topic Re: When does Bank of America report to your reports please HELP in Credit Cards

When does Bank of America report to your reports please HELP

JoeLuvsHisCredit — Sat, 13 Jan 2018 16:03:11 GMT

Hello everybody

Does Bank of America post your balance at the due date or at your statement balance? I know some bank report the balance you have at your due date and some report the balance at the end of the billing cycle. I want them report a 0 balance on my credit card. Sorry for the question. BOA were closed yesterday and today due the snow/ice.

Thank you very much

Re: When does Bank of America report to your reports please HELP

Anonymous — Sat, 13 Jan 2018 16:05:21 GMT

Statement balance is reported to the bureaus, generally 1-3 days after statement cuts.

BoA will re-report any current balance if you make a change to your account (change address, new credit limit, etc).

Re: When does Bank of America report to your reports please HELP

JoeLuvsHisCredit — Sat, 13 Jan 2018 16:13:26 GMT

@Anonymous wrote:
Statement balance is reported to the bureaus, generally 1-3 days after statement cuts.

BoA will re-report any current balance if you make a change to your account (change address, new credit limit, etc).

Re: When does Bank of America report to your reports please HELP

JR_TX — Sat, 13 Jan 2018 16:21:33 GMT

@JoeLuvsHisCredit wrote:
Hello everybody
Does Bank of America post your balance at the due date or at your statement balance? I know some bank report the balance you have at your due date and some report the balance at the end of the billing cycle. I want them report a 0 balance on my credit card. Sorry for the question. BOA were closed yesterday and today due the snow/ice.
Thank you very much

Look at your account page online or via mobile, any balance owed after “Next Closing Date” will be reported to the CRAs. Just not sure of the cut-off time if it’s midnight or earlier. Hope this helps

Re: When does Bank of America report to your reports please HELP

Anonymous — Sat, 13 Jan 2018 16:23:08 GMT

@JoeLuvsHisCredit wrote:
ABCD2199
Thank you My payment is due today (making a payment) but can't pay it off until Tuesday when the bank is open. LOL I have the cash but my credit union are also closed lol. So you are telling me that if I make a second payment to pay it off on Tuesday (3 days after due date) they will report the 0 balance?
Thanks again

Depends on when your statement date is. Do you have a history with that card so you can look up your previous months' statement dates? I don't have a BoA card so I have no history to look up there, but many of my bank cards have the same statement date each month -- Chase, Capital One, Discover all have the same monthly statement date for me.

Log into your BoA and see when all your past statement dates were.

Why can't you "pull" a payment from your CU checking using BoA's online payment method? If you do that today, you're in the clear, assuming you have no pending charges that might post before statement cut.

Re: When does Bank of America report to your reports please HELP

JoeLuvsHisCredit — Sat, 13 Jan 2018 16:30:53 GMT

@JR_TX wrote:
@JoeLuvsHisCredit wrote:
Hello everybody
Does Bank of America post your balance at the due date or at your statement balance? I know some bank report the balance you have at your due date and some report the balance at the end of the billing cycle. I want them report a 0 balance on my credit card. Sorry for the question. BOA were closed yesterday and today due the snow/ice.
Thank you very much
Look at your account page online or via mobile, any balance owed after “Next Closing Date” will be reported to the CRAs. Just not sure of the cut-off time if it’s midnight or earlier. Hope this helps

Thank you very much

Re: When does Bank of America report to your reports please HELP

JoeLuvsHisCredit — Sat, 13 Jan 2018 16:33:10 GMT

@Anonymous wrote:
@JoeLuvsHisCredit wrote:
ABCD2199
Thank you My payment is due today (making a payment) but can't pay it off until Tuesday when the bank is open. LOL I have the cash but my credit union are also closed lol. So you are telling me that if I make a second payment to pay it off on Tuesday (3 days after due date) they will report the 0 balance?
Thanks again
Depends on when your statement date is. Do you have a history with that card so you can look up your previous months' statement dates? I don't have a BoA card so I have no history to look up there, but many of my bank cards have the same statement date each month -- Chase, Capital One, Discover all have the same monthly statement date for me.

Log into your BoA and see when all your past statement dates were.

Why can't you "pull" a payment from your CU checking using BoA's online payment method? If you do that today, you're in the clear, assuming you have no pending charges that might post before statement cut.

I want to make a $6800.00 payment and Don't have enough to cover it since I had plans to make a cash payment in the branch ABCD2199

Re: When does Bank of America report to your reports please HELP

JoeLuvsHisCredit — Sat, 13 Jan 2018 16:39:55 GMT

I just look at my statments and my statements cuts on the 16th of each month

Re: When does Bank of America report to your reports please HELP

JoeLuvsHisCredit — Sat, 13 Jan 2018 16:55:56 GMT

Thank you very much Everybody

Re: When does Bank of America report to your reports please HELP

HeavenOhio — Sat, 13 Jan 2018 16:59:27 GMT

I'd bet that paying cash will cause your payment to post very quickly.

Because there are so many BOA cardholders here, we'd have heard by now if they did anything other than report the statement balance on or just after the statement date. I'm sure that one of them will chime in to confirm.

Of the large, well-known banks, US Bank and Chase are the exceptions. US Bank reports on the first of the month. Chase report the statement balance on the statement date, but they also report zero whenever one pays to zero.

Re: When does Bank of America report to your reports please HELP

expatCanuck — Sat, 13 Jan 2018 17:56:11 GMT

My experience has been that BoA reports the statement balance. Mostly.

My due date is the 16th. Statement date is the 19th.

I always pay by the due date (except once, see my footer). On some occasions, I've made an additional payment on the 17th or 18th (sometimes by cash in-branch, sometimes pushed from my checking account with a different institution), reducing the statement balance; BoA has reported that lower statement balance to the bureaus.

That said, in July or August of 2017 (when I was in the middle of a mortgage refi, of course), BoA reported a higher balance than what was owed on the due date / statement date. I'll repeat: it did not report the statement balance, but reported a higher interim balance. I was displeased, and let the bank know it. The gist of my conversation with the BoA rep was that the bank had, well, engaged in anomalous behavior; it should have reported the statement balance.

Re: When does Bank of America report to your reports please HELP

JoeLuvsHisCredit — Sat, 13 Jan 2018 17:07:56 GMT

@HeavenOhio wrote:
I'd bet that paying cash will cause your payment to post very quickly.

Because there are so many BOA cardholders here, we'd have heard by now if they did anything other than report the statement balance on or just after the statement date. I'm sure that one of them will chime in to confirm.

Of the large, well-known banks, US Bank and Chase are the exceptions. US Bank reports on the first of the month. Chase report the statement balance on the statement date, but they also report zero whenever one pays to zero.

That's I love chase payments This is my first time with BOA. I wouldn't have this problem if they were closed last 2 days lol

Thanks