When you apply for a Chase credit card, Chase will pull your credit report from one or more of the three major credit bureaus – Experian, Equifax, and TransUnion. But which credit bureau does Chase use when they perform a hard inquiry on your credit? The answer depends on several factors
Overview of Credit Bureaus
There are three major consumer credit bureaus in the United States
-
Experian – One of the largest credit bureaus globally. Experian has credit records for more than 235 million U.S. adults.
-
Equifax – Another large credit bureau with credit records for more 210 million US, adults
-
TransUnion – TransUnion maintains credit records for about 200 million U.S. adults.
These credit bureaus get information about people’s credit from lenders, banks, and other places. They put this information together in credit reports that lenders can buy to see how creditworthy a person is.
While these three bureaus have similar data, the information in your credit report at one bureau may differ somewhat from the other two. This is because not all lenders report to all three bureaus.
Why Do Credit Card Issuers Pull Credit Reports?
When you apply for a new credit card, the card issuer will pull your credit report for a couple of reasons:
-
They want to look at your credit history to see if you’re a good credit risk and decide if you’re creditworthy. Factors like payment history and debts influence your credit score.
-
To make lending decisions – Your credit report helps issuers decide whether to approve your application. It also assists in setting your credit limit, interest rate, and other terms.
-
To avoid fraud: Checking your credit report helps prove who you are and can let creditors know about possible fraud.
-
For marketing – Your credit report provides insights used for marketing purposes like targeting offers.
What Credit Bureau Does Chase Use?
Chase doesn’t exclusively use one credit bureau over the others. All three can be accessed, and when you apply for a Chase card, they may pull your credit report from any of these three companies.
According to available data from users sharing their application experiences, Chase seems to pull TransUnion most often. But again, it varies.
Here are some factors that determine which credit bureau Chase uses:
-
Your location – In some states, Chase tends to pull more often from one bureau.
-
The card you’re applying for – Chase may favor one bureau for certain card products.
-
Agreements with the credit bureaus – Contracts may require a minimum number of pulls from a bureau.
-
Cost – Pulling from one bureau may be cheaper than pulling multiple reports.
Examples by State
Here are a few examples of which credit bureau Chase commonly pulls based on the applicant’s state, according to user-reported data:
- California – Mostly Experian
- Texas – Mostly Experian
- Florida – Mostly Equifax
- New York – Mixed between Equifax, TransUnion, and Experian
As you can see, it varies quite a bit by location. Even within the same state, it can depend on the specific Chase card you’re applying for.
Examples by Credit Card
And here are some examples of which credit bureau Chase tends to pull for specific card products:
- Chase Sapphire Preferred – Most often Experian or Equifax
- Chase Freedom – TransUnion or Equifax
- Chase Ink Business Cards – Majority Experian
- Chase United MileagePlus Cards – Slight preference for Equifax
But again, these are tendencies only. It’s not guaranteed which bureau Chase will use for any given application.
Does Chase Perform a Hard or Soft Pull?
When you apply for a new credit card, Chase will perform a hard inquiry on your credit report. This means it will show up on your report and temporarily ding your credit score.
Soft credit pulls used for pre-qualification or account review purposes don’t impact your score. But applications require a hard pull.
How to Check Which Credit Bureau Was Used
Wondering which bureau Chase pulled for your recent application? There are a couple of ways to check:
-
Check the letters from Chase approving or denying your application – These often indicate the credit bureau they pulled.
-
Review your full credit reports – The hard inquiry from Chase should show which bureau they checked.
-
Call Chase and ask – A customer service agent can look back and tell you which credit report they accessed.
The Takeaway
Chase frequently pulls credit reports from all three major bureaus – Experian, Equifax, and TransUnion when you apply for a new card. But they may favor one bureau over the others depending on factors like your location, the specific card, and agreements with the credit bureaus. Checking your credit reports and approval/denial letters can help determine which one they used.
Does Chase report authorized users to credit bureaus?
Yes, Chase includes authorized users in their credit reporting. When an authorized user is added to a Chase credit card account, their details are sent to the same bureaus that receive the account information: Equifax, Experian, and TransUnion.
The authorized user’s credit report will show the accounts activities, such as payment history, credit utilization, and account status. This can help the authorized user build or improve their credit score, but its crucial to manage the account responsibly as negative actions, like missed payments or high credit utilization, can also affect the authorized user’s credit report.
What credit bureau does Chase use?
Chase submits credit data for personal accounts to the three major credit bureaus: Equifax, Experian, and TransUnion. This includes details such as payments, changes in credit limits, and account status. Regular, timely payments can enhance your credit score with these bureaus, whereas late payments or high credit utilization might lower it. Reporting to all three ensures that your credit history is thoroughly recorded, which can be beneficial when you apply for new credit or loans.
For business accounts, Chase reports to Equifax, Experian, and Dun & Bradstreet. These agencies specialize in business credit reporting, which differs from personal credit reporting. Business credit reports help companies establish their creditworthiness and financial stability, which is important for obtaining business loans, lines of credit, and favorable terms with suppliers. This reporting includes payment history, credit utilization, and any changes in credit limits or account status, helping businesses build and maintain a strong credit reputation.
What Credit Score Does Chase Use? – CountyOffice.org
FAQ
What credit bureaus does chase use?
Each Chase card has its own credit bureau usage profile that varies from state to state. For example, one Chase card may use Experian in California while another uses TransUnion. Unfortunately, Chase does not publicize its bureau usage profiles, so indications of which bureaus Chase uses is tenuous.
Do Chase credit cards use different credit bureaus?
Fans of Chase credit cards may want to obtain more than one card, or have a negative mark on one report that may hinder their odds that doesn’t appear on another. If this describes you, read on to see which cards use which bureaus in which states. Each Chase card has its own credit bureau usage profile that varies from state to state.
Which Chase credit cards use Experian?
The Chase Sapphire Preferred® credit card is another of the Sapphire credit cards offered by Chase. It also uses Experian as its main credit bureau and gives extra points for making a certain number of purchases in the first three months.
What credit scores does Chase offer?
Here’s a list of Chase’s personal cards and suggested credit scores for approval: Credit scores are divided into ranges including Good, Poor, Fair and Excellent. VantageScore and FICO Score are the two main ways that credit scores are calculated, and each has its own ranges.
What credit report information does chase use?
Anecdotal feedback from readers and online studies suggest that Chase uses credit report information from Experian the most. If you live in a certain state, though, the bank may get your credit report from either Equifax or TransUnion.
Which Chase credit card is best?
Chase is known for offering many of the best credit cards in the consumer market, and you can find perennial favorites such as the Chase Sapphire Preferred® Card in restaurant checks or travel wallets wherever you go. Chase has a wide range of cards to offer, but most require an excellent credit score for qualification.
Which credit score does Chase use?
What credit bureau does Chase use?
Is Chase hard to get approved for?
To qualify for the Chase Sapphire Preferred and Chase Sapphire Reserve, you’ll likely need very good (740 or higher) to excellent credit (800 or higher). However, you’ll have the best odds of approval for any Chase card if your credit score is in the very good to excellent range.
What payment network does Chase use?
The store, known as the merchant, sends the transaction to the network. In this case, the network is Visa. Visa then sends the transaction to the card issuer, Chase.