Difference on Bank of America Signature Cards and Regular Credit Cards???

[Anonymous]

Any know?

[Anonymous]

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@Anonymous wrote:
Any know?

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Signature Cards do not report credit limit 

[Anonymous]

I read no pre set spending limit. So if my credit limit is 5k I can over I just have to pay back the difference on my next bill? Does this sound right?

[Anonymous]

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@Anonymous wrote:
I read no pre set spending limit. So if my credit limit is 5k I can over I just have to pay back the difference on my next bill? Does this sound right?

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Correct but on your report it won't show $5k limit so anything you charge will go against your UTI

[cashnocredit]

Some Visa Signature issuers report CLs. For instance Chase recently started reporting CLs. It depends on the issuer. If CLs aren't reported high balance is used instead. I'm not sure what FICO uses if your high balance is above your CL.

[tengtengvn]

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@Anonymous wrote:

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@Anonymous wrote:
Any know?

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Signature Cards do not report credit limit 

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My BoA does.

[Anonymous]

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@tengtengvn wrote:

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@Anonymous wrote:

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@Anonymous wrote:
Any know?

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Signature Cards do not report credit limit 

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My BoA does.

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Do you have the Cash Rewards Signature Visa?

[RockinRay]

My new Cash Rewards Signature does not...

[Anonymous]

Yes I got the cash rewards signature visa

[smc733]

I'm hoping Bank of America comes around on this, with Chase and Citi now reporting lines, it would be nice if they did, I would love to upgrade my BofA to a signature, but I refuse to do so until it reports my $5,000 (and probably soon larger) line to the credit bureaus.