Chip Lupo, Credit Card Writer
@CLoop
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.
If you’d like to review your up-to-date credit score and TransUnion credit report, you can sign up for a free account on WalletHub. That way, you’ll be able to check every day to see if there’s any new information about the JCPenney Credit Card on your credit report.
People also ask
What credit score do you need for the JCPenney Credit Card?
You need a credit score of at least 640 to get the JCPenney Credit Card. That means people with fair credit or better have a shot at getting approved for this card. The JCPenney Mastercard, on the other hand, requires a 700+ credit score (good credit).
Other JCPenney Credit Card Approval Requirements
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...
read full answerDoes the JCPenney Credit Card do a hard pull?
Yes, the JCPenney Credit Card will do a hard pull on your credit when you apply for it. This might have a short-term negative effect on your credit score.
And since there’s no way to pre-qualify for this card, you better make sure you have a credit score of at least 640 (fair credit) to be considered eligible.
Which credit bureau does Synchrony bank use?
Synchrony Bank uses all three major credit bureaus (TransUnion, Equifax and Experian) in order to assess your creditworthiness. Either one or more credit bureaus may be used when evaluating a Synchrony credit card application. Credit reports, however, don’t differ that much from bureau to bureau. So, there’s a huge overlap between the contents of each major credit report.
Keep in mind that, regardless of the credit bureau(s) the issuer chooses to use, you will always see a hard pull...
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