So I charged 1759.00 dollars on my Wells Fargo card this month after not reporting a balance higher than a couple of hundred dollars per month. My limit is $7500.00 on the card. When I pay it off next week will I gain my points back? The wild swings in credit scores seem like a scam to me..
This is TU. The report of $1,759 is 'All Bankcards' meaning your Wells Fargo is only one component in all that, it is everything on open revolving credit cards, all together.
So, the $1,759 could be your Wells Fargo only if all other personal cards had zero.
What was your TU "All Bankcards" amount the last time TU reported this to you? And when was that?
You will most likely get the points back, perhaps not immediately, but as the balance goes back to the lower amount, over a couple of months. Presuming all other personal cards remain at zero, it would be the end of January when WF next updates with an amount.
@Anonymous wrote:So I charged 1759.00 dollars on my Wells Fargo card this month after not reporting a balance higher than a couple of hundred dollars per month. My limit is $7500.00 on the card. When I pay it off next week will I gain my points back? The wild swings in credit scores seem like a scam to me..
Yes you will get the points back.
You should get MOST of them back after the payoff, but quite often you don't get all of them back immediately. A few months and all will be well as long as you stay on track. With those 800-club scores it looks like you're used to staying on track. 