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Regular Contributor
SanjeevR
Posts: 121
Registered: ‎01-10-2012
0

Re: JP Morgan Select Reporting Question


swpopham wrote:
You know what im thinking, is yes it reported our high balance but I think it is scored like an Amex charge because it did not factor in to our utilization. On mine or my wifes credit report. I was hoping like everyone else it would stay hidden. Oh well ill see if it reports next month our statement closes on the 27th

Can I ask how long you've had the card? Do you have other Chase cards? I ask because someone else mentioned that they had several Chase products. Maybe this has something to do with it?

Starting scores: Around 630 (Sep 2011)
Current FICO scores: TU ‘08 792 (Walmart) • EQ 765 • EX 771 (Amex)
Prime cards: JP Morgan Select (30K) • HHonors Reserve (30K) • Chase United MileagePlus Explorer (20K) • Chase Sapphire Preferred (20K) • Amex Hilton Honors Surpass (20K) • Amex BCP (20K) • Barclay Ring (20K) • Citi Thank You Premier MC/Visa (16K Combined) • Discover Escape (10K) • Amex SPG (5K) • Amex Premier Rewards Gold • US Bank Cash+ (5K+???)
Established Contributor
swpopham
Posts: 550
Registered: ‎06-02-2012
0

Re: JP Morgan Select Reporting Question

We just got it like 13 days ago when we started the chase private client banking. We have the csp, freedom, ink bold and then this palladium account that we just got. When I get to my computer i'll do a screen shot of the score watch but im 99% that that's the new account
"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Regular Contributor
MustangSaluki
Posts: 203
Registered: ‎07-07-2008
0

Re: JP Morgan Select Reporting Question


swpopham wrote:
You know what im thinking, is yes it reported our high balance but I think it is scored like an Amex charge because it did not factor in to our utilization. On mine or my wifes credit report. I was hoping like everyone else it would stay hidden. Oh well ill see if it reports next month our statement closes on the 27th

Yes looking at your first post on this thread it did appear similar to how the Amex charge cards report. However utilization is not the only factor in the equation here. It is addition of another TL, reduction in AAoA and short term impact to score due to new account etc as well.

Regular Contributor
MustangSaluki
Posts: 203
Registered: ‎07-07-2008
0

Re: JP Morgan Select Reporting Question


swpopham wrote:
We just got it like 13 days ago when we started the chase private client banking. We have the csp, freedom, ink bold and then this palladium account that we just got. When I get to my computer i'll do a screen shot of the score watch but im 99% that that's the new account

What is your approved Palladium Credit Limit? Should show up in your Chase account or mentioned during approval process.

Established Contributor
swpopham
Posts: 550
Registered: ‎06-02-2012
0

Re: JP Morgan Select Reporting Question

25k he said said because its a signature card we can do 3x cl on option and pay it under 25k before due date. We will never be that far in the hole, I still don't have any feelings on if its worth 595 a year
"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
0

Re: JP Morgan Select Reporting Question


swpopham wrote:
Same series of cards. I ordered a set of plastic cards and the select cards showed up. The palladium card is the metal version of the select. Same trade line. It wasn't supposed to report. But all it dose is report no limit and your high balance for the month. The option/revolver. I paid the balance before the closing date and that still posted. Ymmv type thing but mine reported

You sure your palladium is reporting?  Mine isn't.  I've talked to Palladium CS and they said they were not reporting as policy.

               LIMITS IN CARD DESCRIPTIONS
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
0

Re: JP Morgan Select Reporting Question


swpopham wrote:
25k he said said because its a signature card we can do 3x cl on option and pay it under 25k before due date. We will never be that far in the hole, I still don't have any feelings on if its worth 595 a year

Also, Palladium shouldn't be treated as AMEX charge card if it is reporting.  What determines that is what it says under terms.  If it says one month or something like that, it will be ignored in utilization % calculations.  Since it is a credit card, it shouldn't say that.

               LIMITS IN CARD DESCRIPTIONS
Valued Contributor
android01
Posts: 1,208
Registered: ‎09-22-2009
0

Re: JP Morgan Select Reporting Question

[ Edited ]

I've had the Select since January, and it hasn't appeared on any CR.  

EQ FICO - EQ08 - 850 -9/2/14
TU FICO - TU08 - 850 - 7/18/14
EX FICO - EX08 - 850 - 7/18/14
Frequent Contributor
Jake0215
Posts: 260
Registered: ‎11-10-2011
0

Re: JP Morgan Select Reporting Question

There always seems to be someone on these types of threads who claim the select/palladium report.

Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


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Regular Contributor
SanjeevR
Posts: 121
Registered: ‎01-10-2012
0

Re: JP Morgan Select Reporting Question

Well, I took the plunge anyway! Sure hope it doesn't report!
Starting scores: Around 630 (Sep 2011)
Current FICO scores: TU ‘08 792 (Walmart) • EQ 765 • EX 771 (Amex)
Prime cards: JP Morgan Select (30K) • HHonors Reserve (30K) • Chase United MileagePlus Explorer (20K) • Chase Sapphire Preferred (20K) • Amex Hilton Honors Surpass (20K) • Amex BCP (20K) • Barclay Ring (20K) • Citi Thank You Premier MC/Visa (16K Combined) • Discover Escape (10K) • Amex SPG (5K) • Amex Premier Rewards Gold • US Bank Cash+ (5K+???)

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