The Master Credit Pulls Database Summary Thread

[BobWang]

[BobWang]

BTW, I tossed the outlier, and he knows who he is.

[BobWang]

 

 

[road2freedom]

Holy cow... nice work Bob!

[Credit Mama]

Ok now this one I understand. This is handy, thanks.

[BobWang]

Ok now this one I understand. This is handy, thanks.

Dang!

 

I must be slipping in my old age.

[hegemony]

 

 

 

thanks! now people can see how Penfed (amex at least) is relatively generous and liberal, especially compared to USAA & GE. Penfed's mean suggests the haters are wrong.

Edited August 25, 2012 by hegemony

[tifozi]

Amex Blue $25k CL at approval seems like an outlier?

[hegemony]

Amex Blue $25k CL at approval seems like an outlier?

not to me.

[BobWang]

thanks! now people can see how Penfed (amex at least) is relatively generous and liberal, especially compared to USAA & GE. Penfed's mean suggests the haters are wrong.

You are deliberately obfuscating.

 

And DON'T use my work out of context.

 

Obviously, since PenFed is the hardest AmEx to get, limits will be higher.

 

There's a reason I posted BOTH charts together.

 

I would GREATLY appreciate you citing BOTH charts, and NOT just cherry-picking my hard work.

 

Do your OWN analyses to fit your skewed view of reality.

 

P.S. I've got to take a break, this is getting WAY too annoying.

[hegemony]

thanks! now people can see how Penfed (amex at least) is relatively generous and liberal, especially compared to USAA & GE. Penfed's mean suggests the haters are wrong.

You are deliberately obfuscating.

 

And DON'T use my work out of context.

 

Obviously, since PenFed is the hardest AmEx to get, limits will be higher.

 

There's a reason I posted BOTH charts together.

 

I would GREATLY appreciate you citing BOTH charts, and NOT just cherry-picking my hard work.

 

Do your OWN analyses to fit your skewed view of reality.

 

P.S. I've got to take a break, this is getting WAY too annoying.

 

lighten up man it is the weekend!. you can thank me for not pointing out that the median is probably a better measure of central tendency for these charts since it is not very sensitive to outliers unlike the mean; instead of tossing out what is perceived as an outlier, just use the median.

 

BOA 4th hardest to get but low limits seems to counter your logic about penfed, but that's okay since it is probably due to low n-size of BOA amex cards in CP. Perhaps adding n-size to the charts would help flesh-out the contexts of the CP data.

 

I just realized I never entered my PEnfed visa approval in CP.

 

I never said Penfed was the easiest to get approved for; just that it is very liberal with limits. please don't take my words out of context.

 

in any event, this is a very useful way to compare card issuers in much easier to read charts over scrolling though CP. I will remember to point out your first chart when I mention how liberal penfed is; sorry if I upset you.

[hegemony]

BTW, if someone starts working on more charts he or she might want to announce it so that others don't duplicate the work simultaneously since it seems fairly labor intensive.

[BobWang]

 

Somebody else can do medians.

[antifeik]

Good job, thanks!

[Crashem]

Bob,

 

Love the graphs. Very helpful and illistrative. Can I suggest putting under each card the sample size? For example, PenFed AMEX (20).

 

Also, would be interesting to see scores of denials but need to think about how to express that data.

 

Another interesting way to look at this would be to show the approvals one standard deviation out. For those of you who don't know statistics, it would basically show what the range of scores for 66% of those who were approved. So a card would look like XXX amex 660-730.

 

Now if I was poking holes at this aside from the obvious data is inaccurate or not big enough sample size: The key thing I would think about is it is self fufiling. In other words, do people see the approvals and denials of others and therefore only apply if they are confident of approval because their scores match the approvals.

[BobWang]

Good suggestions, crash.

 

The sample sizes are small, and there is definitely reporting bias.

 

I have the rejection data, but they are not particularly illuminating.

 

 

There were 27 AmEx rejections ranging from Delta 570 to Blue 762.

 

Mean rejection score of 662.

 

 

2 USAA rejections, 681 & 741, mean 711

 

1 Barclays rejection at 726

[BobWang]

 

 

[OwNt]

 

 

 

thanks! now people can see how Penfed (amex at least) is relatively generous and liberal, especially compared to USAA & GE. Penfed's mean suggests the haters are wrong.

PenFed is one of the most conservative credit unions out there. If you called up and spoke with an underwriter, I have no doubt they would tell you that your limits are way over their income threshold for you.

 

They have repeatedly told me that I'm at their threshold, while every single one of my 14 other cards have much higher limits than them. I saw another poster yesterday who had a > 800 FICO and also got a toy card.

 

Perhaps PenFed's scoring formula goes something like this:

if (%FICO% >= 800 && %otherlimits% >= 15000) {

%limit% <= 1000);

} else if (%FICO% <= 800 || %otherlimits% <= 5000) {

%limit% >= 10000);

} else {

System.out.println("Sorry, you are not approved at this time.")

}

[qwerty4]

How does one get access to the flat file?

[BobWang]

How does one get access to the flat file?

I'll e-mail it to you.

[BobWang]

Oh, my file is a manual query extraction.

 

The full database is proprietary.

[caliness]

What are Low, Average, and High??

[BobWang]

What are Low, Average, and High??

Lowest score of the subset

 

Average (mean) score of the subset

 

Highest score of the subset

[hegemony]

 

 

 

thanks! now people can see how Penfed (amex at least) is relatively generous and liberal, especially compared to USAA & GE. Penfed's mean suggests the haters are wrong.

PenFed is one of the most conservative credit unions out there. If you called up and spoke with an underwriter, I have no doubt they would tell you that your limits are way over their income threshold for you.

 

They have repeatedly told me that I'm at their threshold, while every single one of my 14 other cards have much higher limits than them. I saw another poster yesterday who had a > 800 FICO and also got a toy card.

 

Perhaps PenFed's scoring formula goes something like this:

if (%FICO% >= 800 && %otherlimits% >= 15000) {

%limit% <= 1000);

} else if (%FICO% <= 800 || %otherlimits% <= 5000) {

%limit% >= 10000);

} else {

System.out.println("Sorry, you are not approved at this time.")

}

 

 

so Bob's chart showing penfed amex has the highest mean limit is wrong?

 

FICO is not everything when it comes to approvals and limits

 

DTI matters; and by DTI I don't mean utilization.

Edited August 25, 2012 by hegemony

[caliness]

Awesome. Thanks!