PNC Visa Signature card hurts your credit score?

[plasticguy]

I happened to have this card with a 25K limit and it reports the limit to ALL 3

[Platinum]

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@BlackHawk1 wrote:

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@Spider15 wrote:
BlackHawk1 - solution is to use cash.

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LOL no I get too much back in cashback to do that. I pay off my balances in full every month. I have done that since I got a CC many moons ago.

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See. You make money, they make money. I don't see any problem here.

[BlackHawk1]

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@longtimelurker wrote:

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@BlackHawk1 wrote:

That's really nice of them! Wow, unreal, but not surprised. These companies make me sick.

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Of course they make changes to benefit them rather than hurt themselves, but in this case the change doesn't negatively impact you.  It might impact merchants but the belief is it brings them more business/better customers justifying the fee.

I think your fears are a little unfocused.  Originally you seem to think the issuer was trying to sucker you into giving you a card which would lower your score.  No real gain for the issuer there if it did, right?  You pay in full, so even an APR change wouldn't hurt you.

But do what you feel happier with.

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Well yes a card that would impact my score negatively, but not on purpose. I am stuck on what I read some years back about how they don't report correctly on these types.

[TiggerDat]

I didn't read all the threads to know if someone has already answered the question or not, so here goes.

PNC Signature DOES report your limit and the fact that it is a flexible spending card.  Since the limit is reported, you shouldn't have any worries!

I do have the PNC Signature card, so I have seen the limit on my reports!

The only thing I don't like about the card is that they never give credit limit increases.  I have 5x what my limit is deposited at their bank and I guess even that relationship doesn't help me in getting a CLI!  The card has seen a lot of use and always PIF, except twice, and still they don't seem to want to hand out an increase without a hard pull.  I won't agree to an hp for a limit increase.  

[longtimelurker]

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@BlackHawk1 wrote:

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@Spider15 wrote:
BlackHawk1 - solution is to use cash.

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LOL no I get too much back in cashback to do that. I pay off my balances in full every month. I have done that since I got a CC many moons ago.

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And you hate the companies giving you this cashback!

[Platinum]

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@BlackHawk1 wrote:

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@longtimelurker wrote:

---

@BlackHawk1 wrote:

That's really nice of them! Wow, unreal, but not surprised. These companies make me sick.

---

Of course they make changes to benefit them rather than hurt themselves, but in this case the change doesn't negatively impact you.  It might impact merchants but the belief is it brings them more business/better customers justifying the fee.

I think your fears are a little unfocused.  Originally you seem to think the issuer was trying to sucker you into giving you a card which would lower your score.  No real gain for the issuer there if it did, right?  You pay in full, so even an APR change wouldn't hurt you.

But do what you feel happier with.

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Well yes a card that would impact my score negatively, but not on purpose. I am stuck on what I read some years back about how they don't report correctly on these types.

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You've got stuck on some old info and we have tried to get you to move on. Your fear is baseless.

[Platinum]

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@longtimelurker wrote:

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@BlackHawk1 wrote:

---

@Spider15 wrote:
BlackHawk1 - solution is to use cash.

---

LOL no I get too much back in cashback to do that. I pay off my balances in full every month. I have done that since I got a CC many moons ago.

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And you hate the companies giving you this cashback!

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Exactly my thought. 

[BlackHawk1]

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@Platinum wrote:

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@longtimelurker wrote:

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@BlackHawk1 wrote:

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@Spider15 wrote:
BlackHawk1 - solution is to use cash.

---

LOL no I get too much back in cashback to do that. I pay off my balances in full every month. I have done that since I got a CC many moons ago.

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And you hate the companies giving you this cashback!

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Exactly my thought. 

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No that part is fine obviously, but the other baloney is not.

[BlackHawk1]

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You've got stuck on some old info and we have tried to get you to move on. Your fear is baseless.

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Ok we will see. If my score goes down I will hunt you down! lol

[Platinum]

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@BlackHawk1 wrote:

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@Platinum wrote:

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@longtimelurker wrote:

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@BlackHawk1 wrote:

---

@Spider15 wrote:
BlackHawk1 - solution is to use cash.

---

LOL no I get too much back in cashback to do that. I pay off my balances in full every month. I have done that since I got a CC many moons ago.

---

And you hate the companies giving you this cashback!

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Exactly my thought. 

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No that part is fine obviously, but the other baloney is not.

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There is no baloney here. They want to make it sustainable giving you that cash back, so they need to charge merchants higher fees when you upgrade. And now we know for sure, member here just reported, that they DO report your access line as your credit limit. What is to hate here???