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charge card with no limit?

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fused
Moderator Emeritus

Re: charge card with no limit?



bcmorris wrote:
Fused111, did it being a charge card effect your credit score in a negative way? 


Having a charge card reporting accurately with no derogs will have no negative effect to your scores. Revolving credit cards are treated differently than PIF charge cards. The fact that my Gold card is a charge card is not the problem, EX inaccurately reporting it is. EX reported this account as maxed-out instead of an other open account. Don't get me wrong, I love charge cards. Heck I even love AmEx.


Message Edited by fused111 on 08-15-2007 03:23 PM
Message 11 of 14
bcmorris
Established Member

Re: charge card with no limit?

oh ok, thanks for clearing up my little misunderstanding for me. 
 
Plus AMEX has a credit score tracker thing i am going to look into.
 
Thanks for everyones help and input!
Message 12 of 14
Anonymous
Not applicable

Re: charge card with no limit?

I've herd people say evil EX incorrectly reports charge cards as credit cards
Message 13 of 14
Anonymous
Not applicable

Re: charge card with no limit?



rbbyrbsn wrote:
I've herd people say evil EX incorrectly reports charge cards as credit cards


 
Exactly and more and more creditors are using EX for review purposes because they are impossible to bump.

Message 14 of 14
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