Autumnslight wrote:I got a US Bank Visa at the end of July, and my first statement date was 8/23. The card reported shortly after I got it, with a zero balance, then I made charges starting around 8/13 and paid in full, so I had a zero balance when the statement cut. As such, the card has always reported a zero balance so far.
This morning, the card reported my current balance. My next statement date isn't until about 9/23, so I was NOT expecting that! It's not a huge deal, since the balance reported was only about 7.4% utilization, but I was trying to get a certain number of card to report zero this cycle, to see what my score would do, and this messes that up. :/
So, is this normal for US Bank, to report on dates other than the statement date? I've never had another card so far that did that.
US Bank reports the balance you have at the end of each month rather than the balance on your statement. Yes, it's a bit strange that they do this, but at least we know going forward.
I, too, opened my account in July and US Bank reported a zero balance to the bureaus in early to mid-August. And, my end of month balance for August also was just reported. It just showed up on Experian today. I'm sure EQ and TU will soon follow suit.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
