Author Topic: Fidelity CC  (Read 28474 times)

Offline doctorofcredit

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Offline noturbizniss

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Re: Fidelity CC
« Reply #81 on: August 08, 2016, 12:41:47 AM »
wow. just got my first statement under the converted card handled by elon financial. With fidelity they were allowing rewards to be redeemed for full value as statement credit. now it is only full value if deposited to fidelity account. otherwise it's 50% value as statement credit. no big deal, just an extra step i guess
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Re: Fidelity CC
« Reply #82 on: August 08, 2016, 10:43:40 AM »
wow. just got my first statement under the converted card handled by elon financial. With fidelity they were allowing rewards to be redeemed for full value as statement credit. now it is only full value if deposited to fidelity account. otherwise it's 50% value as statement credit. no big deal, just an extra step i guess
So now we all need to open Fidelity accounts?
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Offline noturbizniss

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Re: Fidelity CC
« Reply #83 on: September 15, 2016, 02:25:36 PM »
Cross post - but I think this is valuable information

PSA:
Based on the last 2 months of statements, the Fidelity Card that is now provided by Elan Financial Services (US Bank I believe) does NOT report your statement balance to the Credit Bureaus, rather they report the month end balance (or thereabouts).
My statement balance in  August (closing date of 8/7) was $50.00, however my CR (pulled from CK) show a balance of $7,397.  The date on the report shows it was reported on 7/28 (last Thursday of July).
My statement balance in September (closing date 8/7) was zero, however the report shows a balance of 14775 (99% usage) reported as of 8/31. I checked my transactions, and that makes sense. I have made multiple payments through the last 2 months.
I know CK is garbage for score, but it seems to be reliable for report.
When my citi card closes next week I will check Experian website to see what they show.
READ THE DARN WIKI!!!!

Chuck Norris...
...can still do FT method
...READS THE WIKI!!!