Does Aspire Credit Card Report to Credit Bureaus?

archive
Posted: Thu Jan 13, 2005 2:06 pm
Post subject: Does Aspire Credit Card Report to Credit Bureaus?
Jon Donavan
Date: 6/21/2000 3:48 pm CDT

I read on a message board that Aspire Visa doesn' t report to the credit reporting agencys. Is that true?

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archive
Posted: Thu Jan 13, 2005 2:06 pm
Post subject: Does Aspire Credit Card Report to Credit Bureaus?

Board Monitor
Date: 6/21/2000 4:01 pm CDT

Jon,

Thanks for your inquiry! We called to verify this and this is true...at least for the most part. Aspire only reports to the bureaus when you open an account with them and, thereafter, they only report if you are deliquent. They do not report monthly ontime payments to the bureaus. Needless to say, we are lowering our rating of the Aspire card immediately. Thanks for bringing this to our attention!

Regards,
Jackie Hughes
Board Monitor
CardRatings.org

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archive
Posted: Thu Jan 13, 2005 2:07 pm
Post subject: Does Aspire Credit Card Report to Credit Bureaus?

Eugene Skorodinsky
Date: 6/23/2000 7:20 am CDT

Board Monitor wrote:
-------------------------------
> Aspire only reports to the bureaus when you open an
> account with them and, [...]

My account with them is not reported at all.

> Needless to say, we are lowering our rating of the Aspire
> card immediately.

Well, in most cases not reporting is bad, I guess. But for people who want to have more total available credit from different banks than they can qualify for, it is good (or at least those people might consider this good). They can just get Aspire card (it is pretty easy to get, by the way), and no one else will see that credit line on their report

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