? ›
It's possible to receive different credit scores from the three main bureaus, but don't worry. There could be several reasons why this happens, including: The credit bureaus didn't receive the same information about your credit or payment history. The bureau used a different version of the VantageScore model.
What is a good credit score to buy a car? ›
Your credit score is a major factor in whether you'll be approved for a car loan. Some lenders use specialized credit scores, such as a FICO Auto Score. In general, you'll need at least prime credit, meaning a credit score of 661 or up, to get a loan at a good interest rate.
Can I buy a house with a 744 credit score? ›
Your 744 credit score puts you in an excellent position to qualify for these. It's also worth mentioning that interest rates can vary significantly among lenders, even for borrowers with the exact same credit score. So, if you're buying a home or car, it's important to shop around for the best loan terms.
What is a good credit score by age? ›
Consider yourself in “good” shape if your credit score is above the average for people in your age group. Given that the average credit score for people aged 18 to 26 is 680, a score between 680 and 690 (the average for people aged 27 to 42) could be considered “good.”
Do any creditors use Experian? ›
Creditors can report details about your credit accounts to the credit bureaus (Experian, TransUnion and Equifax). However, they aren't required to report account information. Some may only report to one or two of the three major credit reporting companies, while others might not report your accounts at all.
Which banks use Experian for mortgages? ›
Lenders that use Experian
- Barclays.
- Co-operative Bank.
- Halifax & Bank of Scotland.
- HSBC.
- Lloyds.
- Royal Bank of Scotland.
- Natwest.
- Nationwide.
Nationwide consumer reporting companies
There are three big nationwide providers of consumer reports: Equifax, TransUnion, and Experian. Their reports contain information about your payment history, how much credit you have and use, and other inquiries and information.
Do lenders use Experian score? ›
According to Darrin English, a senior community development loan officer at Quontic Bank, mortgage lenders request your FICO scores from all three bureaus — Equifax, Transunion and Experian. But they only use one when making their final decision.
