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
