topic US bank reporting by end of month regardless of statement closing date. Is this the norm for them? in Credit Cards

US bank reporting by end of month regardless of statement closing date. Is this the norm for them?

Superduper2014 — Tue, 25 Aug 2020 21:57:02 GMT

I noticed that US bank is reporting balances to credit bureaus by the end of the month despite the closing statement date.

For example 2 of my US bank cards have closing statements that close in the middle of the month and they will wait until the end of the month to report both at the same time.

Also, my gf opened a US bank card mid month and by the end of that month they reported the new account to the bureaus despite the fact that there was no balance or even a statement generated. So now that she has a small balance from a BT offer she took and the statement closed on the 6th of August, but payment is due sept 3rd, I am guessing they will report this balance by the end of this month as well.

This is interesting since this is the first time I notice this and wanted to corroborate this info with you guys.

Does US bank report by the end of the month only? May be for convenience. NOt sure.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

bourgogne — Tue, 25 Aug 2020 21:58:49 GMT

normal

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Anonymous — Tue, 25 Aug 2020 22:07:13 GMT

They always report what your balance is on the last business day of the month regardless of when your statement date is. If you would like to micromanage account balances, it is easy to request a new due date. I changed my due date to the 28th of the month so I won't have to make multiple payments if I need it to report a 0 balance.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Remedios — Tue, 25 Aug 2020 22:24:01 GMT

Been like that for at least a decade

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

JR_TX — Tue, 25 Aug 2020 22:28:41 GMT

Yep both posters above are correct and that's been a common knowledge here.

But for all the new members and visitors.... USBank reports whatever the account balance is on the last business day of each month.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Superduper2014 — Tue, 25 Aug 2020 22:28:52 GMT

Got it.. I'm the type that usually comes up with a great invention to then realize it already on the market LOL.... moving on. thanks

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Red1Blue — Tue, 25 Aug 2020 22:45:29 GMT

I have 2 US Bank Cards and it is the same for me. I have been thinking about it. I am going to change my due date to 28th so I dont have to worry about keeping track of dates.

Update: I called US Bank and changed due date for both cards to 28th of the month. Makes my life easier.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Remedios — Tue, 25 Aug 2020 22:32:46 GMT

@Superduper2014 wrote:
Got it.. I'm the type that usually comes up with a great invention to then realize it already on the market LOL.... moving on. thanks

@Superduper2014 don't feel bad, I just found out last year hummus is not a goat cheese.

I've missed out on yummies for a decade because I don't eat goat anything.

Apparently, that's also public knowledge

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Anonymous — Wed, 26 Aug 2020 00:36:39 GMT

@Remedios wrote:
@Superduper2014 wrote:
Got it.. I'm the type that usually comes up with a great invention to then realize it already on the market LOL.... moving on. thanks

@Superduper2014 don't feel bad, I just found out last year hummus is not a goat cheese.
I've missed out on yummies for a decade because I don't eat goat anything.
Apparently, that's also public knowledge

Or maybe you should both feel bad?

Anyway, now you know that https://recipecenter.martinsfoods.com/recipes/106628/hummus-and-goat-cheese-sandwich has at least two different main ingredients.

Is goat part of a larger class excluded foods (as it is with me as a vegan) or is there something special about avoiding goat products

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Remedios — Wed, 26 Aug 2020 00:48:35 GMT

@Anonymous wrote:
@Remedios wrote:
@Superduper2014 wrote:
Got it.. I'm the type that usually comes up with a great invention to then realize it already on the market LOL.... moving on. thanks

@Superduper2014 don't feel bad, I just found out last year hummus is not a goat cheese.
I've missed out on yummies for a decade because I don't eat goat anything.
Apparently, that's also public knowledge
Or maybe you should both feel bad?

Anyway, now you know that https://recipecenter.martinsfoods.com/recipes/106628/hummus-and-goat-cheese-sandwich has at least two different main ingredients.

Is goat part of a larger class excluded foods (as it is with me as a vegan) or is there something special about avoiding goat products

My upbringing. My parents belonged to two different ethnic groups, each one with its own restrictions, and as a child, I had a hard time keeping track of what was allowed and where.

I got tired of it and decided to not even bother with most foods.

Long version is pretty funny, but it includes one of the things we don't talk about, so this is the best I can do.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Anonymous — Wed, 26 Aug 2020 01:04:28 GMT

Thank you folks for the clarification! Appreciate the info, I'm interested in one of their cards so this is great to know in advance.

Also would love the hear the story one day @Remedios!

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

randomguy1 — Wed, 26 Aug 2020 02:09:04 GMT

I have a related question regarding this... if you are approved for a new card, will it report to the credit bureaus on the last day of the month if you get it late in the month? Is there a general cutoff?

example: approved on 15th, reports on 30th/31st?

Approved on 28th, report on 30th? Just wondering what is the best date to apply to delay reporting.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Remedios — Wed, 26 Aug 2020 02:33:57 GMT

@randomguy1 wrote:
I have a related question regarding this... if you are approved for a new card, will it report to the credit bureaus on the last day of the month if you get it late in the month? Is there a general cutoff?

example: approved on 15th, reports on 30th/31st?

Approved on 28th, report on 30th? Just wondering what is the best date to apply to delay reporting.

Both of mine reported after the first statement. AR was approved somewhere around June 20th, did not report till end of July.

If you really don't want it to report, apply in the last week of the month

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

randomguy1 — Wed, 26 Aug 2020 02:55:19 GMT

@Remedios wrote:
@randomguy1 wrote:
I have a related question regarding this... if you are approved for a new card, will it report to the credit bureaus on the last day of the month if you get it late in the month? Is there a general cutoff?

example: approved on 15th, reports on 30th/31st?

Approved on 28th, report on 30th? Just wondering what is the best date to apply to delay reporting.
Both of mine reported after the first statement. AR was approved somewhere around June 20th, did not report till end of July.
If you really don't want it to report, apply in the last week of the month

Thank you <3. I knew you would have an answer.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Remedios — Wed, 26 Aug 2020 03:00:08 GMT

@randomguy1 wrote:
@Remedios wrote:
@randomguy1 wrote:
I have a related question regarding this... if you are approved for a new card, will it report to the credit bureaus on the last day of the month if you get it late in the month? Is there a general cutoff?

example: approved on 15th, reports on 30th/31st?

Approved on 28th, report on 30th? Just wondering what is the best date to apply to delay reporting.
Both of mine reported after the first statement. AR was approved somewhere around June 20th, did not report till end of July.
If you really don't want it to report, apply in the last week of the month
Thank you <3. I knew you would have an answer.

lol I'm AR fan girl.

As long as they don't touch mobile wallet and RTR, I'll offer them my firstborn yearly.

I ain't worried, because if you knew my firstborn, you'd know no one is taking Regina George.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Remedios — Wed, 26 Aug 2020 03:01:10 GMT

I wonder if my kids will find this place once they mess up their credit and realize that it was me talking about them

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

simplynoir — Wed, 26 Aug 2020 03:08:58 GMT

@Remedios wrote:
I wonder if my kids will find this place once they mess up their credit and realize that it was me talking about them

"Tell my kids. Let them know it was me"

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Anonymous — Wed, 26 Aug 2020 03:12:28 GMT

@Remedios wrote:
I wonder if my kids will find this place once they mess up their credit and realize that it was me talking about them

Just throw in a few misdirections "Here in Florida...." etc. Hopefully they won't remember "Wasn't Mom always going on about that stupid credit card, Altitude Reservation or something? And she was confused about hummus. Wait a minute.....!!"

Or just claim it was either a) all well meant, or b) ironic. Whichever will work best

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Remedios — Wed, 26 Aug 2020 03:31:50 GMT

@Anonymous wrote:
@Remedios wrote:
I wonder if my kids will find this place once they mess up their credit and realize that it was me talking about them
Just throw in a few misdirections "Here in Florida...." etc. Hopefully they won't remember "Wasn't Mom always going on about that stupid credit card, Altitude Reservation or something? And she was confused about hummus. Wait a minute.....!!"

Or just claim it was either a) all well meant, or b) ironic. Whichever will work best

I meant all of it!

I'm not worried, they gonna need my help when they get their first card (Discover), and it ends up being a CO six months later.

Re: US bank reporting by end of month regardless of statement closing date. Is this the norm for the

Credit12Fico — Wed, 26 Aug 2020 03:36:51 GMT

Yep that is consistent with what I know. A good way to simplify things is to apply for a US Bank card at the end of the month. Assuming the account is opened, it will start the billing on that opening date near the beginning of the month and avoid the hassle of trying to move a due date.

Of course, it's always easy to call in or change the due date, but I'm hesitant to call anybody telling them I want to delay my due dates in such a time like right now when lenders can only see alarm bells ringing when somebody is asking to move their due date which might scare them and trigger AA.