How does personal charge card affect FICO scores?

[SouthJamaica]

So is it accurate to say:

1. FICO8 EX & TU ignore Amex charge cards for utilization purposes

2. FICO8 EQ factors it in, and treats highest reported statement balance during certain window of time as though it were a credit limit

[Revelate]

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@SouthJamaica wrote:

So is it accurate to say:

1. FICO8 EX & TU ignore Amex charge cards for utilization purposes

2. FICO8 EQ factors it in, and treats highest reported statement balance during certain window of time as though it were a credit limit

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1) Yes

2) Close enough for government work; numbers north of ~35K are handled wierdly in FICO land and it may have been falling afoul of that instead of being counted as revolving utilization.

I personally never saw any movement based on my Zync's balance but I wasn't looking for it to be fair and didn't have solid FICO 8 access at that point so could've been missed.

[SouthJamaica]

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@Revelate wrote:

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@SouthJamaica wrote:

So is it accurate to say:

1. FICO8 EX & TU ignore Amex charge cards for utilization purposes

2. FICO8 EQ factors it in, and treats highest reported statement balance during certain window of time as though it were a credit limit

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1) Yes

2) Close enough for government work; numbers north of ~35K are handled wierdly in FICO land and it may have been falling afoul of that instead of being counted as revolving utilization.

I personally never saw any movement based on my Zync's balance but I wasn't looking for it to be fair and didn't have solid FICO 8 access at that point so could've been missed.

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Can your answer to Number 2 be translated to "more or less"? 

[Revelate]

Pretty much

[SouthJamaica]

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@Revelate wrote:

Pretty much

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Thanks