Chase to Issue Credit Cards to People With No Credit Score (WSJ) – The Credit Shifu

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Hey credit warriors and we have some interesting news especially for people who haven’t built their credit score yet, maybe you only just graduated from college or you’re a new immigrant to the country. According to a Wall Street Journal report Chase and several other banks are considering using bank data in addition to traditional credit scores to make lending decisions for credit cards. Let me read you some of this article.

JPMorgan Chase JPM +0.30% & Co., Wells Fargo WFC +1.59% & Co., U.S. Bancorp USB +0.51% and others will factor in information from applicants’ checking or savings accounts at other financial institutions to increase their chances of being approved for credit cards, according to people familiar with the matter. The pilot program is expected to launch this year.

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26 comments

Willard Yoder May 17, 2021 - 9:56 pm

Agenda 2030 in full swing 😳

Reply
ExtraServings Tech + BTS May 17, 2021 - 10:03 pm

PLADDDDDDDDDDDDDDDDDDDDDD

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Matthew Rivers May 17, 2021 - 10:12 pm

Will the 5/24 rule still apply

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Rob_in Japan May 17, 2021 - 10:15 pm

Did you read their article on people who never close their first credit card account?

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D May 17, 2021 - 11:19 pm

Change the title to something more accurate; “New economic crash incoming” lol

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The Money Farmer May 17, 2021 - 11:27 pm

Seriously – who gave this video a "thumbs down"??? Thanks for the info!

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I Cast Eldritch Blast May 17, 2021 - 11:54 pm

The way the write the contract to apply tho is that they can check bank info for EVERYONE even if you have a credit score. Yea, it will probably help some people, but its also another way to play fast and loose with all of everyone's financial info.

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yourfavpersuasion May 18, 2021 - 12:34 am

okay what about people who thin files who have less cards!!?

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CLS63AMG WAGON May 18, 2021 - 3:21 am

Bruh I just got denied for the CFU with 730 credit score and a ton of better cards than the CFU bc I thought it would be an easy card to get, had to get the CFStudent wtf

Reply
Boss Bogan May 18, 2021 - 7:54 am

We love THICC files lol 😛

Reply
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Reply
Jeremy Moore May 18, 2021 - 7:53 pm

Credit shift,

Did you see the newly upgraded Capone savor cards. New categories and upgraded ones. Cap One is competitive now with the other issuers.

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Frank Chavez May 19, 2021 - 1:41 am

I don't care what they tell you it's just a way for banks to saddle more people with debt they DON'T need. Mark my words many will regret this cause just because you know how to balance a check book does not mean you know how to handle credit.

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A Light May 19, 2021 - 6:43 am

Can you make a video about how to actually use travel pints? (For dummies)
So I have my points in Chase or US Bank or Citi so how can I redeem them? How to actually transfer or how can I actually convert them to flight and how to know it’s worth it instead or cash?

Reply
Mark Kinney May 19, 2021 - 9:07 am

This to help the usher in illegal migrants to our financial system before amnesty. The banks have already found loopholes to give them bank accounts. This is going to jump start their stability as the largest population in the U.S.

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Nem May 19, 2021 - 1:05 pm

Not only do you have bad credit and massive amounts of student loan debt but you’ve only got $3.50 in your checking account.

=DENIED=

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KingandQueen 2019 May 19, 2021 - 6:04 pm

This is so dumb…You skip over people who even have a decent score in the 6's you will turn them down.

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Lita B May 19, 2021 - 10:44 pm

The US is getting rid of the credit score system in the next 5ish years and these banks, Experian, Equifax, etc., Are trying to get ahead of it to stay in business. Financial worth will be based on bank account health, payments for utility bills, etc., Not credit. I for one am happy to see the old system go 🙌🏾

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james Scott May 21, 2021 - 7:16 pm

Thanks to the guys that recommended brutecash on telgram

Reply
Chris Lemaster May 22, 2021 - 6:17 pm

YOU CAN GET A CAPITAL ONE REGULAR CREDIT CARD JUST BASIC. ILL STICK WITH CAPITAL ONE WHATS IN YOUR WALLET?

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Michel Dred May 22, 2021 - 6:39 pm

10k was deposited into my credit account I’m thanking GOD for sending spechackers on !G for saving my family

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shaliga Suksomsong May 26, 2021 - 1:57 am

pretty much you have to be a credit virgin no track record of financials

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Julian Gomez May 28, 2021 - 3:44 pm

10k was deposited into my credit account I’m thanking GOD for sending spechackers on !G for saving my family

Reply
Julian Gomez May 28, 2021 - 3:44 pm

10k was deposited into my credit account I’m thanking GOD for sending spechackers on !G for saving my family

Reply
Davie James May 28, 2021 - 3:46 pm

I recommended spechackers on !G they are my helper

Reply
Davie James May 28, 2021 - 3:46 pm

I recommended spechackers on !G they are my helper

Reply