Signature Cards now report CL's??

[CS800]

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@Anonymous wrote:

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@PetRaccoon wrote:
I thought they reported highest balance if not reporting CL. Is that right?

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Your "High Balance" will act as your CL, but IIRC, I have read that only 2 of the CRA's use the "High Balance" as your CL, and I think it's EQ and TU, I believe that EX will not factor in the High Balance as your CL.

I may be wrong, but I think that's correct.

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My EX charge card balance is not facotred in my EX util. I have checked this every month. I use my charge cards a lot but at one point even if my platinum was reporting a balance of $3500, my EX util was 0 (I wasnt using any other cards)

[Anonymous]

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@CS800 wrote:

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@Anonymous wrote:

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@PetRaccoon wrote:
I thought they reported highest balance if not reporting CL. Is that right?

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Your "High Balance" will act as your CL, but IIRC, I have read that only 2 of the CRA's use the "High Balance" as your CL, and I think it's EQ and TU, I believe that EX will not factor in the High Balance as your CL.

I may be wrong, but I think that's correct.

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My EX charge card balance is not facotred in my EX util. I have checked this every month. I use my charge cards a lot but at one point even if my platinum was reporting a balance of $3500, my EX util was 0 (I wasnt using any other cards)

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Yeah, that's what I thought I remember reading was that EQ and TU would use the "High Balance" as the CL helping with revolving util, but not EX.

I guess my memory does still exist

[timmis1127]

I have a Thankyou Premier signiture with a 8300 credit limit....

curious does it hurt you or help you for them not to report a CL?

[ficonightmare]

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@timmis1127 wrote:

I have a Thankyou Premier signiture with a 8300 credit limit....

curious does it hurt you or help you for them not to report a CL?

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It depends. It helped me for now because my total CL increased by quite a bit, so it lowered utilization.  But for ArisGreek, it had the opposite effect since based on his post, I'm guessing the 6.5k charge compared to his total CL brought his utilization up.

[ArisGreek]

yup

[Anonymous]

My Chase SW Airlines siggy card reports my limit to all 3 bureaus. EX reports it as a "Flexible Spending Credit Card", EQ reports as "Revolving or Option", and TU reports as "Revolving account".

[AndySoCal]

I just looked my credit report I pulled yesterday from My FICO and mine is reporting the same way! Account type is revolving.

[Duke-of-Earl]

Not just Chase.  It seems to be a growing trend.  There were some threads about the subject last Feb or March when I was thinking of getting a USAA WMC.  Some posters mentioned that card specifically as reporting the CL, and the CS rep confirmed it when I called to apply.  Turned out just as everyone had said.  All three CRBs classify this account as Revolving on my reports.