@Anonymous wrote:This morning I logged in to check my Experian score (which I get updates on almost daily). After about 14 days of literally no change (was at 775 every day), this morning I saw a 37 point increase to 812.
Naturally I wanted to see how this could have possibly happened. So I dug into the details of my credit report. As it turns out, I recently did a BT from one of my cards to another. The BT completed about 4 days ago, but for whatever reason the Experian report is showing a $0 balance on both cards (the one where the balance was, and the one I transfered the balance to).
I guess when Experian looked at my profile to determine my score, that snapshot in time must have caught some weird limbo state where the balance was not being reported anywhere!
Anyways, wanted to share this experience with the community to see if anyone has anything to say about this. I fully expect my credit score to drop back down again when the BT balance actually reports on one of my cards.
Out of curiosity what was the balance / CL on the card before the BT, and what are your aggregate revolving credit limits?
Nice bump if only temporary, but eventually you'll pay the BT off and have something to look forward to haha.
When your Discover statement prints, perhaps in the next few days or weeks, that is the time when the effect of the BT will show up on that card.
The fact that Discover shows that on your on-line account, that Discover knows you owe that to them, has no bearing on the timing of when EX or any other credit bureau gets that information. Only after Discover prints your next statement, and Discover sends their data file to EX, TU and EQ, THEN you will see the effect on your EX score.
@Anonymous wrote:This morning I logged in to check my Experian score (which I get updates on almost daily). After about 14 days of literally no change (was at 775 every day), this morning I saw a 37 point increase to 812.
Naturally I wanted to see how this could have possibly happened. So I dug into the details of my credit report. As it turns out, I recently did a BT from one of my cards to another. The BT completed about 4 days ago, but for whatever reason the Experian report is showing a $0 balance on both cards (the one where the balance was, and the one I transfered the balance to).
I guess when Experian looked at my profile to determine my score, that snapshot in time must have caught some weird limbo state where the balance was not being reported anywhere!
Anyways, wanted to share this experience with the community to see if anyone has anything to say about this. I fully expect my credit score to drop back down again when the BT balance actually reports on one of my cards.
Quick! App AMEX before the BT reports! 
@Anonymous wrote:
@Anonymous wrote:This morning I logged in to check my Experian score (which I get updates on almost daily). After about 14 days of literally no change (was at 775 every day), this morning I saw a 37 point increase to 812.
Naturally I wanted to see how this could have possibly happened. So I dug into the details of my credit report. As it turns out, I recently did a BT from one of my cards to another. The BT completed about 4 days ago, but for whatever reason the Experian report is showing a $0 balance on both cards (the one where the balance was, and the one I transfered the balance to).
I guess when Experian looked at my profile to determine my score, that snapshot in time must have caught some weird limbo state where the balance was not being reported anywhere!
Anyways, wanted to share this experience with the community to see if anyone has anything to say about this. I fully expect my credit score to drop back down again when the BT balance actually reports on one of my cards.
Quick! App AMEX before the BT reports!
Funny you should mention that! I actually did app and was approved for an Amex BCE a few weeks ago, but that card hasn't appeared on my CR yet. There's actually about to be a flurry of new activity on my CR:
1. New Amex card at $10k CL. This will have a positive impact on my UTI by reducing it to about 15% when the BT posts.
2. New auto loan at $30k. I have no idea how new loans factor into my credit score, aside from AAoA.
3. AAoA will probably go from 4 years to 3 years due to the new Amex and the new auto loan. Update: Actually tomorrow is May, so my AAoA decrease probably won't have any score impact. As I understand it, from a scoring standpoint, 4 years 8 months is the same as 4 years 1 month.
4. Recently closed auto lease that showed closed but with a balance due. I paid off this balance a few days ago, so balance should go to $0 soon. Not sure if this actually has any impact on my credit score or not.
So yeah, it will be interesting to see what the net effect of all this is.
I thought about using the opportunity to apply for another card, but really the only one I want is the Chase CSR, butI currently don't have the spend ability to get the bonus, so I'm going to wait.