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CC Reported within days of first use

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Anonymous
Not applicable

CC Reported within days of first use

I had two CCs that both reported within a couple days of first time using them. Before a statement has even closed. This has never happen to me before.

 

The first card was Discover, I had set up a couple automatic payments to come out and made their first payments and as soon as they posted, Discover posted to CR. I didn't even have a chance to PIF when they cleared like I do all my cc.

 

The other was ACU cc, the day I got it, I transferred a balance from another cc b/c 0APR and 0 transfer fee, I then transferred money from checking back to the ACU cc, but it was reported to CR in the one day between the two transfers. 

 

This made both cards look like they were carry large balances. Is this normal? I've never had any other cc report before a statement. I took huge hits on all my Fico scores.

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: CC Reported within days of first use


@Anonymous wrote:

I took huge hits on all my Fico scores.


Your Fico scores will go back to normal as soon as the next statement posts showing a 0 balance.  No big deal.

Message 2 of 5
ojefferyo
Valued Contributor

Re: CC Reported within days of first use

How many points did you lose? 

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa
Message 3 of 5
Anonymous
Not applicable

Re: CC Reported within days of first use

I lost 18 on Experian, 12 on Transunion and 14 on Equifax. It was just enough to take me from "Good" back down to "Fair." Smiley Sad 

 

I am in the middle of a EO CLI recon with Cap 1 and I hope this doesn't mess that up.

Message 4 of 5
Anonymous
Not applicable

Re: CC Reported within days of first use

Fresh CR came in today with ZERO balances across the board and only got a 5 point gain in my score Smiley Sad

Message 5 of 5
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