topic Re: PSECU Visa/PSL Combo in Credit Cards

PSECU Visa/PSL Combo

Anonymous — Tue, 28 Feb 2012 04:04:53 GMT

How does the PSECU Combo report Utilization since it is a shared limit?

For example, 10k combo, if you used 5k on Visa. Of course the Visa would report 50% util but would the PSL report 50% or 0% utilization?

I saw some old threads reporting their may have been a delay in reporting of the TL to CRA? Is the statement date = due date + ~5 days?

Re: PSECU Visa/PSL Combo

LS2982 — Tue, 28 Feb 2012 02:24:42 GMT

I would like to know this info. too, hope a myFICO expert can chime in on this!

Re: PSECU Visa/PSL Combo

Anonymous — Tue, 28 Feb 2012 06:45:02 GMT

@Anonymous wrote:
How does the PSECU Combo report Utilization since it is a shared limit?
For example, 10k combo, if you used 5k on Visa. Of course the Visa would report 50% util but would the PSL report 50% or 0% utilization?

I saw some old threads reporting their may have been a delay in reporting of the TL to CRA? Is the statement date = due date + ~5 days?

I should preface this response by saying that I don't have this product, but my understanding is that it works like this.

You have two trade lines that each have a $10K limit; however, you can only draw a maximum combined balance of $10K from them.

So, your CC would report $5K/$10K, which the PSL would report $0/$10K.

Re: PSECU Visa/PSL Combo

visorboy1974 — Tue, 28 Feb 2012 06:55:49 GMT

stan_the_man is correct.