We applied for the Bank of America cash rewards Visa last weekend - it'll probably rotate in as our main card (*sniff*, bye, Amazon points!) since we enrolled in some Preferred Rewards malarkey that increases our rewards by a decent percentage if you funnel it into a BoA account. Whatever. Really, the only reason we got it is because Costco is phasing out its relationship with American Express next March and I didn't want to only have one true credit card.
SO. We got a notice in the mail from BoA today, addressed to my mister, saying his request for credit has been approved and that his current Equifax score is 737. "Huh," I thought to myself. "Why isn't it higher than that?"
We pay off three joint cards every month. No missed payments. Nothing. Nada. No student loans, no mortgage, no car loans. No debt beyond our rotating credit on the cards.
I came on here and searched the forum archives for info on "credit score", then hauled myself over to creditkarma.com, made myself an account (for me, not for my mister), and lo and behold, according to them, MY scores are 827 (Trans) and 824 (Equifax). So what the heck? Why would my score be 90 points higher than my spouse's? Even if they're off by a bit, I don't get why there's any discrepancy at all.
We applied for two cards this year - the True Earnings AmEx from Costco and this BoA rewards card, but both are joint. I just don't get it.
The ONLY thing that is not in both our names is my car, which I took out a loan for, then paid it off within five months two years ago. Is that it?