Iincognito wrote:
Cory wrote:This topic is ongoing. I guess this is a case by case, as my BofA Visa Sig, and World MasterCard report the limits, and they are both NPSL. Just like the previous poster before me, I don't care about the limit reporting either. There is a benefit of it not reporting for me.
Agreed, definitely a case-by-case situation. I would rather have the credit limit report, since I carry a balance on a couple of my cards. To have a balance on a signature card and have it count against my overall utilization without reporting a credit limit, does not make any sence for me. I would rather work with exhibit 2 instead of exhibit 1.
Exhibit 1
card 1 - credit limit = $5,000, balance = $0
card 2 - credit limit = $5,000, balance = $0
card 3 - credit limit = $5,000, balance = $2,500
card 4 - signature card credit limit = $5,000 (not reported), balance = $2,500
In this case, my reported credit limit is $15,000 and my balance is $5,000 (utilitzation is at 33%)
Exhibit 2
card 1 - credit limit = $5,000, balance = $0
card 2 - credit limit = $5,000, balance = $0
card 3 - credit limit = $5,000, balance = $2,500
card 4 - credit limit = $5,000, balance = $2,500
In this case, my reported credit limit is $20,000 and my balance is $5,000 (utilitzation is at 25%)
Bottom line, some people prefer signature/ world card for the additional benefits, others will never use those benefits and perhaps, as in my case, prefer having a reported limit.
I thought cards that are NPSL or cards that dont report the limit don't get counted towards utilization
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