Hi, can anyone help me with this: when your credit card reports, is it the balance from your statement? Or the current balance?
I am rebuilding and I paid my balance down, but it is showing a little bit higher balance as the "statement balance" so wondering which one will report?
Mine has always whats been on the balance of the statement. However it could have come through last minute before the 24 hour time frame was up and the statment was sent out? if it was mailed....Its likely the issue.
usually they will report the amount thats on the statement. Not what currently shows in your account. Capital one is like clockwork. They cut your statement then 3 days later they report that amount.
The statement is cut usually 3 days after your due date. Once your new due date appears, you will have known that they old statement cycle has been completed. Of course you can always call/chat with them to get an exact date if you are still unsure.
For hubby and I Synchrony statement cut dates are 8 days after the due date, for 4 of the 6 accounts we have with them (2 haven't generated either yet). I don't know if all Synchrony cards do that though. Just thought I'd mention how it is for us.
It's usually the amount of the statement. That's how I'm able to use my card as much as possible, pay the balance down prior to when the statement cuts, and continue to keep my UTIL low.
