Cap1 quicksilver now reporting as "Flexible Spending Account"

[EdMan63]

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@Anonymous wrote:

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@EdMan63 wrote:

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@Anonymous wrote:

isn't that a bad thing though? I read somewhere that if you have a flex line, then you don't get any of that amount as available credit on your reports?

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Completely untrue. All of my Visa's are signature with flexible spending lines and the CL shows up on all my reports. 

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oh man you have no idea how happy that makes me... I just started trying to get my credit in order, before last week, I had a gradn total of 2 cards that only combined up to $6.5k limit... so last week I got a 10k QS which I received in the mail yesterday and have been freaking out about since, that it won't increase my limits...

also got $3k Citi DC and I keep reading different things about what kind of card it is... so here I was freaking out that I wasted 2 HPs to increase my overall limit by a grand total of $0...

thanks! I hope mine gets reported as well, would be really nice to get a $13k reported limit bump..

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Just know that Cap 1 can be slow to report the new account. I got a new QS on Feb 4 and the first statement cut Feb 24. My second stmt cut Mar 24 and the account finally showed up around 3 days after that. So 2 statements. Not sure about Citi but most of my other accounts showed up right away. 

[Officer737]

Interesting......my Barclay JetBlue shows as a flexible spending and my CL is $1,000.........

[Anonymous]

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@Anonymous wrote:

isn't that a bad thing though? I read somewhere that if you have a flex line, then you don't get any of that amount as available credit on your reports?

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This used to be the case with some issuers, Bank of America was one of the last to change but even that was quite a while ago.  They should all report the CL.

Note though that Flex isn't THAT wonderful.    Over The Limit fees were banned by the Card Act UNLESS you opted in, and I have never been asked, or no of anyone that was.    An issuer can still decline a transaction that puts you over the CL (as they can deny any transaction) and with a non-flex card, an issuer could still approve such a transaction.  (Though Im sure you are more likely to get approved with a flex spend)

[Anonymous]

All my flexible spending accounts report their credit limit. I'm not sure how true it is but I read flexible spending accounts were looked up highly upon to underwriters as a good thing, but like I said that's just from a couple of posts I read on here before so who knows.