Question about balance reported when statement cuts

Autumnslight · ‎07-08-2012

Let's say I have a card with the following:

Limit: $1,000

Posted balance: $200

Pending Charges: $100

Available Credit: $700

If the statement cuts before those pending charges are finalized, will the reported balance be $200 or $300? It seems like it would make sense for the actual posted balance of $200 to be reported, since the pending charges could still change. I've never bothered to check on the timing for pending charges around the statement date though, so I'm not sure.

Scores:
07/29/12: EX FICO (Amex) 684 | EQ MyFICO 631 | TU Walmart 695
Current: EX FICO (lender) 705 | EQ MyFICO 699 | TU Walmart 727

First Goal: 700+ across the board - Got it on EX & TU!!!

Walt_K · ‎11-02-2009

$200. Whatever is printed on your bill is what is going to get reported (for most cards, some report end of month).

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13), TU 98 728 (01/06/12), TU 04 728 (lender pull) (01/12/12), EX 742 (lender pull) (01/12/12)
Goal Score: 720

Take the FICO Fitness Challenge

Razeus · ‎04-02-2012

And the beauty of it is that if your statement cuts today, you can charge something today and you won't have to pay that bill until November's due date.

pozativelyliving · ‎07-13-2012

Razeus wrote:
And the beauty of it is that if your statement cuts today, you can charge something today and you won't have to pay that bill until November's due date.

I plan some purchases to make use of this!

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.

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Question about balance reported when statement cuts

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