topic Re: Fidelity Visa Creditor Change in Credit Cards

Fidelity Visa Creditor Change

cjesser15 — Thu, 08 Aug 2024 13:30:24 GMT

I don't know if this is notable or not but I got a Credit Karma notification that the creditor for my Fidelity Visa was changed from Elan Financial to US Bank. I know US Bank owns Elan. But any theories as to why the change? Could it be a sign of bigger changes to come?

Re: Fidelity Visa Creditor Change

Blender — Thu, 08 Aug 2024 13:52:17 GMT

Subscribing for more info.

I like this. Hoping to get more direct offers from USB now.

Re: Fidelity Visa Creditor Change

GZG — Thu, 08 Aug 2024 14:46:29 GMT

The website and application still list Elan, so I'm definitely interested in this as well, wonder if this is just CK jank, or all elan cards changing how they report or if fidelity card specifically going to US bank directly

Re: Fidelity Visa Creditor Change

TrapLine — Fri, 09 Aug 2024 06:36:54 GMT

Looked around and everything I could find read Elan Financial Services. Did find a reference to US Bank transitioning with Fidelity Investments the previous card in 2016 which had an American Express label. Other than that, I find no other information.

Follow, I contacted US Bank & Elan Financial directly. The customer service personnel and supervisors had no information on any changes. They did say, that it could change?

Re: Fidelity Visa Creditor Change

keekers — Thu, 08 Aug 2024 22:06:22 GMT

Today I got an alert from EQ that I had a new account...it was the switch from Elan to US Bank for my Fidelity Visa.

Re: Fidelity Visa Creditor Change

GZG — Thu, 08 Aug 2024 22:43:49 GMT

@keekers wrote:
Today I got an alert from EQ that I had a new account...it was the switch from Elan to US Bank for my Fidelity Visa.

so you have two seperate tradelines now? the old one from Elan and the new one from US bank?

are they both aged with the same opening date?

Re: Fidelity Visa Creditor Change

keekers — Thu, 08 Aug 2024 22:59:51 GMT

@GZG wrote:
@keekers wrote:
Today I got an alert from EQ that I had a new account...it was the switch from Elan to US Bank for my Fidelity Visa.
so you have two seperate tradelines now? the old one from Elan and the new one from US bank?

are they both aged with the same opening date?

No, only one tradeline. It looks like the Elan account was replaced. All the info appears to be the same...same opening date, balance, etc. Or perhaps they only changed the name of the original account listed.

Re: Fidelity Visa Creditor Change

Anonymous — Thu, 08 Aug 2024 23:48:43 GMT

@TrapLine wrote:
Looked around and everything I could find read Elan Financial Services.

Since it was from Credit Karma ... ?

Did find a reference to US Bank transitioning with Fidelity Investments the previous card in 2016 which had an American Express label.

I remember that, I was transitioned from FIA(?) to Elan. FIA is/was to Bank of America like Elani is to US Bank

ETA: Apparently "is/was" should be "is". FIA Card Services, N.A. (FIA), Wilmington, Delaware, is a wholly-owned subsidiary of Bank of America Corporation (BAC) headquartered in Charlotte, North Carolina.

Re: Fidelity Visa Creditor Change

Xanthos472 — Fri, 09 Aug 2024 00:42:10 GMT

Same, got the notification as well.

Re: Fidelity Visa Creditor Change

TrapLine — Fri, 09 Aug 2024 06:29:38 GMT

Interesting! Equifax updated and showed US Bank instead of Elan Financial date July 31, 2024. Also, received a notice of an acount change. Appears to have kept all the underlying information with no hard inquiry.

Re: Fidelity Visa Creditor Change

Windchill92 — Fri, 09 Aug 2024 02:32:47 GMT

On NFCU's credit mission thing (TU), mine just got reported as Elan Financial Services with address of Saint Louis, MO, 63166. Validated on TU website.

On Equifax, it got reported as U.S. Bank. with address of Olivette, MO 63132.

Hasn't reported to EX yet.

Re: Fidelity Visa Creditor Change

Gunnerboy — Sat, 10 Aug 2024 04:09:32 GMT

Ten hours ago, received a CK email saying I paid off my Elan/Fidelity card. No new news.

Re: Fidelity Visa Creditor Change

DanteJuan95 — Sat, 10 Aug 2024 04:27:54 GMT

@Blender wrote:
Subscribing for more info.

I like this. Hoping to get more direct offers from USB now.

QRD?

Re: Fidelity Visa Creditor Change

cjesser15 — Sat, 10 Aug 2024 05:14:08 GMT

@Windchill92 wrote:
On NFCU's credit mission thing (TU), mine just got reported as Elan Financial Services with address of Saint Louis, MO, 63166. Validated on TU website.

On Equifax, it got reported as U.S. Bank. with address of Olivette, MO 63132.

Hasn't reported to EX yet.

Same. It's only showing as US Bank on my Equifax. I dunno. I see some discussion about this on Reddit too. Doesn't seem like anyone knows. Could be insignificant in the end. I appreciate everyone's input though.

Re: Fidelity Visa Creditor Change

Windchill92 — Sun, 11 Aug 2024 00:48:43 GMT

@cjesser15 wrote:
@Windchill92 wrote:
On NFCU's credit mission thing (TU), mine just got reported as Elan Financial Services with address of Saint Louis, MO, 63166. Validated on TU website.

On Equifax, it got reported as U.S. Bank. with address of Olivette, MO 63132.

Hasn't reported to EX yet.
Same. It's only showing as US Bank on my Equifax. I dunno. I see some discussion about this on Reddit too. Doesn't seem like anyone knows. Could be insignificant in the end. I appreciate everyone's input though.

Update: It just reported to Experian and shows as ELAN FIN SVCS/FIDELITY.

My guess is that this is a nothingburger.