what to do with new BoA Visa signature(CL report, card combining)

[lenz99]

I know this has been asked for 1000 times but just get a new BoA Signature Visa, 5K CL and I'm wondering how to make things look better on my report.

I heard that signature visa will report highest balance as CL, is it still the case?

The card has 0% ARP for 12 months so I can pay minimal to build some balance then PIF, any risk for doing so?  as this might look bad for BoA.

Otherwise I'll just PIF.

Also, I have another BoA mastercard with $2K CL and $29 AF, thats my oldest tradeline(about 3 years, next oldest is one year),

I'm about to combine it with the new card, and if I understand correctly, I'll lost $2k total CL, worth it?

Thanks!

[Anonymous]

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@lenz99 wrote:

I know this has been asked for 1000 times but just get a new BoA Signature Visa, 5K CL and I'm wondering how to make things look better on my report.

I heard that signature visa will report highest balance as CL, is it still the case?

The card has 0% ARP for 12 months so I can pay minimal to build some balance then PIF, any risk for doing so?  as this might look bad for BoA.

Otherwise I'll just PIF.

Also, I have another BoA mastercard with $2K CL and $29 AF, thats my oldest tradeline(about 3 years, next oldest is one year),

I'm about to combine it with the new card, and if I understand correctly, I'll lost $2k total CL, worth it?

Thanks!

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I would like to know the answer to this as well!  I have been charging everything on a Signature card since I opened it a couple weeks ago as I recalled this is how it used to/is still reported.  I currently have a ~$4K blance but don't see myself going much high than $6K before the statement cuts.  I'd rather charge most things with AMEX so an informed answer would be appreciated!

[lenz99]

Actually its the highest historical balance that counts, so if your card is recently opened like mine with 0 APR, you can pay the minimal then continue building the balance next month.

However, I read that things might change and it varies with bank, so I'd like to know, for this specified BoA card, whats the reporting policy for that?

[vish1]

My BofA Visa Signature reports its limit (I checked my experian report)

[Smerri1029]

I have a 10,000 CL with my BoA Visa Signature that does not report the CL to the agencies so I bought something on Amazon for $4000 (close to the statement date), let that post to the report as a high balance, then returned it. That way (since its not my main card) I am not constantly "maxing it out" as far as the credit reports are concerned. Not sure if purchasing/returning was the smartest idea but it worked in the end for me. (I could have covered the cost should something have happened)

[DI]

Do a product change to the BOA AMEX Accelerated card.  It reports the credit line.  I did it two weeks ago.