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When credit cards report early

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masscredit
Valued Contributor

When credit cards report early

I was just looking over my Credit Karma info that updates on Saturdays. I found that JCP and Walmart reported early. Could that be because both accounts received CLIs this week?  The old statement closing dates were on the 21st so the account info reported last week. And then they reported this week too. Showed the new credit lines along with my Walmart balance that is usually at $0.00 just before the statement closes.  The current statement will go long so it won't close until the new date which is September 15th. I guess they will be showing that balance until then.

 

 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
Message 1 of 12
11 REPLIES 11
Anonymous
Not applicable

Re: When credit cards report early

Yes this is why. Synch always reports immediately changes to account.
Message 2 of 12
masscredit
Valued Contributor

Re: When credit cards report early

I learned something new today.  Are there many other lenders that do that?

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
Message 3 of 12
Anonymous
Not applicable

Re: When credit cards report early


@Anonymous wrote:
Yes this is why. Synch always reports immediately changes to account.

 

Tuolumne -does this include payment changes or only CLI changes? I woudl have to review my AEO Visa and Walmart accounts to see if that has been the case. I have the Ebates Visa in the mail to me now so it would be nice to know.

Message 4 of 12
Anonymous
Not applicable

Re: When credit cards report early

Only if there was a change to the CL, Status of the account.
Message 5 of 12
gdale6
Moderator Emeritus

Re: When credit cards report early

Walmart is known to do a mid cycle update if you have a balance on it at that time, its the way my card works do I pay it off 2x a month so it doesnt update a balance to the CRA.

Message 6 of 12
masscredit
Valued Contributor

Re: When credit cards report early

I have a Cap One CLI planned in a few weeks so I might end up paying off what would have been my main card this month. This one will be reporting a balance for 6 weeks.
Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
Message 7 of 12
masscredit
Valued Contributor

Re: When credit cards report early

I signed into my CK account today and see that my Walmart balance was updated again. I can see updating my account after the CLI but I'm very surprised that they did it again a few weeks later. Not that it's a big deal. I just wish they would all follow the same pattern. 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
Message 8 of 12
newhis
Valued Contributor

Re: When credit cards report early


@masscredit wrote:

I learned something new today.  Are there many other lenders that do that?


I know Chase report every time I pay down to $0 balance.

Message 9 of 12
Anonymous
Not applicable

Re: When credit cards report early

Barclay reported within 24 hours for me, and Citi Double Cash reported within 2 days.

Message 10 of 12
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