topic Re: Reporting Balances in Credit Cards

Reporting Balances

Drew — Thu, 20 Feb 2014 16:12:52 GMT

Hi All -

I think I'm really starting to notice the correlation between letting full balances report and credit limit increases. It seems, atleast in my situation, that the credit cards I've let report full balances have had no issues in generating credit limit increases. And for those that I've only let a $0 balance report, have been the biggest pain in the ass with trying to generate even so much as a dollar increase.

Has anyone had the same experiences?

Re: Reporting Balances

SpiceIslander — Thu, 20 Feb 2014 18:16:30 GMT

I've also wondered about this. In my case as well, the ones that report balances give me auto CLIs, namely FNBO, Barclays and Lowes. My CSP is fairly new, so I don't know what Chase will do as I'm letting a small balance report this month.

Re: Reporting Balances

Anonymous — Thu, 20 Feb 2014 18:22:29 GMT

@Drew wrote:
Hi All -

I think I'm really starting to notice the correlation between letting full balances report and credit limit increases. It seems, atleast in my situation, that the credit cards I've let report full balances have had no issues in generating credit limit increases. And for those that I've only let a $0 balance report, have been the biggest pain in the ass with trying to generate even so much as a dollar increase.

Has anyone had the same experiences?

That's exactly what I have noticed myself, in my limited experience. That is why I have been applying the SPREADY strategy that I point out in my "NoNonsense Simulation" thread that I posted this morning. I would check it out if I were you, you could learn something, I certainly have...

Re: Reporting Balances

Anonymous — Thu, 20 Feb 2014 18:22:55 GMT

@Drew wrote:
Hi All -

I think I'm really starting to notice the correlation between letting full balances report and credit limit increases. It seems, atleast in my situation, that the credit cards I've let report full balances have had no issues in generating credit limit increases. And for those that I've only let a $0 balance report, have been the biggest pain in the ass with trying to generate even so much as a dollar increase.

Has anyone had the same experiences?

Suppose that one person pays their balance before the statement date, and another person pays their balance 15 minutes before the cutoff time on the due date.

I expect there's a correlation between the second behavior and starting to carry a balance in the near future. In such a case, the CC company will make significant profit from interest.

Re: Reporting Balances

Anonymous — Wed, 26 Mar 2014 10:05:29 GMT

@Drew wrote:
Hi All -

I think I'm really starting to notice the correlation between letting full balances report and credit limit increases. It seems, atleast in my situation, that the credit cards I've let report full balances have had no issues in generating credit limit increases. And for those that I've only let a $0 balance report, have been the biggest pain in the ass with trying to generate even so much as a dollar increase.

Has anyone had the same experiences?

I let small balances report (not PIF) on all CC's......get CLI's (for using 'em), so chances are $0 balance don't give you CLI., maybe, just for FICO Scoring....my 2 cents though.

Re: Reporting Balances

Chris679 — Wed, 26 Mar 2014 10:40:58 GMT

Is it possible these CLI are actually due to higher usage of the card? For me the card that reports is almost always the one I am using the most. The cards that report zero are not seeing as much usage.

Re: Reporting Balances

takeshi74 — Wed, 26 Mar 2014 13:03:33 GMT

There's really not enough info to conclude on any causality here. My anecdotal evidence won't really help much either as I don't manage number of reporting balances. If a card reports 0 it's because I'm not using it and that would probably affect my CLI's to some degree.