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Speculation: Some Cross Border Banks Report Credit Cards information to Canadian Credit Agencies

Jul 29, 2019
82
8
This is a founding based on our experience and some feedback from other members. [If you have some stories to share, please tell me so I can develop a list of credit cards as a reference for future settlers from the U.S.A.]

We had a Nordstorm credit card issued by TD Bank, a U.S. national bank and subsidiary of the Canadian multinational Toronto-Dominion Bank. We found that our Nordstorm credit card has been indeed reported on our Canadian credit report after address update and in-person ID verification.

Our founding is that some financial institutions that issue U.S. credit Cards, would report the information of your U.S. card to the Canadian credit agencies after your address update.
The list includes but is not limited to:
  • Nordstrom credit cards issued by TD Bank, NA.
  • Macy's credit card
This may be moderately helpful for new settlers from the U.S.: More reportings of credit card information would increase your credit score when you have a very short credit history in Canada. In our case, it is a difference of 30 in the total score.
 
Last edited:

Copingwithlife

Champion Member
Jul 29, 2018
2,115
754
Earth
This is nothing new . I worked for a large US airline for years , and got a credit card thru a US bank connected with the airlines credit union based in Chicago, though i live in Canada . The credit card appeared on my credit report here in Canada , and that was about 25 years ago
 

kast29

Star Member
Jul 24, 2017
109
35
Brazil
Category........
CEC
Yup my US MAcys card was on my Canadian credit report
This is a speculation based on a single incidence. If you have some stories to share, please tell me so I can develop the theory for future settlers from the U.S.A.

We had a Nordstorm credit card issued by TD Bank, a U.S. national bank and subsidiary of the Canadian multinational Toronto-Dominion Bank.

We found that our Nordstorm credit card has been indeed reported on our Canadian credit report after address update and in-person ID verification.

Our speculation is that some Canadian banks that also do credit card business in the U.S., would report the information of your U.S. card to the Canadian credit agencies after address update, at least for some of their credit cards. The list definitely includes Nordstorm credit cards issued by TD Bank, NA.


This may be very helpful for new settlers from the U.S.: More reportings of credit card information would increase your credit score when you have a very short credit history in Canada. In our case, it is a difference of 30 in the total score.
 
Jul 29, 2019
82
8
This is nothing new . I worked for a large US airline for years , and got a credit card thru a US bank connected with the airlines credit union based in Chicago, though i live in Canada . The credit card appeared on my credit report here in Canada , and that was about 25 years ago
Thanks.

I had no idea. TIL