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So, I've called today to see if American Express would report a limit on my Zync card and the CSR said to add an additional card under my name and set a spending limit and that the report would just show this as an additional card under one account. Has anyone every tried this? Or should I just app for a credit card so I can get a higher spending limit to report?
He said it would be similar to adding an AU but just adding yourself and having an additional card. The only thing i don't understand is what does this do to my AAoA and is it an inquiry?
Charge cards are supposed to have no preset spending limit therefore do not report a limit.
Yes, charge cards are NPSL and don't report a limit. I think that's sort of the point of the OPs question. Is there a way to get it to report a limit?
@aamex wrote:He said it would be similar to adding an AU but just adding yourself and having an additional card. The only thing i don't understand is what does this do to my AAoA and is it an inquiry?
I've never heard of doing this. I know you can add a limit to an AU card, but I don't know if that limit reports if you do. My wife is an AU on my PR Gold, but I haven't set a limit for her (despite the temptation ).
I would find it odd that you can add yourself as an AU and have the account report as a second tradeline. But if you can, I can see this becoming a new favorite trick for all of those Amex backdaters. Turning one 20 year old TL into two or three would be a nice boost to AAoA.
So assuming you can add yourself, and that it will report as a second tradeline to your CR, how would it effect AAoA? I assume it would be like adding another account that is identical to the first. If your Amex is one of your older tradelines, it will improve your AAoA. If it is younger than your AAoA, it will bring it down.
I don't see why it would be an inquiry. There's no inquiry associated with adding an AU when it is someone else.
@Walt_K wrote:Yes, charge cards are NPSL and don't report a limit. I think that's sort of the point of the OPs question. Is there a way to get it to report a limit?
@aamex wrote:He said it would be similar to adding an AU but just adding yourself and having an additional card. The only thing i don't understand is what does this do to my AAoA and is it an inquiry?
I've never heard of doing this. I know you can add a limit to an AU card, but I don't know if that limit reports if you do. My wife is an AU on my PR Gold, but I haven't set a limit for her (despite the temptation ).
I would find it odd that you can add yourself as an AU and have the account report as a second tradeline. But if you can, I can see this becoming a new favorite trick for all of those Amex backdaters. Turning one 20 year old TL into two or three would be a nice boost to AAoA.
So assuming you can add yourself, and that it will report as a second tradeline to your CR, how would it effect AAoA? I assume it would be like adding another account that is identical to the first. If your Amex is one of your older tradelines, it will improve your AAoA. If it is younger than your AAoA, it will bring it down.
I don't see why it would be an inquiry. There's no inquiry associated with adding an AU when it is someone else.
Yes, that is exactly my question. I suppose its similar to just getting an additional card on the same account. Which is a nice trick because theres no hard pull and you could set the limit which is ultimately your spending limit... I may give this a try. I was going to app for a TE Costco, but why take the hard hit if I can just create my own CL
I think the idea of having no credit limits is being blown out of proportion. If you are looking for a spending limit on your Zync card to keep yourselves from spending too much that's cool. But having a credit limit reported on credit reports is not necessary. Sure some lenders use older FICO scoring models which counts balances from NPSL as part of the utilization. Some lenders use newer FICO scoring model which does not count balance from NPSL. Which model they are using? That's up to them to decide.
@Anonymous wrote:
Will I get FR setting myself as AU on my own zync with $19,900 limit?
I would set the limit as the highest balance you've ever carried if you're trying to do it with ease.
@Anonymous wrote:
I will be a guinea pig testing if it works.
yesss!!! keep us posted.. I really want to do this.