topic Re: WIERD REPORTING OF BOA VISA SIGNATURE/ CREDIT LIMIT in Credit Cards

WIERD REPORTING OF BOA VISA SIGNATURE/ CREDIT LIMIT

tray — Mon, 23 Apr 2012 00:21:59 GMT

Hi everyone to update from my last thread i ended up doing another product change back to the visa signature with a hard pull unfortunately to increase my cl for this card it is now $6,000.00 but I noticed on ex and tu it is reporting for my visa signature a cl of $5,000 which was my cl before the increase and stating it is a flexible spending account and with eq it is reporting no cl just highest balance. Has this reporting happened to anyone else? Also does anyone think I can dispute on eq to report a cl or should I just let things be and be grateful that any type of cl amount is reporting on the other two, thanks everyone for any advice.

Re: WIERD REPORTING OF BOA VISA SIGNATURE/ CREDIT LIMIT

Revelate — Mon, 23 Apr 2012 00:41:05 GMT

@tray wrote:
Hi everyone to update from my last thread i ended up doing another product change back to the visa signature with a hard pull unfortunately to increase my cl for this card it is now $6,000.00 but I noticed on ex and tu it is reporting for my visa signature a cl of $5,000 which was my cl before the increase and stating it is a flexible spending account and with eq it is reporting no cl just highest balance. Has this reporting happened to anyone else? Also does anyone think I can dispute on eq to report a cl or should I just let things be and be grateful that any type of cl amount is reporting on the other two, thanks everyone for any advice.

I'm no expert but Visa Sigs don't typically have a traditional limit that's reported to the bureaus. It frankly sort of sucks from a FICO perspective, but 5,000 is the lowest limit posssible for any Visa Sig product that I'm aware of, so if my highest balance was less than that, I'd be pretty happy that it was reported as such. Typically highest balance is as good as it gets so I don't think there's anything you can do with EQ in this case except run up a higher balance and of course subsequently pay it off.

It's an unfortunate downside of Visa Sig products and I believe World MC ones as well, to the point I can't see ever really wanting one regardless of how good the card is unless my aggregate CLs were enough to make the VS CL completely insignificant to my overall revolving utilization.

Re: WIERD REPORTING OF BOA VISA SIGNATURE/ CREDIT LIMIT

mxp114 — Mon, 23 Apr 2012 00:54:36 GMT

It could simply be that the new CL hasn't yet been updated to the bureaus. Sometimes CL's don't update until the next cycle update, etc. I'm pretty sure BofA does report CL on all cards.

Re: WIERD REPORTING OF BOA VISA SIGNATURE/ CREDIT LIMIT

tray — Mon, 23 Apr 2012 01:17:42 GMT

@mxp114 wrote:
It could simply be that the new CL hasn't yet been updated to the bureaus. Sometimes CL's don't update until the next cycle update, etc. I'm pretty sure BofA does report CL on all cards.

Unfortunately BOA visa signatures cards do not report a cl which stinks but to my surprise it is reporting a cl on tu and ex and not eq which otherwise was my old credit limit before I did the product change I wish BOA would change their banking ways like chase and citi did and report ALL credit limits regardless of card type!!!

Re: WIERD REPORTING OF BOA VISA SIGNATURE/ CREDIT LIMIT

Revelate — Mon, 23 Apr 2012 01:45:02 GMT

Heh, it's BOFA =/.

Banked with them now for nearly two decades, but I think this is my last year with them.

Re: WIERD REPORTING OF BOA VISA SIGNATURE/ CREDIT LIMIT

haulingthescoreup — Mon, 23 Apr 2012 02:13:41 GMT

Maybe since you had a card with them, and you PC'd, it's still reporting the CL on the previous incarnation??

Re: WIERD REPOR TING OF BOA VISA SIGNATURE/ CREDIT LIMIT

Anonymous — Mon, 23 Apr 2012 04:31:50 GMT

@Revelate wrote:
@tray wrote:
Hi everyone to update from my last thread i ended up doing another product change back to the visa signature with a hard pull unfortunately to increase my cl for this card it is now $6,000.00 but I noticed on ex and tu it is reporting for my visa signature a cl of $5,000 which was my cl before the increase and stating it is a flexible spending account and with eq it is reporting no cl just highest balance. Has this reporting happened to anyone else? Also does anyone think I can dispute on eq to report a cl or should I just let things be and be grateful that any type of cl amount is reporting on the other two, thanks everyone for any advice.
I'm no expert but Visa Sigs don't typically have a traditional limit that's reported to the bureaus. It frankly sort of sucks from a FICO perspective, but 5,000 is the lowest limit posssible for any Visa Sig product that I'm aware of, so if my highest balance was less than that, I'd be pretty happy that it was reported as such. Typically highest balance is as good as it gets so I don't think there's anything you can do with EQ in this case except run up a higher balance and of course subsequently pay it off.

It's an unfortunate downside of Visa Sig products and I believe World MC ones as well, to the point I can't see ever really wanting one regardless of how good the card is unless my aggregate CLs were enough to make the VS CL completely insignificant to my overall revolving utilization.

That is starting to change. My chase freedom sig reports as a felxible spening account but does report my credit limit and figures into util, and i recall on the boards here that others are seeing their signature cards reporting as well.