Synchrony Amazon reporting balance twice in same month

[Bmac66]

My statement cut on 9/27 and my $361 balance was reported. My balance is now $800 and they just reported that to EX. What gives? Why are they reporting twice in the same month?  Payment not due until 10/20. Anybody else experience this? 

[gdale6]

With Walmart card yes, seems Synch will mid cycle report with larger balance moves both up and down so if you are trying to keep util low you will need to fgure out the day of the mid cycle and have it paid down prior to.

[Bmac66]

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@gdale6 wrote:

With Walmart card yes, seems Synch will mid cycle report with larger balance moves both up and down so if you are trying to keep util low you will need to fgure out the day of the mid cycle and have it paid down prior to.

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Wow! I had no idea. This stinks. Well it will be paid Dow by the time they report again. 

[CH-7-Mission-Accomplished]

They just updated me mid cycle with a $72 balance from one small transaction.   Never had this happen before with anyone.  The card had not been used since last December so was just giving it a little activity to keep it from closing.  Weird and messes up my FICO manipulation (I mean management).

This was a Wal-Mart account.

[Anonymous]

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@gdale6 wrote:

With Walmart card yes, seems Synch will mid cycle report with larger balance moves both up and down so if you are trying to keep util low you will need to fgure out the day of the mid cycle and have it paid down prior to.

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My last statement balance (9/22) was $15, but when I viewed my CR, it stated that the bank reported on 10/1, with $0 balance. Seems they reported 9 days late. When I contacted the bank via online chat, they said it would take 20 days to figure it out. 

[edit] I looked my credit reports; they did report on 9/22 for $15 and on 10/1 for $0. What is the reason for reporting again 9 days after the statement balance?

[Bmac66]

I just wish I knew. I already paid the 9/27 balance so I wouldn't have to pay interest. Made a large purchase for work and will be reimbursed in my 10/15 payroll. I used this card so I would get the 5% credit knowing it would be pif before the 20th. Had I have known I would have used my Freedom card so I wouldn't have taken a 2 point hit for higher util. But now I know!

[CH-7-Mission-Accomplished]

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@Bmac66 wrote:

I just wish I knew. I already paid the 9/27 balance so I wouldn't have to pay interest. Made a large purchase for work and will be reimbursed in my 10/15 payroll. I used this card so I would get the 5% credit knowing it would be pif before the 20th. Had I have known I would have used my Freedom card so I wouldn't have taken a 2 point hit for higher util. But now I know!

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Well two points isn't really worth mentioning.

This made me think that I bet in the not too distant future, all lenders will be updating in a constant stream so that your credit reports will always show your debt positiion.  This makes huge sense from the creditors' perspective to predict risk.   

[gdale6]

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@Anonymous wrote:

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@gdale6 wrote:

With Walmart card yes, seems Synch will mid cycle report with larger balance moves both up and down so if you are trying to keep util low you will need to fgure out the day of the mid cycle and have it paid down prior to.

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My last statement balance (9/22) was $15, but when I viewed my CR, it stated that the bank reported on 10/1, with $0 balance. Seems they reported 9 days late. When I contacted the bank via online chat, they said it would take 20 days to figure it out. 

[edit] I looked my credit reports; they did report on 9/22 for $15 and on 10/1 for $0. What is the reason for reporting again 9 days after the statement balance?

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Its possible the move to 0 triggered it but it hasnt typically been seen with that small of a balance move. They could be changing the way they do things, my updates on Walmart were like clockwork the 9th and 25th but I have not used it in 10 months now, guess I'll have to dust if off and do some investigating.

[Anonymous]

I have seen synch report multiple times in a month, if you make a payment expect them to report it.

In future as things link up we may see more "real time" reporting of balances.

[Anonymous]

Synchrony will also update the cra if you have had a cli.