- Centurion Member
- Posts: 1075
- Joined: Thu Aug 04, 2011 7:07 pm
- Location: Phoenix
Often times Open accounts such as AMEX charge cards and formerly with World and Signature cards, the lender would report the High Spend, meaning the highest balance that has been charged on the card, as the Credit Limit. So, on your Platinum card, has the highest balance been $4,000? If so, this is what is happening.
You do not have to worry about that $4,000 number because the account is an Open account and not a Revolving account; therefore, the $4,000 would not be included in your debt to credit ratio.