No Balance Credit Card is not Reporting to Credit Union Good or Bad for FICO?

[Anonymous]

I have a credit card with high credit limit which I do not use at all (so no balance). The credit card does not report to the credit unions so is it good or bad for my credit/fico score?

I want to apply for a difference credit card that offer good signup travel rewards so would like to know if having this high limit credit card help or hurt my chances of getting this new card. Thanks.

John

[pizzadude]

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@Anonymous wrote:

I have a credit card with high credit limit which I do not use at all (so no balance). The credit card does not report to the credit unions so is it good or bad for my credit/fico score?

I want to apply for a difference credit card that offer good signup travel rewards so would like to know if having this high limit credit card help or hurt my chances of getting this new card. Thanks.

John

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Welcome to the forums !

Are you saying that this credit card is not appearing on any of your credit reports ?   If that is the case then it won't be factored into your FICO score at all.

[Anonymous]

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@Anonymous wrote:

I have a credit card with high credit limit which I do not use at all (so no balance). The credit card does not report to the credit unions so is it good or bad for my credit/fico score?

I want to apply for a difference credit card that offer good signup travel rewards so would like to know if having this high limit credit card help or hurt my chances of getting this new card. Thanks.

John

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John,

What kind of card do you have?  I would love to have a card that doesn't report to the CRAs.  FYI,  credit cards are not reported to credit unions.  They are reported to credit bureaus.  You may just have misspoke.   SInce the card doesn't have a balance it's not either good or bad.  But if you plan to carry a balance on other cards, you probably would like for the credit line to report for utilization purposes. 

[FrugalRican]

Does this happen to be a Bank of America Visa Signature card? Or something similar? Or one of the JP Morgan cards?

[Anonymous]

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@FrugalRican wrote:

Does this happen to be a Bank of America Visa Signature card? Or something similar? Or one of the JP Morgan cards?

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Those cards reports.  The just do not report the credit lines.  I think OP is saying his card doesn't report a tradeline. 

[Anonymous]

Yeah your right I mean the credit bureaus The credit card I have is the Fidelity Investments Visa Credit Card (from 2005) which I have a $28K credit limit (the highest I have) but which I never use. Trying to see if I should keep this or cancel it to have a better chance at getting the new credit cards. The only other card I am keeping right now is a 10K Discover Card (from 1994 also no use/balance ) because of it's long history.

Right now I am trying to get (all by Chase), Hyatt Visa, Chase Sapphire Preferred, Chase Freedom for their great signup travel bonuses.

Thanks,

John

[pizzadude]

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@Anonymous wrote:

Yeah your right I mean the credit bureaus The credit card I have is the Fidelity Investments Visa Credit Card (from 2005) which I have a $28K credit limit (the highest I have) but which I never use. Trying to see if I should keep this or cancel it to have a better chance at getting the new credit cards. The only other card I am keeping right now is a 10K Discover Card (from 1994 also no use/balance ) because of it's long history.

Right now I am trying to get (all by Chase), Hyatt Visa, Chase Sapphire Preferred, Chase Freedom for their great signup travel bonuses.

Thanks,

John

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I would not cancel the card ~ have you checked all three CRAs to confirm that it isn't reporting ?   It would be unusual for it to not be reported at all.....

[FrugalRican]

I wouldn't get rid of it. A lot of people would kill for a non-visible line.

Does your card say "Visa Signature" on it?

BTW, Chase MIGHT let you get all those cards at the same time, but be prepared in case they don't. They might state a 30-day rule.

Are you a Chase checking customer?

[tntexans72]

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@Anonymous wrote:

I have a credit card with high credit limit which I do not use at all (so no balance). The credit card does not report to the credit unions so is it good or bad for my credit/fico score?

I want to apply for a difference credit card that offer good signup travel rewards so would like to know if having this high limit credit card help or hurt my chances of getting this new card. Thanks.

John

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What does your report look like? AAoA, inquiries, util %?

Chase will more than likely pull EQ.

[Anonymous]

Yes it does say "Visa Signature" on it.  I am a Chase Checking Customer. I had a Chase Business Credit Card (opened by me, 9K) but cancelled it since they will use that against me when I apply for the consumer credit card.  I am planning on appling to each of the Chase Cards over an extended period of time. Would like to get at least one of them.