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Established Contributor
calihlove75
Posts: 787
Registered: ‎05-16-2012
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Cap 1/HSBC No statement if no activity?

I have not used my card since August and should have had a statement on the 6th or 7th this month. Is it normal to skip a statement/not submit to CRA if there was no activity? This is a household bank card that Cap 1 took over.


100% Ficos: EX 762, TU 767, EQ 754 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-2/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $8000~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $14,000~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
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Revelate
Posts: 8,896
Registered: ‎12-30-2011
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Re: Cap 1/HSBC No statement if no activity?


calihlove75 wrote:

I have not used my card since August and should have had a statement on the 6th or 7th this month. Is it normal to skip a statement/not submit to CRA if there was no activity? This is a household bank card that Cap 1 took over.


It can happen, I don't know about normal.  Pretty much for this reason alone I charge something trivial on every card that I have at least once a month; however, I don't think there's any lasting damage assuming the creditor updates at sometime in the future so my personal behavior is probably a bit extreme, and admittedly I only have four cards to worry about anyway.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Senior Contributor
youngandcreditwrthy
Posts: 6,204
Registered: ‎08-16-2012
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Re: Cap 1/HSBC No statement if no activity?

I think it's more appropriate to charge sthing small on each account every 6 mos to a year... Just to keep em active. Of course, I have like 18 credit cards haha... 13 of which have no bal. Hahaha
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
SevenNEW
Posts: 518
Registered: ‎08-24-2011
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Re: Cap 1/HSBC No statement if no activity?

I would go on the web site and check just to be on the safe side. If they make a mistake it's still *your* fault, so better be extra careful.


calihlove75 wrote:

I have not used my card since August and should have had a statement on the 6th or 7th this month. Is it normal to skip a statement/not submit to CRA if there was no activity? This is a household bank card that Cap 1 took over.


 

SevenNEW, Garden Nerd - In the Garden until 2015!
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Established Contributor
calihlove75
Posts: 787
Registered: ‎05-16-2012
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Re: Cap 1/HSBC No statement if no activity?


SevenNEW wrote:

I would go on the web site and check just to be on the safe side. If they make a mistake it's still *your* fault, so better be extra careful.


calihlove75 wrote:

I have not used my card since August and should have had a statement on the 6th or 7th this month. Is it normal to skip a statement/not submit to CRA if there was no activity? This is a household bank card that Cap 1 took over.


 


I check all of my accounts daily. It is always a zero balance anyway. I was just curious on why no statement.


100% Ficos: EX 762, TU 767, EQ 754 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-2/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $8000~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $14,000~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Established Contributor
SevenNEW
Posts: 518
Registered: ‎08-24-2011
0

Re: Cap 1/HSBC No statement if no activity?

I check all of my accounts daily. It is always a zero balance anyway. I was just curious on why no statement.


Very wise. I'm not sure why there would be no statement -- I have a CapOne Platinum and they always issue a statement, even w/o activity.

SevenNEW, Garden Nerd - In the Garden until 2015!
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