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How Does A Charge Card Affect Your FICO Score?

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Anonymous
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How Does A Charge Card Affect Your FICO Score?

I have my AMEX charge card (the green one) and I just put $1000 on it.  I'm wondering how that's going to affect my FICO score, if at all, before i get the chance to pay it off.
 
 
anyone know?
Message 1 of 2
1 REPLY 1
fused
Moderator Emeritus

Re: How Does A Charge Card Affect Your FICO Score?

In my experience, as long as this card is not reporting as credit card: revolving terms it will not factor in FICO util% calculations. This is how my Amex Gold card reports on all three bureaus
 
EQ: other open account; this is alright and being reported like this ensures it won't factor in util% calculations
 
EX: charge account with terms = 1 month, again doesn't factor in util% calculations (finally EX got this reporting accurately, I nearly sued them)
 
TU: same as EQ
 
 
 
 
 
 
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