Macy's CC

[dwhanc00]

I have a Macy's CC and they do not report my CL.  How does FICO look at that when I have a balance show up?  My CL is $2,000 and I recently made a purchase for $200, will that go against my other limits as usage?

[smc733]

That 200 will go against the reported CLs on all your other cards, IIRC.  IDK if some scores ignore it like they do with Amex charge cards.

[fused]

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@dwhanc00 wrote:

I have a Macy's CC and they do not report my CL.  How does FICO look at that when I have a balance show up?  My CL is $2,000 and I recently made a purchase for $200, will that go against my other limits as usage?

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Does your Macy's card report a "highest balance"?

[llecs]

Ditto to fused, but if your Macys is like mine, neither the balance nor the CL will ever be factored into utilization (because no CL or high balance is reporting).

[fused]

Now, why didn't I just say the same thing? *face palm*

[Creditaddict]

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@llecs wrote:

Ditto to fused, but if your Macys is like mine, neither the balance nor the CL will ever be factored into utilization (because no CL or high balance is reporting).

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+1 It looks just like the Amex Charge Card on credit report and doesn't factor

[dwhanc00]

Go figure...  Highest CL and it is not reported...  Thanks for the input.  I will utilize the "free" money for the 30 day period then.  I am about to buy a car sometime this month, so I am watching my credit closely!

[Anonymous]

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@llecs wrote:

Ditto to fused, but if your Macys is like mine, neither the balance nor the CL will ever be factored into utilization (because no CL or high balance is reporting).

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But having a balance on Macys still matters in that it is an account with a balance, right?

So, if I'm trying to keep my number of accounts reporting a balance down to, say, two; then I need to count the Macy's balance when I have one?

[llecs]

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@Anonymous wrote:

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@llecs wrote:

Ditto to fused, but if your Macys is like mine, neither the balance nor the CL will ever be factored into utilization (because no CL or high balance is reporting).

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But having a balance on Macys still matters in that it is an account with a balance, right?

So, if I'm trying to keep my number of accounts reporting a balance down to, say, two; then I need to count the Macy's balance when I have one?

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Even if there is a balance, it should still be excluded because there is no CL listed or "high balance" listed. On the week that DSNB updated, I had low balances on my 2 Macys and my Bloomies. The scores took a beating after losing about $7000 in available credit.