My Equifax Score

[apacislvallejo]

My recently acquired Chase Freedome Credit Card account, which was opened last month, finally reported on the three CR's Experian / Transunion / Equifax .... while Experian and Transunion noted a Credit Score increase by a few points because of the high credit limit [$9K]; and low usage of all accounts; I was surprised to learn that Equifax myFico Score and the Equifax FAKO score dropped by 11 and 4 points ...

But after careful review of the Equifax Credit report, it revealed that the credit limit amount was not stating a dollar figure, but  "N/A" and noted it as a "flexible spending account ..." which I don't believe this account is ....

Anyways.  Opinions and input would be helpful.  What do ya'll think?  I'm going to talk to Equifax.  If anyone has a phone number I can call to get this settled quickly, I would be most grateful.  Thanks, apac

[mnavas]

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@apacislvallejo wrote:

My recently acquired Chase Freedome Credit Card account, which was opened last month, finally reported on the three CR's Experian / Transunion / Equifax .... while Experian and Transunion noted a Credit Score increase by a few points because of the high credit limit [$9K]; and low usage of all accounts; I was surprised to learn that Equifax myFico Score and the Equifax FAKO score dropped by 11 and 4 points ...

But after careful review of the Equifax Credit report, it revealed that the credit limit amount was not stating a dollar figure, but  "N/A" and noted it as a "flexible spending account ..." which I don't believe this account is ....

Anyways.  Opinions and input would be helpful.  What do ya'll think?  I'm going to talk to Equifax.  If anyone has a phone number I can call to get this settled quickly, I would be most grateful.  Thanks, apac

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You must have the Chase Visa Signature which is in fact a "Flexible Spending Acc" or  a "Credit Access Line" as Chase call all their Siggy cards. They used to not report the CLs for these type of Cards but they now do due to a lot of complains they had in the past.

I'd suggest you contact Chase first and try find out what's going on and ask if they're reporting your CL to EQ. 

[apacislvallejo]

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@mnavas wrote:

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@apacislvallejo wrote:

My recently acquired Chase Freedome Credit Card account, which was opened last month, finally reported on the three CR's Experian / Transunion / Equifax .... while Experian and Transunion noted a Credit Score increase by a few points because of the high credit limit [$9K]; and low usage of all accounts; I was surprised to learn that Equifax myFico Score and the Equifax FAKO score dropped by 11 and 4 points ...

But after careful review of the Equifax Credit report, it revealed that the credit limit amount was not stating a dollar figure, but  "N/A" and noted it as a "flexible spending account ..." which I don't believe this account is ....

Anyways.  Opinions and input would be helpful.  What do ya'll think?  I'm going to talk to Equifax.  If anyone has a phone number I can call to get this settled quickly, I would be most grateful.  Thanks, apac

---

You must have the Chase Visa Signature which is in fact a "Flexible Spending Acc" or  a "Credit Access Line" as Chase call all their Siggy cards. They used to not report the CLs for these type of Cards but they now do due to a lot of complains they had in the past.

I'd suggest you contact Chase first and try find out what's going on and ask if they're reporting your CL to EQ. 

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It is a signature card ..... Okay .... thanks, good to know.  I will call Chase.  Thanks, f.

[Anonymous]

Getting a high CL on a CC has no direct effect on your score.  The effect would occur only if the high CL causes a significant lowering of utilization.

There are multiple threads here about the pitfalls of using FAKO scores, and comparing one score to another.

You may be dealing with different scoring models, different time frames, different information on your reports, and so on.