Is a Negative Balance of URs Possible?
Oct 31, 2018, 8:36 pm
#16
Join Date: Sep 2011
Posts: 1,857
PointsYak, wishing you and MrsRNE a very Happy Anniversary!
.
Nov 26, 2018, 10:12 am
#21
Original Poster
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
RNE, not concerned, merely amused at how negative events seem to have immediate effect (not necessarily after a statement's monthly closing) whereas ameliorating ones don't.
Nov 26, 2018, 2:52 pm
#22
Join Date: Sep 2011
Posts: 1,857
Actually, Credit Karma insists that you were using 74% of your CL on that card on the day that they pulled your data. There is some expected time lag between statement closing, bank reporting to CRAs, and CK pulling the updated report.
Nov 26, 2018, 5:23 pm
#23
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
Nov 27, 2018, 6:09 am
#24
Join Date: Sep 2011
Posts: 1,857
Chase reports your statement closing balance each month. In addition to that, if at any time you pay your current balance down to $0, Chase will report this as a "paid tradeline" to the CRAs.
Nov 27, 2018, 2:48 pm
#25
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
Yes. This is regular way for me. By the time I pay my statement balance on the due date, I have many current charges that won't be due until the next statement due date.
Chase reports your statement closing balance each month. In addition to that, if at any time you pay your current balance down to $0, Chase will report this as a "paid tradeline" to the CRAs.
Chase reports your statement closing balance each month. In addition to that, if at any time you pay your current balance down to $0, Chase will report this as a "paid tradeline" to the CRAs.
Dec 2, 2018, 9:53 am
#26
Original Poster
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
Credit Karma just notified me, "We have good news! Your TransUnion credit score went up."
Indeed, it did. Up 67 points to a more customary 814.
RNE, questioning if it's really useful to creditors to have a customer's score swing down and back up that much in that short a span: a month or so? After all, I have 40 years of perfect credit history (two credit card accounts that have been open for 3 decades!) and I'm debt free, except for routine credit card charges that are paid in full every month. Surely, an algorithm can be made to reason thusly: Hey, RNE just made a large purchase, but he's always paid his debts so I'm not going to fly off the handle and push his score down from 'excellent' to 'good' simply because of that blip. Instead, I'll wait a month and see if this handsome guy pays it off (as I know he always has) and only have a cow if that payoff doesn't happen.
Indeed, it did. Up 67 points to a more customary 814.
RNE, questioning if it's really useful to creditors to have a customer's score swing down and back up that much in that short a span: a month or so? After all, I have 40 years of perfect credit history (two credit card accounts that have been open for 3 decades!) and I'm debt free, except for routine credit card charges that are paid in full every month. Surely, an algorithm can be made to reason thusly: Hey, RNE just made a large purchase, but he's always paid his debts so I'm not going to fly off the handle and push his score down from 'excellent' to 'good' simply because of that blip. Instead, I'll wait a month and see if this handsome guy pays it off (as I know he always has) and only have a cow if that payoff doesn't happen.
Dec 3, 2018, 7:36 am
#27
Join Date: Sep 2011
Posts: 1,857
Of course it's not useful, especially since the big banks don't use VantageScores to make credit decisions. You should ignore these scores as well.
Dec 15, 2020, 11:33 am
#28
Join Date: Mar 2013
Posts: 363
I got a ---Minus 12,000 points on my Chase Sapphire Reserve card
I bought tickets to travel...and everything ended up being cancelled and got my credit card charges reversed.
Now I got a minus 12K to the card. How long will Chase keep that miles reversal balance ?
I have other Chase/United cards that I can use. Any help will be appreciated.
Keller281
Now I got a minus 12K to the card. How long will Chase keep that miles reversal balance ?
I have other Chase/United cards that I can use. Any help will be appreciated.
Keller281
Last edited by WineCountryUA; Dec 15, 2020 at 12:09 pm Reason: moved to Chase forum
Dec 15, 2020, 4:52 pm
#29
Join Date: Nov 2011
Location: Virginia
Programs: HHonors Gold, IHG Platinum, Marriott nobody
Posts: 470
What happened to the original UR points you earned when you bought the cancelled ticket? If you used those points or transferred those points out, that is the reason you have negative points. You owe Chase those points.
Chase does not give miles, only UR points.
Chase does not give miles, only UR points.