topic Credit Card vs Flexible spending credit card? in Credit Cards

Credit Card vs Flexible spending credit card?

Anonymous — Sun, 24 Apr 2016 16:28:48 GMT

Just received an alert from my capital one venture it updated from credit card to flexible spending credit card.

Is there at all a impact difference in fico score. I used like 27 percent and no impact in my credit score.

Re: Credit Card vs Flexible spending credit card?

Discover2016 — Sun, 24 Apr 2016 16:28:56 GMT

There is no impact to your FICO, that just means that the account permits you to go over the limit without penalty.

Re: Credit Card vs Flexible spending credit card?

Anonymous — Sun, 24 Apr 2016 16:32:06 GMT

Thank you I see my credit limit is $9,500 so if I go past that I won't get any penalties ok got it. However if I use 80% of my available credit I'll still get an impact on my score no matter what in other words it's the same thing as a credit card with points and everything only with exceptions of exceeding the credit limit.

Re: Credit Card vs Flexible spending credit card?

Discover2016 — Sun, 24 Apr 2016 16:35:54 GMT

Pretty much, and once you go over your limit the card then acts like an Amex charge card in that you need to pay the whole amount your are over by the next statement period.

Re: Credit Card vs Flexible spending credit card?

myjourney — Sun, 24 Apr 2016 16:40:05 GMT

@Discover2016 wrote:
Pretty much, and once you go over your limit the card then acts like an Amex charge card in that you need to pay the whole amount your are over by the next statement period.

Good job and answers

I have a question tho

Even tho it's listed as a flex spending I wasn't aware that Cap1 allowed you to use the feature can someone confirm?

Thanks

Re: Credit Card vs Flexible spending credit card?

UncleB — Sun, 24 Apr 2016 18:07:59 GMT

@myjourney wrote:
@Discover2016 wrote:
Pretty much, and once you go over your limit the card then acts like an Amex charge card in that you need to pay the whole amount your are over by the next statement period.
Good job and answers

I have a question tho
Even tho it's listed as a flex spending I wasn't aware that Cap1 allowed you to use the feature can someone confirm?
Thanks

That's an excellent question.

I can't confirm with certainty that they allow you to use the NPSL feature, but I can say that there is a difference in the terminology used on the statements. That might be indicative of the NPSL, or it could be nothing at all.

Here's how the statement for my QS MasterCard looks:

Now here's the same part of the statement for my QS Visa Signature:

Notice that the verbiage has changed from "Credit Limit" to "Revolving Credit Limit". Other than that difference, the statements are identical from what I can tell.

Again, this doesn't answer the question of if Capital One will allow you to charge over the "limit", but there's definitely a difference somewhere.

(FWIW, the QS Visa does report as a 'Flexible Spend Card')

Edited to add: I just noticed for the first time that the customer service phone numbers are different (they are the same on the back of the cards). Interesting!