Chase to report Sig limit!

[Anonymous]

So just some food for thought: I called Chase today to find out if my new Southwest Rapid Rewards Visa Signature would report the 5000 CL every month and the rep told me that they will still report my current balance and credit limit. I'm happy that I won't have to "work the system" to get my card to report the way I want it to. Just thought I would give everyone a heads up!

[Creditaddict]

I believe this rep was WRONG!

My Southwest Signature only reports high balance not credit line!

[MagicShot]

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@Creditaddict wrote:

I believe this rep was WRONG!

My Southwest Signature only reports high balance not credit line!

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Creditaddict is right most Signature card only report High Limit.

[Anonymous]

I asked very straight forward if it would be high limit or credit limit. I'm going to call tomorrow to ask again. I assumed it would be high limit. Any tips on how to get this card to report like its reporting a CL?

[tsquad131]

yeah the csr told you wrong signature cards dont report limits the only way you can get it to report the limit is if you request a platinum version of your card instead of the signature version and then it should report the limit

[trumpet-205]

Visa Signature and World MasterCard are NPSL (no pre-set spending limits) card. With these cards, you CAN go over the credit limit provided you PIF on any balance that is over the limit.

That is why most lenders don't report credit limits on these cards, because you CAN go over the credit limit. It is the correct way to report these cards!!

Most FICO scoring models ignore any balance from NPSL, which means these cards won't affect your utilization.

I honestly don't get why so many people are so fussed up about getting them to report credit limits. Chase did NOT report credit limit on my dad's Freedom Visa Signature. If you want Chase to report the credit limit on your Southwest card then call in and ask to downgrade into Platinum Visa. You'll lose some travel benefits, complementary concierge, exclusive events, and some other benefits but that'll make your credit limit appears on your credit reports. 

[tsquad131]

I think the op just wanted his limit to report to possibly lower utilization if he is or planning to carry a balance in the future on that card or other cards. If you pif every month before the statement cuts then you should have to worry about utilization

[Anonymous]

I dont know about Chase but Citi sure recently started started reporting my limit on my AA Siggie Visa and Citi AA Amex.  Others have reported Ameriprise started reporting limites on their World MC this month (mine hasn't posted yet this month).  There certainly seems to be a trend underway.  Not that I'd take the word of one CSR, but there does seem to be an industry trend underway in recdent months to start reporting limits or World and Siggie cards so if Chase did make such a mobve it would not be unprecidented.  I for one would be happy to have my PIF Chase World MC post its huge CL.  OTOH I am mad as hell if my Ameriprise World MC reports a limit and unhides its $5,000 balance.  I'm interested enough in this Chase story to follow up and see if there is anything to it.

BTW a few months ago I called chase about having the limit report or downgrading my card to one that did and I was flately denied and told no changes were possible on that card.  They did offer to lower my lomit though if I would like..... yea right.

[scottwagnon]

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@trumpet-205 wrote:

Visa Signature and World MasterCard are NPSL (no pre-set spending limits) card. With these cards, you CAN go over the credit limit provided you PIF on any balance that is over the limit.

That is why most lenders don't report credit limits on these cards, because you CAN go over the credit limit. It is the correct way to report these cards!!

Most FICO scoring models ignore any balance from NPSL, which means these cards won't affect your utilization.

I honestly don't get why so many people are so fussed up about getting them to report credit limits. Chase did NOT report credit limit on my dad's Freedom Visa Signature. If you want Chase to report the credit limit on your Southwest card then call in and ask to downgrade into Platinum Visa. You'll lose some travel benefits, complementary concierge, exclusive events, and some other benefits but that'll make your credit limit appears on your credit reports. 

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YES!!!!!!!!!!!!!!!! YES!!!!!!!!!!!!!!!!!! I THOUGHT NOBODY WAS GETTING THIS! +1000. thank you trumpet. you explained this perfectly, thus perfectly taking the words from my mouth.

look peoples, there is a way you can express a limit as high balance. just do what i did and go to best buy, charge near the limit or past it (dosen't matter). wait for the balance to post. than immediately return the merchandise untouched. (please dont touch) this will take 5 days tops; i would suggest only doing this just after the statement cuts. please be careful with merchandise; there is a risk of damaging merchandise if you are not careful. i was fine however, not a scratch, not even to the shrink wrap; they smiled at me and told me, "thank you for choosing best buy" when i completed the return transaction.

[ArisGreek]

My Citi Thank You Preferred was supposed to have no pre-set spending limit and the CL posted about 3 months where it never used to.  I'd freak if my Chase OnePass Plus ever reported because I have a 4.8k balance on the $15k line Had to get a new furnace So I'm hoping that doesn't happen for at least a year so i can pay it down.