Checking my TransUnion credit report, I noticed that my Chase credit card limit of $10,000 was not shown at all. My payment history, balance, and high balance etc seems to be accurate, my no credit line is shown.
I called them and they filed a credit report dispute and told me that it would be taken care of. Then they delivered a sales pitch for identity theft insurance, lol.
they normally do unless its a signature visa because those have no pre-set spending limit
craig10x
Senior Member - 5K
posted: Feb. 10, 2008 @ 8:52p
Squeezer99 said: they normally do unless its a signature visa because those have no pre-set spending limit
However, if you have a signature card and request it (i did so by e-mail) they will ask the credit bureaus to show your available credit line of your signature card...
Though be aware if you do this that while Equifax and Experian WILL list it....Transunion for some odd reason, refuses to...
I know this because i drew reports from all 3 and now see my Chase Freedom Signature card's credit line on Equifax and Experian...
Note: non-signature cards should automatically be listed on all three credit bureaus......
mine is a signature visa, but I do have a $10,000 limit.
like I said, Chase CS filed a dispute- anyone have an idea of when it would be reflected on my TransUnion report, if at all?
craig10x
Senior Member - 5K
posted: Feb. 11, 2008 @ 1:16a
the reason why signature cards aren't normally reported on the credit bureaus reports is because they all (including yours) have No Preset Spending Limit...Yes, of course, you have an actual credit line ($10,000 as you mentioned) but you can actually spend beyond that in any given month without having to call for permission to exceed your line.....
Since you reported it to Chase, they will request the three bureaus show your "credit line" which all will except Transunion...why they won't, i have no idea....you may want to complain to them (Transunion) about it......and mention that the other bureaus do (upon request by the credit card company) and ask them why they refuse to include it...
craig10x said: the reason why signature cards aren't normally reported on the credit bureaus reports is because they all (including yours) have No Preset Spending Limit...Yes, of course, you have an actual credit line ($10,000 as you mentioned) but you can actually spend beyond that in any given month without having to call for permission to exceed your line.....
Since you reported it to Chase, they will request the three bureaus show your "credit line" which all will except Transunion...why they won't, i have no idea....you may want to complain to them (Transunion) about it......and mention that the other bureaus do (upon request by the credit card company) and ask them why they refuse to include it...
Thanks for the info re TU not reporting the CL. I noticed that on my Bank One/Chase United Mileage Plus "Gold Class" Visa (an NPSL card), both EX and EQ reports the CL but not TU when I pull my report.
Squeezer99 said: they normally do unless its a signature visa because those have no pre-set spending limit This is the case with all Signature Visas, irrelevant of their issuer. Similar deal with the World Mastercard.
craig10x
Senior Member - 5K
posted: Feb. 11, 2008 @ 4:53p
exactly, onedollarinmywallet (i like your name...lol) Transunion, stubbornly, won't add it in, where as Experian and Equifax will, if you ask your credit card company to report your actual credit card line on your signature visa (or world mastercard), to the 3 credit bureaus.....
Of course, everyone should be aware that when your credit report gets "pulled" when it is looked at and they don't see any line, they realize you must have a signature or world card with No Preset Spending Limit....
Since you have to have a good credit history to get these type of cards, i don't see why so many are so upset about their actual line not showing....it shouldn't prevent you from getting other credit or credit cards.....
craig10x said: Since you have to have a good credit history to get these type of cards, i don't see why so many are so upset about their actual line not showing....it shouldn't prevent you from getting other credit or credit cards..... First, I don't know if that's true. I don't know of anyone who has been denied the Citi AAdvantage World MC, for example.
Second, it jacks with your utilization. If you're doing AORs that's likely to be very important.
Finally, credit card issuers do look at what kinds of limits and total credit you have when deciding your limits on their cards. While it's unlikely to stop you from getting a card, it may change your ability to get a high limit.
craig10x
Senior Member - 5K
posted: Feb. 12, 2008 @ 12:24p
well, in order to get any signature or world card, you have to qualify for a minimum $5,000 line...unlike even a platinum card, which can be issued with lines as small as even $500.00.....So, anyone who is eligible for a minimum of $5,000 of credit would have to have a decent credit history...true?
And that being the case, should not impede you from getting high credit line, i would think..... To give you an example of this in play: All i have are two signature cards...no other credit cards.... and Schwab just offered to add a $10,000 Overdraft line of credit to my Investor Checking Account, without me even requesting it!...So, you can see that it didn't "hurt" me.....
I don't do aors, so that wouldn't concern me....but as i said, if you ask you credit card company specifically To report your signature/world credit line to the 3 bureaus, they WILL do so, but only Experian and Equifax will actually comply...why Transunion is hard nosed about it, i have no idea....
craig10x said: well, in order to get any signature or world card, you have to qualify for a minimum $5,000 line...unlike even a platinum card, which can be issued with lines as small as even $500.00.....So, anyone who is eligible for a minimum of $5,000 of credit would have to have a decent credit history...true? Well, to qualify for mortgage, the lender has to think that you're going to pay it back... true? Yet....
ajithwije
New Member
posted: Feb. 13, 2008 @ 11:45p
I have the same issue with two Singature VISA Cards I have with CHASE where they are reporting the balance yet not report the Limit. When this does not occur it negatively impacts the Balance to Avaialble Credit ratio for Revolving cards in your Credit report that results in lowering your Credit Score. Best level to have the Balance to Available Credit is 35%.
Example #1: You have 4 Credit cards with $1000 credit limit on each, with a balance of $350. And all balances and limits are being reported to the Credit Agencies:
Your Total Credit Balance: $350*4 = $1400 Your Total Credit Line: $1000*4 = $4000 Your Balance to Available Credit Ratio: $1400/$4000 = 35%
Example #2: You have 4 Credit cards with $1000 credit limit on each, with a balance of $350. And all balances and only 2 limits are being reported to the Credit Agencies:
Your Total Credit Balance: $350*4 = $1400 Your Total Credit Line: $1000*2 = $2000 Your Balance to Available Credit Ratio: $1400/$2000 = 70%
As a result of this your credit scores could be significanly be lowered and end up getting your credit denied when you really think you are being responsible.
Be careful guys... take action and protect your credit!!!!
craig10x
Senior Member - 5K
posted: Feb. 14, 2008 @ 12:56a
ahh..but since i contacted Chase to report my signature cards to the bureaus, Equifax and Experian have been showing my actual Credit Line...only "hard nosed" Transunion doesn't seem to want to cooperate, for some strange reason....
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