Nordstrom Account - High Balance Reported

[Anonymous]

I have a Nordstrom card, and since there is "soft limit" (I'm not sure that it's technically a "No Present Spending Limit", since there is a limit, it's just higher than my actually reported CL), I occasionally go over my CL, although I always pay it down before my statement closes.

I called Nordstrom and asked them what information is reported to credit bureaus, and the rep I spoke with assured me that balances aren't reported - meaning CLs aren't reported, ending balances aren't reported, and high balances aren't reported.

Well, I just checked my Equifax report, and lo and behold, all of that information is there.

Needless to say, I'm worried that it looks bad that I'm charging more than my stated CL, even though again, I always pay it down, and Nordstrom lets (actually encourages) you go over your CL.

Have I been shooting myself in the foot?

[09Lexie]

Are you referring to their Signature Card?

[Anonymous]

Nope, just their regular store card.

[09Lexie]

Interesting. I have their store card too and I am unfamiliar with 'soft limit'. My high bal and CL have always reported.

[sarkell]

I'd ask if you have paid on time 6 months or more for a cli they are really good about this but you have to ask.

[Anonymous]

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@09Lexie wrote:
Interesting. I have their store card too and I am unfamiliar with 'soft limit'. My high bal and CL have always reported.

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A soft limit just means that you can actually charge more than your stated CL. At least in my experience, this seems to be a point of pride for Nordstrom, as I'm always being told about it. It's also one reason why I've taken advantage of it (that, and the belief that it wouldn't hurt me, as long as everything was paid down by the end of the billing cycle).

[Anonymous]

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@sarkell wrote:
I'd ask if you have paid on time 6 months or more for a cli they are really good about this but you have to ask.

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Did that; it's been 4 months since my last CLI, so the rep said I should wait another 2 months, but otherwise, from what he could see of my account, everything's in excellent order, so when I do get that CLI, his hint was that it should be a pretty hefty one. Still, I'd appreciate it more now, rather than later.

(For some reason, I thought that one could ask for a CLI from Nordstrom every 4 months. Not sure where I got that from.)

[09Lexie]

@ Nord - learn something new everyday. I haven't come close to my CL yet so I'm interested to see what kind of increase I will get. Had the card since November and they SPd me last week.