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.
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