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Regular Contributor
Posts: 150
Registered: ‎05-04-2012
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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


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Member
Posts: 36
Registered: ‎08-14-2012
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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
Established Contributor
Posts: 930
Registered: ‎07-30-2011
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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)
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Established Contributor
Posts: 666
Registered: ‎06-06-2012
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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

Frequent Contributor
Posts: 364
Registered: ‎08-23-2011
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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)
Established Contributor
Posts: 657
Registered: ‎06-27-2012
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Re: Capital One! UGH! Updated Mid-Cycle!

What the previous 2 posters said.

 

BOA: 8.9k
CSP: 5k
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Wally: 5k
JCP: 4.9k
citiForward: 4.7k
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Regular Contributor
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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: 04/2014 - TU 765 | EQ ??? | EX 768

Barclays / Sallie Mae World MC 13,000 | FNBO 11,600 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Discover 4,000 | Sam's Club 3,000 | Sears 900
Regular Contributor
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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
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Established Contributor
Posts: 772
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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: 743 (10/14); TU: 758 (9/14); EQ 721 (9/14)

In My Wallet: Amex X 5 | Barclays X 3 | BOA X 1 | CapOne X 3 | Chase X 3 | Citi X 7 | DCU X 1 | Discover X 1 | Fidelity X 1 | Fifth Third X 1 | Macys X 1 | PenFed X 1 | PSECU X 1 | Sams Club MC X 1 | Target RedCard X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1 = 36 Cards

Holding off apps until the end of the year! Wish me luck!
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Capital One! UGH! Updated Mid-Cycle!

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



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