Tuscani wrote:
fused111 wrote:
This is something I have been wondering about for a month. Just received my new AMEX gold rewards plus card. I have no idea how they can report a proper CL, seeing there is not one. Not sure how FICO factors all of this. I am fearful it will be reported as highest balance like Cap1 does.
I would think FICO would give more weight to charge card like this versus a revolving Blue card. Seeing that the cardholder must pay in full or they automatically default. I would also think other creditors would see you as a very low credit risk with high capacity and character. What do you folks think?
Nope.. Revolving is revolving. No matter if charge card or credit card.
But with my amex rewards plus gold (charge card), there is no revolving balance its always PIF monthly unless I place some of the balance in what they call a flex account that can be revolved which they have approved me for. BTW the apr for this is 18.9% ouch!
My card is not reporting yet. I'll let you folks know what happens once it does.
