ODD Question: When does CapOne report?

[Anonymous]

Usually, my Statement is cut on the 16th of the month and it is updated that day. This Month, the 16th is a Saturday.

I don't want my UTIL to be messed up if I use the card before it posts. 

Thanks,

Solo

[Anonymous]

Don't worry about when it reports. If your statement date is the 16th then you can use it on the 17th with no issues.

[Anonymous]

Once statement cuts, it should report in the next few days.  Any charges made after statement cycle closes will post on your next statement.

[Anonymous]

So if your statement date is X and you PIF on X and the following day run a few thousand dollars up on your card and 2-3 days after that the credit card company reports, they'll 100% report the 0 balance from X date and nothing made the following day? 

I feel like I've done something similar to what I've illustrated above and weeks later saw that a balance was reported on one of my cards in the past.  Maybe I'm mistaken as I've never watched my reported balances in the past nearly as keenly as I do now... but is there ever a chance or instances where credit card companies "mess up" and report a balance that shouldn't have been reported due to the statement date ending?

[takeshi74]

When the statement closes the statement closes.  The statement balance is reported.

That said, there have been a few instances where those have charged something the day after and had it included in the statement cycle but that seems to be unusual.

Either way, it's no big deal.  A short term increase in revolving utilization isn't likely to be a problem and you can reduce it next cycle.