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Santander changed reporting date on MC

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SouthJamaica
Mega Contributor

Santander changed reporting date on MC

If you have a Santander Bank credit card, and are the type of person who likes to micromanage utilization and account balances, watch out. My Mastercard always reported the statement balance; all of a sudden Santander reported the end of month balance instead.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




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heyryan
Frequent Contributor

Re: Santander changed reporting date on MC


@SouthJamaica wrote:

If you have a Santander Bank credit card, and are the type of person who likes to micromanage utilization and account balances, watch out. My Mastercard always reported the statement balance; all of a sudden Santander reported the end of month balance instead.


I wonder if this is related to their recent issues regarding miscalculation of interest? Maybe it was a bigger issue than first reported...

https://www.masslive.com/business/2019/04/santander-suspends-issuing-new-credit-cards-due-to-overcha...

 

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Message 2 of 3
SouthJamaica
Mega Contributor

Re: Santander changed reporting date on MC


@heyryan wrote:

@SouthJamaica wrote:

If you have a Santander Bank credit card, and are the type of person who likes to micromanage utilization and account balances, watch out. My Mastercard always reported the statement balance; all of a sudden Santander reported the end of month balance instead.


I wonder if this is related to their recent issues regarding miscalculation of interest? Maybe it was a bigger issue than first reported...

https://www.masslive.com/business/2019/04/santander-suspends-issuing-new-credit-cards-due-to-overcha...

 


That thought crossed my mind as well.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 3
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