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Why does my PPMC EQ report update daily?

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Established Contributor

Re: Why does my PPMC EQ report update daily?


@Saeren wrote:

Sync did this to me the first few months after I got my Amazon and PayPal cards. It stopped and hasn't occurred since. Just one of their quirks. 


Same here. My PPMC did frequent reporting for 2 months until settled down, and now reports on the 14th or 15th every month. Just one of those odd Synchronary things...😉😂

My credit card journey started 3/2018





Summit Speed Card/Sync Car Care - $10000 CL
Discover It - $6500 CL - 5% rotating
AMEX BCP - $25000 CL - 6% groceries
BBVA Clear Points Rewards - $15300 SL - 3% utilities
PayPal Mastercard - $10000 CL - 2% General
PNC Cash Rewards - $8000 CL- 4% gas 3% restaurants
BB&T Spectrum Cash Rewards VS - $6500 SL - 3% gas
Cap 1 Quicksilver - $1600 CL(DW’s card) - 1.5%
Credit One Platinum - $1500 (DW’s starter card) - 1%
AMEX Cash Magnet - $2000 SL (DW’s) 5% general (6 mos)
BBVA Clear Points (DW’s) $10,000 SL - 3% retail
NFCU More Rewards - $4500 CL (DW’s) 3% Restaurants
AOD Signature VISA - $5000 SL - 3% errthang! Smiley Wink
NFCU More Rewards - $23100 - 3% restaurants and groceries

Total CL - $127400

Cash Back and SUBs earned as of 8/28/20 - $3052.83

In the garden lettin’ ‘em grow!

CU Memberships



Goal Cards:
Message 11 of 18
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Community Leader
Mega Contributor

Re: Why does my PPMC EQ report update daily?

Everyone knows Vantage is better than Fico....

Message 12 of 18
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Valued Contributor

Re: Why does my PPMC EQ report update daily?

Hmm that's really strange. They mid-cycle me once a year on my Marvel and caught me off guard and a little annoyed but never heard of daily reporting from them. Until now. 
If it really bothers you then call them about it with a threat to AA them if they don't fix it! 😛

BK7 dc in 01/2011 with FICO8 in the 500s

New cc TLs : 1/6 ; 1/12 ; 2/24
HPs EX 2 EQ 2 TU 1
AAoA 5y4m
UTIL 1% - 3%

$220K+ Total Limits










Message 13 of 18
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Community Leader
Super Contributor

Re: Why does my PPMC EQ report update daily?


@JR_TX wrote:


If it really bothers you then call them about it with a threat to AA them if they don't fix it! 😛


and don't forget to report back here with the outcome from the call 😁



(10/2020)
FICO 8 (EX) 810 (TU) 805 (EQ) 794
FICO 9 (EX) 835 (TU) 822 (EQ) 828

$1M+ club

Artist formerly known as ColdFusion
Message 14 of 18
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Regular Contributor

Re: Why does my PPMC EQ report update daily?

Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

 

#letitendplease

EX: 797 F8 - 3 inquiries
EQ: 798 F8 - 2 inquiries
TU: 799 F8 - 7 inquiries

Synchrony PayPal Mastercard Jul 11, 2019 SL: $2k - CCL: $10k
NFCU More Rewards Sep 13, 2019 SL: $1k - CCL: $7k
Synchrony Sam’s Club Mastercard Sep 15, 2019 SL: $1.5k - CCL: $3.5k
American Express EveryDay Preferred Sep 23, 2019 SL: $2k - CCL: $2k
Synchrony Lowes (AU) Nov 20, 2019 SL: $10k - CCL: $10k
TD Bank Target RedCard (AU) Nov 26, 2019 SL: $300 - CCL: $800
NFCU cashRewards Dec 15, 2019 SL: $200 - CCL: $5k
Macy’s Store Card Dec 24, 2019 SL: $500 - CCL: $21.5k
Synchrony Amazon Store Card Dec 24, 2019 SL: $150 - CCL: $1.5k
Synchrony Rakuten Visa Jan 15, 2020 SL: $2k - CCL: $2k
Synchrony CareCredit (AU) Feb 03, 2020 SL: $10k - CCL: $10k
BB&T Bright Aug 27, 2020 SL: $7.5k - CCL: $7.5k
American Express Amazon Business October 10, 2020 SL: $3k - CCL: $3k
Message 15 of 18
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Regular Contributor

Re: Why does my PPMC EQ report update daily?


@AddictedToApprovals wrote:

Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

 

#letitendplease


It's weird, but what's also weird is your EQ score isn't changing despite all the balance increases and decreases. Why is that?So they hard pull Transunion to get the card, then try to screw you over on Equifax when you go to Walmart? lol.

 

I knew the chronies were bad, but I'm a 2% junkie...what a mousetrap.. On the bright side, it looks like payments to the card credited the same day? How long have you had the card? I read that the chronies have all kinds of bs controls for new accounts (2-3 months old). Some of the others:

 

1) It can take up to 9 days for a payment to settle to the card (so they won't release your credit line until then...)

2) Pesky fraud locks

 

Have any of these been true for you?

 

Also, why is it so hard to find the statement closing date? Where is it in the app? This is not my daily driver, so not a big deal, but would like better app integration with Paypal. The bootleg portal to Synchrony is a bit unprofessional...I wanted to be able to make payments from my paypal balance too (Read this was possible but don't see it anywhere). The card doesn't have contactless payment, and can't be added to Apple Pay (likewise, Apple Card can't be added to Paypal....what a bunch of cronies and mouthbreathers...)

Message 16 of 18
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Regular Contributor

Re: Why does my PPMC EQ report update daily?


@Credit12Fico wrote:

@AddictedToApprovals wrote:

Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

 

#letitendplease


It's weird, but what's also weird is your EQ score isn't changing despite all the balance increases and decreases. Why is that?So they hard pull Transunion to get the card, then try to screw you over on Equifax when you go to Walmart? lol.

 

I knew the chronies were bad, but I'm a 2% junkie...what a mousetrap.. On the bright side, it looks like payments to the card credited the same day? How long have you had the card? I read that the chronies have all kinds of bs controls for new accounts (2-3 months old). Some of the others:

 

1) It can take up to 9 days for a payment to settle to the card (so they won't release your credit line until then...)

2) Pesky fraud locks

 

Have any of these been true for you?

 

Also, why is it so hard to find the statement closing date? Where is it in the app? This is not my daily driver, so not a big deal, but would like better app integration with Paypal. The bootleg portal to Synchrony is a bit unprofessional...I wanted to be able to make payments from my paypal balance too (Read this was possible but don't see it anywhere). The card doesn't have contactless payment, and can't be added to Apple Pay (likewise, Apple Card can't be added to Paypal....what a bunch of cronies and mouthbreathers...)


My account is 1yr 1mo old and this has never happened. I don't even want to call, in fear they'll close my account lol. 

 

Nonetheless, we are receiving daily reports. Gonna be interesting to see how this incoming $3.5k car repair charge posts Smiley Happy

 

 

Screenshot_20200723-134643.png

EX: 797 F8 - 3 inquiries
EQ: 798 F8 - 2 inquiries
TU: 799 F8 - 7 inquiries

Synchrony PayPal Mastercard Jul 11, 2019 SL: $2k - CCL: $10k
NFCU More Rewards Sep 13, 2019 SL: $1k - CCL: $7k
Synchrony Sam’s Club Mastercard Sep 15, 2019 SL: $1.5k - CCL: $3.5k
American Express EveryDay Preferred Sep 23, 2019 SL: $2k - CCL: $2k
Synchrony Lowes (AU) Nov 20, 2019 SL: $10k - CCL: $10k
TD Bank Target RedCard (AU) Nov 26, 2019 SL: $300 - CCL: $800
NFCU cashRewards Dec 15, 2019 SL: $200 - CCL: $5k
Macy’s Store Card Dec 24, 2019 SL: $500 - CCL: $21.5k
Synchrony Amazon Store Card Dec 24, 2019 SL: $150 - CCL: $1.5k
Synchrony Rakuten Visa Jan 15, 2020 SL: $2k - CCL: $2k
Synchrony CareCredit (AU) Feb 03, 2020 SL: $10k - CCL: $10k
BB&T Bright Aug 27, 2020 SL: $7.5k - CCL: $7.5k
American Express Amazon Business October 10, 2020 SL: $3k - CCL: $3k
Message 17 of 18
Highlighted
Regular Contributor

Re: Why does my PPMC EQ report update daily?


@AddictedToApprovals wrote:

@Credit12Fico wrote:

@AddictedToApprovals wrote:

Not to be sour, but it has indeed updated every single day since i've posted this thread. There is no way in hell I am calling those people lol.

 

#letitendplease


It's weird, but what's also weird is your EQ score isn't changing despite all the balance increases and decreases. Why is that?So they hard pull Transunion to get the card, then try to screw you over on Equifax when you go to Walmart? lol.

 

I knew the chronies were bad, but I'm a 2% junkie...what a mousetrap.. On the bright side, it looks like payments to the card credited the same day? How long have you had the card? I read that the chronies have all kinds of bs controls for new accounts (2-3 months old). Some of the others:

 

1) It can take up to 9 days for a payment to settle to the card (so they won't release your credit line until then...)

2) Pesky fraud locks

 

Have any of these been true for you?

 

Also, why is it so hard to find the statement closing date? Where is it in the app? This is not my daily driver, so not a big deal, but would like better app integration with Paypal. The bootleg portal to Synchrony is a bit unprofessional...I wanted to be able to make payments from my paypal balance too (Read this was possible but don't see it anywhere). The card doesn't have contactless payment, and can't be added to Apple Pay (likewise, Apple Card can't be added to Paypal....what a bunch of cronies and mouthbreathers...)


My account is 1yr 1mo old and this has never happened. I don't even want to call, in fear they'll close my account lol. 

 

Nonetheless, we are receiving daily reports. Gonna be interesting to see how this incoming $3.5k car repair charge posts Smiley Happy

 

 

Screenshot_20200723-134643.png


Indeed. I'm still suspicious of what exactly or how exactly Sync is reporting because as I mentioned, your credit score only changes once a month based on the image you posted above.  You would think the score jumps all over the place daily due to balance increases and decreases. At one point you paid off $352 and the score didn't change which is unfathomable considering the CL is 7K according to your signature. That's a 5% drop in utilization with no change in actual credit score. From June 22nd through July 13th, your Fico 8 has not moved from 742. 

 

I'm a little less worried now. What they are doing seems relatively harmless if it's not actually triggering a daily change in the Fico score.  I was concerned that the Fico scoring model would not take well to daily reporting (could accidentally drive a longterm downward trend) but seems that is not the case. Seems like it's some kind of "soft reporting" akin to "soft pulling".   Maybe other lenders can only see the statement balance?

 

I agree with you though, I wouldn't bother calling in either. Best to be paranoid and avoid any undue attention to the account in these times.

Message 18 of 18
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