After getting approved for the Cash+ card late June I took advantage of the Amazon Prime Day sales so I could get the SUP over and done. I pay all my cards every Monday or Tuesday, and do the AZEO thing. Well, Cash+ was going to be the new AZEO card and closing date is around the 9th of every month.
Anyway, the Amazon Prime day purchases put me at the 75% util on the Cash+ card. I paid the balance down to about 50% the following week and was planning to paying it off except for maybe $20.00 by Aug9 which was the closing.
US Bank reported on July 31 which I didn't know until I paid the rest of the balance (paid near full) and left $18 to show today. When I got the alert about a change on my CR, US Bank listed a balance of $2281. On the US Bank site, it shows $18. I'm not worried but I'm annoyed that I'm gonna drop a few points for a couple months.
That'll teach me not to use US Bank as my AZEO. Lol
There have already been lengthy discussions about USBank reporting here on different threads. But just to reiterate ;
USBank reports between the 1st to 5th day of each month reporting whatever balance you might have on the last business day of the prior month.
USBank reports between the 1st to 5th day of each month reporting whatever balance you might have on the last business day of the prior month.
@JR_TX wrote:
There have already been lengthy discussions about USBank reporting here on different threads. But just to reiterate ;
USBank reports between the 1st to 5th day of each month reporting whatever balance you might have on the last business day of the prior month.
Yes. This is an important distinction, and one which I have observed (with my Elan card) in practical behaviour.
If you are waiting for a new month to roll over to pull reports, and have a US Bank or Elan card that will come in to play, it is best to give it a few days to ensure it shows up in the newly generated score pull if that is what you are going for.
Congrats on getting the Cash+. It’s a nice card.
I second the vote to drop AZEO. It is not going to significantly help your FICO 8, and is only really appropriate if a mortgage app is imminent.
@Remedios wrote:US Bank reports on last business day of the month.
They can be be used as azeo card, you just need to adjust when you pay it, or drop the whole azeo altogether.
While i am not advocating for allowing maxed out cards to report as such all the time, there is absolutely nothing wrong with showing some use on your cards, and your issue will self resolve in 21 days
+1
AZEO isn’t beneficial to use on a normal basis unless you have a important credit app coming up.
I let 7-15K report each month between different cards. It hurts my score a little bit nothing major and as long as I PIF I could careless.
@JR_TX wrote:
There have already been lengthy discussions about USBank reporting here on different threads. But just to reiterate ;
USBank reports between the 1st to 5th day of each month reporting whatever balance you might have on the last business day of the prior month.
I'll have to keep that in mind. At least the end of the month is easy enough to remember. 