Credit Secure... What do these things mean?

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agp
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Credit Secure... What do these things mean?

Postby agp » Wed Aug 15, 2012 1:36 pm

Just signed up for Amex's $1 Credit Secure and got my report... What do these $ mean? Is that how much I owe? As far as I know I always pay my balance in full and on time.

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Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred


Ratfacedudeguy
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Postby Ratfacedudeguy » Wed Aug 15, 2012 2:32 pm

That indicates that although you pay your balances in full and on time, you aren't paying them before they report to the bureaus. Most creditors report to the bureaus on the statement closing date, which is different from your due date. To get all your accounts to report a $0 balance you'd need to pay them off before your reporting date (statement closing date).
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

agp
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Joined: Fri Apr 20, 2012 10:24 pm
Location: US&A

Postby agp » Wed Aug 15, 2012 4:51 pm

Got it, thanks for the clarification. For a moment there I thought my identity was stolen and someone was charging thousands on my cards.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred



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