One’s credit report, or history, is created by the three credit reporting bureaus, Experian, Equifax and TransUnion. FICO, VantageScore and other scoring systems generate credit scores based on information submitted to them by banks, collections agencies and other creditors.
Financial institutions may use both credit reports and credit scores to make decisions about lending. For credit cards, your issuer typically uses your credit score but not your credit report to inform decisions on approvals, APR and credit limits.