Good morning everyone. Hot on the heals of Citibank’s New Online Bonus Spend Tracker, US Bank has introduced their own spend tracker called ScoreBoard Reporting (sounds like a sports app to me). When you log into your US Bank online account, you will see ScoreBoard Reporting listed beneath every US Bank credit and debit card. I was curious about the new service, so I spent a few minutes playing around with the reporting features.
At the top of page, you can toggle between the Spend and Reports tab. The Spend tab will show you how much you spent per month, quarter, year, or year to date for any given US Bank credit or debit card. For the example below, I am looking at a monthly bar chart of my US Bank FlexPerks Visa Credit Card. The Spending Trend graph shows how much I spent each month. The light blue bars in the background represent spending done last year. The Spending by Merchant graph shows all my spend for a given month was made at Target (Redbird credit card reloads).
I am now looking at an annual report for my US Bank FlexPerks Visa Credit Card. In 2014, I spent $24,705 (barely enough to qualify for the 3,500 FlexPoints anniversary bonus). The Spending by Merchant graph shows all my spend for 2014 occurred at various Target stores around California (Redbird credit card reloads). Each Target store codes as a different merchant with its own color.
Now let’s take a look at my US Bank Club Carlson Personal Credit Card. Looking at the Spending Trend monthly report, the light blue bars in the background show how much I spent last year for any given month.
Switching to an annual report of my US Bank Club Carlson Personal Credit Card shows I spent $20,096 in 2014 (racking up Club Carlson points for the Last Night Free program). In 2015, I have only spent $2,000 total so far.
Moving over to the Reports tab, there are 3 different reporting views: Annual Summary, Industry Summary, and Merchant Summary. With the Annual Summary view, you can view all activity for a single day, week, month, year, or range of dates. Here is the annual summary for my US Bank Club Carlson Personal Credit Card for 2014. It shows how much I spent each month and quarter, along with any fees or returns that were made to the credit card.
Under the purchases section, I can see every single purchase made on the card in 2014 (I shopped at CVS a lot in 2014).
Under the fees section, it shows annual fees, interest fees, and foreign transaction fees (the stupidest fees ever for a travel reward credit card). You can also view all returns and payments made to the credit card.
Switching to the Industry Summary view, you can see all purchases made by each merchant category over the year or individual month. Healthcare Services & Supplies (aka CVS) was my largest shopping category.
Last but not least, we can switch over to the Merchant Summary view. This report shows every merchant I spent money at during 2014. If you shop at 1 particular store (or online store), you will see all purchases for that store combined. If you shop at the same merchant but different stores/locations, you will see those purchases on separate line items.
So what is the point of ScoreBoard Reporting and why should you care? For certain US Bank credit cards (like the FlexPerks Visa and AMEX), you get a 3,500 FlexPoints bonus every year when you spend $24,000. Wouldn’t it be great to just glance at your 2015 annual spending and see where you are at, rather than manually checking all your 2015 statements? This can also be useful for US Bank Cash Plus Credit Cards if you want to see how close you are to maxing out your 5% quarterly cash back categories. Now it will only take you a few seconds to find the answer, rather than a few minutes calculating purchases.
Unfortunately, purchases made before your statement closes will not show up in the ScoreBoard. You must wait until your statement closes to view the activity in your ScoreBoard. Hopefully US Bank adds this feature in a future update.
If you have any questions, please leave a comment below. Have a great day everyone.