My credit card does not have a limited amount and there is no amount reported on my credit report does that hurt my credit scores?

Answer 1

Actually, it could affect the score negatively, yes. If the bureaus don't have a way to measure that tradeline balance against what the max is on the card, they can't score you on it. That said, that tradeline can affect your credit score by the following factors: How long the credit card has been open, if there is an active balance being paid on time, any late payments ever, largest amount you ever borrowed on that card (and how it relates to the current reporting balance). The above is not an exhaustive list, but it does show that there are many factors for EACH tradeline as they relate to a collective score. The algorithms change regularly so that there is no sure-fire way of knowing exactly how much any particular thing affects the scores. However, there are general guidelines available on the web.