First Post! Need some feedback on wallet diversity

[RockinRay]

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@Revelate wrote:

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@Anonymous wrote:

I won't convert to signature now. because:

1. I GUESS having a credit line of at least 5k is one of the positive factors on your score

2. Some lenders will match your highest CL when you apply for a new CC.

so, it may be better to wait until you got some other CL as high as this one before changing to signature

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Maybe Ron1 or RockinRay will see this thread, I believe they both have (or had) BOFA Visa Sig products, and they (or possibly someone else) will know if BOFA is one that reports CL's on those.  Some lenders do, I vaguely remember something about it but it was months ago and my memory has been going downhill the past few years sadly.

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Ours did not report the limit. They AA'd us back in Jan. Softed us and saw small balances on cards used for different things. Even though they got PIF each month, BofA got scared and "suspended" our accounts. I have not looked back as I feel there are now some better cards to have.

[Anonymous]

Thanks for the feedback! I think I will hold off for now on the Signature upgrade.

My ultimate goal is to have my cards work hard for me. Not only am I doing this to establish relationships with different banks and creditors (want to buy a house within 5 yrs), but Ive been doing allot of research on how your CC can help you save money if used properly. Check out my first post on this thread and you will see what I mean.

BTW, anyone on here make any mentions about this? I may want to put together a guide for Visa / MC / Amex / Discover and how they can use the creditiors resources to help save money (ie: Amex twitter deals)