Reply
Frequent Contributor
jaysdad2k
Posts: 368
Registered: ‎02-07-2008
0

Re: Flexible spending credit card????

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.

 

 

"Knowledge is of no value unless you put it into practice."- Anton Chekhov
4/11 TU 743 4/11 EQ 763
Super Contributor
DI
Posts: 5,744
Registered: ‎01-28-2008
0

Re: Flexible spending credit card????


minimock wrote:

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.

Frequent Contributor
minimock
Posts: 443
Registered: ‎10-23-2010
0

Re: Flexible spending credit card????

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)


Frequent Contributor
crosbyk1
Posts: 485
Registered: ‎02-17-2008
0

Re: Flexible spending credit card????

My think was that if the CL did not report they used highest usage as your CL.


Starting Score: 744
Current Score: 744
Goal Score: 800


Take the FICO Fitness Challenge
Established Contributor
jefftca925
Posts: 706
Registered: ‎08-14-2008
0

Re: Flexible spending credit card????

 


crosbyk1 wrote:

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.

 

CCs: Chase Freedom VS 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Amex Zync, Costco Amex 12k, BofA CR VS 17k, Amex BCP 9.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase United VS 13k, Chase Marriott VS 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates VS 8k, Orbitz VS 9k, NASA V 30k, USBk FP VS 17k

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}