I was approved for my Cap 1 on Apr 3rd and the end of May, around the 23rd, was when it reported to the bureaus. There was almost a two month delay. I would say keep your balance low on the card until your first statement reports to the bureaus. For me, cap1 set a due date, then the Statement date is 3 days after the due date, and it reports (shows the Statement balance) to the credit bureaus 3 days after Statement date. Hope this helps!
I read that too quickly and assumed you meant the account was opened on June 11th. So yes, when was the account opened? You find that out, and it's a month from that date. Usually 30 days from open date. My venture was approved/opened on June 5th. The account states my minimum payment will be calculated after July 5th.
@Anonymous wrote:
Why don't you call cap1 customer service and ask? Just explain it's a new account and you want to know what to expect. They were able to give me the day my statement would cut (and this turned out to be correct), and told me reporting would be 2-3 days after the statement cut (though mine is still a new account, and they typically don't report until after the second statement, so I can't speak to how accurate the 2-3 days is).
Well isn't that great advice! Never occurred to me to call and find out. I have always just waited for the surprise! 