AMEX Charge Card Reporting - Score Drop of About 15 points

[isik]

I got a dreaded score decrease email. Looks like my EQ8 dropped by 15 points!

I checked the report, there's nothing unexpected there, with a few to low teen utilization on all cards. But I noticed something odd with my AMEX Gold card.

On my older EQ reports it appears as a "revolving" account. This time, it appears as a "other" account. This is the only difference I can spot between older and this report. On EQ website, seems like its treating this as a loan, with my max balance appearing as the loan and statement balance as the outstanding balance.

I checked my other scores, no changes (yet).

[FicoMike0]

I believe charge cards are treated like one month installment loans. I don't see why that would hit your score. Maybe one of the experts will chime in.

[isik]

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@FicoMike0 wrote:

I believe charge cards are treated like one month installment loans. I don't see why that would hit your score. Maybe one of the experts will chime in.

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They appeared under "revolving" not "other". This is the only change between reports.

[GZG]

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@isik wrote:

I got a dreaded score decrease email. Looks like my EQ8 dropped by 15 points!

I checked the report, there's nothing unexpected there, with a few to low teen utilization on all cards. But I noticed something odd with my AMEX Gold card.

On my older EQ reports it appears as a "revolving" account. This time, it appears as a "other" account. This is the only difference I can spot between older and this report. On EQ website, seems like its treating this as a loan, with my max balance appearing as the loan and statement balance as the outstanding balance.

I checked my other scores, no changes (yet).

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you got a score decrease email from myfico or myequifax? 

myequifax gives a vantage score, myfico gives a fico score

[isik]

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@GZG wrote:

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@isik wrote:

I got a dreaded score decrease email. Looks like my EQ8 dropped by 15 points!

I checked the report, there's nothing unexpected there, with a few to low teen utilization on all cards. But I noticed something odd with my AMEX Gold card.

On my older EQ reports it appears as a "revolving" account. This time, it appears as a "other" account. This is the only difference I can spot between older and this report. On EQ website, seems like its treating this as a loan, with my max balance appearing as the loan and statement balance as the outstanding balance.

I checked my other scores, no changes (yet).

---

you got a score decrease email from myfico or myequifax? 

myequifax gives a vantage score, myfico gives a fico score

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Myfico

It's not time for the update yet so checked annual credit report.

[Tdatb64]

My Equifax scores drop 8-15 points once or twice a month, only to fully recover the loss 2-3 days later.  I think they just ain't got their doo-doo together...

[Thomas_Thumb]

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@isik wrote:

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@FicoMike0 wrote:

I believe charge cards are treated like one month installment loans. I don't see why that would hit your score. Maybe one of the experts will chime in.

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They appeared under "revolving" not "other". This is the only change between reports.

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AMEX charge cards are"open" accounts with 1 month terms. They are not installment accounts nor are they revolving accounts even though they sometimes get grouped in with revolvers.

As we know there is a penalty associated with "no recent revolving activity". If your only card reporting a balance is an AMEX charge card, the penalty will be assessed. This is further validation that charge cards are not revolvers but, they are credit cards.

Can't say what caused the OP's point drop.