Lowes: You sneaky little %$@#&*€

[Anonymous]

^^^^This is what I'm talking about. I think they're playing with us!

[StartingOver10]

^^^Agreed. When I asked Walmart (Synchrony Bank) to report my zero balance, the CSR said they are under no obligation to report every month! It just seems like it is a policy to report balances but not zero balances. Not very fair IMO.

[Anonymous]

Not fair at all!

[JSS3]

Even if your statement closed, Synchrony will report the balance when they update to the bureaus NOT the statement balance. They caught me once when I thought I was safe.

[Anonymous]

They have always reported statement balance for me on all cards but since we are talking and Sync... I am not at all surprised. Had you just paid off your balance when this happened?

[elim]

bummer!

same here, i use the 5% on large purchases instead of 0% finance which gives me 7 weeks to pay it off with no interest. Lowes cut a day late and then i had 3 weeks to pay it off before that lovely 25% interest hit.  I pulled it off but, when we manage so many accounts it kind of blows when they throw us for a loop (similar to Chase mid cycle reporting... what the heck is that about?)

[Anonymous]

Yes, I've heard Chase doing this. The balance on my Freedom is never high so I wouldn't mind. I do feel this was a sketchy move on Syncs part though. From what I am hearing, they seem to do this alot. I'm not sure why they can't be like every other CCC and specify a date in which your statement will close. Cap 1 and Barclays- 3 days later, Chase it's always on the 3rd, Home Depot- 2 days later. This 9 day stuff is for the birds.

[JSS3]

I hadn't used the card and decided to put a purchase on it after statement closing. Logged in and saw the next month's due date. Minimum owed was 0.00..so it closed. Proceeded to make a $110 purchase. Days later, got an EQ alert that a balance increased by a certain amout. It was Walmart.

[Anonymous]

Wow... that's insane! I just don't understand their reasoning behind this and I guess we'll never know.

[Anonymous]

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@JSS3 wrote:
I hadn't used the card and decided to put a purchase on it after statement closing. Logged in and saw the next month's due date. Minimum owed was 0.00..so it closed. Proceeded to make a $110 purchase. Days later, got an EQ alert that a balance increased by a certain amout. It was Walmart.

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Lowes did this to me when I first got the card but even more extreme. The card reported 0 balance to the CRA's. I got the new account alerts here on myfico. Then I used the card to buy about $200 in tools and it re-reported. In one week it reported twice. I didn't sweat it but it was strange. Sears did that to me too. Reported twice when I first got the card. Maybe it's more commonplace than I thought when it's the first month reporting?