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@dddfresh wrote:
I'm kind of not seeing the upside to this card. The 1-2-3% is cool and all, but not if it's going to hurt my score
This sig reports only your highest ba;ance that will tap into your overall util if your total util is low. That might cause you to go over the 9% threshold util that I have heard FICO cringes on thus your FICO score might take a small dip or big depending.
The upside is the cashback.
So do I need to spend $2000-2500 and let it REPORT, or just spend that and then pay it in full?
AFAIK BOFA reports the highest balance at any point. Letting it report one month isn't a big deal.
BOFA does not report CL's on their Signature cards. Sucks, but that's life with BOFA unfortunately.
To clarify CS800's point: for utilization purposes your current balance works just as any other card, the limit is the high balance on the card. Set it once, go on with life, old school style!
@Revelate wrote:AFAIK BOFA reports the highest balance at any point. Letting it report one month isn't a big deal.
BOFA does not report CL's on their Signature cards. Sucks, but that's life with BOFA unfortunately.
To clarify CS800's point: for utilization purposes your current balance works just as any other card, the limit is the high balance on the card. Set it once, go on with life, old school style!
They do on both my Cash Rewards Signature Visa as well as my Merrill Lynch Platinum Plus Signature Visa; a CL appears on both reports as well as the notation "flexible spending card". I've read where others also have a CL report. Truly is a YMMV thing.
@thom02099 wrote:
@Revelate wrote:AFAIK BOFA reports the highest balance at any point. Letting it report one month isn't a big deal.
BOFA does not report CL's on their Signature cards. Sucks, but that's life with BOFA unfortunately.
To clarify CS800's point: for utilization purposes your current balance works just as any other card, the limit is the high balance on the card. Set it once, go on with life, old school style!
They do on both my Cash Rewards Signature Visa as well as my Merrill Lynch Platinum Plus Signature Visa; a CL appears on both reports as well as the notation "flexible spending card". I've read where others also have a CL report. Truly is a YMMV thing.
Interesting, must've missed those. I'll toss those into the Magic 8 ball bucket vis a vis BOFA SP CLI's .
Thanks!