Chase

**ColoNative** · November 17th, 2008, 03:20 PM

Originally Posted by Meya

They are because when I applied (this or last year) I saw that inq o my Cr. I had it disputed because I was unaware of the bank. They took it off, but when I found out it was Chase, I was like, "Duuhhh"

Hehe. Yeah, I believe EQ will even show the trade line as First USA on some people. And when you go to Chase' website and click on a particular card to apply for the web address changes to First USA for example, https://app.firstusa..........I really did prefer my Chase card when it really was Chase, but it it still a good card. I just feel that BofA gives better customer service (MBNA).

**Meya** · November 18th, 2008, 08:15 PM

Originally Posted by smcc

You know Meya, he is right

Who? ColoNative or HJm331?

**smcc** · November 19th, 2008, 12:44 PM

Revolving account.. Carry zero balance most of the time. Checked my Equifax report hjm331 and they report a zero balance and a high limit of zero. But they also classify this card as a FSA (Flexible Spending Account) or a No Pre Set Spending Account so people who review this card will realize what type of card it is

**hjm331** · November 19th, 2008, 01:51 PM

Smcc, thanks for the quick reply. That's what I was looking for. I don't think that they would report it as a regular credit card because when your report is reviewed manually, it's not going to look good. They would think that you are maxing out your credit card(s) and wouldn't want to extend you credit.

**ColoNative** · November 19th, 2008, 04:19 PM

Originally Posted by hjm331

When you say cycle date, you mean statement closing date?

Yep.

**hjm331** · November 19th, 2008, 04:36 PM

Thanks for clearing that up.

**smcc** · November 19th, 2008, 05:30 PM

I mis understood. Happens when you get older.

**ColoNative** · November 19th, 2008, 06:19 PM

Originally Posted by hjm331

Smcc, I believe you misunderstood me. I was saying how it was a good thing that BOA was reporting your Visa Signature as an FSA instead of a regular credit card because when the credit analyst sees the balance on the card without a limit, they will know it's a card card without a preset limit.

FSA=Flexible Spending Account? I've seen that on HSBC and Wells Fargo cards.

**hjm331** · November 19th, 2008, 07:43 PM

I didn't know HSBC offered cards without a pre-set limit.

**jeepy1983** · November 19th, 2008, 08:35 PM

I talked to boa yesterday and they said they DO report your credit limit on the signature card? I have not checked my report since opening this card so anyone have any insight on this?

**hjm331** · November 19th, 2008, 08:45 PM

From what I have heard with the exception of smcc, cards without pre-set limits don't report a limit to your credit reports.

**hjm331** · November 20th, 2008, 03:19 PM

Originally Posted by ColoNative

One thing I have to say is that if you have a reward credit card-never-carry a balance. They typically have a higher APR to begin with and if you pay interest you really aren't getting a reward.

I have noticed that also. That is First Premier Bank is able to offer their customers a fixed interest rate of 9.9%. They don't offer any type of rewards so technically, they're in a win-win situation.

**RivasGlo** · November 20th, 2008, 04:14 PM

Originally Posted by hjm331

I have noticed that also. That is First Premier Bank is able to offer their customers a fixed interest rate of 9.9%. They don't offer any type of rewards so technically, they're in a win-win situation.

I have the Chase Freedom Visa and even thought its a rewards card my APR is set at 3.99% + Prime... Currently 7.99%. Thats really good for me! I guess its just varies, IDK.

**smcc** · November 20th, 2008, 06:12 PM

One day charonh I plan on closing my Visa Signature Card and move the $10K back to my BankAmericard once I get an AMEX card. Hopefully there will be no fallout since I had to take limit from card (a) in order to have the Visa Signature

**hjm331** · November 20th, 2008, 06:33 PM

Smcc, instead of closing the account, why don't you have them convert it to an AMEX and you still get to keep the history on the report. Also, you save a hard pull and points that would drop your score when your average age of accounts decreases when the new account shows up on your report.