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New Contributor
happy101
Posts: 54
Registered: ‎01-20-2010
0

Chase Marriott Sig.

I was recently approved for a 5k line of credit. I was hoping that this would help my utilization... I learned via this site that signature cards do not factor in utilization... Anyone else have any experience with this?
Established Contributor
logan_720
Posts: 608
Registered: ‎02-02-2012
0

Re: Chase Marriott Sig.

Not personally :smileyvery-happy: But it would really upset me if they were unable to report such a significant line that would help your util. I've heard that its because you have the ability to go over your actualy limit, as long as the amount gone over it PIF on the due date. But I'm sure if you call them up, they can report it...hopefully.

Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
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Re: Chase Marriott Sig.


happy101 wrote:
I was recently approved for a 5k line of credit. I was hoping that this would help my utilization... I learned via this site that signature cards do not factor in utilization... Anyone else have any experience with this?

Both of my Chase cards report util, including my CSP which is a visa signature. I'm pretty sure it works the same way for the Marriott card as well.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Valued Contributor
Crashem
Posts: 3,096
Registered: ‎01-26-2012
0

Re: Chase Marriott Sig.

Thought they solved visa signature and reporting but I think it depends on issuer. They report limit and flexible line or something like that. But some report no limit and some don't report at all. Think it depends on issuer
               LIMITS IN CARD DESCRIPTIONS
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
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Re: Chase Marriott Sig.

Chase Visa Signatures seem to have been reporting since Oct/Nov 2011.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

New Contributor
happy101
Posts: 54
Registered: ‎01-20-2010
0

Re: Chase Marriott Sig.

So it will factor in utilization?
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Chase Marriott Sig.

Yes, it will.

Now, if you had gotten a BoA Visa Sig, that might be a different story.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)


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