I don't have the same experience. I got a Visa with them a couple months back. It reported on my CR within 2 weeks and it updates on the 26th every month like clockwork.
I too use mine for big purchases and it would be handy if they didn't report But if my payment hasn't posted by 26th....I'm reporting a balance.
I originally got the card like mid May and immediately put $15k on it. I wasn't sure of the cut date and less than 10 days later I got a SW update and there was my $15k balance reporting
Let me explain a little better. I had this cc is apr 08 for 15k. I made a purchase for $700 and the cc reported on all three cra with the 700 bal. I paid it down and let $65 report in may 08. Since may 08, they have not updated again. I actually called them in june 08 to ask why they were not updating and i was told it may be because there was no activity on the cc for that month. This sounded funny to me because they report my other cc regardless of whether I use it or not. I have charged thousand of dolars and paid down without fico ever knowing, and i am just wondering when they will catch this glitch. This cc sees more usage than all my other cc because i know fico will never know my spending habits but how long will this last?? Personally I like the benefits of it not reporting because it is now my secret weapon and emergency cc. My fico scores are still decent; tu 773, eq 706, exp fako 745. I do have other cc of 15k, 5k, 3k, 4.4k, and 2.1k, and my utl is 1.2%.
A balance frozen in time, even if you're using it.
Which Navy card is it? Is it a different line from your other one, the one that does report?
I don't guess it's hurting you. The balance and util are miniscule, and if you don't have balances reporting on a lot of other CC's, you'll still be well under the "fewer than half of CC's with balances" scoring bit.
I'm such a weenie, though, that I think I'd be a basket case having a high balance and hoping that it doesn't suddenly decide to report.
eta: if I'm reading correctly, it's reporting, in that it's on your reports, showing the CL and balance, but it's not updating. So the CL is still factoring into your total CL, which is great.Message Edited by haulingthescoreup on 07-27-2009 05:21 PM
That would be me!