Chase Sapphire - Flexible Spending Credit Card

[sghosh5]

My CSP account just reported to all 3 credit bureaus and noticed on Experian & Equifax it is reporting as 'Flexible Spending Credit Card'. And in the credit limit section it is showing 'N/A'. in Equifax report it says amount in H/C column is credit limit.

Is it reporting as an AMEX charge card? Does it not contribute in utilization?

[phonic]

I wouldn't put too much faith into those descriptions.

In my case, I have two Chase (CSP and IHG) and multiple Amex.

Both Chase cards report "Flexible Spending" on Experian, but "Revolving Account" on the other two.

All my Amex cards report "Credit Card" on Experian, but "Open Account" on the other two.

On a related note, my Citibank, BoA and Barclays cards all report like the Chase cards, while some of my store cards (clearly credit) report as "Charge Card" with Experian, and "Revolving Account" on the other two.

Suffice it to say, no, the CSP is not a 'charge card' like Amex charge cards. The flexible spending description just might mean you can go above your CL to a certain point.

[yudeology101]

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@phonic wrote:

I wouldn't put too much faith into those descriptions.

In my case, I have two Chase (CSP and IHG) and multiple Amex.

Both Chase cards report "Flexible Spending" on Experian, but "Revolving Account" on the other two.

All my Amex cards report "Credit Card" on Experian, but "Open Account" on the other two.

On a related note, my Citibank, BoA and Barclays cards all report like the Chase cards, while some of my store cards (clearly credit) report as "Charge Card" with Experian, and "Revolving Account" on the other two.

Suffice it to say, no, the CSP is not a 'charge card' like Amex charge cards. The flexible spending description just might mean you can go above your CL to a certain point.

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+1. 

For Chase, you should still see a hard credit limit (i.e. $5000) & show as being "flexible spending credit card", and since it just showed up on your CRAs if you don't see a hard limit, give it a month or two and they may just update the hard limit on there. 

[DigitalArk]

It's good to know. I will check it out on my reports.

[youngandcreditwrthy]

Only my Visa Signature cards (CSP, Marriott PR, and my old closed Venture card) reported with that notation "flexible spending...".  They are required to report the CL by law.... so keep that in mind. The Signature cards are supposed to be sort of an answer to Amex's charge cards on behalf of Visa. You can allegedly go over the hard limit and pif the overage in full, but I've noticed each bank I've had that option with always says it's at the bank's discretion LOL.. I never go over my limits though luckily LOL so no actual experience with it...

[Anonymous]

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@youngandcreditwrthy wrote:

Only my Visa Signature cards (CSP, Marriott PR, and my old closed Venture card) reported with that notation "flexible spending...".  They are required to report the CL by law.... so keep that in mind. The Signature cards are supposed to be sort of an answer to Amex's charge cards on behalf of Visa. You can allegedly go over the hard limit and pif the overage in full, but I've noticed each bank I've had that option with always says it's at the bank's discretion LOL.. I never go over my limits though luckily LOL so no actual experience with it...

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Really?   I think more information reported must be accurate, not that they have to report.   We know there are cards that don't report to some bureaus at all

[Anonymous]

+1 to what longtimelurker said.

Not sure where you are getting that info, but lenders are not required to report CL by law....

[youngandcreditwrthy]

Fairly certain the CARD Act requires the CL to be reported, might be under Regulation Z, which was enforced by the Fed Res, but is not enforced by CFPB. Of course, Amex charge cards are different because they aren't revolving.

[youngandcreditwrthy]

now enforced*

[aubie1kenobie2]

Does that affect your utilization if no CL is reported?