Thursday, November 17, 2011

Chase Credit Cards and Credit Reports

Good news for many Chase credit card holders!

Many Chase credit cards are popular because of the rewards programs and sign on bonuses associated with them. However, many of those cards feature a "No Preset Spending Limit" (NPSL) feature. Chase used to not report the credit limit on those cards to credit agencies, which could lead to a poor credit score because of a high credit utilization ratio (statement balance divided by available credit). I recently decided to contact them to see if they would consider reporting the limits and was pleased to find out that starting this month (November 2011), and because of customer requests, NPSL cards' credit limits will now be reported. I was able to verify that this is the case via's free credit monitoring service.

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