Why is my BofA card's credit limit not reporting?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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cdogg
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Why is my BofA card's credit limit not reporting?

Postby cdogg » Tue Jul 24, 2012 12:24 pm

I have boa power rewards visa signature card. Last transaction i had was back in March 2011, since then, i just put it aside until this month. I went to credit karma, look at my report. noticed that BOA card is there, but not showing any credit limit. is it because i haven't used it for a while? i have 10k cl, would love to have that to my overall cl. i started using this card again about two weeks ago, hopefully it will show on the report. do you think i need to call them and ask?
Current Cards: American Express:Blue Cash Everyday CL 33.6k member since 94
Bank Americard Power Cash Rewards Signature Visa CL 20k member since 10
Discover IT $9.5k member since 10
Chase freedom $10k, since 13
BB Store card $2600, since 02
Macys $2700, since 02
Gap/BR $800, since 02


hjamespyun
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Postby hjamespyun » Tue Jul 24, 2012 1:24 pm

Visa Signature and World [Elite] MasterCard credit limits have a weird way of reporting to the bureaus. Depending on your card issuer, they either report a high balance [like a charge card], an actual credit limit, not at all [like you mentioned to us], or some mixture of everything.

I remember seeing another thread talk about this: http://creditcardforum.com/visa-mastercard/4628-do-world-mastercards-report-your-credit-limit.html

Lastly, I wouldn't be too concerned about it, as the above thread mentions how BofA does NOT report an actual credit limit. Why they don't is beyond me...
Cards In Use
Chase Sapphire Visa Signature (Downgraded from Sapphire Preferred)
American Express Platinum (Upgraded from Premier Rewards Gold)
Citi ThankYou Preferred World Elite MasterCard

cdogg
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Postby cdogg » Tue Jul 24, 2012 1:42 pm

hjamespyun wrote:Visa Signature and World [Elite] MasterCard credit limits have a weird way of reporting to the bureaus. Depending on your card issuer, they either report a high balance [like a charge card], an actual credit limit, not at all [like you mentioned to us], or some mixture of everything.

I remember seeing another thread talk about this: http://creditcardforum.com/visa-mastercard/4628-do-world-mastercards-report-your-credit-limit.html

Lastly, I wouldn't be too concerned about it, as the above thread mentions how BofA does NOT report an actual credit limit. Why they don't is beyond me...


mm, in that case, do you think i should just cancel this card? i don't use it much and since its limit is not reported, so it won't hurt me any. I got this card two years ago, not really long comparing my amex which is dated back to 94
Current Cards: American Express:Blue Cash Everyday CL 33.6k member since 94

Bank Americard Power Cash Rewards Signature Visa CL 20k member since 10

Discover IT $9.5k member since 10

Chase freedom $10k, since 13

BB Store card $2600, since 02

Macys $2700, since 02

Gap/BR $800, since 02

Ratfacedudeguy
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Postby Ratfacedudeguy » Tue Jul 24, 2012 2:34 pm

I'd hang onto it. From what I've heard, not too long ago no Visa Signatures or World Mastercards reported a limit, but now they do for the vast majority of issuers. Apparently BofA is one of the very last issuers to catch onto this, so I imagine they may start reporting the limits pretty soon here, and that's not the kind of limit you'd want to miss out on. As long as they're not charging you an annual fee, I say why not keep it open.
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

FutureBillionaire
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Postby FutureBillionaire » Tue Jul 24, 2012 2:37 pm

Make sure to review the benefits of the visa signature before shutting it down. I find that I use the fandango promotion frequently since I'm a movie goer. It is pretty nifty.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

cdogg
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Location: allen, texas

Postby cdogg » Tue Jul 24, 2012 2:41 pm

FutureBillionaire wrote:Make sure to review the benefits of the visa signature before shutting it down. I find that I use the fandango promotion frequently since I'm a movie goer. It is pretty nifty.


i agree, i guess i will hang on to it for a while. i do like the 5x points on restaurants since i use it mainly for dinning
Current Cards: American Express:Blue Cash Everyday CL 33.6k member since 94

Bank Americard Power Cash Rewards Signature Visa CL 20k member since 10

Discover IT $9.5k member since 10

Chase freedom $10k, since 13

BB Store card $2600, since 02

Macys $2700, since 02

Gap/BR $800, since 02

hjamespyun
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Postby hjamespyun » Tue Jul 24, 2012 2:47 pm

+1 Keep it, esp. if BofA corrects their reporting procedure.
Cards In Use
Chase Sapphire Visa Signature (Downgraded from Sapphire Preferred)
American Express Platinum (Upgraded from Premier Rewards Gold)
Citi ThankYou Preferred World Elite MasterCard

DavidNY
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Postby DavidNY » Tue Jul 24, 2012 4:51 pm

BofA doesn't report Visa Signature credit lines. You can switch to the regular Visa version to have your limit reported.

FutureBillionaire
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Postby FutureBillionaire » Tue Jul 24, 2012 5:34 pm

DavidNY wrote:BofA doesn't report Visa Signature credit lines. You can switch to the regular Visa version to have your limit reported.


Correct. I would just get another card to supplement your available credit. A signature card is good to have in the portfolio.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

cdogg
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Posts: 49
Joined: Mon Jul 16, 2012 3:44 pm
Location: allen, texas

Postby cdogg » Tue Jul 24, 2012 10:13 pm

FutureBillionaire wrote:Correct. I would just get another card to supplement your available credit. A signature card is good to have in the portfolio.


i guess i am bored, i just reqeust cl increase online even though i know it is not reported, i asked for $5000 increase, got it without sweat. now i have $15k. should have asked maybe $10k. anyway, it is good enough.
Current Cards: American Express:Blue Cash Everyday CL 33.6k member since 94

Bank Americard Power Cash Rewards Signature Visa CL 20k member since 10

Discover IT $9.5k member since 10

Chase freedom $10k, since 13

BB Store card $2600, since 02

Macys $2700, since 02

Gap/BR $800, since 02



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