I personally have not seen a drop in either of my FICOs the few times a balance has reported. Since the terms are only 30 days, I'm pretty sure the fomulas don't calculate it in utilization. On my EQ reports, it's listed under 'other' rather than in the 'revolving' section.
I'm sure someone will chime in and correct me if I'm wrong 
lol, why would a mod move it? It's a classic thread for this board.
AmEx charge balances --if reported --can affect the TU score that you get here, which is TU98 (a FICO score, of course.) Most lenders have moved on to using TU04, also a FICO score, but TU doesn't make it available for purchase by consumers, either on their own site or here.
So you shouldn't see AmEx charge card balances affect your EQ score or your EX score (if you have access via PSECU, etc.), and it won't affect the TU score that most lenders would see, but you might see it affect the TU score that we have here. You'll have to decide if that bothers you enough to skip getting the card.
Do remember that other aspects can affect your score, whether it's a charge card or not: possible inq damage, new account damage, "too many accounts with (reported) balances", eventual length of history, if you have a late in the future, and so forth. This would be true of any new credit product.
Most people who post here who have AmEx charge cards report little or no noticeable effect on their TU98 scores, probably because their util isn't affected that much.
@haulingthescoreup wrote:lol, why would a mod move it? It's a classic thread for this board.
AmEx charge balances --if reported --can affect the TU score that you get here, which is TU98 (a FICO score, of course.) Most lenders have moved on to using TU04, also a FICO score, but TU doesn't make it available for purchase by consumers, either on their own site or here.
So you shouldn't see AmEx charge card balances affect your EQ score or your EX score (if you have access via PSECU, etc.), and it won't affect the TU score that most lenders would see, but you might see it affect the TU score that we have here. You'll have to decide if that bothers you enough to skip getting the card.
Do remember that other aspects can affect your score, whether it's a charge card or not: possible inq damage, new account damage, "too many accounts with (reported) balances", eventual length of history, if you have a late in the future, and so forth. This would be true of any new credit product.
Most people who post here who have AmEx charge cards report little or no noticeable effect on their TU98 scores, probably because their util isn't affected that much.
I think I asked a similar question before and it was move to "Understanding FICO® Scoring" by a mod. But anyways, I want an Amex card, but I am under 20 and the only Amex card for teens is the Zync. Why can't Amex offer a students credit card like Discover? Or is the Amex Blue card kinda a student card???
@Anonymous wrote:
@haulingthescoreup wrote:lol, why would a mod move it? It's a classic thread for this board.
AmEx charge balances --if reported --can affect the TU score that you get here, which is TU98 (a FICO score, of course.) Most lenders have moved on to using TU04, also a FICO score, but TU doesn't make it available for purchase by consumers, either on their own site or here.
So you shouldn't see AmEx charge card balances affect your EQ score or your EX score (if you have access via PSECU, etc.), and it won't affect the TU score that most lenders would see, but you might see it affect the TU score that we have here. You'll have to decide if that bothers you enough to skip getting the card.
Do remember that other aspects can affect your score, whether it's a charge card or not: possible inq damage, new account damage, "too many accounts with (reported) balances", eventual length of history, if you have a late in the future, and so forth. This would be true of any new credit product.
Most people who post here who have AmEx charge cards report little or no noticeable effect on their TU98 scores, probably because their util isn't affected that much.
I think I asked a similar question before and it was move to "Understanding FICO® Scoring" by a mod. But anyways, I want an Amex card, [b]but I am under 20 and the only Amex card for teens is the Zync. [/b]Why can't Amex offer a students credit card like Discover? Or is the Amex Blue card kinda a student card???
What's wrong with Zync?
