All Cards Reporting Zero Balance -- Update on FICO Score Changes

[CH-7-Mission-Accomplished]

I had a $252 balance on my BofA card (5K limit) that reported a zero balance through a messup on my part.   I posted the other day that Experian dropped 17 points (they were already my lowest score and I hate them).   There were no other changes in my reports.

So now myFICO has updated all three CRA's to show all cards at a zero balance.   Impact to FICO 8 scores:

EX - Down 17

EQ - Down 13

TU - Down 2

I have a $1 balance that will report to my Discover card on 7/18 so I will update as far as whether I get back all the points right away.   Crazy how much different the impact can be between credit bureaus.

[CramEiko]

So theres that right? I almost always report 0% and my mid score is about a 770 at the moment. So last month I wasn't watching as close and let a $61 balance hit my AMEX charge card (PRG). My scores on dropped on average 10 points. I also saw a notice on one of my monitoring accounts fico scores this past week that after about 3 years of pretty much consistantly reporting 0% I wasn't showing much revolving credit. For me, I rotate every card in 1-2 month cycles for usage and statement cut dates.

Going back to that $61 PRG that reported on my statement, at least one of my monitoring accounts fico score went up just slightly. Maybe because of the card type and that it may or may not show as a regular credit card and more like a loan of some sorts?

Signed, 

Still Conphused..... ha ha

[Anonymous]

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@CH-7-Mission-Accomplished

I have a $1 balance that will report to my Discover card on 7/18 so I will update as far as whether I get back all the points right away.  

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Just a FYI, Discover will not report a $1 balance (or a $2 balance).  If your statement balance is $2.99 or less, Discover will report it as $0.  $3 is the lowest balance that Discover will report. 

If you'd like discover to report a non-zero balance quicker than waiting until 8/18, simply make another small swipe on the card to bring your posted balance to $3.00 or greater, then hit them up through chat and ask for an "off-cycle reporting" and Discover will report your new balance right away; Usually you'll see it on your CRs within a day or two.

[CH-7-Mission-Accomplished]

Hey BBS,

THANKS so much for this.   I had forgotten Discover's policy on balances under $3.   I just bought something on Amazon that should clear well before the 18th cycle date.   Thanks again!

[Anonymous]

Absolutely!  Hopefully it posts in time and you're all good.  In the event that it doesn't make it, you can always roll with the off-cycle reporting a few days later. 

[tooleman694]

So what happened.