They report balances immediately now?

[professorr]

Do when did banks start reporting balances almost immediately? What happened with waiting until the statement was mailed and payment made ?

Comenity sportsman / vitacost that I got 10 days ago already show balances on my credit report. Hell the month hadn't even ended.

Fo sll banks don't his now? That's s real bitch for those looking to do Apporamas or moving balances around. Not that I am but I was that person 9 years ago .

[topa]

I don't think the banks report daily - that's not feasible. They would have to spend huge amounts of resources to do that.

What could have happend in your scenario is that you received that:

1) you received the credit card a few days ago

2) you used it immediately, accumulating a balance

3) it was time for your creditor to report to the bureau

4) the balance shows up on your report

I think you may have experienced a timing issue.

[professorr]

I'm sure it's a timing thing, but how can it be considered a. "Balance " if you haven't even had a chance to pay it off. It would make ratios look bad against you.

[Gunnar419]

I've had GE cards do this. They reported when the cards were opened, then reported again immediately after the first use. After that, they settled down into regular, once-a-month routine. I don't know about Commenity, but it could be something like that.