01-14-2013 01:33 PM
I've recently opened a few credit cards and they are beginning to appear on my credit report. However, I've noticed some of them post with the credit limit immediately (Barclay's) while others (Chase & Citi) are not showing a limit at all and only a balance. (There's a balance even though I PIF b/c I am using the cards to try to meet minimum spend requirments for bonuses). Anwyay, Chase and Citi just showed up today with no reporting credit limit, which is bothersome because they would've combined for $7K. Instead, it lowered down my credit score by 13 points because they are reporting a balance and not reporting a credit limit. Do you think the credit limits will show up later? This is on the myFico credit score watch thing.
01-14-2013 01:35 PM
I am interested to know about this as well.
01-14-2013 01:35 PM - edited 01-14-2013 01:37 PM
Okay, so I just checked credit karma and it shows the CL on the Citi. It has not detected the Chase acct yet. Come to think of it, the myfico report doesn't show barclay's credit limit even though it appeared on credit karma. Does the myfico score just take longer to post the credit limits???
01-14-2013 01:39 PM
Okay, that's helpful. I just got the statement for the citi account on Friday so it hasn't been a business day yet and Chase hasn't sent me a statement yet.
01-14-2013 03:55 PM
I think it depends on the bank, but most I see report the new CL when the statement generates (like 3 to 5 days after)
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.