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.