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credit card question????

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2wheel
Frequent Contributor

credit card question????

I have a credit card that is not showing how much credit line is

it is showing high balance and current balance and payment due but no credit line

is this hurting me since this card has 3100 dollars on it. It got a 35k loc

Just noticed this tonight...

Message Edited by 2wheel on 03-06-2009 05:33 PM
2wheel
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Anonymous
Not applicable

Re: credit card question????

Depends on the type of card and the card issuer policy.

 

Some cards "limit" is not a real limit (no pre-set spending limit cards) and so they sometimes only report the high balance.

 

Some companies, such as Capital One, have been guilty of only reporting high balance rather than a limit, though they seem to be doing better now.

 

You can initially file a bureau dispute on the limit and see what comes back.  But if the company does not report it, you can contact the company and ask if they can/will report the limit and why this would help you.

 

If they won't do this....some people have temporarily run up their balance close to their limit, let it go past statement cut off so that it reports the high balance and then paid it back.  I'm not sure that you would want to do this with a 35k CL.

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