topic Re: Citicard..... in Credit Cards

Citicard.....

Anonymous — Mon, 31 Mar 2008 12:04:11 GMT

I have had my Citicard for a year now. I have one of those cards that gives me a $5k limit but has a no-set pre-spending limit. Each time on my CR, it always show up as a zero balance even when I carry a balance.

This morning however, I get this message from my scorewatch:

Your CITIBANK account balance has increased by 2500% from $0 to $3,187

Has this happened to anyone else? And why report a balance all of a sudden? What will this 2500% increase mean to my overall CR score?

Re: Citicard.....

Anonymous — Mon, 31 Mar 2008 13:18:47 GMT

IMO-they are now properly reporting the balance-

trashyart2000 wrote:

I have had my Citicard for a year now. I have one of those cards that gives me a $5k limit but has a no-set pre-spending limit. Each time on my CR, it always show up as a zero balance even when I carry a balance.

This morning however, I get this message from my scorewatch:

Your CITIBANK account balance has increased by 2500% from $0 to $3,187

Has this happened to anyone else? And why report a balance all of a sudden? What will this 2500% increase mean to my overall CR score?

Re: Citicard.....

Anonymous — Mon, 31 Mar 2008 19:14:32 GMT

So can I expect a score decrease since I have spent 2500% within the past month?

Re: Citicard.....

Anonymous — Mon, 31 Mar 2008 19:18:03 GMT

I don't know where that 2500% figure comes from. Increasing from $0 to $3K is an undefined percent increase, not 2500%.

Message Edited by cheddar on 03-31-2008 03:18 PM

Re: Citicard.....

Anonymous — Mon, 31 Mar 2008 19:20:11 GMT

I get 2500% even if I go from 0 to 10 bucks.

Just seems to be the way score watch handle's an increase.

Re: Citicard.....

MidnightVoice — Mon, 31 Mar 2008 19:20:29 GMT

cheddar wrote:
My new motto: Ask for credit you need before you need it, so you'll have it when you need it, because they won't give you the credit you need when you need it; they'll only give you the credit you need before you need it.

Catch 22 - they will only give you credit you don't need

Re: Citicard.....

ficonovice — Mon, 31 Mar 2008 19:22:41 GMT

That happened to to me the one month I had my PremierPass card. There was not a negative impact. We all here tend to worry that these types of cards don't report credit limits, but I think fico scores aren't really impacted by it. It just looks like util is bad but at least in my one month circumstance, fico was unaffected...

Re: Citicard.....

Anonymous — Mon, 31 Mar 2008 19:31:38 GMT

MidnightVoice wrote:

cheddar wrote:

My new motto: Ask for credit you need before you need it, so you'll have it when you need it, because they won't give you the credit you need when you need it; they'll only give you the credit you need before you need it.

Catch 22 - they will only give you credit you don't need

Exactly.