Time to Report / Flex Spend CC

[vpae]

It's amazing to me how quickly some lendors report to the Credit Bureaus.

With my recent App/CLI Spree last week and a 1/2 ago. 3 Of the cards are already reported to some of the CRA. The FIA Fidelity Amex Apped on 7/28 and reported as of 7/29!!

I have 2 cards reporting that I haven't even received yet! PayPal Extras MC and Citi TY Preferred. Which by the way, is reporting as a "Flexible Spending Credit Card". Visa Signature? Will this count into my utilization?

[eddie84]

My BofA Travel Rewards card (Visa Signature) also reports as Flexible Spending account and from the info I got on here, it shouldn't count against your utilization.  Hope that helps.

[vpae]

Cool thanks!

That means my Citi TYP is probably a Visa Signature card.

I'm considering upgrading my BofA Cahs Rewards to a Signature. I really don't need the CLs to report, I have enough that it shouldn't make any impact on my utilization.

I guess it's just nice knowing I have all these upgraded Visa Signature cards, it feels like a milestone or success in my rebuilding process. Now if I can only get my hands on some WMC or WEMC. They seem to be hard to come by.

Also,  BofA seems to update to the CRA a lot. I have been pulling all 3 reports daily and it feels like BofA/FIA constantly updates. When Lenders update to CRA, are they also soft pulling to do AR? Since I opened up so many accounts recently, I wonder they are updating/softpulling to consider FR/AA.

[HiLine]

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@eddie84 wrote:

My BofA Travel Rewards card (Visa Signature) also reports as Flexible Spending account and from the info I got on here, it shouldn't count against your utilization.  Hope that helps.

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The card will be taken into account when utilization is calculated.

Bank of America always reports VERY fast.

[icloud2525]

I don't believe the TY preferred comes in a siggy.  At least mine isn't.  If yours comes as one please let me know.  The card itself is just a flexible spending card.  Mine reports that way as well but no mention of signature anywhere.

[vpae]

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@icloud2525 wrote:

I don't believe the TY preferred comes in a siggy.  At least mine isn't.  If yours comes as one please let me know.  The card itself is just a flexible spending card.  Mine reports that way as well but no mention of signature anywhere.

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Oh, gotcha. I am confusing flexible spending card/npsl with signature. Thanks for the clarification!

[eddie84]

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@HiLine wrote:

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@eddie84 wrote:

My BofA Travel Rewards card (Visa Signature) also reports as Flexible Spending account and from the info I got on here, it shouldn't count against your utilization.  Hope that helps.

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The card will be taken into account when utilization is calculated.

Bank of America always reports VERY fast.

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Well, Lexie said it isn't factored into the FICO score and here's the link.  I was under the impression that if it isn't factored into the FICO score then it shouldn't effect the utilization (for scoring purpose).

[sccredit]

I can tell you that of my 3 Signature cards (2 Chase and 1 Citi) all of them are taken into account for utilization.  Maybe it is because all 3 report limit whereas BofA does not.  All 3 Siggys are reported as Felxible Spending Cards.

[eddie84]

Yah, I wish BofA would report the CL since that's my highest. lol

[vpae]

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@eddie84 wrote:

Yah, I wish BofA would report the CL since that's my highest. lol

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That is one of my highest too. the only thing setting me back from converting to a siggy. decisions decisions!