AZEO method credit card vs charge account

[Anonymous]

When doing the AZEO method, does this apply to only credit cards? i have a mil star and a commenity bank card, on my reports they are listed as charge accounts.

[Anonymous]

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@Anonymous wrote:

When doing the AZEO method, does this apply to only credit cards? i have a mil star and a commenity bank card, on my reports they are listed as charge accounts.

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Technically, Comenity cards are not charge accounts because they have credit limits. They are revolving accounts like regular credit cards; they just cannot be used anywhere.

[Anonymous]

CW is almost certain to be right.

But the best way to know for sure is to test it.  Do you have a card which you know for sure is a credit card?  If so, have the true CC and the "charge" card each report a small balance with all other cards at zero.  Then get your scores.  Then pay off the true CC leaving only the "charge" card with the balance.  If your score takes a 15-20 point drop, you'll know that FICO is truly considering the card to be a charge card.

Although we are pretty sure we know in advance what the result of that test will be, it's always nice to see the accepted wisdom reconfirmed -- so if you do that test let us know!

[SouthJamaica]

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@Anonymous wrote:

When doing the AZEO method, does this apply to only credit cards? i have a mil star and a commenity bank card, on my reports they are listed as charge accounts.

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I had a Comenity store card which for some reason they code as a "charge" account rather than a credit card, and it reported and was scored just like any other credit card.

[Anonymous]

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@SouthJamaica wrote:

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@Anonymous wrote:

When doing the AZEO method, does this apply to only credit cards? i have a mil star and a commenity bank card, on my reports they are listed as charge accounts.

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I had a Comenity store card which for some reason they code as a "charge" account rather than a credit card, and it reported and was scored just like any other credit card.

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Perhaps because it was a revolving account. But I should mention that Comenity does issue co-brand bankcards as well.