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Costco AMEX

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Regular Contributor

Costco AMEX

I was approved for the Costco Amercian Express card and it came in the mail. There is no credit limit listed. How will this report to the credit reporting agencies?


Starting Scores(Jan/2011): EQ 564 TU 538 EXP 576
Current Score: EQ 692 TU 728 EXP 710 (Quizzle FAKO)Goal Score: 720


Wallet: Grow Visa 500, Capital One MC 2000, Capital One MC 1250, Paypal MC 3000, Jared 10500, Kay 2000, Walmart 2050, TJX Rewards 1200
Message 1 of 8
7 REPLIES
Valued Contributor

Re: Costco AMEX


randaljon wrote:

I was approved for the Costco Amercian Express card and it came in the mail. There is no credit limit listed. How will this report to the credit reporting agencies?


You might have to log in to your account online, to view the limit.

 

Or does the paperwork state "No Preset Spending Limit"?

5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 2 of 8
Super Contributor

Re: Costco AMEX

 

The Costco AMEX is definately a credit card, not a charge card.   Perhaps there is another letter on the way with your CL.   Also as mentioned once you setup your account it should show you the CL.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 3 of 8
Frequent Contributor

Re: Costco AMEX


randaljon wrote:

I was approved for the Costco Amercian Express card and it came in the mail. There is no credit limit listed. How will this report to the credit reporting agencies?


Congrats on the new card!  I Costco and AMEX are both great!  I would consider getting one for myself, but being single, I never purchase enough stuff in there to make it worth my time ... also I only go in infrequently b/c of the lines lol.  That place is always so busy!


Current:
TU (5/14/14): 796 (Inquiries; 8/23/13)
EQ (3/23/14): 791 (Inquiries: 8/23/13)
EX (9/24/13): 780 (Inquiries: 7/2/12; 11/20/12; 7/30/13; 8/23/13)

Goals: No new inquiries for 2014, 800 for all CRs by 12/31/14
Message 4 of 8
Frequent Contributor

Re: Costco AMEX

Costco AmEx Rocks, I love mine and always get money back every year.  You just log onto your account to check your limit. 


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Current Score: EQ FICO 803
Goal Score: EQ FICO 810


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Message 5 of 8
Super Contributor

Re: Costco AMEX

Wish there was a costco around here. Only BJ's




Message 6 of 8
Regular Contributor

Re: Costco AMEX

Congrats on the CostCo card - I have it and love it - especially the cash back on restaurants. The card does report to the CRAs as a credit card with your CL - you should be able to view your CL online or call cust service to find out.

FICO: EQ 769, TU 762 , EX ???

Message 7 of 8
Frequent Contributor

Re: Costco AMEX


CS800 wrote:

Wish there was a costco around here. Only BJ's



I dont' even know what that is, I know the only competition Costco has I think is Sam's Club? 

 

You should write your congress man/woman!!

 

Smiley Happy


Starting Score: EQ FICO 777
Current Score: EQ FICO 803
Goal Score: EQ FICO 810


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Message 8 of 8