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Regular Contributor
DavidZeng
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?

 

 

Regular Contributor
ksantangelo23
Posts: 140
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.

AMEX BCP $8,700 | Capital One QS: $6,500 | AMEX Surpass: $5,000 | Discover: $2,500 | Chase Freedom: $2,000 | PNC Points (AU) $17,500 | PNC Everyday (AU):$12,000 | Fidelity Investments (AU): $9,500 | JCP (AU) $5,000 | Auto Loan: $9600/$10500 (5 YR). CC Utilization: 1%
Discover (TU) FICO: 755 | FAKO: 796

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