Is there a rule with handling acccounts that are NOT on your Credit Report

[plasticguy]

Case in point: Chase Professional Card (Which appears to be no longer offered) has never appeared on my reports. I asked about it and they said as long as the account remains in good standing, then nothing will appear. So, what is the best way to handle that type of card. Should you stay below a certain percent, and should you always pay more than the min?

Limit 25k
Balance $1260.00
rate 9.9%

[DI]

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@plasticguy wrote:
Case in point: Chase Professional Card (Which appears to be no longer offered) has never appeared on my reports. I asked about it and they said as long as the account remains in good standing, then nothing will appear. So, what is the best way to handle that type of card. Should you stay below a certain percent, and should you always pay more than the min?

Limit 25k
Balance $1260.00
rate 9.9%

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What Chase is saying is long as you never pay late or not at all, there's no reason to report the account.  It works the same way as a utility bill or paying rent.  It only appears when you default and goes to collections.

[plasticguy]

Thanks for the reply. It's too bad this account doesn't help my scores. I have 25K more exposure than the bureaus think I have.

[creditwherecreditisdue]

Isn't Chase Professional a business card?

[haulingthescoreup]

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creditwherecreditisdue wrote:
Isn't Chase Professional a business card?

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It is (was) a personal card, but you had to say that you were using it for business purposes, or something. It was an odd hybrid, but it reported on personal CRA's.

It was very popular here about 15 or so months ago, and then it seemed to sink without trace, at least in the various waves of CC apping hysteria.

[plasticguy]

New Info: The Chase Professional card is now the "INK Business" Card. I will be getting a new card in 5 days. I am not the owner of any business

[Anonymous]

hi Plastic Guy.  I don't get it, is the "Ink Business Card" a VISA / MC , or other?  

it gets no mention as to what is on here : 

http://www.chasebusinesscard.com/zeroapr-cards.asp

I was considering apping for it, but now I found out it doesnt report to any CRA.  

Did this change now that they sent you the "Ink" card?

Are you happy w/ this card? Would you recommend it? And did you get the 3% cashback card?  

Thanks for your input

- alphawav