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Regular Contributor
MontegoMack
Posts: 201
Registered: ‎01-21-2012
0

BofA siggy reporting Limit on EX ?

[ Edited ]

I was under the impression the BofA 1-2-3 signature card didn't traditionally report balance, high balance and limit on a tradeline. Well, on my USAA CMS they are reporting the whole enchilada on my EX report (though not on EQ and TU). It lists this TL as a flexible spending credit card with revolving terms and if it matters, it was a PC from an old (and very ugly) Gold card. 

 

Is this the norm? 

If I carry a balance, how does this this affect my score?

 

Ugh.

BofA Cash Rewards Signature Visa 5k
Chase Freedom 9k
BBRZ MC 800 (SD)
Valued Contributor
thom02099
Posts: 1,348
Registered: ‎08-30-2011
0

Re: BofA siggy reporting Limit on EX ?

[ Edited ]

MontegoMack wrote:

I was under the impression the BofA 1-2-3 signature card didn't traditionally report balance, high balance and limit on a tradeline. Well, on my USAA CMS they are reporting the whole enchilada on my EX report (though not on EQ and TU). It lists this TL as a flexible spending credit card with revolving terms and if it matters, it was a PC from an old (and very ugly) Gold card. 

 

Is this the norm? 

If I carry a balance, how does this this affect my score?

 

Ugh.


As you can see from my signature, I have 2 BofA accounts --a Cash Rewards card and a Merrill Lynch Platinum Plus card.  They are both Visa Signature cards...as are my Chase Sapphire Preferred and JP Morgan Select.  All signature cards.  All report on my 3 bureaus. All show a CL, all show a high balance, all show "flexible spending card".  Also as you can see, I'm in the 800 club.  So I think it helps my score, and will likely help your score to report.  I've carried a balance on my BofA and ML cards on occasion, and had practically no impact on my score.  I didn't request that they report this way, they just do.

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 $10K / Chase Slate Visa $6K / 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 = 799 EQ = 812 TU = 811 - 11/2014
Moderator
Revelate
Posts: 9,737
Registered: ‎12-30-2011
0

Re: BofA siggy reporting Limit on EX ?

If a card reports a limit, than the limit and balance are calculated into revolving utilization metric.

 

If a card does not report a limit, than the high balance and the current balance are used.

 

Only really irritating thing about this once known, is some lenders will reset the high balance number after some period :smileysad:.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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HiLine
Posts: 3,172
Registered: ‎10-19-2012
0

Re: BofA siggy reporting Limit on EX ?

For most people, BofA would not report the limit of a Visa Signature. However, I've seen a few exceptions recently. I have no idea why these exceptions exist, but they are certainly not the norm.


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