topic Re: BOA VIsa Platinum Plus VS. Signature in Credit Cards

BOA VIsa Platinum Plus VS. Signature

betsyboop — Fri, 31 Jan 2014 04:46:47 GMT

Currently I have a VIsa Platinum Plus CC with a CL of $5000. BOA offered me a Signature card with "added benefits". The benefits include a slew of "protection services" It doesn't seem like much of a difference. Am I missing something? Are they using this change in card status to do something else? Or am I just being overly cautious?

Re: BOA VIsa Platinum Plus VS. Signature

gdale6 — Fri, 31 Jan 2014 04:51:26 GMT

@betsyboop wrote:
Currently I have a VIsa Platinum Plus CC with a CL of $5000. BOA offered me a Signature card with "added benefits". The benefits include a slew of "protection services" It doesn't seem like much of a difference. Am I missing something? Are they using this change in card status to do something else? Or am I just being overly cautious?

The signature offers you the ability to exceed the stated limit of your account without penalty you cant do that with a platinum. It can be useful at times. You just have to pay whatever you exceed your assigned line by plus the min as payment the next month.

Re: BOA VIsa Platinum Plus VS. Signature

Jerryf08 — Fri, 31 Jan 2014 04:55:39 GMT

Unless I'm mistaken another thing about the Visa Signature with BOA is that it will no longer report what your CL is. Because of this it may hurt your utilization in the sense that it is decreasing your total credit limit on your reports.

Re: BOA VIsa Platinum Plus VS. Signature

betsyboop — Fri, 31 Jan 2014 04:58:14 GMT

Thanks, so what CL will they report to the credit bureau?

Re: BOA VIsa Platinum Plus VS. Signature

betsyboop — Fri, 31 Jan 2014 05:02:42 GMT

oh that kinda sucks, I'm currently paying it down to increase my score...so if my current balance is 2754 and my limit is 5000 would they just report I owed 2754 with a limit of 2754? In other words my utilization would always be 100%?

Thanks by the way.

Re: BOA VIsa Platinum Plus VS. Signature

-Wade- — Fri, 31 Jan 2014 05:07:20 GMT

@Jerryf08 wrote:
Unless I'm mistaken another thing about the Visa Signature with BOA is that it will no longer report what your CL is. Because of this it may hurt your utilization in the sense that it is decreasing your total credit limit on your reports.

I found this in another thread

Person 1

So i see that my BOA Cash rewards only reports the credit limit to Experian. What do I need to do to convert my card to reporting to all 3 bureaus. I don't need a Visa Signature but I do want cash rewards and reporting credit limit to all 3 bureaus

Person 2

My BOA Visa Sig doesn't report my CL to any of the bureaus.

I think if it was a regular platinum it would report. Others can chime in

Re: BOA VIsa Platinum Plus VS. Signature

-Wade- — Fri, 31 Jan 2014 05:09:58 GMT

@Wade64 wrote:
@Jerryf08 wrote:
Unless I'm mistaken another thing about the Visa Signature with BOA is that it will no longer report what your CL is. Because of this it may hurt your utilization in the sense that it is decreasing your total credit limit on your reports.
I found this in another thread
Person 1
So i see that my BOA Cash rewards only reports the credit limit to Experian. What do I need to do to convert my card to reporting to all 3 bureaus. I don't need a Visa Signature but I do want cash rewards and reporting credit limit to all 3 bureaus

Person 2
My BOA Visa Sig doesn't report my CL to any of the bureaus.

I think if it was a regular platinum it would report. Others can chime in

Person 3
Both my BofA cards (travel rewards visa signature and cash rewards visa signature) report the CL to EX but not to TU or EQ. I believe BofA is the only one not reporting Siggy CL ?

Re: BOA VIsa Platinum Plus VS. Signature

Jerryf08 — Fri, 31 Jan 2014 05:10:46 GMT

I'm not sure how it works. Mine is a Platinum Plus. I've only read about it breifly and what popped out to me was that it doesn't report credit limits.

Re: BOA VIsa Platinum Plus VS. Signature

ibmrad7 — Fri, 31 Jan 2014 05:14:11 GMT

I did a product change to travel rewards visa signature.. My CL shows fine on Credit Karma and Ex

Re: BOA VIsa Platinum Plus VS. Signature

-Wade- — Fri, 31 Jan 2014 05:18:21 GMT

@Jerryf08 wrote:
I'm not sure how it works. Mine is a Platinum Plus. I've only read about it breifly and what popped out to me was that it doesn't report credit limits.

That one should report your CL.