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Frequent Contributor
Posts: 387
Registered: ‎08-10-2007
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Re: Visa Signature Account Type: Open Account

When I was an AU on DW's sig Visa it reported in the "other" section of my CR's along with my utility accounts.  It reported the highest balance as the CL.  Although I was never 100% sure, it seemed like it wasn't being used to calculate utility.
Moderator Emeritus
Posts: 1,518
Registered: ‎04-20-2007
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Re: Visa Signature Account Type: Open Account

krystofur:

 

While your here, could you look at my thread:

 

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=127508  ?

 

If you have any thoughts, please reply to that thread.

 

 

I apologize for the threadjack!!

EQ 814 / TU 815 / EX 842
New Contributor
Posts: 51
Registered: ‎12-30-2007
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Re: Visa Signature Account Type: Open Account


krystofur wrote:
When I was an AU on DW's sig Visa it reported in the "other" section of my CR's along with my utility accounts.  It reported the highest balance as the CL.  Although I was never 100% sure, it seemed like it wasn't being used to calculate utility.

 

That's exactly what I am looking for. If it is not included in calculating, my revolving UTIL will be below 9%. I am not sure either. I may have some idea when my WaMu reports December PFICO. My lender confirmed my MID FICO score is 766, so it might be the reason.

Regular Contributor
Posts: 159
Registered: ‎11-29-2007
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Re: Visa Signature Account Type: Open Account

BoA gave me a CLI and my score dropped by 15 points. Little did I know that they changed my World Points with a $12,000 line to a Signature card with an $18,000 line. I hate this credit thing, seems once I think I have something figured out ,it changes! What do I do? Charge a bunch on this card and pay it off? Bet Discover  would love that.

TU / FICO Clasic 04 (767), EQ / Facta Beacon 5.0 (723), EX / Fair Isac Ver 2 (761) 9/28/2010 From the lender.
Contributor
Posts: 101
Registered: ‎10-20-2008
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Re: Visa Signature Account Type: Open Account

HELLO,

 

 

Just hashed this out with my accountant. Reviewed all three Credit Reports.  EX and EQ reported my utilization at 28%. TU reported at 48%. All three reports had the same credit limits and balances . EX and EQ ignore signature cards when calculating utilization. TU factors Sig cards using the highest balance for credit limit. All reported the Sig card balance for total debt.

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