Chase British Airways Visa Signature Credit Card
Guest: guessindigo
Credit Expert (100+ Posts)
Post subject: Chase British Airways Visa Signature Credit Card
Posted: Tue Jun 13, 2006 1:08 am
[quote="spjoink"]i also have chase british airways visa signature ...no limit reported
BUT...all creditors now these cards only comes with high limits...all of mine are between $10000.00 and $20000.00 [/quote]
I have this card too. I love it.
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Guest: hdporter
Credit Expert (100+ Posts)
Posted: Wed Jun 14, 2006 10:21 am
Quote:
BUT...all creditors now these cards only comes with high limits...all of mine are between $10000.00 and $20000.00
Not sure about that , but the concern is how the reporting of high balance vs. credit limit affects the credit scoring utilization calculation ... it's the old Cap1 issue, though on a premiums scale.
My Chase-Sig account hasn't begun reporting yet, but should within a month. I'll be keeping an eye out and will report back.
- Harry
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Guest: spjoink
Credit Expert (100+ Posts)
Posted: Wed Jun 14, 2006 10:31 am
Visa signature is considered a premium card by the banks , its for people with higher scores and therefor custommer with these card get higher limits , this is according to my private banker at Wells fargo.
Agai this could change , just like the platinum card became nothing more than a marketing tool [/list][/code][/quote]
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo
Credit Expert (100+ Posts)
Posted: Wed Jun 14, 2006 5:51 pm
Signature cards have no preset limit, therefore no over limit fees. I did not ask chase to report the revolving line, I prefer the revolving line to remain hidden. Since I was turned down on some recent apps due to "too much available credit" it has worked out well.
I don't buy the argument it hurts your score. My score hasn't been affected by not reporting the revolving line and allows me to hide over 50,000 in available credit from other creditors.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Expert (100+ Posts)
Post subject: Chase British Airways Visa Signature Credit Card
Posted: Tue Jun 13, 2006 1:08 am
[quote="spjoink"]i also have chase british airways visa signature ...no limit reported
BUT...all creditors now these cards only comes with high limits...all of mine are between $10000.00 and $20000.00 [/quote]
I have this card too. I love it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: hdporter
Credit Expert (100+ Posts)
Posted: Wed Jun 14, 2006 10:21 am
Quote:
BUT...all creditors now these cards only comes with high limits...all of mine are between $10000.00 and $20000.00
Not sure about that , but the concern is how the reporting of high balance vs. credit limit affects the credit scoring utilization calculation ... it's the old Cap1 issue, though on a premiums scale.
My Chase-Sig account hasn't begun reporting yet, but should within a month. I'll be keeping an eye out and will report back.
- Harry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: spjoink
Credit Expert (100+ Posts)
Posted: Wed Jun 14, 2006 10:31 am
Visa signature is considered a premium card by the banks , its for people with higher scores and therefor custommer with these card get higher limits , this is according to my private banker at Wells fargo.
Agai this could change , just like the platinum card became nothing more than a marketing tool [/list][/code][/quote]
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo
Credit Expert (100+ Posts)
Posted: Wed Jun 14, 2006 5:51 pm
Signature cards have no preset limit, therefore no over limit fees. I did not ask chase to report the revolving line, I prefer the revolving line to remain hidden. Since I was turned down on some recent apps due to "too much available credit" it has worked out well.
I don't buy the argument it hurts your score. My score hasn't been affected by not reporting the revolving line and allows me to hide over 50,000 in available credit from other creditors.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 3:46 PM
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