topic Re: Credit Cards that Update with Zero Balance Mid-Cycle in Credit Cards

Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Fri, 26 May 2017 18:23:49 GMT

Really nice question for the community! It looks like you want feedback to classify CCCs in four ways:

Automatically updates a zero balance (no CSR intervention needed):

- Chase

Automatically updates any balance (no CSR intervention needed):

- Synchony cards

- Amazon Store Card*

- Ebates Visa*

- Lowes

- Walmart*

These cards will update the CRAs at the exact mid-point of your billing cycle and you do not need to pay the balance to $0. Any payment (at least $1) is enough to trigger the update for the Sych cards. Walmart seems unpredictable but will often report at the mid-point even if your balance has increased and whether or not you have made a payment.

Will always update, but you have to request it:

- Comenity

- Wayfair

- Discover

- Amex (mixed reports - some say they do, others say they don't)

Will never update, even if you request it:

- BMW Visa

- Cabelas (WFB)

- Cap One

- NFCU

- Barclay Card Apple Rewards

Rapid Rescore situations for mortgages might be an exception, but expect that in general these issuers will not do mid-cycle updates.

Updates on a specific date

- Bank of the West reports at (End of month / 1st of new month), Statement is same as reporting.

- US Bank reports at (End of month / 1st of new month), Ignoring the statement balance reported.

Please share your experiences with mid-cycle reporting. I'll be updating this top list based upon feedback regularly.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Tue, 04 Apr 2017 07:02:28 GMT

My BMW Visa refused to update. I called tonight to try to add another DP even tho not many ppl have this card.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Creditplz — Tue, 04 Apr 2017 07:13:15 GMT

Cabelas (WFB) refused me like 4 times to update, they state I have to wait till the statement cuts for them to report.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Tue, 04 Apr 2017 16:09:09 GMT

Grateful thanks to Federalist for stepping up to manage this effort!

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Tue, 04 Apr 2017 16:34:59 GMT

@Anonymous wrote:
Grateful thanks to Federalist for stepping up to manage this effort!

When in the rebuilding process, particularly early on, being able to make things report at certain times can be invaluable as we juggle when to apply for credit. I'm hopeful that plenty of members will share their experiences so we can build a robust database.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Tue, 04 Apr 2017 17:32:14 GMT

Love it. I also hope to see if people chime in with experience if some of the rules were fudged to get mortgage or auto loan terms changed with banks who offer mortgages and credit cards, that don't historically mid cycle update.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Tue, 04 Apr 2017 20:57:29 GMT

I can confirm as of today my USBank Cash+ card did the opposite-it posted a balance after I used it. It was a large purchase I made that will get paid off in 2 weeks but it sucks because I waited until my Statement posted to make the purchase and it reported as 0. Then I made the purchase and immediately it updated. Not sure if they always do this as I have never noticed before but I did on this because I almost maxed my card out and it dinged my FICO and I got an alert. Maybe they only do it when it is a large purchase. Not sure. But it happened to me this month.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

HeavenOhio — Tue, 04 Apr 2017 21:47:33 GMT

US Bank reports on the first of the month. You have to play the game differently with them.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Wed, 05 Apr 2017 12:25:15 GMT

Thx Heaven.... did not know that. I have never really looked at my Statement or when they update. That explains it.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

HeavenOhio — Thu, 20 Apr 2017 16:30:30 GMT

@Anonymous wrote:
Will never update, even if you request it:
- Amex

DM2 just had success at getting a mid-cycle report out of AMEX.

@Anonymous wrote:
This was very helpful. Both Discover AND Amex were happy do do off cycle reports. Took about 3 days to post with all 3 Credit Bureaus.
Barclay Card Apple Rewards was a complete dud -- no help whatsoever. Wouldn't even let me speak to their credit dept.
Trying Paypal now. Will update.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Thu, 20 Apr 2017 17:10:32 GMT

@HeavenOhio wrote:
@Anonymous wrote:
Will never update, even if you request it:
- Amex
DM2 just had success at getting a mid-cycle report out of AMEX.

@Anonymous wrote:
This was very helpful. Both Discover AND Amex were happy do do off cycle reports. Took about 3 days to post with all 3 Credit Bureaus.
Barclay Card Apple Rewards was a complete dud -- no help whatsoever. Wouldn't even let me speak to their credit dept.
Trying Paypal now. Will update.

Thank you. Updated.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Thu, 18 May 2017 14:05:14 GMT

Have we seen any datapoints on Citi or Bank of America? 6 of my 12 cards are with one of these two issuers. Since I may be doing a mortgage in late summer or fall, I'd love to know if anyone has experience with these two.

I am guessing that a lot of other people might want to know about it too, since these are big issuers.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

jamesdwi — Thu, 18 May 2017 15:21:59 GMT

Chase does it, just pay down to 0... happens every month I use my freedom card and pay it off.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Thu, 25 May 2017 19:32:56 GMT

@Anonymous wrote:
Have we seen any datapoints on Citi or Bank of America? 6 of my 12 cards are with one of these two issuers. Since I may be doing a mortgage in late summer or fall, I'd love to know if anyone has experience with these two.

I am guessing that a lot of other people might want to know about it too, since these are big issuers.

I'm actually looking for data points regarding Citi ... has anyone had experience with Citi doing a mid-cycle balance update?

Re: Credit Cards that Update with Zero Balance Mid-Cycle

rmduhon — Fri, 26 May 2017 00:21:01 GMT

I've never known Lowe''s, Walmart, or the Amazon store card to update mid-cycle unless the balance was paid off. And between me, hubby, and my mom we have 3 Lowe's, 3 Walmart, and 2 Amazon cards.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Fri, 26 May 2017 13:19:44 GMT

@rmduhon wrote:
I've never known Lowe''s, Walmart, or the Amazon store card to update mid-cycle unless the balance was paid off. And between me, hubby, and my mom we have 3 Lowe's, 3 Walmart, and 2 Amazon cards.

I can't speak to Lowe's ... but neither my Walmart nor my Amazon have ever updated mid-cycle.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Kforce — Fri, 26 May 2017 15:35:32 GMT

Bank of the West reports at (End of month / 1st of new month), Statement is same as reporting.

US Bank reports at (End of month / 1st of new month), Ignoring the statement balance reported.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Tue, 30 May 2017 17:15:18 GMT

Just wanted to add for information purposes:

Chase will update your balance mid-cycle anytime you request it, as long as it is different than what appears on your report.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

Anonymous — Wed, 07 Jun 2017 17:28:13 GMT

Comenity:

Williams-Sonoma - Flat out refused. I told them that Comenity had done it for Wayfair customers, that didn't seem to make a difference. Made a slight change to my address, no change 4 days later.
Crate & Barrel - Also said no, floated the Wayfair experience, still flat out refused. Updated my address, but doesn't seem to have had any effect.

-- I'd be curious to speak with the person who had success with Wayfair how they did it.

American Express:

BCE - Obliged and showed up on Experian 1 day later.

Bank of America:

1-2-3 Cash Rewards - Again, a flat no. The rep said that they are only allowed to update midcycle if there is something inaccurate, or the balance that was reported contained charges that are in dispute.

Target:

RedCard - First rep I spoke to said no, it would update on the 15th. Called the other number (the 'general credit questions' one); rp said that I had an update for the day I called, but the wording was super unclear. It's not my statement date (which will be 6/14), but I did change my address the night before to try to trigger one. However, no update seems to have happened 4 days later.

Re: Credit Cards that Update with Zero Balance Mid-Cycle

jamesdwi — Thu, 08 Jun 2017 03:14:13 GMT

@jamesdwi wrote:
Chase does it, just pay down to 0... happens every month I use my freedom card and pay it off.

I have to update this a bit, apparently it doesn't work with some or all Chase Co-Branded call, I recently paid of a large balance on my Chase Southwest card, no mid-cycle update. so more data points are needed for chase co-branded cards. But it absolutely does update for Freedom and CSP