The JCPenney Credit Card reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. JCPenney Credit Card reports the card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. Synchrony Bank may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.
Once JCPenney Credit Card reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New JCPenney Credit Card cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.
The JCPenney Credit Card credit score requirement is 640 or better. That means people with fair credit or better have a shot at getting approved for the JCPenney Credit Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the JCPenney Credit Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the JCPenney Credit Card credit score requirement. You can check your credit score for free on WalletHub.
Synchrony Bank uses four major credit bureaus (TransUnion, Equifax, Experian and Innovis) in order to assess your creditworthiness. Credit reports, however, don’t differ that much from bureau to bureau as they all get their data from data furnishers who supply nearly all of their trade lines to each of the … read full answerlargest bureaus. So there’s a huge overlap between the contents of each your major credit reports. If you’d like to know where you stand, you can get your full report and score for free, right here on WalletHub.
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