I've had a JP Morgan Select card since January of this year. It hasn't reported to the CRA's so I called them and was told that neither the JP Morgan Select or the Palladium report to the CRA's! It's a HIDDEN TL! Woot! 
Why am I happy? It has a large CL that will never be a "new" account, and will never affect utilization or AAoA. If I ever have to carry a balance for anything, this will be the card I use. What a nice surprise! 
Weird. Anti-poaching tactic preventing their competitors from seeing the specific tradeline and trying to lure them away?
Personally I don't see the benefit for either the consumer or the lender, other than maybe it's being cheaper not to report it... but since it's all a common infrastructure, it has to be more complicated (read expensive) to exclude them at least on their internal infrastructure side, no clue what the CRA's charge.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
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Starting Score: 617 EQ 10-17-11
android01 wrote:
Revelate wrote:Weird. Anti-poaching tactic preventing their competitors from seeing the specific tradeline and trying to lure them away?
Personally I don't see the benefit for either the consumer or the lender, other than maybe it's being cheaper not to report it... but since it's all a common infrastructure, it has to be more complicated (read expensive) to exclude them at least on their internal infrastructure side, no clue what the CRA's charge.
I doubt its an anti-poaching tactic as you can't really see which card it is, just the financial institution. I think I might even like the idea of a hidden TL more than AMEX and back dating.
Nah, I can almost guaruntee you they can figure out which of a small few cards it likely is just by looking at the tradeline... it truly isn't a long intellectual walk. The lenders all have data on their competitors products (and they can do their own internal analysis too if they wish on their own customer data since they have access to their reports, it's a large enough sample size to be sure). Even without knowledge of the specific tradeline, the listed CL, high balance, current balance, and payments made, that's pretty easy to figure out on review that someone is potentially spending big on the card, and that's enough reason to poach them anyway.
Personally I think it's suspect, but I'm not a fan of anything hidden when it comes to credit reporting and scoring.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
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