Is there a point where ones credit limit gets so high that the limit itself stops being reported to credit bureaus? I saw a post on here years ago addressing that issue but my search for it has yielded nothing. If this is the case, does anyone know the dollar amount?
I don't think I've heard of a credit limit not reporting. Perhaps you're thinking of a credit line not being factored into scoring? If so, I believe that's something on older scoring models, and the amount was over $50k maybe? I'm not sure, but I believe @K-in-Boston knows more.
@OmarGB9 wrote:I don't think I've heard of a credit limit not reporting. Perhaps you're thinking of a credit line not being factored into scoring? If so, I believe that's something on older scoring models, and the amount was over $50k maybe? I'm not sure, but I believe @K-in-Boston knows more.
This, limits will report. Imagine the uproar if K's 99.9 Boa didnt report to the bureaus
. MyFico would have outrage not seen since Sync closed whole portfolios.
Oh I would definitely be hurting if they didn't report! For open accounts, all credit credit accounts will report a limit unless they are NPSL like Amex charge cards.
If the question was whether they are excluded from utilization metrics, there definitely is a point somewhere above $50k but less than $76.5k for some older FICO models such as mortgage scores. Early last year I did some balance transfers and moved some very large balances onto my BOA card ($99.9k), an AU BOA card ($99.9k), and my Navy card ($76.5k and later $80k) and my mortgage scores absolutely soared since those cards were being ignored. On the other hand, that also means that their available credit is not being used as a buffer when that would be beneficial.
But for modern scores like FICO 8 and FICO 9, they count just like any other card.
Thank you everyone for clearing this up. Your responses definitely answered my question.