topic Re: Capital One Zero Balance (Non)Reporting in Credit Cards

Capital One Zero Balance (Non)Reporting

SBR249 — Thu, 30 May 2019 20:34:20 GMT

So as part of my rotation of SD'ed cards, I let a small balance report on my Capital One QS statement this month. I usually charge a small monthly subscription on it but pay it off before the statement cuts to keep it active. Apparently Capital One doesn't report any zero balances to CRAs? Because as soon as this month's statement was cut with the balance I got an alert that a previously "dormant" account has now reported as active and it was the CapOne QS which it seems hasn't reported at all in the past 6 months. Is this how Capital One handles zero balances? If so, I may need to start letting statements cut with balances just to keep generating a steady payment history.

Re: Capital One Zero Balance (Non)Reporting

Remedios — Thu, 30 May 2019 20:57:44 GMT

Cap One reports $0.00 balance if there has been activity on the card even if you paid prior to statement date.

In your case, there has been activity, so you're just seeing an alert letting you know "dormant" card reported a balance. Nothing more to it.

I dont know what you use to monitor your CR, but I bet if you look, you will see they reported $0.00 balance for each month you had activity, statement balance or not.

Re: Capital One Zero Balance (Non)Reporting

SBR249 — Thu, 30 May 2019 21:52:02 GMT

You are right. I use Experian's CR monitoring service and it does show $0 balances. I was just a little surprised that a card that reports $0 balance would be considered to be dormant. In hindsight, it does make sense. It's just never happened before that I've gotten such an alert.

Re: Capital One Zero Balance (Non)Reporting

Anonymous — Thu, 30 May 2019 21:53:52 GMT

Maybe something changed recently. Citi doesn't update either if there's no activity.

Re: Capital One Zero Balance (Non)Reporting

Remedios — Thu, 30 May 2019 21:55:15 GMT

@Anonymous wrote:
Maybe something changed recently. Citi doesn't update either if there's no activity.

There has been activity every month. It's in the first post.

Re: Capital One Zero Balance (Non)Reporting

Anonymous — Thu, 30 May 2019 21:57:05 GMT

Another reason AZEO and micromanaging things isn't the best idea. Just let the balances report and autopay....

Re: Capital One Zero Balance (Non)Reporting

Anonymous — Wed, 05 Jun 2019 01:51:33 GMT

I’ve been having this issue also I used to carry a balance and when I finally actually paid off the balance, I was paying my cellphone bill the day after the statement closed. 2 cycles of reporting $61 as a balance, well last month i got a $0 balance and this month again...Payment history is more important and they have to report that correctly, so I guess I am ok with this $0 balance