Utilization on VISA Sig

[mahendra82]

How do CRAs factor in the utilization on Visa Signature Cards. Do they count the balance in your overall utilization? 

[Anonymous]

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@mahendra82 wrote:

How do CRAs factor in the utilization on Visa Signature Cards. Do they count the balance in your overall utilization? 

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Since most VISA Signature card doesn't report a CL, the account's high balance will be used to calculate your utils.

[vish1]

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@Anonymous wrote:

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@mahendra82 wrote:

How do CRAs factor in the utilization on Visa Signature Cards. Do they count the balance in your overall utilization? 

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Since most VISA Signature card doesn't report a CL, the account's high balance will be used to calculate your utils.

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It depends on the FICO algo used by the lender. If a lender uses a newer algo, your Visa sig / NPSL / World MC cards wont be used for calcualtions at all. For older FICO algo's your high balance will be used for CL.

[DI]

The Visa Signature card with no credit limit is coded as a Flexible Spending account on my credit reports.  Not sure how or iff that affects my FICO score. 

[DI]

One more thing...since no balance is reporting for my BankAmericard Visa Signature to show my $7,000 CL, I  did a PC to BOA AMEX Accelerated card.  Hopefully, the limit reports when ever I get  and activate the card.

[sddykstr]

I was approved last week for a $5K Visa sig. How would a PC work? Would they run my credit again, or change my limit or APR?

[Anonymous]

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@sddykstr wrote:

I was approved last week for a $5K Visa sig. How would a PC work? Would they run my credit again, or change my limit or APR?

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Who do you have the Visa Signature with? How a PC would work (assuming they do it at all) depends on your bank.

[sddykstr]

BofA for me. I just don't want them to decide to change my CL or something like that if I PC.