Comments on: Beware Credit Cards That Do Not Report Your Credit Limit to Credit Bureaus

By: sam

sam — Fri, 18 Nov 2011 04:36:34 +0000

Forget about dealing with the bank dispute it directly with the credit bureaus. If you have all the proper proof it shouldnt be a big deal. the credit bureaus will be obligated to remove it from the reports.

By: Albert

Albert — Thu, 17 Nov 2011 21:01:39 +0000

I spoke with Chase today(11/17/11) on trying to have my Visa Signature and MasterCard World Elite cards report the credit access line/limit. I had to be transferred to a 2nd level support rep, where he said starting Nov 6th 2011, they will start reporting the credit access line/limit amount to the 3 credit reporting agencies, not just the high balance amount, for all customers. It will take one statement cycle for it to start being reported.

By: Pedro

Pedro — Sat, 13 Aug 2011 23:58:20 +0000

Bank of America VISA Signature doid not report my limit>

By: John in SC

John in SC — Tue, 02 Aug 2011 20:56:55 +0000

I, too, have an American Airlines Mastercard issued by CitiBank (CitiCards) which has a “revolving credit limit” of $40,000. I contacted Citi as to why they do not report my credit limit and their response was that they “do not report the credit limit since it is a ‘revolving’ account balance and it would ‘reflect poorly’ on my credit if I were to exceed that limit.” CitiBank — are you kidding me?

By: KATIE

KATIE — Thu, 14 Jul 2011 16:41:03 +0000

XHASE, CITI AND B of A ALL DO THIS, IF YOU HAD BEEN ACTUALY READING THIS ARTICLE AND POST YOU WOULD KNOW THAT, NONE OF THE BANKS YOU LISTED REPORT A CREDIT LIMIT FOR A MAGORITY OF THEIR CARDS.

By: Natalie

Natalie — Tue, 26 Apr 2011 03:58:25 +0000

I completely agree with you. I will no longer use Macy’s again either and I paid the account off while in the store. I tried to make a purchase and was advised that I had to call to get my spending amount approved. I was outraged because they never sent any communication regarding this change but it’s sad that I had to find out in the store. When I go shopping, I don’t have time to make a call each time, having this card is no longer worth it. Macys’ will loose alot of business because they have lost mine. I will spend my money where I am respected and appreciated.

By: Tired of it all

Tired of it all — Tue, 26 Apr 2011 03:50:10 +0000

It’s just really ridiculous how the government allows these credit card companies to do what seems like unfair practices when it comes to credit and credit scores. You doomed if you and doomed if you don’t, it’s not a winning situation. The way credit scores are figured doesn’t seem accurate to me at all. I feel like consumers/cardholders don’t have that many rights in this unfair game that they play. Macy’s has become really ridiculous because you have to call and give them an amount of what you think you will be spending. That is such a waste of time and not fair to cardholders. I paid Macy’s off and I will not be using their card again because they didn’t have enough respect to make the cardholders aware of this change and you found out about the change at checkout. They will end up just like the May Company and they will loose good customers due to this nonsense. Their business will not continue to prosper with tactics of this nature. The government really needs to implement serious changes regarding credit because we do not live in a time of FAIR CREDIT due to all of the underhanded and caniving guidelines.

By: Anna

Anna — Fri, 11 Feb 2011 17:29:38 +0000

Citi, they sent me a letter in response to me questioning why my high limit was not being reported. They reported a zero limit (when I have a VERY high limit) and my current VERY low balance (which I pay in full each month, prior to the due date). Their letter stated that as I have the ability to exceed my limit without a negative reporting if I paid the overage within that billing cycle that for my benefit they don’t report my limit in case I exceed it to avoid a negative reporting. OMG. I was successful with having my actual limit reported by using their letter which stated my limit and sending a request to all three agencies to report my limit. I also have done that on other cards that were not reporting correct information by using my billing statement and sending it along with a request to the Agencies requesting them to update my profile and requesting them to send me an updated report.

By: Derrel

Derrel — Thu, 03 Feb 2011 23:21:52 +0000

Not a major credit card, but my Bloomingdales store card does not report my credit limit, nor does Macy’s…and my 705 credit score dropped down to mid-550′s before I realized what was happening!

I only had one major card, and wanted to use those two to build my ratio…bad move! Paid them off IMMEDIATELY, and now they are fancy lint gatherers in my wallet.

My score is almost back to where it was pre-disaster…but now I have a Capital One card that hasn’t started reporting yet. After reading these stories…starting to get nervous again.

I smell a change in legislation coming yet again. This utilization mess will be our collective undoing if not addressed soon.

By: Ron Davis

Ron Davis — Tue, 25 Jan 2011 19:30:18 +0000

Abba, it sounds like you’re asking for specific advice. You need to figure that out for yourself. However, here are some questions you could ask yourself and/or research online related to your post:

- Capital One – There are benefits to a Capital One card including no or limited foreign transaction fees. It’s not inherently bad because it’s Capital One unless you don’t like them.

- Visa Signature line – This page is all about the Signature cards. You said you have a $30k limit. Have you looked at your credit report? Have you confirmed that it’s not being reported? Would the benefits of a Signature type card be useful to you? Have you called the card insurer to ask them to report or change the card to a type that does?

- closing account – If your question is whether you should close your account, please read up on the consequences of doing so in light of your other available lines of credit and current balances.

Again, only you can answer your very specific question and recommendation about what card will work best for you.