@Anonymous wrote:
I've read some older topics on this forum about this but really didn't get a clear cut answer on what the heck does this really mean? I got several Account Information alerts from 2 CRB's so far with remarks like: Revolving/Options, Credit Card > Flexible Spending Credit Card, H/C to H/C Flexible Spending?
Did I trigger something with my Chase card?
When Visa Signature and World MasterCards first came onto the scene, one of their benefits was that the issuing banks may allow the cardholder to spend above the set credit line (or as Chase calls it, the credit access line). The idea was that if this happened, the cardholder would have to repay the entire amount spent over the credit line plus a minimum payment of the amount of the credit line used. I would assume that this necessitated the creation of a new credit category in credit scoring so that the cardholder was not dinged for going over the set credit line. I could be wrong of course, given that most banks did not report the revolving credit lines on Signature and World cards back in the day to circumvent this issue.
Long story short, it does not really mean anything other than that your card type is a Visa Signature/Infinite or World/World Elite MasterCard. It is still seen as a revolving, credit card with a fancy name.
