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@Anonymous wrote:After reading the previous posts on Signature Cards not reporting a credit limit to the credit bureaus I did some research by calling Bank of America to see if this applies to their Signature Card as well. The three individuals that I spoke with told me that the Bank of America Visa Signature card does in fact report a credit limit to the bureaus. They told me however that this limit can be surpassed after a review by an account specialist on a purchase by purchase basis, so long as you pay the amount over the limit in full by the next pay period.My problem is that I'm still not positive that these folks knew what they were talking about.I want to find out if anyone in this forum possesses a BANK OF AMERICA Visa Signature card, and if you could please let me know what gets reported to the credit bureaus? A pre-set spending limit, a high balance, an "n/a"?Thank you very much
I have the Bank of America BankAmericard Cash Rewards Signature Visa. I also have the Merrill Lynch Platinum Plus Signature Visa.
I pulled my EQ report yesterday from annualcreditreport.com and it shows a credit limit of $10K for my Cash rewards card and a high balance. My Merrill Lynch card did not show a credit limit but did show a high balance as well. The Cash Rewards card was listed as revolving credit, the Merrill Plus card was listed as flexible spending.
Go figure! They are substantially identical cards with the exception of the rewards structure but both are signature Visa. Truly a YMMV!
My BoA Visa Signature shows as having a credit limit on EX, but neither EQ nor TU show a limit.
And the original posts in this thread are from 12/07. If we wait another five years to pull it up again then the info will probably be different.
I have one and it reports as normal.
I have the bank of America power rewards visa sig and it reports both the limit 13000 and a note that says flexible spending in the remarks column. I am an au on my husbands card and his card reports the exact same - his limit and flex spending.
@OhioCPA wrote:My BoA Visa Signature shows as having a credit limit on EX, but neither EQ nor TU show a limit.
This is the same as me, but mine shows the old Limit on EX report before the PC it was 6k, it is now 12k. I have 2 visa Sig. with BOA, None of them by default reports the limit, but if you really need it to report you can get the World Mastercard version of Cash rewards they Do report the limit for that card....
@Smug wrote:
I have the BOA sig card and it dosent report a CL to any of the Bureaus.
same here - no limit reported to any of the CBs
TU lists it as a flexible spending credit card, the other 2 list it as revolving
@Imua wrote:
@Smug wrote:
I have the BOA sig card and it dosent report a CL to any of the Bureaus.same here - no limit reported to any of the CBs
TU lists it as a flexible spending credit card, the other 2 list it as revolving
I have BOA Visa Signature 1-2-3 Cash rewards with limit of $9500 and it is not reporting credit limit to any bureaus. I pulled all 3 reports recently and it appears as flexible spending account with highest balance of $2470. I tried several times calling them but they are firm that they are not going to report credit limit and offered me to down grade to Platinum Mastercard which will report limit.
@Anonymous wrote:After reading the previous posts on Signature Cards not reporting a credit limit to the credit bureaus I did some research by calling Bank of America to see if this applies to their Signature Card as well. The three individuals that I spoke with told me that the Bank of America Visa Signature card does in fact report a credit limit to the bureaus. They told me however that this limit can be surpassed after a review by an account specialist on a purchase by purchase basis, so long as you pay the amount over the limit in full by the next pay period.My problem is that I'm still not positive that these folks knew what they were talking about.I want to find out if anyone in this forum possesses a BANK OF AMERICA Visa Signature card, and if you could please let me know what gets reported to the credit bureaus? A pre-set spending limit, a high balance, an "n/a"?Thank you very much
I have the Bank of America Hawaiian Airlines Visa Signature card in which I opened back in Nov. 2012 and it does NOT report the CL which caused my score to drop due to the OPEN status of the account and showing a balance. The BOA credit analyst told me their VISA Signature products DO NOT report their limits. I had them downgrade my account to the Visa Platinum card so we'll see if that makes my score go back up. Strange but my other Visa Sig cards with CHASE actually DO report their limits so must be a BOA thing. Sucks if you ask me and if you actually have a balance report for a month or two. Hope this helps.