10-17-2012 12:34 PM
Mine is really high because I have a BOA Visa Signature card which has no credit limit. They report n/a under credit limit on my credit report. So, my total available credit limit is only a sum of my other two cards. I've contacted BOA and they say that is their standard reporting information similar to a generic AMEX card. How do you guys handle this? My utilization seems high when in reality it isn't. Thanks.
10-17-2012 01:20 PM
Keep asking, all cards have a limit. otherwise I assume either the standard $500-1000 is your credit limit. They say don't utilize more than 9%.
10-17-2012 05:55 PM
Cards without hard limits are generally categorized into another category. Where are you getting your scores? FAKOs don't factor the same as FICO.
10-17-2012 07:40 PM
You're right BOA said it was 5k but very loose. I can go way over w/o an issue. And I'm very embarrased to say I got my credit Utilization score from Credit Karma. Yes, I'm now a cheapskate.