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Question about Signature Visa credit cards and type of credit.

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jaybird201
Established Contributor

Question about Signature Visa credit cards and type of credit.

Do Signature Visas report as charge cards? On my Equifax credit report it doesn't report a balance and it doesn't have a pre-set limit. I suspect it's still listed as a revolving credit account because you can carry a balance but just wanted to check...

Message 1 of 5
4 REPLIES 4
Watchmann
Valued Contributor

Re: Question about Signature Visa credit cards and type of credit.

My Lexus Signature Visa reports as a revolving account with a $25,000 CL, and it shows my highest balance.  It's listed as a Revolving Account on my TU report.  My AX Gold card is listed as an 'Open', or charge account.
Message Edited by Watchmann on 01-18-2009 09:24 PM
Message 2 of 5
Creditaddict
Legendary Contributor

Re: Question about Signature Visa credit cards and type of credit.

USBank is one of the few Signature cards that list your CL, Chase does not, just highest balance.
Message 3 of 5
Anonymous
Not applicable

Re: Question about Signature Visa credit cards and type of credit.

The Wells Fargo Signature Card also reports the CL.
Message 4 of 5
Anonymous
Not applicable

Re: Question about Signature Visa credit cards and type of credit.

My BoA Visa Signature reports largest past balance and reports as revolving,terms says MIN on my TU .  Same on my EQ except terms says not reported. On my EX loan type says CC terms revolving, account type revolving, largest balance.   Vicki
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