CRA reporting for limit above $50k

Bobbyjohnson · ‎01-19-2016

I have a Cap1 venture with a $50k limit (it was a $50k line at approval, not via combining). The card has been reporting to all 3 CRAs since I got it last year.

I can combine the limit with another Cap1 card to make the new limit $55k.

Do limits "greater than" $50k stop the CRA reporting? Anyone have any experience with this?

I'd like it to be a hidden TL.

Kostya1992 · ‎01-19-2016

Haha if that was the case everyone would swipe their 50K+ cards and throw it out the window since they won't report to CRAs anyways.

TU08 FICO	850
EX08 FICO	850
EQ08 FICO	850

FinStar · ‎01-19-2016

@Bobbyjohnson wrote:
I have a Cap1 venture with a $50k limit (it was a $50k line at approval, not via combining). The card has been reporting to all 3 CRAs since I got it last year.

I can combine the limit with another Cap1 card to make the new limit $55k.

Do limits "greater than" $50k stop the CRA reporting? Anyone have any experience with this?

I'd like it to be a hidden TL.

Sorry OP, it doesn't work that way. It's not a peek-a-boo scenario just for going above the $50K threshold. I have two Capital One CCs (both approved at $50K) + others and they report to all CRAs. My understanding is the utilization is typically not factored in the FICO algorithms once certain revolving tradelines reach $50K or above (someone can correct me if interpretaion is incorrect). However, this does not make them non-reportable (or "hidden") tradelines.

Anonymous · ‎01-19-2016

@FinStar wrote:
@Bobbyjohnson wrote:
I have a Cap1 venture with a $50k limit (it was a $50k line at approval, not via combining). The card has been reporting to all 3 CRAs since I got it last year.

I can combine the limit with another Cap1 card to make the new limit $55k.

Do limits "greater than" $50k stop the CRA reporting? Anyone have any experience with this?

I'd like it to be a hidden TL.
Sorry OP, it doesn't work that way. It's not a peek-a-boo scenario just for going above the $50K threshold. I have two Capital One CCs (both approved at $50K) + others and they report to all CRAs. My understanding is the utilization is typically not factored in the FICO algorithms once certain revolving tradelines reach $50K or above (someone can correct me if interpretaion is incorrect). However, this does not make them non-reportable (or "hidden") tradelines.

Agreed. Mine also reports and there is not such thing as a hidden tradeline with Capital One. Even the business cards get reported on personal...

Anonymous · ‎01-19-2016

So a 50k consumer tradeline, its balances do not factor into util?

@Anonymous wrote:
@FinStar wrote:
@Bobbyjohnson wrote:
I have a Cap1 venture with a $50k limit (it was a $50k line at approval, not via combining). The card has been reporting to all 3 CRAs since I got it last year.

I can combine the limit with another Cap1 card to make the new limit $55k.

Do limits "greater than" $50k stop the CRA reporting? Anyone have any experience with this?

I'd like it to be a hidden TL.
Sorry OP, it doesn't work that way. It's not a peek-a-boo scenario just for going above the $50K threshold. I have two Capital One CCs (both approved at $50K) + others and they report to all CRAs. My understanding is the utilization is typically not factored in the FICO algorithms once certain revolving tradelines reach $50K or above (someone can correct me if interpretaion is incorrect). However, this does not make them non-reportable (or "hidden") tradelines.
Agreed. Mine also reports and there is not such thing as a hidden tradeline with Capital One. Even the business cards get reported on personal...

longtimelurker · ‎01-19-2016

@Kostya1992 wrote:
Haha if that was the case everyone would swipe their 50K+ cards and throw it out the window since they won't report to CRAs anyways.

What does that mean?

FinStar · ‎01-19-2016

@Anonymous wrote:
So a 50k consumer tradeline, its balances do not factor into util?
@Anonymous wrote:
@FinStar wrote:
@Bobbyjohnson wrote:
I have a Cap1 venture with a $50k limit (it was a $50k line at approval, not via combining). The card has been reporting to all 3 CRAs since I got it last year.

I can combine the limit with another Cap1 card to make the new limit $55k.

Do limits "greater than" $50k stop the CRA reporting? Anyone have any experience with this?

I'd like it to be a hidden TL.
Sorry OP, it doesn't work that way. It's not a peek-a-boo scenario just for going above the $50K threshold. I have two Capital One CCs (both approved at $50K) + others and they report to all CRAs. My understanding is the utilization is typically not factored in the FICO algorithms once certain revolving tradelines reach $50K or above (someone can correct me if interpretaion is incorrect). However, this does not make them non-reportable (or "hidden") tradelines.
Agreed. Mine also reports and there is not such thing as a hidden tradeline with Capital One. Even the business cards get reported on personal...

My understanding is there are some versions of FICO that exclude individual card limits over $50K.

For instance, FICO 04 (EX and EQ) does not factor balances or limits into revolving utilization for any revolving credit card limit (reporting) of $50K and above. But, I believe FICO 08 (e.g. TU) factors $50K limits and balances into revolving utilization. I have not tested some of my >$50K limit cards by allowing a balance to report to see whether this would be the case.

FinStar · ‎01-19-2016

@longtimelurker wrote:
@Kostya1992 wrote:
Haha if that was the case everyone would swipe their 50K+ cards and throw it out the window since they won't report to CRAs anyways.
What does that mean?

I wondered the same thing but I'm not entirely sure.

Anonymous · ‎01-19-2016

@Kostya1992 wrote:
Haha if that was the case everyone would swipe their 50K+ cards and throw it out the window since they won't report to CRAs anyways.

The bank still knows who owns this card and would take usual routes to go after one who does not pay their credit obligation(s).

CreditDunce · ‎01-20-2016

Here is an older thread that talks about high limit cards not being used for utilization. I remember reading others with more details, but I can't find them right now. How high the limit has to be before it is not counted for utilization varies by CRA and FICO Model

. http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/High-CLs-gt-40K-or-so-don-t-factor-into-u...