Reply
Valued Member
Posts: 52
Registered: ‎05-26-2009
0

Difference between Chase Freedom and Freedom Signature?

I have been reading posts about people talking about the freedom and the freedom signature just curious what the difference is?

Epic Contributor
Posts: 24,293
Registered: ‎10-23-2007
0

Re: Difference between Chase Freedom and Freedom Signature?

Difference is Freedom Signature will report highest balance not credit limit.... Regular Chase reports CL.

Fico Scores: EQ- 670., TU 705 Sync, EX 700 (04/20/15)
I'm just trying to catch up to RON1
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
83 Cards and Counting :smileytongue:
Valued Member
Posts: 52
Registered: ‎05-26-2009
0

Re: Difference between Chase Freedom and Freedom Signature?

[ Edited ]

Creditaddict wrote:

Difference is Freedom Signature will report highest balance not credit limit.... Regular Chase reports CL.


Is that a good thing or a bad thing? :smileysad:

 

If it is good how can i upgrade to signature?

Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011
0

Re: Difference between Chase Freedom and Freedom Signature?

The signature requires a minimum CL of 5k sob you need that before you can ask to be PC. The downside is that with that CL not bring reported your utilization will suffer, but if you PIF everything that is a moot point. I'm not sure what other perks the siggy version gets you.
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Difference between Chase Freedom and Freedom Signature?

You highest balance becomes that cards CL. Depending on the scoring model, it may be beneficial or negative against you. Though such impact will be minimal.

 

I wouldn't worry about it. The whole no CL reporting is overhyped.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.