Comments on: No Pre-Set Spending Limit Credit Card: Is It Bad?

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By: Garrett

Garrett — Tue, 06 Nov 2007 11:52:40 +0000

I have both a Alaska Air and Chase card without limits and both do not report a limit on my credit report.

Also, some card companies like Chase don’t report max for any cards, not just unlimited cards.

By: Investing WebLog » Blog Archive » Search results: bad credit

Investing WebLog » Blog Archive » Search results: bad credit — Fri, 20 Jul 2007 01:04:25 +0000

[...] Credit Card with No Pre-Set Limit: Is It Bad? | The Sun’s Financial … I do not have a credit card, but I know many people … I have a MBNA Visa Signature no-limit credit card … made easy worldwide The UK’S mortgage specialist. Mortgages ,good and bad credit mortgage … http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/credit-card-with-no-pre-set-limit... [...]

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Sun, 20 May 2007 14:30:41 +0000

[...] Credit Card with No Pre-Set Limit: Is It Bad? by The Sun’s Financial Diary [...]

By: Friday Finance Findings for May 18th : Generation X Finance

Friday Finance Findings for May 18th : Generation X Finance — Fri, 18 May 2007 14:22:31 +0000

[...] Is a Credit Card With No Pre-Set Limit Bad? – The Sun looks into the pros and cons of having such a card. [...]

By: credit card holder

credit card holder — Fri, 18 May 2007 08:26:25 +0000

All that creditors do should never skip your close attention as they do it not without potential profit for themselves. If you receive such a notice and you do want to accept, scrutinize the terms amd charges as they inevitably change...

By: Miss Bee

Miss Bee — Fri, 18 May 2007 04:48:10 +0000

Just called and declined the change. Painless didn’t try to sell me anything maybe because it is 1 am and he sounded like I just woke him up after letting the phone ring 8 times. I didn’t like the idea of the card number changing, I didn’t wanna lose the history.

By: Chris

Chris — Thu, 17 May 2007 22:25:03 +0000

I have a MBNA Visa Signature no-limit credit card. My monthly statements still list a credit limit, though it was not being reported to the credit agencies. All I did was call MBNA and told them to report my credit limit to the 3 reporting agencies, and viola, all done!

All you have to do is call and ask for them to report it.

By: David

David — Thu, 17 May 2007 19:01:08 +0000

I have both a Capital One and Chase card without limits and both do not report a limit on my credit report. They do report the max which I have purposely made very high. My credit score is very high so no limit cards do not always hurt you.

Also, some card companies like Capital One don’t report max for any cards, not just unlimited cards.

By: Sun

Sun — Thu, 17 May 2007 01:42:37 +0000

Steve: Thanks for the idea of rejecting the upgrade. I just called Citi and told them not to upgrade my card. So I got to keep my account number and the credit history of the card. The new card doesn’t really have anything I want.

By: Moneymonk

Moneymonk — Wed, 16 May 2007 15:50:38 +0000

I do not have a credit card, but I know many people that do. From what they say their AMEX that has no limit DO in fact hurts their credit score, bc it cannot commpute the debt to available credit ratio. It looks as if they have reach their limit regardless of the amount.

By: Steve T

Steve T — Wed, 16 May 2007 15:08:31 +0000

I received the same notice and decided not to upgrade. I am very comfortable with the current CitiCard and decided the no-limit and the concierge service were not worth changing credit card numbers. The call to cancel the upgrade was mostly painless. “Shawn” tried to sell me on a daily credit monitor service but did not try to hard-sell when I refused.