Yes, the REI Credit Card does report to all three major credit bureaus – Equifax, Experian, and TransUnion. This means your payment history and account activity can help build your credit profile across all bureaus when managed responsibly.
Capital One the issuer of the REI Master card sends updated details about your credit card statement balance, your credit limit, any payments, fees owed, and other transactions. This monthly (Normally within 30 days) information gets updated into your credit history at each bureau.
If you use a credit card that reports to all the credit bureaus responsibly, you can build your credit score over time, but if you miss payments or max out your credit limit, you can quickly lower it.
Based on the latest data, let’s take a look at the impact your credit score can have.
| Credit Score Range | Impact |
|---|---|
| 700+ | Qualifies for best rates on loans and credit cards |
| 630-689 | May still qualify for competitive rate based on other factors |
| 580-629 | Considered subprime borrowing risk, higher interest rates |
| 500-579 | High risk of loan denial or predatory interest rates |
| Below 500 | Very high chance of loan denial, limited options |
As you can see from the above table, maintaining the highest credit score possible opens up better rates and opportunities over time. The REI Credit Card’s reporting makes it a useful tool for score building as long as you stick to responsible habits.
