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High Balance question

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Marcos8
Established Contributor

High Balance question

Is a high balance on a credit report determined by amounts reported at the statement cut time or will a mid cycle high balance that is paid down prior to statement cut time still be reported? Thanks

Message 1 of 9
8 REPLIES 8
ojefferyo
Valued Contributor

Re: High Balance question


@Marcos8 wrote:

Is a high balance on a credit report determined by amounts reported at the statement cut time or will a mid cycle high balance that is paid down prior to statement cut time still be reported? Thanks


Normally it is the highest balance you've ever had on that account. I know for a fact Cap1 Chase and my Bank of America card all report the high balance regardless of what the statement balance is. It is a good thing as it shows other lenders you can pay it back withou issues. 

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa
Message 2 of 9
Anonymous
Not applicable

Re: High Balance question

Cap one reports my high balance, but Discover reports high balance as the highest statement balance that I have ever had.
Message 3 of 9
Thomas_Thumb
Senior Contributor

Re: High Balance question


@Marcos8 wrote:

Is a high balance on a credit report determined by amounts reported at the statement cut time or will a mid cycle high balance that is paid down prior to statement cut time still be reported? Thanks


All the high balances I have listed on my credit reports (for all CRAs) are associated with statement postings for every card. The CRAs all list the same HB values on a per card basis. Many of the HBs shown are from quite a few years back.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 4 of 9
Shann0n_marie
Frequent Contributor

Re: High Balance question

Does anyone know in regards to AMEX?  My current balance on my AMEX PRG is like $1300 and statement closes on the 24th.  I'm trying to decide whether to pay it off now or wait until statement cuts so it will report the high balance as such? (So I can show I have the ability to repay)

 

So, my question is - does AMEX report the highest balance you've had or do they report the statement balance?  Thx!

2/8/19 - CH 7 BK filed
5/15/19 -Discharged
Scores at Discharge: 550 EQ 471 TU 509 EXP (Last Updated 5/11)
5/16/19 - Rebuild Started - App'ed for Credit One - Approved for $2,000 starting line! (Increased to $2200 the following month)
6/7/19 - 606 EQ 544 TU 566 EXP - New CC reported w/ $75 Balance
12/10/19 - 616 EQ 581 TU 592 EXP

8/28/2021 - 698 EQ 670 TU 674EXP
Message 5 of 9
noobody
Established Contributor

Re: High Balance question

Chase report the highest point of my balance.
Charged 9k, pay off before statement cut, still been reported.
EX819 1HP|TU797 1HP| EQ(Fico8 BankCard)841
Message 6 of 9
Shann0n_marie
Frequent Contributor

Re: High Balance question

Thanks noobody.  Smiley Happy  Appreciate your input.  Does anyone have any experience with AMEX doing this?

2/8/19 - CH 7 BK filed
5/15/19 -Discharged
Scores at Discharge: 550 EQ 471 TU 509 EXP (Last Updated 5/11)
5/16/19 - Rebuild Started - App'ed for Credit One - Approved for $2,000 starting line! (Increased to $2200 the following month)
6/7/19 - 606 EQ 544 TU 566 EXP - New CC reported w/ $75 Balance
12/10/19 - 616 EQ 581 TU 592 EXP

8/28/2021 - 698 EQ 670 TU 674EXP
Message 7 of 9
OmarGB9
Community Leader
Super Contributor

Re: High Balance question

Amex reports highest statement balance ever for high balance.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 8 of 9
Shann0n_marie
Frequent Contributor

Re: High Balance question


@OmarGB9 wrote:
Amex reports highest statement balance ever for high balance.

Thanks Omar! Smiley Happy

2/8/19 - CH 7 BK filed
5/15/19 -Discharged
Scores at Discharge: 550 EQ 471 TU 509 EXP (Last Updated 5/11)
5/16/19 - Rebuild Started - App'ed for Credit One - Approved for $2,000 starting line! (Increased to $2200 the following month)
6/7/19 - 606 EQ 544 TU 566 EXP - New CC reported w/ $75 Balance
12/10/19 - 616 EQ 581 TU 592 EXP

8/28/2021 - 698 EQ 670 TU 674EXP
Message 9 of 9
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