Why we score?

To ensure the quality and safety of our service, we analyze all the applications in order to avoid two things

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Defaults
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Fraud

How we generate credit scores?

It starts when you register and send us your information.

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Your submitted documents helps us to know you better. We use these to verify your identity and collect data from several publicly available sources.

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These data have thousands of variables related to your identity, residence, education-institution / work-institution as well as your purchase, credit and payment history.

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And if you were referred by friend who already has a Redcarpet Ruby Card, that also counts on your analysis.

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Based on that information we build a credit score for each applicant.

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Result of credit scores

Once we cross-reference all of the data and run various tests, the applicant is classified in one of the 3 groups.

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Applicants who can be be approved immediately will be invited to activate their Redcarpet Ruby Card.

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Applicants who cannot be approved at the moment will be moved to waitlist. Over the next 90 days we may reanalyse and rescore these applications, and inform about subsequent approval.

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Applicants who can not be approved due to unavailablity of our service in their region. We may rescore these applications over the next 6 months and inform about subsequent approval.

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