topic Re: AMEX CHARGE CARD in Credit Cards

AMEX CHARGE CARD

Anonymous — Wed, 26 Jul 2017 00:56:56 GMT

Will a Charge card from AMEX hurt my score in any way--heard some talk that it can as they ONLY report usage and that looks like the account is in arrears? What s the real scoop here AMEX Charge card users...

Re: AMEX CHARGE CARD

Anonymous — Wed, 26 Jul 2017 01:23:36 GMT

actually its the opposite, it can help your score cause it doesn't count towards your utilization so its like hiding your balance through your charge card. You still get positive scores through fico factors like payment history and age of account.

Re: AMEX CHARGE CARD

K-in-Boston — Wed, 26 Jul 2017 01:24:37 GMT

Only outdated scoring models penalize you for NPSL. That's why in ancient times we would run up one month to the highest possible "high balance" to give ourselves future util padding. Modern scoring models don't factor in charge cards in utilization. Other than the same new account and AAoA dings you would get with a revolver, nothing more negative about a charge card.

Re: AMEX CHARGE CARD

601flyguy — Wed, 26 Jul 2017 02:12:51 GMT

I let a $7k balance report on my prg and i didn't see any ill effects. My score actually rose due to carrying a balance i believe. Doesn't affect my uti either. I did receive a high balance notification but that's all.