topic response from BOA about reporting CL in Credit Cards

response from BOA about reporting CL

slap_happy — Wed, 21 Aug 2013 15:26:17 GMT

I have a BOA signature cash back visa, nice CL but not reported since its a siggy

called executive office and requested that they report my CL.

got letter in the mail today, there response was that they will not report my CL for MY SAKE!

they said since im able to go over my limit that they are protecting me from a negetive showing on my CR!

you got to be kidding me, I think thats a terrible repsonse, what do you think?

Re: response from BOA about reporting CL

CREDITSURFER — Wed, 21 Aug 2013 15:36:22 GMT

all siggy/npsl dont report the CL

Re: response from BOA about reporting CL

resilient — Wed, 21 Aug 2013 15:43:28 GMT

@CREDITSURFER wrote:
all siggy/npsl dont report the CL

Not true. Chase reports CL for Signature/World, as do a lot of other banks. BofA reports the CL for the World Mastercard, however.

Re: response from BOA about reporting CL

DaveSignal — Wed, 21 Aug 2013 21:46:52 GMT

It is a benefit not to report the CL because this account will not affect your utilization. FICO won't count it, so you can let whatever balance post and there will be no penalty. If you don't like this signature benefit, you can request to downgrade your card.

Re: response from BOA about reporting CL

resilient — Wed, 21 Aug 2013 21:50:25 GMT

I understand that, but I'd like it to affect my utilization since the limit is so high(for me anyways).I won't downgrade because I'd like to have other $30k credit lines, so I'll combine them and hope CC see that I've been issued limits of $30k plus.

Re: response from BOA about reporting CL

DaveSignal — Wed, 21 Aug 2013 22:26:58 GMT

I think you can downgrade to visa platinum and still keep your credit line. You should call and ask them.

Re: response from BOA about reporting CL

resilient — Wed, 21 Aug 2013 22:29:31 GMT

I can downgrade and keep my credit line, but I'd rather have a $30k vs two $15k. Get me?

Re: response from BOA about reporting CL

slap_happy — Wed, 21 Aug 2013 22:36:53 GMT

im the same, I want my CL to be reported, its a high line and I pretty much PIF every month, so utilization would really be good for me, I didnt know I can downgrade and still keep my CL, I will call and ask.

Re: response from BOA about reporting CL

FutureBillionaire — Wed, 21 Aug 2013 22:56:04 GMT

@DaveSignal wrote:
It is a benefit not to report the CL because this account will not affect your utilization. FICO won't count it, so you can let whatever balance post and there will be no penalty. If you don't like this signature benefit, you can request to downgrade your card

I thought Fico did count it. Are we are sure about that?