It is frustrating when you see unfamiliar information on your credit report. A confusing term that many people see is “JPMCB Card Services.” What does “JPMCB Card Services” mean on a credit report?
“JPMCB Card Services” can appear on a credit report for various reasons. A common reason is that you have a JPMorgan Chase Bankcard. It can also be due to a hard or soft credit inquiry. Also, you may have been added as an authorized user on any credit cards associated with Chase.
Read on to learn more about the meaning of JPMCB Card Services on your credit report, what hard and soft credit inquiries mean, and how you can remove them from your credit report.
JPMCB Card Services – What Does This Mean on a Credit Report
There are various reasons why “JPMCB Card Services” appears on your credit report. It’s probably because you have a Chase card. It can be due to the soft and hard credit inquiries. Also, there’s a possibility that you have been added as an authorized user on any credit cards associated with JPMorgan Chase Bank.
JPMCB is the acronym for JPMorgan Chase Bank. This bank, also popularly known as Chase, is headquartered in the United States. It is one of the biggest financial institutions worldwide, offering a wide range of financial products and services.
In 2000, J. P. Morgan & Co. and Chase Manhattan Corporation merged, changing the business name to JPMorgan Chase Bank. As for its credit card branch, it simply uses JPMCB.
Hard and Soft Inquiries on Credit Reports
Applying for a new Chase card will trigger either a hard or soft inquiry on your credit report. It will be indicated as “JPMCB Card Services.”
Hard Inquiry on Credit Report
If you notice “JPMCB – card service” in your credit report, you have probably applied for a Chase credit card. Maybe you’re not aware of it because not all credit cards owned by JPMCB have the word “Chase” on them. Examples of these include the following:
- Disney Premier Visa,
- Southwest Rapid Rewards Plus, and
- United Business cards.
When we say hard credit inquiry, it is also known as a hard pull or a hard credit check. Unfortunately, it can harm your credit score.
This type of inquiry means that you allowed Chase to look into your credit history. Once you submit an accomplished credit card application form, it means that you are authorizing Chase to conduct a credit investigation.
It’s possible that you don’t recall having recently applied for a credit card because, maybe, you really did not. However, you probably did more than a year ago. Remember that a hard inquiry can appear on your credit report for about two years.
In a credit investigation, Chase evaluates your past and present financial behavior. This includes your payment history and your balances on credit cards and loans.
So, for instance, if you have missed bill payments, the credit investigator will have the impression that you will most likely miss a payment if they approve your credit card application. In other words, there’s a big chance that your application will get denied.
To further investigate your credit history, credit investigators need to get hold of your credit file. They will request this file from credit bureaus. This scenario results in a hard inquiry which, unfortunately, will reflect on your credit report.
Soft Inquiry on Credit Report
If you notice “JPMCB – card service” or “JPMCB Card Services” on your credit report, it could also be because of a soft inquiry.
Chase offers pre-approved credit cards to potential clients. Before informing you about it, Chase has already reviewed your credit history. You must have an excellent track record to receive such an offer.
You may have already been sent an offer by mail or via email. But then, you probably haven’t completed your application yet. It’s also possible that you must have intentionally ignored it, too, because you’re not interested in getting a new credit card just yet.
So, even if you don’t complete your application, your name has already been included in the pre-approved list of Chase. This is known as a soft inquiry, which will also reflect on your credit report.
Unlike the hard credit inquiry, the soft credit inquiry does not negatively impact your credit score.
Authorized Users of Chase Credit Cards
If you’re an authorized user of a Chase credit card, you will also see “JPMCB Card Services” on your credit report.
Being an authorized user means that you are not the primary Chase credit cardholder. Instead, you have been added by the primary cardholder as an eligible user of their credit card. You share the same credit card limit too. However, paying the credit card bill is the responsibility of the primary cardholder and not yours.
Being an authorized user of a credit card has its advantages and disadvantages in your credit history. The primary cardholder must be a very responsible person when it comes to paying credit card bills. If they pay on time and have a low credit utilization rate, it will positively reflect your credit history. It will definitely add to your good credit standing.
However, if the primary cardholder misses payment due dates and has a high credit utilization rate, it will harm you. It will definitely affect your credit score. In which case, you might encounter problems when applying for a new credit card or loan.
JPMCB Credit Cards
Aside from the Chase-branded credit cards, other credit cards are not branded or marketed as Chase. But, in reality, they are also owned by Chase.
This is one of the reasons why you get confused when you see “JPMCB Card Services” or “JPMCB – card service” on your credit report. You probably have no idea that your credit card is, in fact, a Chase card.
Here is a list of some of the credit cards that you probably had no idea are from JPMorgan Chase:
- 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
- Ink Business Cash
- Ink Business Unlimited
- Ink Business Preferred
- 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
Again, JPMCB card services-what does this mean on a credit report? JPMCB means JPMorgan Chase Bank, the credit card branch of the popular banking giant. Upon processing your application for a Chase credit card, this usually triggers either a hard or soft inquiry on your credit report, which will appear as “JPMCB card services.”
Unauthorized Hard Credit Inquiries
So, let’s say you see “JPMCB Card Services” on your credit report. However, you don’t ever recall having applied for a credit card for the past two years or so, much less authorizing any hard credit pull. In which case, an unauthorized hard inquiry must have happened, which is definitely quite disturbing on your part.
If you encounter this, here are several suggestions on how to go about it:
- Contact the Company That Conducted the Inquiry
- Report the Case to the U.S. Federal Trade Commission
- Freeze Your Credit
- Discuss and Resolve the Case with the Credit Bureaus
1. Contact the Company That Conducted the Inquiry
Identify the company that conducted the hard credit inquiry. Also, contact them and request proof that you allowed them to conduct the inquiry. If they refuse to provide one, request to have that particular inquiry deleted from your credit report.
2. Report the Case to the U.S. Federal Trade Commission
If you suspect that you’re a victim of fraud, you can file a police report. But you can also directly report it to the U.S. Federal Trade Commission. You may reach them at ReportFraud.ftc.gov.
3. Freeze Your Credit
Unfortunately, you can’t remove the possibility that you might be a victim of identity theft. There may be people using your personal information. This explains why you have an unauthorized hard credit inquiry.
If you have this kind of suspicion, it’s better to freeze your credit. It’s a hassle to contact each credit bureau and request a credit freeze. At the same time, if you have an existing credit card or loan application, they will also put it on hold once the freeze is in place. However, it is best to do this for your protection.
Sadly, a credit freeze might not be able to protect your credit retroactively. However, it can prevent you from encountering more hard inquiries in the future. While your credit is frozen, identity thieves won’t get to use your personal information to open new accounts.
4. Discuss and Resolve the Case with the Credit Bureaus
Credit bureaus are in charge of investigating all disputes concerning unauthorized hard credit inquiries. They have the capability to delete incorrect data and update your personal information. You can also request them to place a free fraud alert on your credit.
Hopefully, you can resolve this by contacting each credit bureau. This way, you don’t have to escalate the case to the U.S. Federal Trade Commission anymore. However, you still have the right to do so even after disputing it with the credit bureaus.
How to Remove “JPMCB Card Services” From Credit Report
If you firmly believe that the “JPMCB Card Services” or “JPMCB – card service” on your credit report is an error, there are two ways to have it removed. They include the following:
- Submit a Credit Inquiry Removal Letter
- Coordinate with a Credit Repair Company
Submit a Credit Inquiry Removal Letter
You can prepare a Credit Inquiry Removal Letter and submit it to all credit bureaus. Currently, the 3 major consumer reporting agencies in the United States are TransUnion, Experian, and Equifax.
These agencies are all for-profit businesses and have no affiliation with the American government. However, they are all members of the Consumer Data Industry Association (CDIA). The CDIA is responsible for coordinating with the government in terms of industry issues.
In your letter, make sure to mention that you are disputing a credit inquiry. Make it concise, emphasizing the validity of your dispute. At the same time, emphasize how you want the case resolved.
Attach a copy of your credit report in your letter. Highlight the information that you intend to dispute. That way, they can easily identify which particular item you are disputing.
Once the credit bureaus receive your letter, they will start conducting an investigation. In most cases, they will typically provide you with their response after 30 business days.
Coordinate with a Credit Repair Company
Some businesses can delete hard inquiries from your credit report. They are professionals called credit repair companies.
Choose a company that has a reputable image or has a good track record as a credit repair firm. They will be the ones to coordinate with credit bureaus on your behalf.
Coordinating with a credit repair company is a convenient way to resolve the issue. However, it comes with a price. Unlike if you personally coordinate with credit bureaus, you wouldn’t have to spend a dime. However, it is more tedious than talking to just one credit repair company representative.
Conclusion – JPMCB Card Services
There are different reasons why “JPMCB Card Services” appears on your credit report. First, it’s probably because you have a Chase card. Second, it can be due to the soft and hard credit inquiries. Third, there’s a possibility that you have been added as an authorized user on any credit cards associated with JPMorgan Chase Bank.
So, the next time you notice “JPMCB Card Services” on your credit report, remember that JPMCB stands for JPMorgan Chase Bank. If you think you don’t own a Chase card, check your credit cards once again. You probably have a Disney Visa card, a United Business card, or a British Airways Visa Signature card. These are all owned by Chase.
If you don’t recall having applied for a credit card for quite some time now, consider the possibility of identity theft. There may be people applying for a credit card under your name. In which case, you have to report it immediately to the authorities.