What is JPMCB Card Services?
JPMCB Card Services, which stands for JPMorgan Chase Bank, is a credit report code that you might come across when reviewing your credit report. It usually appears as a hard credit inquiry if you’ve applied for a Chase credit card or have been added as an authorized user on someone else’s Chase card.
Types of Chase Credit Cards
JPMorgan Chase Bank offers a variety of credit cards to suit different needs and preferences. These cards include:
- Chase Freedom Flex
- Chase Freedom Student
- Chase Freedom Unlimited
- Chase Sapphire Preferred
- Chase Sapphire Reserve
- Ink Business Cash
- Ink Business Unlimited
- Ink Business Preferred
Chase Co-Branded Cards
Chase also partners with other companies to issue co-branded credit cards, such as:
- Aer Lingus Visa Signature
- Amazon Prime Rewards Visa Signature
- British Airways Visa Signature
- Disney Premier Visa
- Disney Visa
- Iberia Visa Signature
- IG Rewards Club Premier
- IHG Rewards Club Traveler
- Marriott Bonvoy Bold
- Marriott Bonvoy Boundless
- Southwest Rapid Rewards Performance Business
- Southwest Rapid Rewards Plus
- Southwest Rapid Rewards Premier
- Southwest Rapid Rewards Premier Business
- Southwest Rapid Rewards Priority
- Starbucks Rewards Visa
- United Business
- United Club Infinite
- United Explorer
- United Gateway
- World of Hyatt
Distinguishing Between Hard Inquiries and Soft Inquiries
A hard inquiry occurs when a creditor checks your credit history in response to a credit application, which can lower your credit score by a few points. Each time you make an inquiry, it is recorded by one or all of the three major credit bureaus: Equifax, Experian, and TransUnion. Having too many hard inquiries in a short period can cause significant damage.
On the other hand, a soft inquiry occurs when a company checks your credit for background checks, prequalification purposes, or when a current creditor reviews your credit situation. Soft inquiries don’t affect your credit score.
How JPMorgan Chase Bank May Trigger a Hard Inquiry on Your Credit Report
If you’ve applied for any of the credit cards listed above, it’s possible that JPMorgan Chase Bank (JPMCB) triggered a hard inquiry on your credit report. Hard inquiries, also known as hard pulls or hard credit checks, can have a negative impact on your credit score.
When you apply for a new credit card, you give credit card issuers permission to check your credit history. This authorization is typically included in the application disclaimer. In the case of JPMCB credit cards, submitting an application serves as the bank’s authorization to investigate your credit.
Even if you don’t remember applying for a JPMCB card, a hard inquiry can remain on your credit report for up to two years. Be aware of the potential impact of hard inquiries on your credit score and consider applying for credit only when you need it.
Reasons JPMCB May Appear on Your Credit Report
Understanding why JPMCB is on your credit report is essential for managing your credit score effectively. Here are some possible reasons for JPMCB’s appearance on your credit report:
1. You Received a Preapproved or Prequalified Offer from Chase
Credit card issuers like Chase may conduct a soft credit check to assess whether you qualify for preapproved or prequalified offers. Although this soft inquiry doesn’t impact your credit score, it may appear on your credit report. If you decide to apply for the card, a hard inquiry will follow, which can affect your credit score.
2. You Applied for or Have a Chase Credit Card
If you applied for a Chase card, JPMCB would have initiated a hard inquiry on your credit report, even if your application was rejected. Hard inquiries can influence your credit score for about 12 months and remain on your credit reports for two years.
3. You Were Added as an Authorized User on a Chase Credit Card
Being an authorized user on someone else’s Chase credit card can also cause JPMCB to show up on your credit reports. As an authorized user, you can use the card, but you’re not responsible for making payments. The primary cardholder’s payment history and credit utilization rate may appear on your credit report if the card issuer reports authorized user activity to three major credit bureaus.
4. A Fraudulent JPMCB Account Was Opened in Your Name
If you notice JPMCB on your credit report but haven’t applied for or used a credit card from Chase, you may be a victim of identity theft or fraud. Alternatively, it could be an error. In either case, you should take steps to address the issue and remove the unauthorized account from your credit report.
5. You Closed an Account with JPMCB Card Services
JPMCB may still appear on your credit report if you previously had a Chase card that you closed. Closed accounts can remain on your report for an extended period, up to 7 years if closed in negative standing or 10 years if closed in good standing. As a result, you might see JPMCB on your credit report even if you closed an account years ago.
Identifying and Addressing Unauthorized Inquiries
If you find an unauthorized inquiry from JPMCB on your credit reports, it’s crucial to act promptly to protect your credit score and personal information.
- Contact Chase: Reach out to Chase’s customer service to discuss the unauthorized inquiry. They can provide further information about the inquiry and help you determine if it’s a case of identity theft or an error.
- Dispute the inquiry with the credit bureaus: If the inquiry was made in error or without your authorization, dispute it with the credit bureaus that are reporting it. Each credit bureau has its own dispute process, which usually includes submitting a dispute form online, through the mail, or over the phone. Provide any necessary documentation to support your claim.
- Monitor your credit reports: After filing a dispute, keep an eye on your credit reports to ensure the unauthorized inquiry is removed. It’s also a good idea to regularly monitor your credit reports to spot any other potential errors or signs of identity theft.
- Consider a fraud alert or credit freeze: If you suspect identity theft, place a fraud alert on your credit reports. This action requires creditors to verify your identity before granting new credit. Alternatively, you can consider a credit freeze, which prevents new creditors from accessing your credit reports, making it more difficult for identity thieves to open new accounts in your name. Remember to weigh the pros and cons of each option before proceeding.
How to Remove JPMCB Card Inquiries from Your Credit Report
If you need assistance in removing inquiries or other negative items from your credit reports, consider working with a reputable credit repair company like Lexington Law. They have years of experience and have helped millions of clients remove negative marks from their credit reports.
They can help you dispute and potentially remove the following items:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take the First Step Toward Better Credit Today
If you’re ready to work on improving your credit, reach out to Lexington Law. Visit their website and fill out their form to get started on your credit repair journey. By taking this step, you’ll be on your way to a brighter financial future.
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