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Capital One! UGH! Updated Mid-Cycle!

Regular Contributor

Capital One! UGH! Updated Mid-Cycle!

Has Capital One did this to anybody else? They finally reported my new card on August 6th to All 3 CBA and I had a $0 balance then I get an alert this morning saying one of my account balances increased....WTH I thought so I check and C1 reported my balance of $167! Why would they do this mid-cycle? I lost 14 freaking points



Starting Score: 502 5/4/2012
Current Score: 640 08/03/2012
Goal Score: 700


Take the FICO Fitness Challenge

Message 1 of 10
9 REPLIES

Re: Capital One! UGH! Updated Mid-Cycle!

ouch. but it is cap one..

In my wallet, Discover More, BOA 1 2 3. AMEX PRG (au)

EX-722(AMEX DENIAL)
EQ-692
CK-734
CS-703
Message 2 of 10
Established Contributor

Re: Capital One! UGH! Updated Mid-Cycle!

I lost 3 points in the same way.  They are a ridiculous CC company.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Message 3 of 10
Established Contributor

Re: Capital One! UGH! Updated Mid-Cycle!

Might seem like a pain but unless you are applying for credit this month it shouldn't really mean anything to you

Message 4 of 10
Frequent Contributor

Re: Capital One! UGH! Updated Mid-Cycle!

^This

 

Unless you were planning on apping for credit this month and needed to have the best score possible. Reporting a balance is a non issue.

FICO Scores: TU: 768 (Jan 2012), EQ: 755 (Jan 2012 Lender pull)
Message 5 of 10
Established Contributor

Re: Capital One! UGH! Updated Mid-Cycle!

What the previous 2 posters said.

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Message 6 of 10
Frequent Contributor

Re: Capital One! UGH! Updated Mid-Cycle!


Steelersfan904 wrote:

Has Capital One did this to anybody else? They finally reported my new card on August 6th to All 3 CBA and I had a $0 balance then I get an alert this morning saying one of my account balances increased....WTH I thought so I check and C1 reported my balance of $167! Why would they do this mid-cycle? I lost 14 freaking points


14 points seem like a whole lot for 167.00! That's downright scary.

Meg.

FICO: 4/2016 - TU 841 | EQ 840 | EX 837

FNBO 23,600 | Amex SPG 13,900 | Amex BCP 13,400 | Barclays/Sallie Mae13,000 | Discover IT 12,500 | Lowes 10,000 | PLOC 9,300 | NASA FCU 8,700 | Citi Simplicity 6,200 | BOA Platinum+ 6,000 | Achieva CU 5,500 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Message 7 of 10
Regular Contributor

Re: Capital One! UGH! Updated Mid-Cycle!


migliogiorni wrote:

What the previous 2 posters said.

 


I get that part but when you are rebuilding credit any downward score fall is not going for the moral lol. Hopefully I will gain it all back



Starting Score: 502 5/4/2012
Current Score: 640 08/03/2012
Goal Score: 700


Take the FICO Fitness Challenge

Message 8 of 10
Established Contributor

Re: Capital One! UGH! Updated Mid-Cycle!

You will gain this points back when it reports as zero. In due time your scores should even go higher.
FICO: EX: 763 (12/16); TU: 786 (12/16); EQ 731 (12/16)
Amex Blue Cash Preferred | Amex SimplyCash Plus | Chase Amazon Prime VS | Chase Freedom VS | Discover IT | Penfed Power Cash Rewards VS | Sams Club MC | USAA Limitless Rewards PV
Message 9 of 10
Highlighted
Mega Contributor

Re: Capital One! UGH! Updated Mid-Cycle!

They did that when I was a new customer too. Yes, it does suck Smiley Sad



EQ FICO 548 3/3/16
Message 10 of 10