03-13-2011 09:37 AM
My Nordstrom Signature Visa started reporting my CL ($5,000) as of February. I carried a small balance for the first time, and thought maybe that was the reason. CK even shows it as "other". But I did notice that it shows on reports as Flexible Spending Credit Card. Ok, so now I have more total CL reported, and anyone who looks can see I've used very little of my available credit.
I think this is a good thing. The benefits of a Signature, and a reported CL.
03-13-2011 09:42 AM
What is up with this? I got my brand new BOA signature visa with a $8000 CL. It shows up on my CR as a "Flexible spending credit card"
With a big fat 0 on the CL line?
After careful consideration, I have come to the healthy conclusion that this cant be any good for ye ole FICO score.
Anyone else ever see this?
I have the same card with a $7000 CL. I did a product change to the BOA AMEX Accelerated card. That should get the credit line to report to the CRAs.
03-13-2011 09:43 AM
Well. i dont think I would have got the signature except I have a checking, savings, 401k and a brokerage account with them, and all my baddies expired at the same time leaving me a clean slate and a decent score.
Thanks for the input.
Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014
US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)
03-13-2011 11:06 AM
My think was that if the CL did not report they used highest usage as your CL.
That is what the NPSL cards do. I usually pay mine off before the statement cuts but I accidentally let one post a balance one month and my score took a 20 point hit as the card looked maxed out. The next month when it showed paid off it rebounded back plus some...so it's only temporary.
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.
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.