Credit Card Reporting

[Anonymous]

When do credit card issuers report to the credit bureaus? Is it after the due date or after your statement cuts? 

[Anonymous]

Typically when statement cuts. 

[UncleB]

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@Anonymous wrote:

Typically when statement cuts. 

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+1

Most all report when the statement cuts.  The main exception that comes to mind is USBank/Elan, which cuts at the first/last day of the month regardless of the statement date. 

Here's a DoC article with more details and nuances (it's from 2015, but at a glance the info still looks good):  https://www.doctorofcredit.com/credit-utilization-reporting-dates-for-each-card-issuer/

[HeavenOhio]

Chase is another one that's different. Like most cards, they'll report the statement balance on the statement date. But they'll also report zero whenever you pay to zero. Also, if your statement cuts with a positive balance and you pay it off right away (on the next business day for sure and maybe on the second business day), they'll bypass reporting the statement balance and go straight to reporting zero.

Chase will also report your balance if you call in and ask them to. Several banks will do this, while others will steadfastly refuse.

Synchrony reports the statement balance on the statement date like most cards. But they've been known to also report a mid-cycle positive balance. Yuck.

[UncleB]

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@HeavenOhio wrote:

Chase is another one that's different. Like most cards, they'll report the statement balance on the statement date. But they'll also report zero whenever you pay to zero. Also, if your statement cuts with a positive balance and you pay it off right away (on the next business day for sure and maybe on the second business day), they'll bypass reporting the statement balance and go straight to reporting zero.

Chase will also report your balance if you call in and ask them to. Several banks will do this, while others will steadfastly refuse.

Synchrony reports the statement balance on the statement date like most cards. But they've been known to also report a mid-cycle positive balance. Yuck.

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Yet another +1. 

[Anonymous]

Thanks. You guys are awesome.