Any definitive data out there on whether Blispay is a Hidden TL or not?

[Anonymous]

---

@Anonymous wrote:
Anybody get a statement yet or had this pop up on bureau??

---

Yes there have been people who have gotten statements over 10 days ago, but still no reports of it being reported to the bureaus yet. See this thread: http://ficoforums.myfico.com/t5/Credit-Cards/Got-my-first-Blispay-statement-CASH-BACK/m-p/4580092/highlight/true#M1324419 

[B335is]

One statement cutting doesn't constitute whether it will report or not. The speculation around this is ridiculous.

[Ysettle4]

---

@B335is wrote:
One statement cutting doesn't constitute whether it will report or not. The speculation around this is ridiculous.

---

Some have recieved their 3rd statement and still no reporting to the CRAs. Possbly safe to say it is a hidden TL.

[Anonymous]

---

@B335is wrote:
One statement cutting doesn't constitute whether it will report or not. The speculation around this is ridiculous.

---

A little off topic but not. What is the appeal of a hidden TL? As far as I can tell the only benefit to it is to be irresponsible with it (i.e. keep it near limit, pay late, etc.). I'm sure I'm missing something about it, I just don't know what.

[Gmood1]

---

@Anonymous wrote:

---

@B335is wrote:
One statement cutting doesn't constitute whether it will report or not. The speculation around this is ridiculous.

---

A little off topic but not. What is the appeal of a hidden TL? As far as I can tell the only benefit to it is to be irresponsible with it (i.e. keep it near limit, pay late, etc.). I'm sure I'm missing something about it, I just don't know what.

---

Really? lol

If you're irresponsible with it, it will report.

Hidden means you are allowed to use it without worrying about utilization or trying to keep it below 30% usage. I'm not one to pay on the same card 4 times a month, just so it doesn't report I used it. Honestly I find that ridiculous unless you just have to.

[SunriseEarth]

---

@Anonymous wrote:

---

@B335is wrote:
One statement cutting doesn't constitute whether it will report or not. The speculation around this is ridiculous.

---

A little off topic but not. What is the appeal of a hidden TL? As far as I can tell the only benefit to it is to be irresponsible with it (i.e. keep it near limit, pay late, etc.). I'm sure I'm missing something about it, I just don't know what.

---

I would disagree that keeping a card "near its limit" is a unilaterally irresponsible move.  It can be, in some circumstances.  However, it often isn't.   If you typically spend $250 a month at Target, but your RedCard has a $300 CL, this may even be a regular occurence.   However, being near your CL is a move that may appear "risky" to FICO.   

[Anonymous]

---

@Gmood1 wrote:

---

@Anonymous wrote:

---

@B335is wrote:
One statement cutting doesn't constitute whether it will report or not. The speculation around this is ridiculous.

---

A little off topic but not. What is the appeal of a hidden TL? As far as I can tell the only benefit to it is to be irresponsible with it (i.e. keep it near limit, pay late, etc.). I'm sure I'm missing something about it, I just don't know what.

---

Really? lol

If you're irresponsible with it, it will report.

Hidden means you are allowed to use it without worrying about utilization or trying to keep it below 30% usage. I'm not one to pay on the same card 4 times a month, just so it doesn't report I used it. Honestly I find that ridiculous unless you just have to.

---

+1 Gmood1 - you can't be irresponsible with a hidden TL or it will report and will no longer be hidden.

Besides the benefit of being able to carry higher utilization without it negatively affecting your credit scores, or just carrying a balance period without every other lender knowing about it (think about mortgage applications and DTI);  hidden TLs also help those who may want to hide some of their CLs so that they don't get denied new accounts or CLIs from other lenders for having too much available credit in relation to their income.

[RonM21]

Someone mentioned earlier in the thread that maybe they don't report to save on costs. What I wonder is say after 9 months or so go by, and everyone has assumed it is a hidden TL, what fallout would there be if they suddenly started reporting without notice?

[Blodreina]

---

@RM21 wrote:
Someone mentioned earlier in the thread that maybe they don't report to save on costs. What I wonder is say after 9 months or so go by, and everyone has assumed it is a hidden TL, what fallout would there be if they suddenly started reporting without notice?

---

I don't buy that.  I think it will remain hidden; the only other product like it, PayPal Credit, does not report.  People that worked on Bill Me Later/PayPal Credit are the people that started Blispay.  What other cases have we seen (besides Diners) that did not report but now do?  I don't know of any.

[Themanwhocan]

---

@Anonymous wrote:

---

@B335is wrote:
One statement cutting doesn't constitute whether it will report or not. The speculation around this is ridiculous.

---

A little off topic but not. What is the appeal of a hidden TL? As far as I can tell the only benefit to it is to be irresponsible with it (i.e. keep it near limit, pay late, etc.). I'm sure I'm missing something about it, I just don't know what.

---

Well, i'm going to spend the next month optimizing my utilization to see how much my FICO score improves, and possibly apply for a new card (NFCU). So, I need to get most of my credit cards to report 0, and have just my Better Balance Rewards card report to the Credit Bureaus.

An easy way to accomplish that, is to switch to using my Blispay exclusively. The BBR gets an automatic monthly charge, so i don't have to worry about that. So, I pay off all the other credit cards, and wait as my various credit cards report $0 over the next 4 weeks.

This is convenient, since if I keep using my various credit cards, I usually forget to stop using some of them far enough ahead of time so that I can pay them off on time. So, there is one non-standard use for a hidden tradeline.