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Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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B of A 1-2-3 cash rewards cc doesn't report? - UPDATE ( I THINK)

[ Edited ]

Does the b of a 1-2-3 cash rewards card not report a credit limit to the bureaus??? Or are they finally up to date on that???

Is it even worth it without it reporting?

 

my freecreditreport.com CMS emailed me today and i logged on to see that BofA has reported a new card (wow 2 days after app) and it says its a revolving credit card and reporting a limit of $2500....this looks promising?


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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Re: B of A 1-2-3 cash rewards cc doesn't report?

I'm sad to admit I apped again but glad to admit I was approved for $2500 limit. Woopsises what do I do now w this card!?!? I'm new to NPSL cards

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Valued Contributor
Posts: 1,486
Registered: ‎08-30-2011
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Re: B of A 1-2-3 cash rewards cc doesn't report?

[ Edited ]

dddfresh wrote:
I'm sad to admit I apped again but glad to admit I was approved for $2500 limit. Woopsises what do I do now w this card!?!? I'm new to NPSL cards

It's not a NPSL card, per se, like an AMEX charge card is a NPSL.  There is a credit limit and for some of us it reports, for others it doesn't.  In my case, mine reports with my $10K CL and is noted as a "flexible spending card".  Appears that BofA is not consistent in how they report these cards. 

 

EDIT: What sort of makes it more NPSL is that, as with other Visa Signature cards, you can exceed that limit.  But the expectation is that, the amount beyond the hard limit will be paid in a very timely manner. 

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10.5K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 823 TU = 822 as of 07/15
Super Contributor
Posts: 6,672
Registered: ‎04-07-2008
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Re: B of A 1-2-3 cash rewards cc doesn't report?

My 1-2-3 Privileges doesn't report the CL either to any bureau.




Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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Re: B of A 1-2-3 cash rewards cc doesn't report?

So does it help w utilization if it reports and won't help utilization it it doesn't report? For those who are reporting, did you get your cards more recent than those whose don't report? Or is it completely random?

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Frequent Contributor
Posts: 292
Registered: ‎01-17-2009
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Re: B of A 1-2-3 cash rewards cc doesn't report?


dddfresh wrote:
So does it help w utilization if it reports and won't help utilization it it doesn't report? For those who are reporting, did you get your cards more recent than those whose don't report? Or is it completely random?

assuming you mean the visa siggy (BofA 1-2-3 cash rewards) , mine does not report the CL ($10k).  i received mine sept 2012.


BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ...
Chase Freedom visa $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6.3k
myFICOs as of 3/25/14:...EX=809 .... EQ=802....TU=787
Super Contributor
Posts: 6,672
Registered: ‎04-07-2008
0

Re: B of A 1-2-3 cash rewards cc doesn't report?

It does help with util if it can help you get your total util under 9%, otherwise, it can work two ways:

 

1. Might help other creditors if they want to compete or equal your highest existing CL and i say 'might'

2. Can make lenders nervous as to your total available credit. Some might say you have too much available credit.

 

 




Regular Contributor
Posts: 163
Registered: ‎07-30-2009
0

Re: B of A 1-2-3 cash rewards cc doesn't report?

iam holding visa signature...  higher blance are taken as credit limit on these cards. To report higher balance atleast you have use them to ur limit..so that balance is taken as credit limit.

thanks...

 

My card shows highest balance as 4900.... and after that i paid off... now shows 0... That 4900 is caluclated in  overall credit.

 

recenlty i  got increase to 10,000.   to show the bureaus that it is 10,000 card..... atleast once i have use that limit or any blance trasfer.

 

Thnks

Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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Re: B of A 1-2-3 cash rewards cc doesn't report?

Mine is only 2500 so I guess I can do that. Thank you!

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
New Contributor
Posts: 67
Registered: ‎02-07-2013
0

Re: B of A 1-2-3 cash rewards cc doesn't report?

I have this card since May 2012 and is not reporting limit. However I have seen few people here whose visa siggy is reporting balance. May be it is YMMV. It was hurting my utilization as the highest balance reported is considered as the limit and my scores dropped to low 600's in Feb this year because of this. My actual CL is $9500 and my highest balance was $2478 and in January the balance was $2432 it was considered as 98% utilization. I was able to make up some of this with my new cards and my scores have improved since then. Now I am not allowing BoFA to report balance of no more than $200. I have excellent payment history with this card and always PIF and never bothered to ask for CLI or never will ask as it is useless without limit being reported.

Wallet : AMEX Costco TE 23k, BoFA 123 Visa Signature $12.5k, Marriott rewards $5k, Discover IT $1.7k, Walmart Discover $5.5k, Cap 1 Platinum $1500, Amazon $2000

Scores: EQ 712(9/28/13), EX 728 (9/28/13), TU 717 (Credit Karma 10/26/13), TU 753 Walmart (9/03/13)
Last app : 9/28/2013
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