If you’ve seen JPMCB on your credit reports and wondered what it’s doing there, you might want to take a look at your wallet.
Chase, which also operates as JPMorgan Chase Bank, offers financial products such as credit cards, auto loans, mortgages, and more.
If you have credit cards, one of them is likely a Chase card – and it will show up on your credit reports as “JPMCB card services.”
Table of Contents
What does JPMCB stand for and why is it on my credit report?
What is a JPMCB card?
JPMCB Card stands for JPMorgan Chase Bank Card.
JPMorgan Chase & Co. is the largest commercial bank in the United States.
Chase Bank is the company’s consumer and commercial banking division and offers its flagship Chase credit cards and private-brand credit cards to several large global corporations.
What is JPMCB card on my credit report?
This means that if you have or have applied for a Chase credit card, you will most likely see items labeled “JPMCB” on your credit report.
In addition, JPMorgan Chase may appear on your credit report under any of the following names:
- JPMCB
- JPMCB Card Services
- JPMorgan Chase Bank
JPMCB stands for JPMorgan Chase Bank. It can appear on your credit reports for several reasons, including the following.
Hard Inquiry:
If you’ve applied for a Chase credit card and authorized the bank to run your credit check, you may see a hard credit request from JPMCB card services on one or more of your credit reports. A hard credit search that can negatively impact your credit score can stay on your credit reports for up to two years. Even if you haven’t recently requested the card, you can still see the request on your report.
Soft Inquiry:
If you tried to pre-qualify for a credit card offer, you may see a soft credit request on your credit report. A soft scan doesn’t affect your credit score, but you can still see it on your credit reports.
Unauthorized Hard Inquiry:
What Happens When You See JPMCB on Your Credit Report and Don’t Remember You Authorized Hard Lending Over the Years? It can be disconcerting to realize that you may have an unauthorized hard Inquiry of your credit report.
If you find yourself in this scenario, consider these five tactics.
- Contact the company that conducted the Inquiry. Ask for proof that you consented to the study. If the bank can’t provide it, ask them to remove the request from your credit report.
- If you suspect fraud, please report it through the Federal Trade Commission’s website, IdentityTheft.gov. You can also consider making a police report.
- Block your balance. To prevent identity thieves from further using your personal financial information, consider freezing your assets. You’ll need to contact each credit bureau separately to do this, and you’re unlikely to be approved for new financial products while the ban is in effect. A credit freeze doesn’t protect your credit retrospectively, but by preventing new hard Inquiry, it can help prevent identity thieves from opening a new account in your name while your credit is frozen.
- Post a free fraud alert on your credit score with the major credit bureaus.
- Deny the unauthorized request to the credit bureaus. Credit bureaus must investigate all disputes and remove or update any information found to be inaccurate.
Authorized Users
You can also see JPMCB in your credit reports if you’ve been added as an authorized user on one of their credit cards.
Being an authorized user means that the primary cardholder has added you to their account and has agreed to the credit card issuer extending most of the terms of service to you. This means that you are allowed to make purchases up to the main account holder’s credit limit, but are not officially responsible for paying them back.
If you are an authorized user, a potential benefit is that the account and its activity will appear in your wallet. This means factors like on-time payments and a low credit utilization rate (how much of the available credit is being used at any given time) can help you build your credit score. However, be aware that your credit score could be affected if the main cardholder does not track payments.
If you were mistakenly added as an authorized user, you should be able to remove yourself from an account by calling the credit card company.
You have a holding account with JPMorgan Chase
The JPMCB card will appear on your credit report if you currently have or have had a credit account with JPMorgan Chase. Even if you have closed your account, the JPMCB card can remain on your credit report for 7 years (if the account was overdue due to missed payments) or 10 years (if the account was in good standing).
You may find your JPMorgan Chase inventory account marked as closed even if you never took any active steps to close it. This can happen due to account inactivity. It is common for lenders to close credit accounts when they have not been used for a long period.
You have become a victim of identity theft
If you see a hard request for a JPMCB card on your credit report but are certain you didn’t apply for a JPMorgan Chase credit account, it could be a sign of identity theft.
If you suspect someone is fraudulently attempting to open accounts in your name, follow these steps:
- Contact the company that did the hard Inquiry (JPMorgan Chase). Let them know that you did not consent to the study. Ask them for details (e.g. when and under what circumstances their records show the study was approved).
- Report identity theft to the Federal Trade Commission (FTC). Visit www.identitytheft.gov and answer the Inquiry to create an identity theft report and recovery plan.
- Contact any of the three major credit bureaus (Equifax, Experian, or TransUnion) and have a fraud alert posted on your credit report. You just have to contact one of the agencies; they coordinate with the others and your fraud alert is confirmed by all three.
- You may also want to freeze your funds (or get a funds lock, which is very similar).
- Check your credit reports carefully over the next few months for further signs of fraudulent activity.
What cards are under JPMCB Cards?
You may have a JPMorgan Chase Bank credit card in your wallet without even knowing it’s a Chase card. In addition to Chase-branded credit cards, the bank also issues the following cards:
- Amazon Prime Rewards Visa Signature Card
- Starbucks® Rewards Visa® card
- Southwest Rapid Rewards® Priority Credit Card
- Southwest Rapid Rewards® Plus Credit Card
- Southwest Rapid Rewards® Premier Credit Card
- United Club card
- United Explorer map
- Marriott Bonvoy Boundless® Credit Card
- Marriott Bonvoy Bold® credit card
- World of Hyatt credit card
JPMCB Affiliate
If your credit report says JPMCB but you don’t have a Chase card, you probably have a credit card with a JPMorgan Chase subsidiary. Most Chase subsidiaries are companies involved in travel and hospitality, such as airlines and hotels. However, Chase also issues credit cards to major retailers, such as B. Amazon credit cards (including Amazon Rewards Visa® Signature and Amazon Prime Rewards Visa® Signature).
JPMorgan Chase offers branded cards for the following partners:
- Amazon
- Disney
- Southwest Airlines
- Starbucks
- United Airlines
- British Airways
- Air Lingus
- Iberia
- Marriott hotels
- Hyatti hotels
- IHG Hotels & Resorts
If you see an item labeled JPMCB on your credit report, you likely have a card with one of JPMorgan Chase’s subsidiaries.
Is the JPMCB card a scam?
No, JPMCB Card is not a scam – JPMorgan Chase is a legit organization. If their name is on your credit report, it likely indicates that you have an account with them or that they have checked your credit.
If you are sure that there is activity on your credit report under the JPMCB card that should not be there, you may have been a victim of identity theft.
We will discuss the reasons (both legitimate and fraudulent) why the JPMCB card might show up on your credit report in the next section.
How will the JPMCB card affect my credit score?
There are several ways the JPMCB card can affect your credit score, depending on whether it was reported as an inquiry or as an account.
Hard Inquiry
As previously mentioned, a single hard request has a small, short-term impact on your credit score, typically lowering your FICO score by up to five points and your VantageScore credit score by 5-10 points.
This effect is usually cumulative, so too many hard inquiries can hurt your score. However, a single question is not a cause for concern: your credit score ranges from 300 to 850, which means that 5 points in either direction are not significant.
Open and closed accounts
An open or closed JPMorgan Chase account on your credit report contributes to your credit score by affecting the following factors:
- Payment history
- Credit history length
- Credit mix
When the account is open, it also contributes to your credit utilization ratio (also known as the debt-to-credit ratio).
To understand how your JPMorgan Chase account affects your credit score, you must understand the factors that make up your FICO score and VantageScore.
Don’t rush to close your JPMorgan Chase account.
Closing an account can hurt your credit score by reducing your available balance (which increases your credit utilization rate). Use the account occasionally to prevent your creditor from closing it for inactivity, and only close it if keeping it open jeopardizes your finances.
How do I remove JPMCB from my credit report?
If you want to remove the JPMCB card from your credit report, try one of the following approaches.
1. Send a dispute letter
If you see an item under the JPMCB card on your credit report that you suspect is an error, you can dispute it by sending a dispute letter to JPMorgan Chase and/or the credit bureaus.
Send your letter to JPMorgan Chase if you believe the error was theirs (e.g. if they reported a late payment when you paid on time). Send it to the credit bureaus if you think they made a mistake (like mistaking you for someone with a similar name or social security number).
In any case, it’s usually a good idea to send copies of the letter to both parties (the agencies and JPMorgan Chase). You can contact each other during Inquiries and it is important to ensure that everyone has received the relevant information.
After you file your appeal, the credit bureau must investigate and correct any inaccurate information in your report, usually within 30-45 days.
2. Use a credit repair company
A collection agency acts as an intermediary between you and your creditors (and the credit bureaus). They may be able to extract a hard inquiry or other JPMCB card item from your credit report by helping you collect evidence and handling any required communications.
However, beware of scammers. By law, credit repair companies are not allowed to charge you until they have helped you. If they ask for an upfront payment, hire another company.
While hiring a credit repair company can save you time and effort when you are disputing points on your credit report, remember that there is nothing they can do for you that you cannot do yourself.
They also won’t necessarily be able to erase valid negative information or turn bad credit into good credit overnight. Think twice before hiring an outside company to remove the JPMCB card from your credit report.
Report fraud to JPMCB
If you have not applied for a credit card and authorized Chase to conduct a credit check, you must report the incident to the Company.
You could be:
- Identity theft victims
- The subject of a notification error
- If your information has been used by an identity thief, you must take the critical steps of contacting the credit bureaus and the police.
- In either case, you should write a letter to the creditor contesting the Inquiry and asking them to remove the negative item from your credit report.
- You can send a simple dispute letter to have it removed.
How to deal with a hard Inquiry of the JPMCB card
A hard Inquiry by JPMCB may drop your score a few points, but it’s not the end of the world.
While an unauthorized Inquiry should raise some red flags, if the Inquiry stemmed from your credit card application, don’t worry.
The damage from a hard test is short-lived and will have virtually no effect on your score after a year.
Here are some steps you can take in the future to avoid the negative consequences of hard Inquirys:
- Limit Applications: To lessen the impact of hard issues in the future, try limiting your credit card and loan applications. If you are looking for a specific type of loan, you should submit all of your applications at about the same time. For credit cards like American Express Platinum or Amazon Prime Rewards Visa Signature Card, try waiting 3 to 6 months between applications.
- Check Your Credit: Start checking your credit if you haven’t already, so you can be notified of hard Inquiry and other changes in your score. There are a handful of reputable free credit monitoring services that can help you with this.
- Look at the Big Picture: Hard Inquiries are, in most cases, the least of the credit problems. Take a look at what’s hurting your score, like B. Late payments, and get to work improving your credit score and removing long entries from your report. Many credit cards charge annual fees, which can go under the radar if you haven’t set up your card to auto-draft. So be sure to check the additional information and disclaimers listed on the card you applied for and make sure you are aware of any costs that may apply.
How long do hard Inquiry stay in your report?
When you apply for a financial service such as a credit card, loan, or mortgage, the lender or creditor requests your credit report, which is defined as a hard credit request.
Usually, with a soft request, they use your phone number and possibly your address, not information like your social security number.
Hard Inquiry tells lenders how often you apply for a loan, which can be an indication of your financial situation.
Because of this, multiple hard Inquiries can affect your score.
Your report will be severely investigated for two years. However, they usually don’t affect your credit score for more than 12 months.
Conclusion – How do I remove JPMCB Card from my credit report?
Your credit history is an integral part of your financial future.
Protecting that score requires vigilance and, in some cases, rolling up your sleeves and boxing with other companies.
In the United States, you are legally entitled to access one free credit score report per year, or you can pay for credit monitoring services offered by companies like Credit Karma or Experian.