MeraNamJoker said:craig10x said:
And by the way, if you e-mail Chase, you can request they report it to the bureaus...and Equifax and Experian will list your credit line, but TransUnion will not for some unknown reason......but it seems Equifax is often where reports are pulled from, anyway.....



just wondering what would you ask them to report since there is no limit ? Can you request a arbitrary number or do they have their own criteria for reporting a particular limit.
also usually the CSRs are either low wage workers who have no idea what credit score means or are outsourced. Would they know what I am asking if I just send them email using their internal email ?

well, actually, you do have an actual credit line... (in fact you have to have a good credit history and be eligible for a minimum "actual credit line" of $5,000 to qualify for these cards) it's just that you are allowed to go beyond it without calling up for special permission, as you would have to do with other types of cards....So, i found the best way to do it, is
instead of calling up a possible clueless csr who will probably have to put you on hold while they try to find out about it, i found the best way was to e-mail them, and they did take care of it for me....

What you would do is request they report your actual credit line of your signature or world card to the three major credit bureaus (Equifax, Experian and Transunion)......

the result of this is i found that Equifax and Experian did start to include it, and only Transunion would not (don't know why that is).....

but i should point out that i had the signature cards for about TWO YEARS before i ever did this (wasn't even aware of it until i read all the "sky is falling" reports here on fw of how "terrible" it was to have a signature or world card, "ruins" your credit score and all that silly stuff) and in those two years i had tons of pre-approved credit card offers, had no problems getting credit cards or credit lines, and wondered what all this fuss is all about.....

so, you may ask, if it wasn't a problem, why did i bother notifying Chase? Only pure curiousity to see what would happen if i did..and that was the results of it....

hope that helps

MeraNamJoker said:thanks.. i emailed them and they replied that they will report 'access line'. hopefully they will follow up.

You're welcome Glad to be of help......It should take about a month to get changed with the bureaus.......I'm glad to see that some here have a more sensible attitude about this......

Well, they did do it for me about 6 months ago when i e-mailed them, and it is being reported in my case (by Equifax and Experian, but not on Transunion)....unless Chase changed their policy....which i suppose may have happened...
Though that will likely get knocked out now because one of my cards was "compromised" recently and they had to cancel and re-issue a new card with a different account number and i lost my other card, so ditto for that one...

Frankly, i don't care and i won't bother contacting Chase to attempt to get it changed again (both are signature cards) because i found in the two years i had the cards (prior to the change) it had no effect on my credit at all, as supposedly many
here on fw have claimed that it does, so it wouldn't bother me in the least.....during that period of two years (before it was being reported)...i got pre-approved credit card offers by the carloads, and got credit lines, bank overdraft credit lines, etc...for
very large amounts so to me that proves that it DOES NOT affected your credit at all....

But if you feel uncomfortable about it, like the various "worry warts" here (lol) then by all means, downgrade (and it IS a downgrade) your card(s).....

I love having the extra benefits, prestige, etc of the signature card (as MANY PEOPLE DO)....and having these cards simply indicates to credit report pullers that you have an excellent credit history because you can't get these cards
if you do not.....I don't worry about scores and other bs...as long as i can get whatever credit i want, when i want...that's all that matters and that's the bottom line...

Free movie passes to previews of new movies coming out, preferred seats for broadway shows (here in NYC where i live), among other things.....you also get ALL Visa Card benefits on the card...more then you get at the platinum level
(see the Visa website)....it is the top of the line Visa Card and lots of people with good credit ratings, have them......

But even if you don't need/require the extra benefits, i still see no harm in it as others here seem to....as i mentioned, never caused me any problems...i think many fw'ers tend to "worry" too much about these things

I see no reason that i should demote myself back to the platinum again..if it WAS causing problems for me, i'd switch in a "heartbeat" but as i said...i find that it has a "zero effect"...so no need to change...

You're Welcome

I will occassionally get an e-mail from Chase, which tells about the movie preview, where it will be, and includes two free tickets and popcorn as well (lol)...there is a phone number to call to reserve,
if you would like to go......and other e-mails about special shows and attractions (not free but usually better seating, etc...) makes you feel a little "special" since cards of lower grades don't get these offerings......
There's also a personal service you can call to get help with various types of reservations, help when you run into problems while travelling.....etc.....You get higher travel insurance coverage, better lost luggage
coverage, etc.....On the Visa site, just bring up the Signature Card benefits and it outlines them pretty well....

I figure....since it apparently doesn't cause credit problems, and they offer some extra perks..then heck..why not????

I certainly understand your concerns, but i would still say that if it were such a bad thing to have, i don't think so many people would have the card...in fact, it was be so unpopular they would have to discontinue it....i don't delve into
reports the way you and some others here do...but i can tell you from personal experience, that whether it wasn't being reported (the previous mentioned TWO YEAR PERIOD) or was being reported (this past year) i didn't see any effect
positively or negatively either way....scores or utilization ratings not withstanding..just talking about the aspect of many hard pulls in opening various accounts...getting tons of pre-approved credit card offers, applying for credit cards,
loans, credit lines for overdraft checking, you know REAL WORLD STUFF not scores or utilization factors....

And if it were causing problems for me, i'd skip the free movie previews and free popcorn and go back to the platinum.......but i didn't have any..even when it wasn't being reported......so my "in the field" experience seems to contradict what many have been claiming here.....

As for the credit line not being reported, it's obvious that it's a signature, world or American Express charge (not credit card) by the fact that that space is left blank.....and why is it left blank? because you can exceed your actual line!
Who can get such cards? Only people with good credit history.....Obvious, i am sure to anyone who pulls your report......

I haven't seen all the "sky is falling stuff" that having a signature card is supposedly supposed to induce on you....

pueywei said:craig10x said:....it is the top of the line Visa Card and lots of people with good credit ratings, have them......

i believe the visa infinite is their top of the line offering. Signature? Meh.

Infinite is NOT AVAILABLE in the U.S. or even the UK for that matter....in the U.S., Signature IS the TOP OF THE LINE.....

Where do you live..in Venezula (one of the countries Infinite is available)????

s0meguy said:Do you work for Chase, craig10x?

Nope...but i have had Chase credit cards for many years...in fact, they were the first credit card i ever got......I've had various others over the years, including Citibank.....but always seem to come back to Chase for best balance
of customer service, rewards, and good credit lines.....

not everyone can get a signature card....if you don't qualify for a line of at least $5,000 you can't get one....Apparently, you are another one in the "signature card hating" camp...... Another victim of the "imagined" terrors that will befall your credit if you accept that card......

As far as a hard pull..do you know how many BANKS and CUs do hard pulls just for opening a deposit account? (answer: MANY)......

They alway seem to have better Cash Back cards then most of the others.....and they have always been very helpful whenever a card i had from them got "compromised" (unauthorized use),,,and the only "pay" i have gotten from Chase,
is when they gave me $250 (and many other fw'ers here) $250 to open a Freedom Card account.....

Interestingly, just read about this on a pf blog that pointed to this thread since my card got upgraded too:

http://www.stopbuyingcrap.com/credit-related/my-chase-freedom-card-upgraded-to-visa-signature-benefits/

Considering signature cards with the concierge benefit generally comes with a $100-$200 annual fee, the free upgrade seems like a pretty good deal to me? I understand not liking the auto upgrade, but if you qualify for it, you must have met certain criteria for Chase (unless they think you'll spend more). I can't imagine it'll hurt anyone's credit score so much... from losing one TL that their credit utilization ratio will change so much.

From reading the NYT article linked in that blog, it seems the perks will be well worth it for certain people.

There's also a discussion at the myFICO forum, lots of people aren't too happy about the auto upgrade too:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=82707

I just find it interesting because the OP in that thread has FICO scores above 800s and he feels that this will affect his score drastically enough to waive the upgrade. To each his own, I suppose.