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Lenders can choose whether they report information to the credit bureaus, which bureaus they report to, and what information they report.
Does U.S. Bank report to the 3 major credit bureaus?
Yes, U.S. Bank reports to the three major credit bureaus:
When does U.S. Bank report to the credit bureaus?
U.S. Bank reports to the credit bureaus within the last week of the calendar month.
Your statement closing date is the final day of your credit card billing cycle. To find your statement closing date, you can:
- Check your credit card statement.
- View your billing cycle information in your online account.
- Call the number on the back of your credit card and ask a customer service representative.
How often does U.S. Bank report to the credit bureaus?
U.S. Bank reports to Experian and TransUnion every month. They report to Equifax every 2 to 3 months.
What information does U.S. Bank report to the credit bureaus?
U.S. Bank reports the following details to the credit bureaus:
- Account status
- Payment history
- Past due amounts
How to build credit with a U.S. Bank credit card
To build credit with your U.S. Bank credit card:
- Use your card regularly: Using your U.S. Bank card responsibly each month gives U.S. Bank positive marks to report to the credit bureaus. If you have a low credit limit or worry about being able to pay your credit card bill, charge a small recurring purchase to the card (like your Netflix or Amazon subscription).
- Use less than 30% of your credit limit: An important factor in determining your credit score is your credit utilization rate, which is how much of your total credit you’re using. You want this number low, so try to only use less than 30% of your credit limit, or less than 10% for an even better rate.
- Pay your bill on time: The most important part of building credit and raising your credit score is making on-time payments to your U.S. Bank account. When you pay your credit card bill also matters if you’re trying to raise your score. Pay your credit card bill in full by the due date, and pay down most of it by the statement closing date (since that’s when U.S. Bank reports your account standing) to maximize positive reporting.
- Keep your account open: The length of your credit history also contributes to your credit score, so keep your U.S. Bank credit card account open to increase your average credit age.