topic Re: JP Morgan Select Reporting Question in Credit Cards

JP Morgan Select Reporting Question

Anonymous — Tue, 24 Jul 2012 04:04:30 GMT

Can current card holders confirm?

I'm seriously considering applying for this card particularly because it does not report to the CRA. I need to know (definitively) about this card - for those who have, has it reported to CRA? How long have you had the card?

Most people have said that it does not report. However, in rare occasions, it has reported.

Thanks for your help!

Hi SanjeevR,

I've merged your 2 threads discussing JP Morgan into just one - MarineVietVet, myFICO moderator

Re: JP Morgan Select Reporting

Anonymous — Mon, 23 Jul 2012 16:17:09 GMT

I would point out that the non reporting is not a feature of this card. It just seems to be policy and can change at any point. Does not seem to be any pattern on those who get reported vs not reported. I would probably recommend you form small business and app for business cc if you want more consistent policy of non reporting.

Re: JP Morgan Select Reporting

mxp114 — Mon, 23 Jul 2012 16:25:49 GMT

Mine still hasn't but your thread title made me think they've begin to report them and what a disaster that would be for me right now. Another new TL to kill me lol

Re: JP Morgan Select Reporting

Jake0215 — Mon, 23 Jul 2012 16:59:52 GMT

5th statement about to cut. No reporting.

Re: JP Morgan Select Reporting

Anonymous — Mon, 23 Jul 2012 17:15:28 GMT

@mxp114 wrote:
Mine still hasn't but your thread title made me think they've begin to report them and what a disaster that would be for me right now. Another new TL to kill me lol

Sorry about that. I changed the title!

Re: JP Morgan Select Reporting Question

swpopham — Mon, 23 Jul 2012 19:40:44 GMT

Not ment to burst anyones bubble but here is the score watch alert for our palladium card that we just got.

Balance: $2,269 Credit limit or largest balance: Not Reported

Past due: Not Reported Payment terms: Not Reported

Status: Pays account as agreed First reported: 7/1/2012

Portfolio type: Revolving or Option

Description: Amount in H/C column is credit limit Contact: Chase Card Services

Re: JP Morgan Select Reporting Question

Anonymous — Mon, 23 Jul 2012 19:52:52 GMT

@swpopham wrote:
Not ment to burst anyones bubble but here is the score watch alert for our palladium card that we just got.

Balance: $2,269 Credit limit or largest balance: Not Reported

Past due: Not Reported Payment terms: Not Reported

Status: Pays account as agreed First reported: 7/1/2012

Portfolio type: Revolving or Option

Description: Amount in H/C column is credit limit Contact: Chase Card Services

I'm sorry, but I'm not sure why you're trying to say.

What does the Palladium have to do with the Select card? Do they report the same way?

Re: JP Morgan Select Reporting Question

swpopham — Mon, 23 Jul 2012 20:13:29 GMT

Same series of cards. I ordered a set of plastic cards and the select cards showed up. The palladium card is the metal version of the select. Same trade line. It wasn't supposed to report. But all it dose is report no limit and your high balance for the month. The option/revolver. I paid the balance before the closing date and that still posted. Ymmv type thing but mine reported

Re: JP Morgan Select Reporting Question

MustangSaluki — Mon, 23 Jul 2012 20:19:24 GMT

@Anonymous wrote:
@swpopham wrote:
Not ment to burst anyones bubble but here is the score watch alert for our palladium card that we just got.

Balance: $2,269 Credit limit or largest balance: Not Reported

Past due: Not Reported Payment terms: Not Reported

Status: Pays account as agreed First reported: 7/1/2012

Portfolio type: Revolving or Option

Description: Amount in H/C column is credit limit Contact: Chase Card Services
I'm sorry, but I'm not sure why you're trying to say.

What does the Palladium have to do with the Select card? Do they report the same way?

Yes they report the same way, as in they do NOT report, and are essentially hidden trade lines. I have just seen an odd post on myFico where maybe a couple of folks posted that the JP Morgan Select was not a hidden TL for them and were getting reported to the Bureaus.

swpopham's is significant in the sense that this is the first instance of someone holding a Palladium card posting that even their Palladium card is being reported to the CBs. The similarities/pros/cons of Select vs Palladium have been discussed a few times in this forum if you wanted to search for it.

Re: JP Morgan Select Reporting Question

swpopham — Mon, 23 Jul 2012 20:34:27 GMT

You know what im thinking, is yes it reported our high balance but I think it is scored like an Amex charge because it did not factor in to our utilization. On mine or my wifes credit report. I was hoping like everyone else it would stay hidden. Oh well ill see if it reports next month our statement closes on the 27th

Re: JP Morgan Select Reporting Question

Anonymous — Mon, 23 Jul 2012 20:36:57 GMT

@swpopham wrote:
You know what im thinking, is yes it reported our high balance but I think it is scored like an Amex charge because it did not factor in to our utilization. On mine or my wifes credit report. I was hoping like everyone else it would stay hidden. Oh well ill see if it reports next month our statement closes on the 27th

Can I ask how long you've had the card? Do you have other Chase cards? I ask because someone else mentioned that they had several Chase products. Maybe this has something to do with it?

Re: JP Morgan Select Reporting Question

swpopham — Mon, 23 Jul 2012 20:40:07 GMT

We just got it like 13 days ago when we started the chase private client banking. We have the csp, freedom, ink bold and then this palladium account that we just got. When I get to my computer i'll do a screen shot of the score watch but im 99% that that's the new account

Re: JP Morgan Select Reporting Question

MustangSaluki — Mon, 23 Jul 2012 20:52:16 GMT

@swpopham wrote:
You know what im thinking, is yes it reported our high balance but I think it is scored like an Amex charge because it did not factor in to our utilization. On mine or my wifes credit report. I was hoping like everyone else it would stay hidden. Oh well ill see if it reports next month our statement closes on the 27th

Yes looking at your first post on this thread it did appear similar to how the Amex charge cards report. However utilization is not the only factor in the equation here. It is addition of another TL, reduction in AAoA and short term impact to score due to new account etc as well.

Re: JP Morgan Select Reporting Question

MustangSaluki — Mon, 23 Jul 2012 22:11:19 GMT

@swpopham wrote:
We just got it like 13 days ago when we started the chase private client banking. We have the csp, freedom, ink bold and then this palladium account that we just got. When I get to my computer i'll do a screen shot of the score watch but im 99% that that's the new account

What is your approved Palladium Credit Limit? Should show up in your Chase account or mentioned during approval process.

Re: JP Morgan Select Reporting Question

swpopham — Mon, 23 Jul 2012 22:44:46 GMT

25k he said said because its a signature card we can do 3x cl on option and pay it under 25k before due date. We will never be that far in the hole, I still don't have any feelings on if its worth 595 a year

Re: JP Morgan Select Reporting Question

Anonymous — Mon, 23 Jul 2012 23:27:04 GMT

@swpopham wrote:
Same series of cards. I ordered a set of plastic cards and the select cards showed up. The palladium card is the metal version of the select. Same trade line. It wasn't supposed to report. But all it dose is report no limit and your high balance for the month. The option/revolver. I paid the balance before the closing date and that still posted. Ymmv type thing but mine reported

You sure your palladium is reporting? Mine isn't. I've talked to Palladium CS and they said they were not reporting as policy.

Re: JP Morgan Select Reporting Question

Anonymous — Mon, 23 Jul 2012 23:29:52 GMT

@swpopham wrote:
25k he said said because its a signature card we can do 3x cl on option and pay it under 25k before due date. We will never be that far in the hole, I still don't have any feelings on if its worth 595 a year

Also, Palladium shouldn't be treated as AMEX charge card if it is reporting. What determines that is what it says under terms. If it says one month or something like that, it will be ignored in utilization % calculations. Since it is a credit card, it shouldn't say that.

Re: JP Morgan Select Reporting Question

android01 — Tue, 24 Jul 2012 00:22:34 GMT

I've had the Select since January, and it hasn't appeared on any CR.

Re: JP Morgan Select Reporting Question

Jake0215 — Tue, 24 Jul 2012 02:49:26 GMT

There always seems to be someone on these types of threads who claim the select/palladium report.

Re: JP Morgan Select Reporting Question

Anonymous — Tue, 24 Jul 2012 02:52:21 GMT

Well, I took the plunge anyway! Sure hope it doesn't report!