Established Contributor
Posts: 985
Registered: ‎09-10-2012

Re: Which is better for credit score? AMEX Charge or Credit?

I was really hoping that you could get it at Walmart because that's where I do 90% of my grocery's so much cheaper than stand alone stores. I think I would save the same amount staying at walmart then to get the cash back from amex.
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Established Member
Posts: 85
Registered: ‎02-08-2013

Re: Which is better for credit score? AMEX Charge or Credit?

Actually this doesn't even matter because we shop at Target with our Debit RedCard (linked to checking) which gives me 5% off as it is. 


So back on topic I guess we'll wait in the garden for a while and let things settle for the next 6 months, then we'll apply for her a BCE of her own to boost her AAoA up.

We don't want to do the BCP because it has an AF and we won't be able to use it enough to warrant the AF since we use the CSP predominately (to make it worth its own $95 AF).  

Total CL $179k | Budget Management | FICO Scores (TU 693) (EX 718) (EQ 729) | EIDT Me+Spouse Plan
Senior Contributor
Posts: 3,666
Registered: ‎12-11-2011

Re: Which is better for credit score? AMEX Charge or Credit?


Just because a card does not report a limit, does not mean it is not factored into util. Some lenders don't report limits on their flexible spend cards (visa siggys/world mastercards), however, as far as I know, their balances still get used to calculate util.

Charge cards on the other hand are not counted into util (exception being the '98 (i think) scoring models)

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+