topic Re: BARCLAY'S VISA Reporting Question ? in Credit Cards

BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 19:35:56 GMT

Hello all! I was recently approved for the BARCLAY VISA with APPLE REWARDS, on 12/26 after a recon! Well, actually more like 5 recons ! :-) My score is under 600, but I have a lengthy credit history and they liked all my recent positives with new credit and auto loan history. The things drudging down my score are very old (5-7 years) collections, many due to fall off this summer. Anyway, I got a $700 line -- low, but a start. My question is: When will they report to CRAs? My first due date is not until 2/21/15, but will they report in January when my statement closes on 1/24 ?? I've gotten so many different answers. My balance now is $570, and I do not want it reporting that high of UTIL -- so should I pay before 1/24, or will they not report until February after first due date ? I am confused ! I have already made one payment of $125 so far.

Any information would be greatly appreciated! I am loving BARCLAYCARD so far, but have read some horror stories about AA, so wish to stear clear of that. Thank you !

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 19:38:00 GMT

Most get reported from the statement date. I would pay the majority of the balance off a few days before statement date and leave 1-9% util left over for when the statement closes.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 19:40:19 GMT

So in other words pay as much as I can BEFORE 1/24 ? So it WILL report this month even though my first due date is not until 2/24 ? Because I would like to keep UTIL under 35% at least.. The CA at BARCLAY said they do like to see some util. on report, so going too low isnt too good either I reckon ?

Re: BARCLAY'S VISA Reporting Question ?

gdale6 — Sun, 11 Jan 2015 19:45:33 GMT

Barclays reports within a few days of your statement being cut and they report the statement balance so pay your account down to whatever percentage of the CL you want to report on or before your statement cycle date.

As far as the AA its way overblown, I would not even worry about it unless you are oepning a lot of cards or run up some large balances,.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 19:44:03 GMT

Yes it has nothing to do with your due date. The date the statement closes is the "snapshot" that gets sent over to the CRAs. So pay as much as you can before 1/34 and leave 1-9% left over. Make sure to pay the rest before the due date of 2/24. I usually make the payment the day after the statement closes. So in your example, the 25th of January rather than waiting til the actual due date. The last part has no effect on the reporting however. I just like to pay it off asap.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 19:59:41 GMT

OP my Barclay's card reported about 3 -4 days after approval. Then just about a week later my 1st statement closed, which was on the 3rd.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 20:08:02 GMT

Hey all!! Thank you for the rapid replies !! Can someone just clear this up -- since my statement closes on 1/24, should I pay it down BEFORE the 24th (say on 1/20) or AFTER the 24th, such as 1/25 or 1/26. I want to make sure it reports lower UTIL. My other card is a Credit One Card, limit $400, util about 20%. They seem to be CLI me each month about $100 !

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 20:26:59 GMT

I always pay down my cards to the desired utilization approx a week b4 the statement closes. In your case I would pay it down by Friday the16th, giving it time to post. You can actually pay your balance down on the 19th if you like. Its up to you.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 20:59:43 GMT

@Anonymous wrote:
Hello all! I was recently approved for the BARCLAY VISA with APPLE REWARDS, on 12/26 after a recon! Well, actually more like 5 recons ! :-) My score is under 600, but I have a lengthy credit history and they liked all my recent positives with new credit and auto loan history. The things drudging down my score are very old (5-7 years) collections, many due to fall off this summer. Anyway, I got a $700 line -- low, but a start. My question is: When will they report to CRAs? My first due date is not until 2/21/15, but will they report in January when my statement closes on 1/24 ?? I've gotten so many different answers. My balance now is $570, and I do not want it reporting that high of UTIL -- so should I pay before 1/24, or will they not report until February after first due date ? I am confused ! I have already made one payment of $125 so far.

Any information would be greatly appreciated! I am loving BARCLAYCARD so far, but have read some horror stories about AA, so wish to stear clear of that. Thank you !

First of all congratulations on your approval!!

Do know that most people that has a Barclay's credit card in their wallet don't get "AA"s, even on this forum it's a very small population (and the people on this forum general has way more credit cards than the general population). Me myself got like 9-10 new accounts (half inquiries on EX other half on TU*, clean EQ) within 3 months after getting the arrival+, and also, I swiped them very aggressively (>80% utilization total overall) and I see no AA on my accounts. And my credit history (not considering being an AU on my mom's centurion) is only like 5 years.

*Also noticed that Barclay's soft pulled my EX & TU report almost every month but no EQ.

Barclay's report your account to credit bureaus very quickly (for me that was 2-3 days) after approval. Applies both to my BN card and Arrival+ that I had.

Also, I did noticed that Barclay will always report my statement balance regardless of the real time balance (aka the time that they sent the information to the credit bureaus about my balances). One time I tried (for science?) to paid the entire balance off the day of the statement - then I saw my balance on the credit report, reported about 6 days after statement cut (which has a real time balance of zero)

Re: BARCLAY'S VISA Reporting Question ?

taxi818 — Sun, 11 Jan 2015 21:05:47 GMT

@Anonymous wrote:
Hello all! I was recently approved for the BARCLAY VISA with APPLE REWARDS, on 12/26 after a recon! Well, actually more like 5 recons ! :-) My score is under 600, but I have a lengthy credit history and they liked all my recent positives with new credit and auto loan history. The things drudging down my score are very old (5-7 years) collections, many due to fall off this summer. Anyway, I got a $700 line -- low, but a start. My question is: When will they report to CRAs? My first due date is not until 2/21/15, but will they report in January when my statement closes on 1/24 ?? I've gotten so many different answers. My balance now is $570, and I do not want it reporting that high of UTIL -- so should I pay before 1/24, or will they not report until February after first due date ? I am confused ! I have already made one payment of $125 so far.

Any information would be greatly appreciated! I am loving BARCLAYCARD so far, but have read some horror stories about AA, so wish to stear clear of that. Thank you !

ok. i guess you have not been monitoring your credit report. 99.9% of the time. barclays already reported. it generally in 48 hours. the first report. then after. 3 days after due date. so if you due date is 2-21-15, the statement date will be 2-24-15 i have the same card. so that is the real deal. you were first reported upon approval.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 21:08:03 GMT

You guys all rock! I will be paying down my balance around 1/16 to make sure it posts by the statement cut date, which I now can't recall if she said 1/21 or 1/24 -- either way ,better to pay it early. After it cuts, I will charge up again and try to PIF or close to it, leaving under 15% UTIL for FEB. My goal is to have my CL increased to $1500 by April-May, and to $3000 or more by end of 2015. I really hope I can achieve that...my Credit one account should be at around $1,000 by summer if all keeps trending the way it has.

Any other tips would be great...I am GARDENING, as they say. The AA Stories scared the rump outta me with Barclays !!!

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 21:10:26 GMT

@taxi -- Yes I do see that report, when I opened it .. but are you saying they wont report again until February? From what i gather here they are saying they will report after 1/21 when statement closes, even though FIRST due date is not until 2/21

Re: BARCLAY'S VISA Reporting Question ?

taxi818 — Sun, 11 Jan 2015 22:00:18 GMT

@Anonymous wrote:
@taxi -- Yes I do see that report, when I opened it .. but are you saying they wont report again until February? From what i gather here they are saying they will report after 1/21 when statement closes, even though FIRST due date is not until 2/21

Yes. if your due date is 1-21 it will be 3 days after that. so on 1-24 it will report again. iirc. the first time they reported. i had not even paid my first bill. so i was in the hole already for about 500 dollars. so far ive only had my card 4 months. i got a 1500 increase last week. from 2k to 3500. but they did a hp . it is a good card. to get in with barclays. i think i will keep it and in june go for another barclays card like the us air. so you are good to go.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 22:17:25 GMT

My first due date is not until 2/21 -- but you're telling me it will report this month regardless ? So then for sure I will be paying it down prior to 1/21 as stated!! I really hope if I do this each month for the next 4-6 months they will up my limit !

Re: BARCLAY'S VISA Reporting Question ?

taxi818 — Sun, 11 Jan 2015 22:21:04 GMT

ok . i understand now. so they reported the moment you got the card within a couple of days. but your actual first due date is 2-21. then i was correct the first time. they will not report again. until after that first due date. the fact you got the due date says it all.

so yes. when i got card. i was reported within 48 hours. then i got a due date about 6 weeks later. and that was the second time they reported. and have reported every month since. on that date.

Re: BARCLAY'S VISA Reporting Question ?

Anonymous — Sun, 11 Jan 2015 22:25:56 GMT

There is no specific statement closing date according to Barclay's. Your due date in your case every month is 21st. Your statement ALWAYS closes 3 days after your due date, around 24th or 25th. The next time it will up date to your report should be within 24hrs 48hrs. after the statement closes. At least thats the way mines report.

Re: BARCLAY'S VISA Reporting Question ?

chwebb1 — Tue, 13 Jan 2015 08:43:53 GMT

@Anonymous wrote:
@Anonymous wrote:
Hello all! I was recently approved for the BARCLAY VISA with APPLE REWARDS, on 12/26 after a recon! Well, actually more like 5 recons ! :-) My score is under 600, but I have a lengthy credit history and they liked all my recent positives with new credit and auto loan history. The things drudging down my score are very old (5-7 years) collections, many due to fall off this summer. Anyway, I got a $700 line -- low, but a start. My question is: When will they report to CRAs? My first due date is not until 2/21/15, but will they report in January when my statement closes on 1/24 ?? I've gotten so many different answers. My balance now is $570, and I do not want it reporting that high of UTIL -- so should I pay before 1/24, or will they not report until February after first due date ? I am confused ! I have already made one payment of $125 so far.

Any information would be greatly appreciated! I am loving BARCLAYCARD so far, but have read some horror stories about AA, so wish to stear clear of that. Thank you !
First of all congratulations on your approval!!

Do know that most people that has a Barclay's credit card in their wallet don't get "AA"s, even on this forum it's a very small population (and the people on this forum general has way more credit cards than the general population). Me myself got like 9-10 new accounts (half inquiries on EX other half on TU*, clean EQ) within 3 months after getting the arrival+, and also, I swiped them very aggressively (>80% utilization total overall) and I see no AA on my accounts. And my credit history (not considering being an AU on my mom's centurion) is only like 5 years.

*Also noticed that Barclay's soft pulled my EX & TU report almost every month but no EQ.

Barclay's report your account to credit bureaus very quickly (for me that was 2-3 days) after approval. Applies both to my BN card and Arrival+ that I had.

Also, I did noticed that Barclay will always report my statement balance regardless of the real time balance (aka the time that they sent the information to the credit bureaus about my balances). One time I tried (for science?) to paid the entire balance off the day of the statement - then I saw my balance on the credit report, reported about 6 days after statement cut (which has a real time balance of zero)

+1 about the AA. I've had them since June 2013 (the Ring), and I've never gotten AA from them. As long as you use the card responsibly (pay on time, don't get huge balances, etc), I doubt that you'll see any AA.

As far as reporting, it should report your inital limit within a few days of being approved (before you receive your card). If you want low UTIL, pay before 21 January (statement closing date). They always report your statement balance (or at least they always have for me).