What is the best way to handle this reporting

[Red1Blue]

I have checked on TC the Amex Optima Oasis reporting. It is reporting as below on TU/EQ. It is showing the balance, but not CL. What is the best way to handle this reporting?

Should I ask Amex / CRA to report the CL $5K I have or just pay off the balance and let it report as $0 and leave it the way it is. I am not going to use the card much so it does not  matter.

But from Fico Scoring point of view what is the best to get this resolved? I have paid off the balance, next month once the balance shows $0 will my scores go up?

TransUnion Experian Equifax Past Due: $0     High Balance: $131   $131 Terms:   Limit:       Payment:     $0 Opened: 01/02/1995   01/1995 Reported: 02/05/2008   02/2008 Responsibility: Individual   Individual

[Anonymous]

Well that stinks-

Not having the CL reported (I am sure you know) FICO is going to use you High balance-

I would call AMEX and and ask them to report the CL-

Was the old card a Charge card?

[Red1Blue]

Yes, my old card is a charge card. At that time Amex did not have Credit Cards. The new item on CR is reporting as Credit Card.

I'll ask Amex to report the CL. In the mean time, I have paid off balance in full, so next time it should report a balance of $0. Is that OK with Fico?

Once it reports as $0 Balance would I see any increase in the scores?

Condition: Open   Open Balance: $131   $131 Type: Credit Card   Credit Card Pay Status: Current   Current

[Anonymous]

Well it seems even though your new card is a credit card- AMEX is reporting it just like a Charge card-

Yep- I think you will get a boost as it appears maxed - unless there is a High Balance that is higher than your actual balance-

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concorduser wrote:

Yes, my old card is a charge card. At that time Amex did not have Credit Cards. The new item on CR is reporting as Credit Card.

I'll ask Amex to report the CL. In the mean time, I have paid off balance in full, so next time it should report a balance of $0. Is that OK with Fico?

Once it reports as $0 Balance would I see any increase in the scores?

Condition: Open   Open Balance: $131   $131 Type: Credit Card   Credit Card Pay Status: Current   Current

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[Red1Blue]

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Timothy wrote:

Well it seems even though your new card is a credit card- AMEX is reporting it just like a Charge card-

Yep- I think you will get a boost as it appears maxed - unless there is a High Balance that is higher than your actual balance-

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concorduser wrote:

Yes, my old card is a charge card. At that time Amex did not have Credit Cards. The new item on CR is reporting as Credit Card.

I'll ask Amex to report the CL. In the mean time, I have paid off balance in full, so next time it should report a balance of $0. Is that OK with Fico?

Once it reports as $0 Balance would I see any increase in the scores?

Condition: Open   Open Balance: $131   $131 Type: Credit Card   Credit Card Pay Status: Current   Current

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Thanks Timothy, I'll call Amex and ask them to report CL. Until they do that, I'll see the account reports a $0 balance so I wont take a hit with the scores. My new Platinum Charge Card also should start showing some time soon. They just cut the first billing statment yesterday. Let us see how that is going to appear on my CR once they post it.