@Anonymous wrote:
Yeah it reports the balance from the last business day of the month.
I can't believe that I've never noticed that before! After all, I've had the cards for 18 months now.
Synchrony is giving me fits now because they are randomly updating mid-cycle. I had my Amazon card paid off 2 weeks ago. Then got an alert that my CC balance had significantly increased. The bill isn't due for another 2 weeks.
I did cancel my Sams Sync card and not sure if while reporting that closed, they pushed an update for everything. I realize it is like water weight fluctuation on the scale... but it is still annoying!
@designated_knitter wrote:
@Anonymous wrote:
Yeah it reports the balance from the last business day of the month.I can't believe that I've never noticed that before! After all, I've had the cards for 18 months now.
Synchrony is giving me fits now because they are randomly updating mid-cycle. I had my Amazon card paid off 2 weeks ago. Then got an alert that my CC balance had significantly increased. The bill isn't due for another 2 weeks.
I did cancel my Sams Sync card and not sure if while reporting that closed, they pushed an update for everything. I realize it is like water weight fluctuation on the scale... but it is still annoying!
@designated_knitter Yeah, got an Amazon Prime card 11/16 and it confused the heck out of me. Not sure but I've noticed the last 2 months that it seems to update on the 16th and 31st. Paid off a balance around the 5th, did not report $0 until the 16th. Prior month before realizing this since it reported as of the last day of the month, had a balance hit around the 8th and it reported on the 16th, paid off same day and reported $0 on the 31st.
@blindambition, I was caught off guard when C1 changed their reporting too. I have a due date of the 20th on C1 and it always reported balance as of the 23rd for the past few years after a change back then and now it reports as of the 26th or 27th. Per CSR they changed it to a 30 or 31 day reporting cycle which is why close dates changed and may be the 26th or 27th. I guess I will what February brings with a 30/31 days cycle now.
@Anonymous wrote:Those with USB cards, are you able to modify your statement closing date to align it better with the end of the month?
I only know about options for payment due date. Use to be the 20th, then I changed to the 24th. It took me a while, years ago to find out that the balance report date is the last business day of the month and not statement cut date. Then changed my due date to the 28th which at the time was the latest option. Should that be a business day issue like February possibly, I pay before then.
Edit: Statement close date is not the issue. Balance reported is as of the last business day of the month no matter what.
@Anonymous wrote:Yes, I understand that the last day of the month is what matters. It would just seem easier to me to have the payment due date / statement cut date land somewhere in that vacinity as well, just to simplify things and allow the card to behave more like most other cards. I just want sure if such modifications could be made on a USB account, as I don't have one yet. Planning to though relatively soon.
Gotcha. Just wanted to distinguish between due date and statement cut date because based on my late due date of the 28th my close date is after the 1st of the new month but balance reported is before the close/statement date. Even if I charged an item on the 1st or 2nd and my statement cut date was the 3rd, if it was $0 on the last business day of the previous month, that is what reports.