topic Re: Chase Sapphire - Credit Score in Credit Cards

Chase Sapphire - Credit Score

Anonymous — Wed, 07 Sep 2011 01:22:08 GMT

Hi everyone,

I feel like this has been asked a million times in various forms, but I still don't know the definitive answer, so I hoped you all could help with up-to-date info: what exactly happens with a Chase Sapphire card with respect to credit scores and the credit utilzation ratio?

Do they report high balance? The credit limit? 0? An open account like AmEx?

Does it matter if it's Visa or Mastercard?

(For what it's worth, I talked to a senior advisor at Chase, and he said that he thinks they just send a 100% utilization ratio every month, no matter what. That seems ridiculous, but he seemed to know what he was talking about. He said that a lot of people have called to complain when they're getting mortgages.)

Thanks a lot!

Re: Chase Sapphire - Credit Score

Itsmeagain — Wed, 07 Sep 2011 20:09:33 GMT

I have had the Chase Sapphire since it was first issued a couple of years ago. They converted my Chase Freedom without asking . . . but that's another story.

The Sapphire card does NOT report a credit limit. It is considered a "signature card" and supposedly, you can exceed your limit without any penalties.

They DO report the high balance but it is reported as "High Balance". The credit limit line is blank. This is true for me on each of the three major CRA's.

Re: Chase Sapphire - Credit Score

tntexans72 — Wed, 07 Sep 2011 20:58:56 GMT

Mine report and I don't know why.

Re: Chase Sapphire - Credit Score

Anonymous — Sat, 10 Sep 2011 15:06:54 GMT

@itsmeagain: So the CRAs use the high balance for the credit utilization rate? Have you run up a large bill one month just to get a good utilization rate?

@txtexans72: They report your credit limit?

Has anyone had success in calling Chase to get them to report your credit limit instead of high balance?

Thanks!

Re: Chase Sapphire - Credit Score

Anonymous — Sat, 10 Sep 2011 15:40:27 GMT

I don't have a chase sapphire but I do have a visa signature and world mastercard and both report my limits and say flexible revolving credit account. I think it all depends on whether you get a good CSR by luck of the draw.

Re: Chase Sapphire - Credit Score

tntexans72 — Sat, 10 Sep 2011 18:05:13 GMT

@Anonymous wrote:
@Itsmeagain: So the CRAs use the high balance for the credit utilization rate? Have you run up a large bill one month just to get a good utilization rate?

@txtexans72: They report your credit limit?

Has anyone had success in calling Chase to get them to report your credit limit instead of high balance?

Thanks!

I don't know why but they did report to all 3 CBs.

I have 3 CCs with Chase.

Slate, Freedom, Sapphire Preferred. They gave me a $10K CL for the Sapphire Preferred to match my Freedom card.

Re: Chase Sapphire - Credit Score

tntexans72 — Tue, 27 Sep 2011 01:28:58 GMT

My CR updated and the Sapphire card no longer report the CL to the 3 CBs.

Re: Chase Sapphire - Credit Score

mxp114 — Tue, 27 Sep 2011 01:45:20 GMT

Pardon the potential hijack but do you all have the Visa logo on back or front? I'm curious how to get one on back.

Re: Chase Sapphire - Credit Score

runrunrun89 — Tue, 27 Sep 2011 02:03:43 GMT

My logo is on the back...Only thing on the front is my name...Maybe it's just something they're doing with the newer cards?

Re: Chase Sapphire - Credit Score

mxp114 — Tue, 27 Sep 2011 02:06:29 GMT

Is it Visa? Sig? MC? World? Which type and thanks. And the numbers arent embossed? The card my friend has is this:

Re: Chase Sapphire - Credit Score

runrunrun89 — Tue, 27 Sep 2011 02:29:19 GMT

Visa Signature. And the numbers on the back are slightly embossed, although they don't seem as raised as on other cards.

Re: Chase Sapphire - Credit Score

scottwagnon — Tue, 27 Sep 2011 02:37:09 GMT

i heard chase sapphire is partially made out of metal. is that just a rumor?

Re: Chase Sapphire - Credit Score

mxp114 — Tue, 27 Sep 2011 02:42:23 GMT

I think that's the JP Morgan Palladium Card.

Re: Chase Sapphire - Credit Score

tntexans72 — Tue, 27 Sep 2011 03:03:40 GMT

@scottwagnon wrote:
i heard chase sapphire is partially made out of metal. is that just a rumor?

It's all metal - CSP

Re: Chase Sapphire - Credit Score

tntexans72 — Tue, 27 Sep 2011 03:05:09 GMT

@mxp114 wrote:
Is it Visa? Sig? MC? World? Which type and thanks. And the numbers arent embossed? The card my friend has is this:

I have the Sapphire Preferred and it said World MC on the back. Hope that helps.

Re: Chase Sapphire - Credit Score

mxp114 — Tue, 27 Sep 2011 23:03:13 GMT

Consider posting a picture on the pictures thread I made. A few would like to see the Chase SP World MC.