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Flexible Spending Credit cards

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Subject: flexible spending credit card.
Posted on Wed Nov 14, 2012 2:12 am  

I have a new Citi bank credit card and see on my credit report that it is a flexible spending credit card. I have never seen this before all my other credit card accounts just say there credit cards but this one is different. So I called Citi bank to ask what that is. I was told that that a flexible spending credit card means you can go over your credit limit some without being penalized. My credit report dose show a credit limit but apparently I can go over that limit without fees or declines. So says the rep I spoke with, this must be something new. This is what the rep said is all it means only some accounts qualify.

Subject: entry from my Credit Report regarding flex CC terms
Posted on Tue Dec 18, 2012 10:50 am  

Account Type Flexible Spending Credit Card

Payment Status Current
High Balance $1,135.00
Limit $3,800.00
Terms Revolving

Its just a credit card like any other - yet, you are more easily able to increase the limit than a standard card.

Posted on Mon Mar 25, 2013 2:41 am  

Gerry Whitfield

Posted on Tue Mar 26, 2013 3:27 am  

It is a debt. Your friend has to pay off the debt.
Gerry Whitfield

Posted on Tue Mar 26, 2013 3:31 am  

Hello Deion,

Mortgage lenders give the most importance to FICO credit score.
Scott D.

Subject: Credit Quality of Clients
Posted on Tue Apr 09, 2013 6:51 pm  

Thank you for the information by guest EMC, but I would politely disagree that these are used by "customer's with Prime credit". If you have to manipulate your credit card balances to improve your score then I do not consider that a strong borrower. Strong creditors pay their cards off monthly. My parents always taught us that credit card debt is lifestyles in excess of what your earnings can afford.

Subject: FSCC
Posted on Thu Apr 11, 2013 10:35 pm  

Dear Scott D.,

Paying off some or all of your credit card balances in a FSCC to improve your credit score is not manipulating the balance. It is a responsible credit management measure. I think everyone interested in getting financing to buy a home or other major purchases should reduce their credit card balances before they do, regardless of whether it is a FSCC or a regular credit card. However, this recommendation may prove particularly useful for those who carry a balance in a FSCC that doesn't report the credit limit and whose total debt-to available-credit ratio is in excess of 50% or even 100% as a result.

Also, with all the respect your parents inspire me, I disagree with their view. When I travel (and I travel a lot because of work) I use my credit card for everything from hotels, to car rentals and restaurants. I never carry cash and I never use my debit cards. I do that for obvious security reasons while away from home and for convenience. It is not living beyond my means. "Why doesn't he use traveler's check?" your parents may ask... Because it is the 21st century! The security my FSCC offers me when buying things on-line cannot be beat either.

Now, in your book I may not be a "prime credit" customer, but I sleep very well at night knowing that I can charge $100K or more on my FSCC in case of an emergency. I do agree with you that paying your balances every month is also a good idea. That's how I got my credit limit to go up so high without even asking and my credit score to leap over 800 points. Also, being a home owner who pays his mortgage on time helped a lot.

Subject: censoring?
Posted on Thu Apr 11, 2013 11:03 pm  

I think it is a shame that my post explaining what FSCC are was eliminated. It was long, but it needed to be so to clarify all the misconceptions in the forum about FSCC. Did it get dropped because I actually gave FREE advice on how to improve your credit score if you have a FSCC? Why didn't the forum monitor eliminate all the incorrect information posted before? Hmmmm... this makes me wonder about the true intentions of the forum. It thought the purpose was to educate.

Maybe with the help of the following statement my posting won't get dropped. Here it goes...

Forum user: Please provide your personal information to the good folks at "" so that they can distribute it to all of their sponsors. Both will probably profit from it, but you shouldn't hate them for that... it is the American way.

Subject: ZvpVpKvcgFYsGFi
Posted on Sat Aug 31, 2013 6:28 pm  

You can deduct the amnout of day care not covered by the flex plan. The test with the IRS to allow the deduction is the employment status of both parents. You both have to be working full time to qualify to deduct daycare expenses.Let's assume you have $ 13K in expenses for 2006. You'll get $ 5000 of that covered by flex spending which leaves $ 8000 as a regular deduction. That will be written off against income just like any other itemized deduction (like mortgage interest). Normal phase outs will apply as your income goes up. Your daycare provider will issue a statement of payments for the year and their EIN number. Most daycare providers (larger ones) are non-profits 501(c), so if you made any contributions to them you can ask to have those included as well.

Subject: YpewWxPVTpqYdgjgvBy
Posted on Mon Sep 02, 2013 11:38 am  

Not sure where Fryemall got his information, but most of the excses will not be deductible. If you have only one child, then the best you can do is max out your FSA none of the excses would be deductible. If you have two or more children, you can take a deduction for an extra $ 1,000 on your tax return on top of the $ 5,000 that you paid tax-free through the FSA.
crorkz matz

Subject: tVGoCGevQdxGSYw
Posted on Tue Aug 05, 2014 9:34 pm  

pZEvhh I truly appreciate this article. Will read on...

Subject: Flexible Spending Credit card
Posted on Tue Apr 12, 2016 7:03 pm  

I just noticed on my credit report a credit card using this term. However, when I opened the account I received a gift card from the merchant (a promotion)for opening this account. There is no deposits of any kind to open such accounts. Mine has the Visa logo and I earn points whenever I use. I also have a credit limit for this card as well.
Aaron, quit misleading people as you don't know what you are saying.
You are using info for a secured credit card to define what a flexible spending credit card is and that's straight up incorrect. Two different platforms.

Subject: Flexible credit card
Posted on Fri Jul 27, 2018 9:16 pm  

The flexible card is not a debit card. It is a line of credit that allows you to go above your allowed available balance. Say you were qualified to charge up to $14,000.00, the flex card would give you the flexibility to go above the qualified $14,000.00 as long as you pay off the entire flex amount in 30 days. The flex balance then turns into a secured amount. Always read your terms, they vary.

Also, keep in mind that if you use the flex on the card then your qualified $14,000.00 goes into an over limit and high-interest fee for going above your qualified amount. They are great cards if you have a business and know within the 30 day period you will be able to cover the amount but if not don't use it because it will be costly.

On the credit report, it will show that the available balance is $14,000.00 and then the flex balance of $30,000 or so and that will extremely lower your scores because everything is rated and it is showing over the available/qualified balance. You will be a large % over the qualified amount. You should stay at 1/4 standardly of the available amount. I hope this information was helpful
Joy Young

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