topic Re: AMEX Zync counts as revolving account? in Credit Cards

AMEX Zync counts as revolving account?

808state — Fri, 11 May 2012 06:50:28 GMT

Pulled my annual CR from EQ and found my AMEX Zync is counting toward my "Debt to Credit Ratio". I was under the impression charge cards not counted as such, am I wrong?

Re: AMEX Zync counts as revolving account?

TeeandDee — Fri, 11 May 2012 09:16:51 GMT

@808state wrote:
Pulled my annual CR from EQ and found my AMEX Zync is counting toward my "Debt to Credit Ratio". I was under the impression charge cards not counted as such, am I wrong?

Mine reports on EQ under the "Other" category. However, I noticed that my utilization went up by one percentage that can only be because of the AMEX balance reporting, but nothing else changed. So it's factored in my utl.

Re: AMEX Zync counts as revolving account?

dude11 — Fri, 11 May 2012 12:57:14 GMT

@808state wrote:
Pulled my annual CR from EQ and found my AMEX Zync is counting toward my "Debt to Credit Ratio". I was under the impression charge cards not counted as such, am I wrong?

Wrong. I believe what you may have been confusing it with is that certain versions of FICO or FICO does not include either your high balance or current balance in scoring for charge cards. Something like that. When you pull your CRs however, your current balance is included as part of debt to credit ratio.

Someone please correct me if I am wrong. Thank you!

Re: AMEX Zync counts as revolving account?

pizzadude — Fri, 11 May 2012 14:00:06 GMT

That's correct ~ only the TU 98 version of FICO ( sold here ) includes the balance in utliization. However it is still factored as a "card with a balance" for utilization purposes.