@Anonymous wrote:New card number. Thought I lost the card, but didn't
Well, there is your reason. You effectively closed the other account by calling to report a lost card. They transferred the valid debt from the closed account to the new account, then refreshed the reporting to the bureaus to show the "new" account, probably show the prior account "closed". The banks will do this as a routine step if there is any doubt about the physical location of the card. It prevents fraud possibilities, which is a protection they provide to you.
Your replacement card will probably have the same cycle of reporting, but track that to make sure.
And $109 won't really affect your mortgage app, so I wouldn't sweat it.
They likely will combine the history, to maintain that as an unbroken chain.
What happens here though is that the open balance needs to be moved in their system from the now-closed card to the new account number. I just transitioned a Citi American Airlines card from AA Platinum to the no-AF MilesUp card. They created a new account on my Citi on-line page, and for a time both accounts showed up there with the same balance, as that balance was transferring to the new card.
I have had a Chase Marriott card which had fraud, they issued a new card number, in 2015. I never paid attention to whether they updated a mid-cycle report, even though I had MyFICO monitoring, because it just doesn't affect score that much.
As soon as your next cycle set reports, this will be gone from FICO utilization alltogether.
If your concern is that you aren't exactly on AZEO right now, check your scores. I really doubt they will move more than 5, maybe 10 points at the most.
AZEO is generally oversold as a method of keeping score optimized. The real effect from AZEO is that your utilization is low across all cards, not that only one card is reporting a balance. Adding $100 of utilization to any profile that is more than a $500 card is not likely to move the needle on score, because utilization is still quite low in aggregate.
I just had this same off-cycle reporting happen to me on a 48 dollar balance. I got a fraud alert on the card from them and called to fix it. It was a fraud transaction, so they cancelled that card and issued a new one. Same thing, my normal cycle ends on the 21st, I pay it to zero on the 18th, and it always reports at zero. Fortunately, they didn't include the amount of the fraud transaction in the balance, as it was still pending, and is now gone.
This appears to be their policy now, I don't know about the past.
This happened to me as well. I had a fradualent charge on my Venture card and I immediately called in for a replacement card on July 3rd and today, July 6th, I noticed on my Equifax report they reported my current balance on July 3rd. My statement doesnt end until the 17th and I panicked because I always PIF before the statment cuts....I'm relieved to see that this isn't unusual and it should updated accordingly once my new statment cuts on the 17th
Yep this is just standard operating procedure for almost every lender. It seams like people are confusing account and line of credit. On reports you have listed all of your lines of credit and not accounts. Your account number is always the credit card number. Moving a line of credit to a new account is possible with most lenders. Also lenders are generally happy to patch old account numbers to new ones when it comes to payments but would like it more if you updated your records if you could.
