topic Re: Capital One Report Day in Credit Cards

Capital One Report Day

Anonymous — Mon, 11 May 2020 16:10:27 GMT

Hello, new the forums. So i have 1 credit card which is a capital one platiumim and i am trying to figure out what is the reporting day for my cap 1 card so it can report a low utilization. my due date is the 9th of every month i paid on the 7th of this month but its still reporting my full balance

Re: Capital One Report Day

Gmood1 — Mon, 11 May 2020 16:22:14 GMT

Looks like 3 days from due date until the balance reports for me.

So if due date the 9th should report on the 12th.

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 16:23:25 GMT

Any credit score monitoring site will show you each card's report date.

E.G. I log into Credit Karma, go to Credit Card Utilization and scroll down to view my credit cards. Under each card shows the Balance, Utilization and Reported On - Date.

Dates are usually the same (minus and plus one day off) each month. Some cards report automatically when you paid a balance to zero, however, From personal experience Cap1 doesn't.

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 16:25:52 GMT

creditkarma updated yesterday an its still showing my $300 balance even doe i paid in full on the 7th

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 16:30:40 GMT

@Anonymous I have an account with them as well. The due date is the 9th and the statement cuts on the 12th. It reports the same day that the statement cuts.

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 16:39:39 GMT

@Anonymous So it will report my 0 balance on the 12th of this month

Re: Capital One Report Day

Gmood1 — Mon, 11 May 2020 16:41:23 GMT

@Anonymous wrote:
creditkarma updated yesterday an its still showing my $300 balance even doe i paid in full on the 7th

Credit Karma updates are independent of what actually updates on your reports.

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 16:46:10 GMT

Capital one will send the information to the CRA on the 12th but don't expect to see it reflect on that date if that makes sense. It will take the CRA a few days to update it.

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 17:15:05 GMT

In my experience, they report what your balance was on the day the statement closed. For example, my Cap One Venture One Card has a statement closing date of the 9th of every month. I always pay it off on the 8th and then don't use it until the 10th. It always reports zero when I do this.

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 18:06:36 GMT

@Anonymous wrote:
creditkarma updated yesterday an its still showing my $300 balance even doe i paid in full on the 7th

What does the reported date on Credit Karma says? I'm pretty sure it still has the last month's reported date. You mentioned you paid two days early for your due date. That is great but your due date is not the same as your closing date. As others mentioned, it is two-three days after. Your closing date is usually/almost always your report date. If your due date is the 9th closing date is somewhere around the 11th - 13th. So it hasn't report yet. Just because you paid in full early doesn't mean is going to show up early for Cap1. Once again, check the reported on date on Credit Karma.

Hope that helps.

Re: Capital One Report Day

Anonymous — Mon, 11 May 2020 18:07:58 GMT

My Venture closes/reports on the 4th day

Re: Capital One Report Day

BmoreBull — Mon, 11 May 2020 22:06:26 GMT

Lol @ this thread. Simply log into Cap One, either on the web site or the app on your phone. Pull up your statement pdf and look at what it says the closing date is. You don't need to go to Credit Karma or any other site, other than the card issuer's site or app. But again like most said, 3 solid days after the due date. My card is due on the 20th the statement date is the 23rd. They even explain this to you in the welcome information and email that you get when you open the card.

Re: Capital One Report Day

Anonymous — Tue, 12 May 2020 00:59:32 GMT

@BmoreBull wrote:
Lol @ this thread. Simply log into Cap One, either on the web site or the app on your phone. Pull up your statement pdf and look at what it says the closing date is. You don't need to go to Credit Karma or any other site, other than the card issuer's site or app. But again like most said, 3 solid days after the due date. My card is due on the 20th the statement date is the 23rd. They even explain this to you in the welcome information and email that you get when you open the card.

My due date is the 28th of every month.

The closing date below states the 3rd which is 5 days later than my due date.

The card reported a day before the actual closing date of the statement (4 days after my due date).

So there are times when the closing date on the statement is different than the report date for Cap1.

Re: Capital One Report Day

delaney1 — Tue, 12 May 2020 02:42:17 GMT

@Anonymous wrote:
@BmoreBull wrote:
Lol @ this thread. Simply log into Cap One, either on the web site or the app on your phone. Pull up your statement pdf and look at what it says the closing date is. You don't need to go to Credit Karma or any other site, other than the card issuer's site or app. But again like most said, 3 solid days after the due date. My card is due on the 20th the statement date is the 23rd. They even explain this to you in the welcome information and email that you get when you open the card.

My due date is the 28th of every month.
The closing date below states the 3rd which is 5 days later than my due date.
The card reported a day before the actual closing date of the statement (4 days after my due date).
So there are times when the closing date on the statement is different than the report date for Cap1.

@Anonymous

My closing date from Capital One is the 5th. I know when my statement closing date falls on a Sunday, my statement closes on Saturday even though my statements all have the 5th as the closing Date . I was caught by surprise the first time it happened lol. I wonder if that’s what’s happening here with your reporting.

Re: Capital One Report Day

Anonymous — Tue, 12 May 2020 16:18:33 GMT

Thank you all for your help!