LeslieR Posted January 4, 2008 Report Share Posted January 4, 2008 I received my CJ approval w/ a CL of $1500. However, this message confused me:CREDIT REPORTING : Active Accounts are reported to Major Credit Bureaus once a month. Crown Jewelers DOES NOT report accounts that have not been activated with a purchase or are inactive for six months or more. It can take up to 90 days from the date of your first purchase before you see your account on your credit report. Since the credit limit is contingent upon down payment. We report the highest credit limit used or $500 which ever is higher.I understand that you have to make a purchase and stay active in order for them to report, but am I reading correctly that they will only report a 500. CL unless I spend more than that??? I thought I was doing this to get a 1500 CL tradeline. Link to comment Share on other sites More sharing options...
CleverCynic Posted January 4, 2008 Report Share Posted January 4, 2008 Upon any first purchase it will report $1500, but if you do the small purchase thing it will eventually drop to $500. Upon using a certain percentage of that, they will raise it again. They'll report $500, $1000, or $1,500 depending on usage after the dust settles. Link to comment Share on other sites More sharing options...
LeslieR Posted January 4, 2008 Author Report Share Posted January 4, 2008 Got it! Thanks! I guess it's true that there's no such thing as a free lunch. Link to comment Share on other sites More sharing options...
Recommended Posts