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BOA Upgraded me to a Sig. Visa card. Good or Bad?

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kobe81
Regular Contributor

BOA Upgraded me to a Sig. Visa card. Good or Bad?

I wanted to know if its good to have the this card, and should i ask for a CLI!Smiley Indifferent
Message 1 of 5
4 REPLIES 4
Creditaddict
Legendary Contributor

Re: BOA Upgraded me to a Sig. Visa card. Good or Bad?

I don't believe your cl will report anymore. so that may hurt your util.
Message 2 of 5
plasticguy
Established Contributor

Re: BOA Upgraded me to a Sig. Visa card. Good or Bad?

It depends on what you want. I had one for 3 years and moved the credit line to the World MC and closed it because the Signature card only reported the High balance. I never used any of the benefits that came along with the card. Because I already have them on other cards.

If you want your limit to report, keep it, if not, don't. Asking for an increase will not factor into your utilization due to the limit not being reported.
Message 3 of 5
plasticguy
Established Contributor

Re: BOA Upgraded me to a Sig. Visa card. Good or Bad?


@Creditaddict wrote:
I don't believe your cl will report anymore. so that may hurt your util.


It's not factored in utilization according to the people I spoke with at FICO
Message 4 of 5
kobe81
Regular Contributor

Re: BOA Upgraded me to a Sig. Visa card. Good or Bad?

well see what happens then. i mean, i really like the benefits of having the card. and i love doing business with BOA and CITI.

 

I have the BOA Visa SIG. and ML Card.

Message 5 of 5
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