topic Re: Chase Mid Cycle Reporting in Credit Cards

Chase Mid Cycle Reporting

Marcos8 — Sun, 31 May 2015 00:31:16 GMT

I've read that if I pay my Chase CC to zero they will automatically update to the bureaus. But is there a certain time I should leave the account at zero balance to ensure they update before I can use it again? Thanks

Re: Chase Mid Cycle Reporting

Anonymous — Sun, 31 May 2015 00:34:46 GMT

@Marcos8 wrote:
I've read that if I pay my Chase CC to zero they will automatically update to the bureaus. But is there a certain time I should leave the account at zero balance to ensure they update before I can use it again? Thanks

Anytime you pay it off, it will update it. Happen to me many times. No particular time as long as payment post you will have it reported.

Re: Chase Mid Cycle Reporting

jamesdwi — Sun, 31 May 2015 00:35:02 GMT

Yes they do mid-cycle reporting if you PIF, you can leave it clear for 24 hours and it should be enough, and most things don't post imediately and pending charges aren't reflected in your reported balance.

Re: Chase Mid Cycle Reporting

Anonymous — Sun, 31 May 2015 01:22:15 GMT

@jamesdwi wrote:
Yes they do mid-cycle reporting if you PIF, you can leave it clear for 24 hours and it should be enough, and most things don't post imediately and pending charges aren't reflected in your reported balance.

Really?!?! Lemme head over and pay my bill right now! You guys are a wealth of information for a bad credit recoverer!

Re: Chase Mid Cycle Reporting

revjamesl — Sun, 31 May 2015 01:31:54 GMT

Great thing to know. Thanks for the heads up, y'all.

Re: Chase Mid Cycle Reporting

too-much-time — Sun, 31 May 2015 02:16:14 GMT

@Anonymous wrote:

Anytme you pay it off, it will update it. Happen to me many times. No particular time as long as payment post you will have it reported.

So if you zero the balance, charge something and zero it again within the same billing cycle, it'll get reported both times?

Re: Chase Mid Cycle Reporting

Anonymous — Sun, 31 May 2015 02:34:02 GMT

@revjamesl wrote:
Great thing to know. Thanks for the heads up, y'all.

You are welcome!! I really love that about Chase-

Re: Chase Mid Cycle Reporting

Anonymous — Sun, 31 May 2015 13:22:05 GMT

I let a blance report quite a bit with my CSP, then PIF within a few days. It always reports when it gets to $0, and shows the bigger payment amount (rather than several smaller payments like I do on cards that don't automatically mid-cycle update).

Re: Chase Mid Cycle Reporting

Anonymous — Sun, 31 May 2015 17:49:34 GMT

It won't show a "green box" you know the one you get every month for paying on time . It'll just updated the balance to zero .

Re: Chase Mid Cycle Reporting

Anonymous — Thu, 25 Jun 2015 03:30:18 GMT

Is this for Chase exclusive or all cobranded cards too? Not sure if my IHG card is changing to $0. But then again CK is slow.

Re: Chase Mid Cycle Reporting

Anonymous — Thu, 25 Jun 2015 05:03:47 GMT

My Marriott did it, so I'd assume all Chase cards, co-branded or their core cards.

Re: Chase Mid Cycle Reporting

Anonymous — Thu, 25 Jun 2015 11:44:19 GMT

Could someone please explain the significance of mid-cycle reporting and why we're all giddily gleeful about it?

(The better question: how do we game this to our explicit advantage?)

And in terms of scoring for your credit profile, is it better to have that little green box or to have a balance reported as zero? So if I have a card and I'm only planning to put a fiddy-cent Amazon gift certificate on it every six months, I'll only have two green boxes for the year?

Re: Chase Mid Cycle Reporting

Anonymous — Thu, 25 Jun 2015 11:51:43 GMT

@Anonymous wrote:
Could someone please explain the significance of mid-cycle reporting and why we're all giddily gleeful about it?

(The better question: how do we game this to our explicit advantage?)

And in terms of scoring for your credit profile, is it better to have that little green box or to have a balance reported as zero? So if I have a card and I'm only planning to put a fiddy-cent Amazon gift certificate on it every six months, I'll only have two green boxes for the year?

The only reason to care about mid cycle reporting is if you closely monitor your scores and want them to recover quickly if they dropped due to balances on your Chase cards. It can play a role if you're applying for a loan and you need your Chase accounts to report $0 before your credit is checked. In reality it's not that huge of a deal and the average consumer will never even notice that Chase does this. There are other creditors that do this if you ask but Chase is the only one that does it automatically.

Re: Chase Mid Cycle Reporting

harinootsak — Thu, 25 Jun 2015 12:33:13 GMT

Thanks for this information, recently got a Chase. Will see how effective this can be based on payoff trends. I had not seen this with my other CCs.

Re: Chase Mid Cycle Reporting

Anonymous — Mon, 06 Jul 2015 19:22:14 GMT

So does chase report every time you make a payment mid cycle or only if you pif?

Re: Chase Mid Cycle Reporting

CreditCuriosity — Mon, 06 Jul 2015 19:23:13 GMT

@Anonymous wrote:
So does chase report every time you make a payment mid cycle or only if you pif?

Only if PIF

Re: Chase Mid Cycle Reporting

Anonymous — Mon, 06 Jul 2015 19:40:41 GMT

My Freedom got updated. Made it to the bank just after the 8P cutoff and was stressing a balance report.

Looked online and it showed $0 Balance. Continually using card with no new updates showing balances.

So awesome.