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Established Member
ER_Tech
Posts: 57
Registered: ‎09-21-2009
0

Calling all Crown Jewelers cardholders!

I got approved for this card today for the standard $2500. Now what am I supposed to do with it to increase my score?

 

Thanks!!!!!!!! 

Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Calling all Crown Jewelers cardholders!

[ Edited ]

Unfortunately, nothing. It is my understanding they no longer report to any of the CRAs.

 

ETA...I don't think they ever reported to EQ.

 

Here's a letter saying they stopped reporting to EX:

 

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&view=by_date_ascending&message.i...

 

Here's a thread talking about its removal from TU:

 

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&view=by_date_ascending&message.i...

Message Edited by llecs on 10-06-2009 05:22 PM
Regular Contributor
krisosa
Posts: 171
Registered: ‎03-11-2009
0

Re: Calling all Crown Jewelers cardholders!

CJ is useless

 

K-

Equifax 657
Experian 711 (Per Lender)
Established Member
ER_Tech
Posts: 57
Registered: ‎09-21-2009
0

Re: Calling all Crown Jewelers cardholders!

[ Edited ]

Read all the posts....got it. 

 

Easy come, easy go. 

 

Thanks.

 

Missy 

Message Edited by ER_Tech on 10-06-2009 05:34 PM
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Calling all Crown Jewelers cardholders!

You can always use it to buy something without imperiling your score - if there's something they have that you really want!
Regular Contributor
MidnightOwl
Posts: 159
Registered: ‎08-22-2009
0

Re: Calling all Crown Jewelers cardholders!

I just received my instant approval with Crown Jewelers for $ 2500.00 but, I've been reading other forums and alot of people are saying that CJ is not being reported to the CRA. Does anyone know if this is true ? I figure, if it is true it is pointless for me to use this card if it's not being reported as a new TL. I would appreciate any feedback you may have on this. Thanks very much.
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Calling all Crown Jewelers cardholders!


MidnightOwl wrote:
I just received my instant approval with Crown Jewelers for $ 2500.00 but, I've been reading other forums and alot of people are saying that CJ is not being reported to the CRA. Does anyone know if this is true ? I figure, if it is true it is pointless for me to use this card if it's not being reported as a new TL. I would appreciate any feedback you may have on this. Thanks very much.

 

True.

 

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&view=by_date_ascending&message.i...

 

 

Regular Contributor
MidnightOwl
Posts: 159
Registered: ‎08-22-2009
0

Re: Calling all Crown Jewelers cardholders!

Thanks for your help. I guess there is no need for me to use this card if it's not being reported. I'm glad I found out about this before I spent any money. Thanks again !!
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Calling all Crown Jewelers cardholders!


MidnightOwl wrote:
Thanks for your help. I guess there is no need for me to use this card if it's not being reported. I'm glad I found out about this before I spent any money. Thanks again !!

 

It caught many by surprise. It was actually one of those CCs that you had to buy something first before getting it reported.
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Calling all Crown Jewelers cardholders!

The problem is that CJ was as much in the business of selling TL/CL's as jewelry. The CJ card was determined by each of the CRA's, in turn, to be a sham credit product, CJ reported to the CRA's, but the CRA's stopped including the card in your CBR.

 

I wonder if the CBR's would include a CJ account if it was CO?


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