topic Re: Does US Bank still report... in Credit Cards

Does US Bank still report...

thelethargicage — Sat, 28 Nov 2015 17:08:00 GMT

...the balance on the last business day of the month, instead of the statement closing date?

Re: Does US Bank still report...

ojefferyo — Sat, 28 Nov 2015 17:35:54 GMT

Yes, it does

Re: Does US Bank still report...

Anonymous — Sat, 28 Nov 2015 17:47:34 GMT

They report om last business day of the month. I am heading over there to pay my balance in full

Re: Does US Bank still report...

Anonymous — Sat, 28 Nov 2015 19:17:03 GMT

Yes

Re: Does US Bank still report...

takeshi74 — Sat, 28 Nov 2015 21:07:09 GMT

Yup. Last report date for my cash+ was 10/30.

Re: Does US Bank still report...

thelethargicage — Sat, 28 Nov 2015 21:20:53 GMT

Thanks, everyone, for confirming this.

Re: Does US Bank still report...

Anonymous — Wed, 02 Dec 2015 14:00:47 GMT

I have always to this point paid my Cash+ before the end of the month. This month, I didn't. But it got me thinking...at the end of the month do they report the balance at the end of the month? Or do they report whatever your statement balance was previously...just report it at the end of the month?

My statement balance on my account is still showing $0. I think it closes around the 10th and around the 15th my phone bill was charged. So nothing is due 12/7. I usually would have paid this before 11/30 but didn't. Is it going to report $0 since that was the statement balance as of the end of the month, or (I assume, but want to confirm) that they'll report the balance with my phone bill which was owed (but not due).

Why do they have to be different?

Re: Does US Bank still report...

Anonymous — Wed, 02 Dec 2015 17:28:40 GMT

@Anonymous wrote:
I have always to this point paid my Cash+ before the end of the month. This month, I didn't. But it got me thinking...at the end of the month do they report the balance at the end of the month? Or do they report whatever your statement balance was previously...just report it at the end of the month?

My statement balance on my account is still showing $0. I think it closes around the 10th and around the 15th my phone bill was charged. So nothing is due 12/7. I usually would have paid this before 11/30 but didn't. Is it going to report $0 since that was the statement balance as of the end of the month, or (I assume, but want to confirm) that they'll report the balance with my phone bill which was owed (but not due).

Why do they have to be different?

They report your actual balance as of end of the month. I always make sure I have a $0 balance by month end and that's what will be reported. They never reported my statement balance.

Re: Does US Bank still report...

uswala — Wed, 02 Dec 2015 17:32:18 GMT

@Anonymous wrote:
@Anonymous wrote:
I have always to this point paid my Cash+ before the end of the month. This month, I didn't. But it got me thinking...at the end of the month do they report the balance at the end of the month? Or do they report whatever your statement balance was previously...just report it at the end of the month?

My statement balance on my account is still showing $0. I think it closes around the 10th and around the 15th my phone bill was charged. So nothing is due 12/7. I usually would have paid this before 11/30 but didn't. Is it going to report $0 since that was the statement balance as of the end of the month, or (I assume, but want to confirm) that they'll report the balance with my phone bill which was owed (but not due).

Why do they have to be different?
They report your actual balance as of end of the month. I always make sure I have a $0 balance by month end and that's what will be reported. They never reported my statement balance.

+1.

I have the same experience.

Re: Does US Bank still report...

FinStar — Wed, 02 Dec 2015 22:31:49 GMT

OP, you can change your due date on any US Bank CC (or all if you prefer) to the end of the month to coincide with their month-end CRA reporting. This way it provides some flexibility for folks who don't want any mid-cycle reporting fluctuations.

All 3 of mine are set to the 28th.