Credit Cards Center Credit cards from our partners
Reply
Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Flexible Spending Account

What exactly does this mean??

 

My Barclaycard Rewards World MC is reporting on EX/EQ already and it lists the limit and it says that under type of account.




EQ FICO 548 3/3/16
Valued Contributor
Posts: 2,528
Registered: ‎11-11-2010
0

Re: Flexible Spending Account

That means NPSL, World MasterCard.

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)
Valued Contributor
Posts: 1,348
Registered: ‎09-22-2009
0

Re: Flexible Spending Account

A Flexible Spending Account is one where you can charge over your limit without penalty AS LONG AS you pay the balance back down to your stated limit within the next billing cycle.  How much exactly they'll let you charge over your limit will require a phone call to find out, or it may be stated somewhere in the fine print of your card member agreement.   

EQ Fico 8 - 846
TU Fico 8 - 848
EX Fico 8 - 836
Established Contributor
Posts: 912
Registered: ‎06-14-2012
0

Re: Flexible Spending Account


trumpet-205 wrote:

That means NPSL, World MasterCard.


Thats true. LS, even though they approved you for 5k (if i remeber correctly) Trumpet is right, they will let you spend over that limit on a case-by-case basis



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Super Contributor
Posts: 7,530
Registered: ‎12-11-2011
0

Re: Flexible Spending Account

+1 to all those.

Its similar to a visa sig card which gets npsl

I think all world mastercards and higher (world elite) get this option.


Established Contributor
Posts: 566
Registered: ‎02-14-2012
0

Re: Flexible Spending Account

Yup, my CSP reports the same way. I went over by about $700 this summer and was required to pay the overage along with the min payment, but no AA. I PIF. Very cool to have that option should you need it.Smiley Wink

AmEx Platinum | AmEx BCP | AmEx Delta Gold | CSP | Chase Freedom | NFCU cashRewards Visa Sig | NFCU Plat MC | WM MC | Discover it | JCP


Super Contributor
Posts: 6,677
Registered: ‎04-07-2008
0

Re: Flexible Spending Account


android01 wrote:

A Flexible Spending Account is one where you can charge over your limit without penalty AS LONG AS you pay the balance back down to your stated limit within the next billing cycle.  How much exactly they'll let you charge over your limit will require a phone call to find out, or it may be stated somewhere in the fine print of your card member agreement.   


+1




Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: Flexible Spending Account

Not that i'll ever do that (go over limit) but thats a nice feature.




EQ FICO 548 3/3/16
Super Contributor
Posts: 7,530
Registered: ‎12-11-2011
0

Re: Flexible Spending Account


LS2982 wrote:

Not that i'll ever do that (go over limit) but thats a nice feature.


You never know!

 

Someone posted about a week or two ago that they wanted to pay their childs college tuition with a card and they had a visa sig (with npsl) that had a $5k limit and they paid 20k on the card without issue. They just called up and asked first. lol



Super Contributor
Posts: 6,677
Registered: ‎04-07-2008
0

Re: Flexible Spending Account

 Iwas told the same thing with my BOA 1-2-3. It even reports as a Flec spending account. I can go over without penalty




Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

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.