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US Bank reported mid-statement after large purchase

Established Contributor

US Bank reported mid-statement after large purchase

I just checked my EX report and noticed that US Bank reported early showing a balance of $268 after I made a purchase at Best Buy. Statement doesn't close until May 19.

 

I'm not worried as my util is still very low. With almost 100k in limits, PIF before the statement closes is not really necessary for me anymore. But its just annoying that they are starting to do this. 

Discover IT $35K | FNBO Visa $30K | Cash+ Visa Sig $19.5K | Southwest Premier $16K | Priceline $15K | Citi Forward $14.3K | US Bank Plat $14K | Commerce Bank $13K | CSP $13K | CSR $10K | Sallie Mae World MC $10K | Lowe’s Consumer 10K | BoA Cash Rewards 1-2-3 Sig $7.5K | Fidelity Visa $7K | Citi Double Cash $6.5K | WF Cash Back Visa $5.4K | Capital One Cash Rewards $5K | AMEX BCE $3.9K | Freedom $2.5K | Younkers/Comenity $2.4K | Kohl’s 1.5K | Target $1.4K | EX FICO (from AMEX): 768, TU FICO (from Discover): 797, AAoA: 4.4 years
Message 1 of 13
12 REPLIES
Established Contributor

Re: US Bank reported mid-statement after large purchase

The very same thing happened to me with BOA.  Seems a little sneaky, but they can do it.  Maybe a new tactic from the larger issuers, mid-cycle reporting?

Current Score: EQ: 828, EX: 833, TU: 820 Citi TY Premier WEMC 46.5, (Since 1983)Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| Cap One QS WMC 15K|Chase Freedom VS 19.3k|Citi Dividend WEMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Macys 5k|Sams MasterCard 15k|Barclay Arrival Plus WEMC 18.7k|Chase IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k|Amex Everyday 16.2|BBVA Amex 22.5k|Total Rewards VS 12.5k|SGV 10K|Venture 12k|BOA Virgin Atlantic WEMC 11.2K|MB Amex 9.5k
Message 2 of 13
Established Contributor

Re: US Bank reported mid-statement after large purchase

I went thru this with US Bank over the phone. I was a learning exdperience for the CSR as well since she was totally unaware of these little details. From what I could gather, my Cash + reports around the 2nd of the month (whatever the balance is around 6 or 7 or 8 pm CST) whereas my statement closes around the 7th. 

 

Plan ahead...

Start (Sept 2011): low-mid 600s. NOW: TU FICO: 801, EQ FICO 808, EX FICO 798 (PSECU). Goal: Achieved! Now Maintain!
Message 3 of 13
Super Contributor

Re: US Bank reported mid-statement after large purchase

Yes, this isn't new for US Bank.  Frequently mentioned as one of the exceptions who report mid cycle.

Message 4 of 13
Senior Contributor

Re: US Bank reported mid-statement after large purchase


ztnjpv wrote:

I went thru this with US Bank over the phone. I was a learning exdperience for the CSR as well since she was totally unaware of these little details. From what I could gather, my Cash + reports around the 2nd of the month (whatever the balance is around 6 or 7 or 8 pm CST) whereas my statement closes around the 7th. 

 

Plan ahead...


They're pretty smart and probably figured doing that will speed up cash flow from their more educated cardholders.

 


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Message 5 of 13
Valued Contributor

Re: US Bank reported mid-statement after large purchase

Did the Best Buy purchase post first?  Does anyone consider $268 a large purchase if you have a 10k CL?  Its about 3/10ths of a percent of your CL. I would have to think its more of an a random occurance at that level of spending vs your CL.

 

 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 6 of 13
Established Contributor

Re: US Bank reported mid-statement after large purchase

I'm a pretty frugal person so this was a somewhat large purchase compared to my normal spending on this card. This was easily in the top 5 largest purchases that have gone on this card.

Discover IT $35K | FNBO Visa $30K | Cash+ Visa Sig $19.5K | Southwest Premier $16K | Priceline $15K | Citi Forward $14.3K | US Bank Plat $14K | Commerce Bank $13K | CSP $13K | CSR $10K | Sallie Mae World MC $10K | Lowe’s Consumer 10K | BoA Cash Rewards 1-2-3 Sig $7.5K | Fidelity Visa $7K | Citi Double Cash $6.5K | WF Cash Back Visa $5.4K | Capital One Cash Rewards $5K | AMEX BCE $3.9K | Freedom $2.5K | Younkers/Comenity $2.4K | Kohl’s 1.5K | Target $1.4K | EX FICO (from AMEX): 768, TU FICO (from Discover): 797, AAoA: 4.4 years
Message 7 of 13
Established Contributor

Re: US Bank reported mid-statement after large purchase

Wow, this is something I did not expect to be reading!  Thank you for sharing!  So far they have not done this to me (knocking on wood).  I have made some rather large purchases in the past, such as a new furnace that was almost $4,000.  They have only reported my balance as of the last business day each month and they have been very consistent with this practice thus far.  Now I'm getting nervous!

FICOs: TU08 850 EQ08 850 EX08 849

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; BofA Visa $10.1K; BofA TR Visa $18K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $50K; Sallie Mae WMC $17.5K; Sears MC $10.1K; US Bank Cash+ Visa Sig $26K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Message 8 of 13
Valued Contributor

Re: US Bank reported mid-statement after large purchase

Mine seem to report around the due date instead of the statement date.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 9 of 13
Established Contributor

Re: US Bank reported mid-statement after large purchase

it has nothing to do with "large" purchase

 

nothing to do with due date or statement closing date either

 

they report account status on last bussiness day of each month, it is different than most other banks

 

if you want them to report low balance, pay off before end of month, regardless when the statement close.

EX850:2[21;14] TU850:0 EQ(Fico8BC)885:0
Message 10 of 13