topic Re: High Balance question in Credit Cards

High Balance question

Marcos8 — Sat, 01 Aug 2015 15:12:34 GMT

Is a high balance on a credit report determined by amounts reported at the statement cut time or will a mid cycle high balance that is paid down prior to statement cut time still be reported? Thanks

Re: High Balance question

ojefferyo — Sat, 01 Aug 2015 16:31:29 GMT

@Marcos8 wrote:
Is a high balance on a credit report determined by amounts reported at the statement cut time or will a mid cycle high balance that is paid down prior to statement cut time still be reported? Thanks

Normally it is the highest balance you've ever had on that account. I know for a fact Cap1 Chase and my Bank of America card all report the high balance regardless of what the statement balance is. It is a good thing as it shows other lenders you can pay it back withou issues.

Re: High Balance question

Anonymous — Sat, 01 Aug 2015 22:27:44 GMT

Cap one reports my high balance, but Discover reports high balance as the highest statement balance that I have ever had.

Re: High Balance question

Thomas_Thumb — Mon, 03 Aug 2015 23:48:08 GMT

@Marcos8 wrote:
Is a high balance on a credit report determined by amounts reported at the statement cut time or will a mid cycle high balance that is paid down prior to statement cut time still be reported? Thanks

All the high balances I have listed on my credit reports (for all CRAs) are associated with statement postings for every card. The CRAs all list the same HB values on a per card basis. Many of the HBs shown are from quite a few years back.

Re: High Balance question

Shann0n_marie — Tue, 22 Mar 2016 03:43:29 GMT

Does anyone know in regards to AMEX? My current balance on my AMEX PRG is like $1300 and statement closes on the 24th. I'm trying to decide whether to pay it off now or wait until statement cuts so it will report the high balance as such? (So I can show I have the ability to repay)

So, my question is - does AMEX report the highest balance you've had or do they report the statement balance? Thx!

Re: High Balance question

noobody — Tue, 22 Mar 2016 11:00:50 GMT

Chase report the highest point of my balance.
Charged 9k, pay off before statement cut, still been reported.

Re: High Balance question

Shann0n_marie — Tue, 22 Mar 2016 13:59:41 GMT

Thanks noobody. Appreciate your input. Does anyone have any experience with AMEX doing this?

Re: High Balance question

OmarGB9 — Tue, 22 Mar 2016 14:19:29 GMT

Amex reports highest statement balance ever for high balance.

Re: High Balance question

Shann0n_marie — Tue, 22 Mar 2016 14:47:26 GMT

@OmarGB9 wrote:
Amex reports highest statement balance ever for high balance.

Thanks Omar!