cancel
Showing results for 
Search instead for 
Did you mean: 

Business Cards

Community Leader
Epic Contributor

Business Cards

I recently opened a new Chase Business Card with a 0% apr for one year.

I used it to pay off balances on other cards.


What I later discovered is that the Bus Card does NOT report to the CRA.  So it did not hurt my avg lenght of credit, and also substantially reduced my overall revolving %util.  Sure, it did not raise my CL, but it enabled my to substantially reduce my reported %util by reducing my balances on other cards.  A real benefit.

 

Am I missing something, or is this really the tremendous FICO boon that it appears to be?

 

Message Edited by RobertEG on 11-06-2008 06:15 PM
Message 1 of 2
1 REPLY
New Contributor

Re: Business Cards


RobertEG wrote:

I recently opened a new Chase Business Card with a 0% apr for one year.

I used it to pay off balances on other cards.


What I later discovered is that the Bus Card does NOT report to the CRA.  So it did not hurt my avg lenght of credit, and also substantially reduced my overall revolving %util.  Sure, it did not raise my CL, but it enabled my to substantially reduce my reported %util by reducing my balances on other cards.  A real benefit.

 

Am I missing something, or is this really the tremendous FICO boon that it appears to be?

 

Message Edited by RobertEG on 11-06-2008 06:15 PM

seems like it could be benifcial if you dont go overboard

Message 2 of 2