Reply
Regular Contributor
Posts: 324
Registered: ‎12-04-2013
0

Question About Discover and Chase Report to 3 CB

Hi guys, I know this might be disccused many times, but I just want a for sure answear. 

Here is my question, will Chase Or Discover report account balance and utilization in the middle of a billing cyle? I am new to credit wolrd, so my CHASE FREEDOM and DISCOVER IT only have 600 and 500 dollars, I charged almost all to full by purchasing Amazon gift card for a camera, and I pay those transactions all in full as soon as I can pay them. But there are still maybe 1 or 2 day pending period that I can not do anything but leave my utilization almost 100, will chase or discover report it?

 

 

Frequent Contributor
Posts: 264
Registered: ‎09-23-2013
0

Re: Question About Discover and Chase Report to 3 CB

[ Edited ]

DavidZeng wrote:

Hi guys, I know this might be disccused many times, but I just want a for sure answear. 

Here is my question, will Chase Or Discover report account balance and utilization in the middle of a billing cyle? I am new to credit wolrd, so my CHASE FREEDOM and DISCOVER IT only have 600 and 500 dollars, I charged almost all to full by purchasing Amazon gift card for a camera, and I pay those transactions all in full as soon as I can pay them. But there are still maybe 1 or 2 day pending period that I can not do anything but leave my utilization almost 100, will chase or discover report it?

 

 


All CCC's will only report whatever is outstanding on the day your statement cuts, everything in between is unknown not calculated into your score. I would PIF early, or push the payment if you're not able to do so via the CC website.

 

EDIT: A "High Balance", as in the highest balance reached during that statement period, whether it be for a day or a week, is reported. But, its not factored into your FICO score.



Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.