Does a Checking Account OLC Build Credit?

[Anonymous]

I have been working on rebuilding my credit for a few months now and i have recently been approved for my first card which is the Capital One unsecured platinum. Its the only card i can manage to get approved for so i was curious if applying for the overdraft line of credit on my capital one 360 checking account would report to the credit bureau's and appear as a open account. 

[Anonymous]

In my experience, yes. 

[Anonymous]

not certain about Cap1, but both my NFCU and PenFed OLCs report monthly as an open positive account regardless of usage

[SouthJamaica]

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@Anonymouswrote:

I have been working on rebuilding my credit for a few months now and i have recently been approved for my first card which is the Capital One unsecured platinum. Its the only card i can manage to get approved for so i was curious if applying for the overdraft line of credit on my capital one 360 checking account would report to the credit bureau's and appear as a open account. 

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I used to have a Cap One 360 overdraft line of credit and it did not report.

However the other overdraft lines of credit which I have with other institutions do report.

[outofcredit]

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@Anonymouswrote:

I have been working on rebuilding my credit for a few months now and i have recently been approved for my first card which is the Capital One unsecured platinum. Its the only card i can manage to get approved for so i was curious if applying for the overdraft line of credit on my capital one 360 checking account would report to the credit bureau's and appear as a open account. 

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I also currently have the Capital One 360 overdraft line of credit and it does not report to any CRA.  My Penfed overdraft line of credit does report as a revolving line of credit.

[Anonymous]

I also have a CLOC as part of my Penfed checking account and while it does report en EX, it reports as $0 bal with no CL stated. So, at least for me, it has no efect on the total amount of CLs reported or my Util.