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Elan/Fidelity reporting balance before statement end?

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Regular Contributor

Elan/Fidelity reporting balance before statement end?

Is this unheard of or common knowledge?
My statement ends 10-7-19 so I paid the balance off full last night in order to avoid a large balance reporting. Had a big expense put on the card over a week ago. The balance as of this morning according to EX showed the large expense. : /
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Senior Contributor

Re: Elan/Fidelity reporting balance before statement end?


@marmaladepie wrote:
Is this unheard of or common knowledge?
My statement ends 10-7-19 so I paid the balance off full last night in order to avoid a large balance reporting. Had a big expense put on the card over a week ago. The balance as of this morning according to EX showed the large expense. : /

Elan Financial Services is a subsidiary of U.S. Bank.  

 

Both U.S. Bank and Elan report the balance on the last business day of the month to the credit bureaus.





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Regular Contributor

Re: Elan/Fidelity reporting balance before statement end?

Thank you!
Message 3 of 6
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Established Contributor

Re: Elan/Fidelity reporting balance before statement end?


@MaizeandBlue wrote:
 

Both U.S. Bank and Elan report the balance on the last business day of the month to the credit bureaus.


This is true, and I would also add that it takes a few days for that balance to be effected at the CRAs.  3-5 depending on the bureau is my experience.  This is why I often wait several days before pulling a "New Month" set of FICO scores.

050719:     
091020:     

Message 4 of 6
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Moderator

Re: Elan/Fidelity reporting balance before statement end?

My US Bank balances are reflected on EX as of today. I'm fairly certain TU will update before 2025. 

Message 5 of 6
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Community Leader
Senior Contributor

Re: Elan/Fidelity reporting balance before statement end?

As another poster said, I believe Elan is part of US Bank. US Bank reports the current balance on the last day of the month or somewhere around there. 

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