topic Re: Diners and reporting to the Bureaus in Credit Cards

Diners and reporting to the Bureaus

Anonymous — Thu, 13 Nov 2014 17:38:27 GMT

SO.. I used to think diners was going to report to at least transunion.. Now, i don't think they are gonig to report the CL at all.. Here is my theory.. Diners is showing up as "business loan" in the inq section of my report.. Clearly, this isnt a business loan. However, Diners considers the corporate cards as a business loan which is why they dont report on personal credit reports, because they are considered "business" only. Diners hasnt adjusted the way they report for consumer cards, SO they are being treated the exact same way as the corp cards are..right down to the way the inq shows on the reports.. This all leads me to believe they will not be reporting because the copr cards dont report on personal reports.. i know somebody here posted that a rep said diners will report after 60 days, but they also said a ton of other things that turned out to be false..Everthing i see tells me they wont..

Re: Diners and reporting to the Bureaus

FinStar — Thu, 13 Nov 2014 17:50:32 GMT

That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

Re: Diners and reporting to the Bureaus

TatorTodd — Thu, 13 Nov 2014 17:56:55 GMT

someone on CB has already mentioned it has reported on their report

@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

Re: Diners and reporting to the Bureaus

FinStar — Thu, 13 Nov 2014 18:00:58 GMT

@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.

Re: Diners and reporting to the Bureaus

Anonymous — Thu, 13 Nov 2014 18:09:14 GMT

@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

exactly

Re: Diners and reporting to the Bureaus

Anonymous — Thu, 13 Nov 2014 18:11:58 GMT

@FinStar wrote:
@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.

If I finally get approved, I hope they report, lol.

Re: Diners and reporting to the Bureaus

Anonymous — Thu, 13 Nov 2014 18:16:45 GMT

@Anonymous wrote:
@FinStar wrote:
@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.
If I finally get approved, I hope they report, lol.

Ditto! I would love a new 30k limit on my reports

Re: Diners and reporting to the Bureaus

baller4life — Thu, 13 Nov 2014 20:18:30 GMT

Well just read first confirmation of Diners reporting. Hit someone's EX yesterday.

Re: Diners and reporting to the Bureaus

Anonymous — Thu, 13 Nov 2014 21:03:12 GMT

Even though i have only received my pin and havent gotten my card or even know what my credit line is, i actually would love to have DC as hidden tradeline since utilization is not an issue to me and wouldnt want to have too much availble credit for lenders to see as i have been declined by nasa and consumers fcu for too much availble credit.. plus dont want to spook barclay card with my few recent accounts reporting..

Re: Diners and reporting to the Bureaus

taxi818 — Thu, 13 Nov 2014 21:36:11 GMT

@Anonymous wrote:
@Anonymous wrote:
@FinStar wrote:
@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.
If I finally get approved, I hope they report, lol.

Ditto! I would love a new 30k limit on my reports

well i posted that the csr told me that it would report in 60 days . however. if it does not me for 1 would be happy to have hidden TL. think about. can use whatever without worrying about utilization. can hide lots of activities from fico . pay other cards down and max this puppy out. no problem. but i would not really max it. but it would make staying under 9 percent on 1 card a lot easier.

Re: Diners and reporting to the Bureaus

Anonymous — Thu, 13 Nov 2014 21:40:03 GMT

@taxi818 wrote:
@Anonymous wrote:
@Anonymous wrote:
@FinStar wrote:
@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.
If I finally get approved, I hope they report, lol.

Ditto! I would love a new 30k limit on my reports
well i posted that the csr told me that it would report in 60 days . however. if it does not me for 1 would be happy to have hidden TL. think about. can use whatever without worrying about utilization. can hide lots of activities from fico . pay other cards down and max this puppy out. no problem. but i would not really max it. but it would make staying under 9 percent on 1 card a lot easier.

Max out at 13%?

Re: Diners and reporting to the Bureaus

manyquestions — Fri, 14 Nov 2014 00:09:49 GMT

So it will report after the first statement cuts? I've only had mine for a couple weeks. Not sure when the first statement cuts. I guess after 30 days or so.

Re: Diners and reporting to the Bureaus

taxi818 — Fri, 14 Nov 2014 00:39:33 GMT

@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:
@Anonymous wrote:
@FinStar wrote:
@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.
If I finally get approved, I hope they report, lol.

Ditto! I would love a new 30k limit on my reports
well i posted that the csr told me that it would report in 60 days . however. if it does not me for 1 would be happy to have hidden TL. think about. can use whatever without worrying about utilization. can hide lots of activities from fico . pay other cards down and max this puppy out. no problem. but i would not really max it. but it would make staying under 9 percent on 1 card a lot easier.
Max out at 13%?

@Anonymous . maxed @ 9percent

Re: Diners and reporting to the Bureaus

Anonymous — Fri, 14 Nov 2014 00:41:00 GMT

@taxi818 wrote:
@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:
@Anonymous wrote:
@FinStar wrote:
@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.
If I finally get approved, I hope they report, lol.

Ditto! I would love a new 30k limit on my reports
well i posted that the csr told me that it would report in 60 days . however. if it does not me for 1 would be happy to have hidden TL. think about. can use whatever without worrying about utilization. can hide lots of activities from fico . pay other cards down and max this puppy out. no problem. but i would not really max it. but it would make staying under 9 percent on 1 card a lot easier.
Max out at 13%?
@Anonymous . maxed @ 9percent

You got 9% Interest?!

Re: Diners and reporting to the Bureaus

waiter — Sat, 15 Nov 2014 05:19:05 GMT

Any update / report , this card reports to CRA's???

Re: Diners and reporting to the Bureaus

FinStar — Sat, 15 Nov 2014 05:23:14 GMT

@waiter wrote:

Any update / report , this card reports to CRA's???

My 1st one hasn't. It's going to hit the 30-day mark in a couple days and a statement has already generated (0 balance). If they intend on reporting, I'm thinking in about 60 days at the earliest? However, only a couple folks have mentioned theirs did on other forums.

Re: Diners and reporting to the Bureaus

Brax — Sat, 15 Nov 2014 07:46:50 GMT

I don't see how we can definitively know until it's at least 60 days after Diners started taking new apps for the Consumer cards, so that'll be end of November.

Re: Diners and reporting to the Bureaus

manyquestions — Mon, 17 Nov 2014 02:11:09 GMT

I've only seen one person post that they had it report. It was a couple days ago after their statement cut. Reportedly showed up on Experian.

Re: Diners and reporting to the Bureaus

CreditMagic7 — Mon, 17 Nov 2014 02:19:44 GMT

@manyquestions wrote:
I've only seen one person post that they had it report. It was a couple days ago after their statement cut. Reportedly showed up on Experian.

Heheh. Won't that be something that if when it would report, it added only to one CRA only but not the other 2. I carry installment loans (2), 1 of which reports to EX while the other reports on EQ. They BOTH report on TU. Go figure

Re: Diners and reporting to the Bureaus

NRB525 — Mon, 17 Nov 2014 02:21:08 GMT

@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:
@Anonymous wrote:
@FinStar wrote:
@TatorTodd wrote:
someone on CB has already mentioned it has reported on their report
@FinStar wrote:
That's kind of the same theory that's been floating around in FT and other sites. Even when speaking with a couple UW managers last time, their thoughts were pretty much the same but felt short of speculation given the new consumer product. So for now, a theory until the next couple months (minimum) by which then most or the early wave of applicants should be seeing their accounts on CRAs (expectedly). If it turns out they do not report, then these will likely behave much like JPM Select or Palladium, even BML/PayPayl Credit family. Good outcome for some folks but I'm sure not for others, depending on which side of the fence you stand.

I guess we'll know soon enough.
If I finally get approved, I hope they report, lol.

Ditto! I would love a new 30k limit on my reports
well i posted that the csr told me that it would report in 60 days . however. if it does not me for 1 would be happy to have hidden TL. think about. can use whatever without worrying about utilization. can hide lots of activities from fico . pay other cards down and max this puppy out. no problem. but i would not really max it. but it would make staying under 9 percent on 1 card a lot easier.
Max out at 13%?
@Anonymous . maxed @ 9percent
You got 9% Interest?!

I'm betting they DO report the TL. It would be kind of dumb for them to hand out all these big personal CL and then not stay tied in with their users credit reports somehow.

For those who want them to NOT report the TL, with no balance transfer feature, in order to run up your big personal CL, you have to generate a lot of swipe fees for BMO Harris Bank, which they will be happy to collect.