topic Re: AMEX not reporting Credit Limit? in General Credit Topics

AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 14:29:45 GMT

I have heard AMEX does not report credit limits...is this true? If so, how can agencies establish you are using 10% or less of your credit, if they aren't reporting a CL?

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 14:32:06 GMT

What card do you have with AMEX?

is it a one of their cards with no pre-set spending limit aka a charge card? If so, they report the statement balance and you appear to have high ulti. If it's one of their other cards, such as the blue where you actually have a limit. Call and ask them why they aren't reporting the actual limit.

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 14:38:28 GMT

I'm speaking somewhat in ignorance here--I just applied for the card and was accepted with $1000 limit. It's the AMEX delta rewards card. Does anyone have the AMEX Delta miles card or another AMEX card like it?

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 14:41:04 GMT

I have the Delta Skymiles card through AMEX. It does report the credit limit as it's not a charge card and you can carry a balance if need be.

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 14:41:26 GMT

@Anonymous wrote:
I'm speaking somewhat in ignorance here--I just applied for the card and was accepted with $1000 limit. It's the AMEX delta rewards card. Does anyone have the AMEX Delta miles card or another AMEX card like it?

You must have missed the 4 page thread on this topic last week.

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 14:45:57 GMT

yeah I did, I just joined yesterday...what is this topic calleD?

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 14:49:36 GMT

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=10347&jump=true

For those who have been recently approved for the AMEX Delta...

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 15:08:06 GMT

I read that whole thread...I guess there they are talking mostly about CLI's and approval, not talking about whether AMEX reports CL or not on the Delta card. But are you guys saying they do? If so great, if not, I need a strategy to work this card to increase my credit as fast as possible

Re: AMEX not reporting Credit Limit?

Tuscani — Tue, 12 Jun 2007 15:25:13 GMT

rifleman wrote:
I read that whole thread...I guess there they are talking mostly about CLI's and approval, not talking about whether AMEX reports CL or not on the Delta card. But are you guys saying they do? If so great, if not, I need a strategy to work this card to increase my credit as fast as possible

Be patient.. Amex is generous and will give you CLIs every 30 days!

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 15:43:09 GMT

Hey I'm sorry I guess I'm not making myself clear. I'm not interested in CLI's with AMEX I'm just interested whether they report your CL to equifax, experian, transunion. I know Capital One does not report CL's to the credit agencies, and it has messed up people's fico scores. Why? Because they can't gauge how much of your credit you are using. Instead Capital one reports a HIGH BALANCE. So in a sense that is the only thing the credit agencies have to judge you by--how much credit you use each month in relation to your HIGH BALANCE. So say your highest balance was $200--now if next month you use $20 that is already 10% of utilization. Does this make sense? I just wonder if AMEX does the same thing, or if when you look at your credit report, can you actually see AMEX reporting a credit limit?

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 15:48:00 GMT

Amex does report CL's on their credit cards like Delta Skymiles. They do not report a limit (because you don't have one according to them) on their charge cards like Amex Gold. The reason everyone was interested in CLI's was because Amex does report the CL's and they want the higher available credit to show on their report.

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 15:56:28 GMT

thank you. That was what I was looking for. And I understand you want CLI's often in order that they report higher available credit. So then it would make sense that the Delta card is a more effective tool to build credit than an AMEX charge card like AMEX gold or platinum, correct?

Re: AMEX not reporting Credit Limit?

Anonymous — Tue, 12 Jun 2007 15:59:41 GMT

For credit limit reporting purposes I would say so, although the Amex that I am an AU on has a high balance that's higher than my Skymiles limit. Unfortunately the actual cardholder also uses the card alot so the current balance usually stays around 2000. Either way though, both will make a nice TL if you pay them on time.

Re: AMEX not reporting Credit Limit?

Anonymous — Wed, 13 Jun 2007 13:31:47 GMT

guys,
My first billing cycle has ended with DELTA SKYMILES and it is still not showing up on my CR.

any ideas ?

Re: AMEX not reporting Credit Limit?

Anonymous — Wed, 13 Jun 2007 13:54:06 GMT

check all three reports maybe? I noticed that the Iquirey for AMEX only showed up on my Experian report, because that's what they pulled. It's possible that it might only show up on that one for now...also, call AMEX and see if they report to all three agencies...I think I'm going to do that myself, I don't know why they would not report to all three

Re: AMEX not reporting Credit Limit?

Tuscani — Wed, 13 Jun 2007 17:11:49 GMT

They report to all three. Reporting can take 30-60 days.

Message Edited by Tuscani on 06-13-2007 12:11 PM