topic Re: Amazon store card reports utilization in near real time in Credit Cards

Amazon store card reports utilization in near real time

Anonymous — Mon, 04 May 2015 06:35:24 GMT

I have an Experian subscription that lets me check on my score and report daily. I noticed with the amazon store card (synchrony) that every purchase I make, and every payment, shows up on my reportreport immediately. My score goes down a few points with every purchase then back up with every payment.

I don't much care but anyone angling a mortgage might want to watch their spending there. Statement cut means nothing for this card.

Re: Amazon store card reports utilization in near real time

Anonymous — Mon, 04 May 2015 06:38:44 GMT

Thank you! Great info to know! You wouldn't think it would go down everytime you make a purchase. I guess that's why they say it changes all the time. Yikes! You can imagine what happens when you make a big purchase & don't pay it off until the bill comes!

Re: Amazon store card reports utilization in near real time

Anonymous — Mon, 04 May 2015 11:44:57 GMT

Thats great info.. Thanks for sharing.

Re: Amazon store card reports utilization in near real time

JcT21 — Mon, 04 May 2015 12:37:40 GMT

i have the experian service and noticed the same thing. logged in and i noticed there was an extra card with a balance.... scared me a little bit because i knew there shouldnt have been. sure enough a $38 charge to my amazon card from 2 days before was showing up. my bill dont even cycle till the 15th. paid it off and soon as the payment posted its now back to $0.

is this something new from amazon? never noticed this before.

Re: Amazon store card reports utilization in near real time

Anonymous — Mon, 04 May 2015 14:21:23 GMT

I guess it depends on your limits, my amazon card has a $1000 limit, so if I make a $300 purchase suddenly utilization on that one card climbs significantly. If it had a $5000 limit it might matter less but I see my score going up and down by 1 to 5 points based on activity on that card. Not a lot of points, and not something I worry about, but someone trying to eek out those last few points to get a mortgage through might want to be careful.

Re: Amazon store card reports utilization in near real time

Anonymous — Mon, 04 May 2015 15:32:26 GMT

Yes they do report usage very quickly.

Re: Amazon store card reports utilization in near real time

CreditCuriosity — Mon, 04 May 2015 15:35:25 GMT

So they don't just report monthly...When you buy something they report? What is the point, costs them money to do so, doesn't it... Hope this isn't a trend other cards are going to follow or Sync cards in general.