So I just got the alert that I have 2 new accounts. One was the DCU CC (the other was the auto loan), and the balance reported was the current balance, not the statement balance. Which means, my util was higher than what I wanted (I charged my auto insurance to it and was planning on paying it off soon). Just a word of caution to new cardholders of DCU. I got used to creditors reporting statement balances and thought they would do the same.
@aubie1kenobie2 wrote:So I just got the alert that I have 2 new accounts. One was the DCU CC (the other was the auto loan), and the balance reported was the current balance, not the statement balance. Which means, my util was higher than what I wanted (I charged my auto insurance to it and was planning on paying it off soon). Just a word of caution to new cardholders of DCU. I got used to creditors reporting statement balances and thought they would do the same.
DCU has always reported the balance at the end of each month. US Bank used to but I think they might have changed. If your statement bal is $100 and you spend $500 on the 30 of the month, they will report $600.
@09Lexie wrote:
@aubie1kenobie2 wrote:So I just got the alert that I have 2 new accounts. One was the DCU CC (the other was the auto loan), and the balance reported was the current balance, not the statement balance. Which means, my util was higher than what I wanted (I charged my auto insurance to it and was planning on paying it off soon). Just a word of caution to new cardholders of DCU. I got used to creditors reporting statement balances and thought they would do the same.
DCU has always reported the balance at the end of each month. US Bank used to but I think they might have changed. If your statement bal is $100 and you spend $500 on the 30 of the month, they will report $600.
Gotcha. I will make sure I pay it down before the last business day of the month then. Thanks, Lexie!