topic Re: Question about "Flexible Spending Credit Card" in Credit Cards

Question about "Flexible Spending Credit Card"

Lyythine — Tue, 06 Jan 2015 14:46:32 GMT

I jumped on the US Air 50k reward from barclay last month and was approved, however, when the account posted to my CR, it shows as a "flexible spending credit card."

Anyone have any idea why? or what that may mean? I have had varous charge cards report as such, but not a credit card.

Re: Question about "Flexible Spending Credit Card"

Anonymous — Tue, 06 Jan 2015 14:53:44 GMT

It means that you can charge over your CL but need to pay any excess plus your minimum payment on your next statement.

Re: Question about "Flexible Spending Credit Card"

Lyythine — Tue, 06 Jan 2015 14:57:41 GMT

@Anonymous wrote:
It means that you can charge over your CL but need to pay any excess plus your minimum payment on your next statement.

Thank, Irish! I assumed as much, but did not think that was a thing with barclay cards, which is why I asked.

Now... what to buy so I can test it out

Re: Question about "Flexible Spending Credit Card"

Anonymous — Tue, 06 Jan 2015 15:03:41 GMT

I think most Visa Signature and World Mastercards are NPSL now but not sure why some report that way and others don't

Re: Question about "Flexible Spending Credit Card"

Klesko — Tue, 06 Jan 2015 15:58:29 GMT

My new barclays arrival card is reporting this way. I was wondering what it meant.

Re: Question about "Flexible Spending Credit Card"

TRC_WA — Tue, 06 Jan 2015 16:11:07 GMT

My Sallie Mae is reporting the same... Flexible spending CC. Gotta love the WMC perks.

Re: Question about "Flexible Spending Credit Card"

Anonymous — Tue, 06 Jan 2015 16:27:51 GMT

...but it's a limit to the amount over the limit though correct?

Re: Question about "Flexible Spending Credit Card"

Klesko — Tue, 06 Jan 2015 16:31:21 GMT

Yes you never want the balance to report as higher than the CL. It means the card wont be rejected if used for a purchase which would put it over the limit, though I am not sure by how much.

Re: Question about "Flexible Spending Credit Card"

Anonymous — Tue, 06 Jan 2015 16:34:11 GMT

My Visa Sig. mentioned the details in the terms but I skimmed over it because I don't plan on charging over the 5.8k limit.

Re: Question about "Flexible Spending Credit Card"

-Wade- — Tue, 06 Jan 2015 21:23:09 GMT

My US Bank Cash+ reports that way also

Re: Question about "Flexible Spending Credit Card"

CreditMagic7 — Tue, 06 Jan 2015 21:27:58 GMT

Same. I would never dream of needing to go over-the-limit at all but it's there in any event on my Barclays & Voice CC's too.

Re: Question about "Flexible Spending Credit Card"

Lyythine — Wed, 07 Jan 2015 06:39:58 GMT

I am just curious how much they are willing to let me go over... Ive never had Amex give me a problem and I have put some huge purchases on my amex plat... I kind of want to see what barclays is made of. I probably wont do anything as I have nothing I need to buy, but curious none-the less.

Re: Question about "Flexible Spending Credit Card"

Anonymous — Wed, 07 Jan 2015 14:29:05 GMT

@Lyythine wrote:
I am just curious how much they are willing to let me go over... Ive never had Amex give me a problem and I have put some huge purchases on my amex plat... I kind of want to see what barclays is made of. I probably wont do anything as I have nothing I need to buy, but curious none-the less.

Varies on your spending patterns.

Conservatively, I'd say you're safe going up to 20% over your CL, In some extreme cases, they may allow 2X your CL and over.

Re: Question about "Flexible Spending Credit Card"

Anonymous — Wed, 07 Jan 2015 17:15:49 GMT

Are these cards reporting the credit line? Curious because I just got approved for a Visa Signature, (Barclays), and it hasn't hit my reports yet.

Re: Question about "Flexible Spending Credit Card"

Lyythine — Wed, 07 Jan 2015 17:26:15 GMT

Mine is reporting the credit limit, but it took them almost a month for it to hit my reports

Re: Question about "Flexible Spending Credit Card"

Anonymous — Wed, 07 Jan 2015 17:30:06 GMT

@Lyythine wrote:
Mine is reporting the credit limit, but it took them almost a month for it to hit my reports

Weird, Mine showed within a week of approval.

Re: Question about "Flexible Spending Credit Card"

Anonymous — Wed, 07 Jan 2015 17:35:41 GMT

@Lyythine wrote:
Mine is reporting the credit limit, but it took them almost a month for it to hit my reports

Good to hear. I've read a lot of discussion about these cards not reporting the CL which, of course, would paint an inaccurate utilization picture.

Re: Question about "Flexible Spending Credit Card"

Anonymous — Wed, 07 Jan 2015 17:39:49 GMT

@Anonymous wrote:
@Lyythine wrote:
Mine is reporting the credit limit, but it took them almost a month for it to hit my reports
Good to hear. I've read a lot of discussion about these cards not reporting the CL which, of course, would paint an inaccurate utilization picture.

In the past, there was one major (BoA I think) who didn't report CL on Visa Sigs, but now all the big banks do

Re: Question about "Flexible Spending Credit Card"

Anonymous — Wed, 07 Jan 2015 17:40:53 GMT

@Anonymous wrote:
@Lyythine wrote:
Mine is reporting the credit limit, but it took them almost a month for it to hit my reports
Weird, Mine showed within a week of approval.

Mine showed on my report before I received the card. About 2 days after approval