[Qtip]

This is not news, it is something we been saying all along. Makes for an interesting read;


Credit cards that hurt your credit score
By Kristin Arnold • Bankrate.com


A no-limit credit card, often considered a valuable perk for cardholders, could, in fact, damage your credit score and make any debt you take on more expensive.

"Consumers who are thinking of opening one of these no-limit credit cards may want to think how deeply their scores will be affected," says Craig Watts, spokesman for Fair Isaac Corp., which developed the well-known FICO score.

The problem is something called "credit utilization," which is the ratio of a cardholder's actual debt to his or her potential debt. In other words, if a consumer has a $10,000 credit limit and a $5,000 balance, the credit utilization is 50 percent. Credit utilization accounts for 30 percent of your credit score. The lower it is, the better it is for your credit score.

For the full story please visit Bankrate;


Credit cards that hurt your credit score

[Lawdog]

The Signature Products by Chase as well as Citibanks's PremierPass have that effect. I noted that Citibank's PP doesn't even show the highest charges so they appear maxed out on credit fileswhenever there is a posted billing

[hannah]

Crap One is being sued for not reporting limits even though they impose them. The effect on FICO is the same thing as not having any limits.