Do Credit Card Issuers Use FICO or VantageScore Credit Scores?
The credit card is the default preferred method of payment for almost 200 million consumers, according to Experian. Thanks to most card-using consumers having more than one credit card, the number of cards in circulation as of Q3 2023 was “close to 569 million,” again according to Experian. Every single one of those cards is the result of an application, a credit report and credit score, underwriting, and then a decision by the card issuer. Given there are only two credit score... read more »