How does AE w/ NPSL report on Credit Reports?

tmbr10 · ‎07-02-2012

For those of you with AE charge cards or charge cards in general... How does their reporting effect your utilization and your debt to credit ratio? In other words, If you have no credit limit, how do you calculate this into the debt/credit formula? Does the fact that you are expected to PIF each month negate its effect (positive and negative) on utilization? What if you choose to carry a balance on one of these?

Thanks

G19OD · ‎07-02-2012

This was my thread from yesterday:

http://ficoforums.myfico.com/t5/Credit-Cards/Final-Word-on-allowing-ZYNC-to-report/m-p/1471680#M4047...

It should have the answers you need. If not, there is a lot to find by searching.

tmbr10 · ‎07-03-2012

Gotcha! Thanks! I think I have been correct all these years in staying away from charge cards. Too much to keep up with for me.

Crashem · ‎07-03-2012

I love charge cards for how they are treated utilization wise.

Capital One 1.5% MC/HSBC 15kto20k 8/7/13

LIMITS IN CARD DESCRIPTIONS

webhopper · ‎07-03-2012

@Crashem wrote:
I love charge cards for how they are treated utilization wise.

Ditto. I love my AE

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!

injustifiiable · ‎07-03-2012

@tmbr10 wrote:
Gotcha! Thanks! I think I have been correct all these years in staying away from charge cards. Too much to keep up with for me.

Not really...I would think the idea of not having it counted in utilization calculations very useful. There's less to manage (i.e. trying to push payments through by a certain date, etc)

Can't wait till I get my AMEX...