Credit Access Line

[Dawn]

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fused wrote:

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denbar2003 wrote:

I just realized that the new Chase Freedom Cash World MasterCard we received has a Credit Access Line instead of a Credit Limit. Does Chase report this as a Credit Limit? 

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It depends, how big is this credit access line?

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Only $5,000 ... and it did end up reporting as revolving / open with no CL visible and using the high balance ($672) for credit availability and the balance ($672) factored into utilization.  Yuck!!!

We discussed this in greater depth  over here:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=19615

Chase manually updated the Credit Line, but it remains to be seen if it is going to "stick" permanently.

[fused]

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denbar2003 wrote:

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fused wrote:

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denbar2003 wrote:

I just realized that the new Chase Freedom Cash World MasterCard we received has a Credit Access Line instead of a Credit Limit. Does Chase report this as a Credit Limit? 

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It depends, how big is this credit access line?

---

Only $5,000 ... and it did end up reporting as revolving / open with no CL visible and using the high balance ($672) for credit availability and the balance ($672) factored into utilization.  Yuck!!!

We discussed this in greater depth  over here:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=19615

Chase manually updated the Credit Line, but it remains to be seen if it is going to "stick" permanently.

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Too bad, I was hoping you were going to say a line of 50 or 60K.

[MystiAnne]

I have another question--does calling it a credit access limit get them out of the recent controls placed on credit cards (notification days before reducing or closing credit)?

[MarineVietVet]

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@MystiAnne wrote:

I have another question--does calling it a credit access limit get them out of the recent controls placed on credit cards (notification days before reducing or closing credit)?

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Hi MystiAnne and welcome,

In case you didn't notice this thread is well over 3 years old so the information in it could very well be out dated.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".