FNBO question

[Anonymous]

just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.

[mongstradamus]

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@Anonymous wrote:

just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.

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If you aren't planning on apping for anything anytime soon , i wouldn't be too worried about playing the util game. I think you are given an one month grace period before card starts reporting by the way. I would check the materials that came with the card to be sure. 

[skigirl916]

Huh?

Sounds like what you really need to know is the date they report to the CRA, so that you can pay it down/off prior to that date, and spend on it thereafter - repeat.

[Anonymous]

Not sure if this is helpful... I applied for a secured card from them in July. The statement closed 8/8 and they reported a week after that.

[Anonymous]

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@skigirl916 wrote:

Huh?

Sounds like what you really need to know is the date they report to the CRA, so that you can pay it down/off prior to that date, and spend on it thereafter - repeat.

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yes i have already sent a msg asking that.

[Anonymous]

fyi, I forgot to add. They charged an annual fee of $29 so thats what actually got reported after the statement closed. 

[Anonymous]

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@Anonymous wrote:

fyi, I forgot to add. They charged an annual fee of $29 so thats what actually got reported after the statement closed. 

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hmm, my card says no annual fee, hopefully they dont try and charge me one.

[CreditPlay]

I am eagerly waiting for my card to come

[Anonymous]

you should be fine. the annual fee was disclosed at the time i applied. I just wanted to let you know that though I had not used the card, I was aware of he annual fee and thats what got reported at the closing date. 

Hope this was somewhat helpful

[takeshi74]

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@Anonymous wrote:

just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.

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No idea.  It will probably report at the end of your first statement.

+1 to not obsessing over utilization.  Any impact to utilization would be just for that given cycle.  Even if it does report high you can adjust next cycle.

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@Anonymous wrote:

hmm, my card says no annual fee, hopefully they dont try and charge me one.

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FNBO issues many differnet cards -- some with AF's, some without.