topic Re: How often does Chase report to bureaus? in Credit Cards

How often does Chase report to bureaus?

drewricomakeubu — Thu, 04 May 2023 14:05:18 GMT

I've been trying to AZEO but Chase has been reporting my CC I try to show a balance on multiple times. It just reported today and last month it reported almost halfway through the month and then it reported again on statement close date. Kinda hard to AZEO when it reports 15 times a month.

Re: How often does Chase report to bureaus?

CH-7-Mission-Accomplished — Thu, 04 May 2023 14:14:21 GMT

@drewricomakeubu wrote:
I've been trying to AZEO but Chase has been reporting my CC I try to show a balance on multiple times. It just reported today and last month it reported almost halfway through the month and then it reported again on statement close date. Kinda hard to AZEO when it reports 15 times a month.

Chase updates every time you pay to zero. To practice AZEO, you should use a different bankcard that only reports once a month (most of them).

Re: How often does Chase report to bureaus?

coldfusion — Thu, 04 May 2023 14:58:52 GMT

@CH-7-Mission-Accomplished wrote:
@drewricomakeubu wrote:
I've been trying to AZEO but Chase has been reporting my CC I try to show a balance on multiple times. It just reported today and last month it reported almost halfway through the month and then it reported again on statement close date. Kinda hard to AZEO when it reports 15 times a month.
Chase updates every time you pay to zero. To practice AZEO, you should use a different bankcard that only reports once a month (most of them).

Correct!!! Chase cards should never be used as Except One for AZEO purposes for this specific reason.

Re: How often does Chase report to bureaus?

drewricomakeubu — Thu, 04 May 2023 16:10:09 GMT

@coldfusion wrote:
@CH-7-Mission-Accomplished wrote:
@drewricomakeubu wrote:
I've been trying to AZEO but Chase has been reporting my CC I try to show a balance on multiple times. It just reported today and last month it reported almost halfway through the month and then it reported again on statement close date. Kinda hard to AZEO when it reports 15 times a month.
Chase updates every time you pay to zero. To practice AZEO, you should use a different bankcard that only reports once a month (most of them).
Correct!!! Chase cards should never be used as Except One for AZEO purposes for this specific reason.

Does Amex only report once a month?

Re: How often does Chase report to bureaus?

CaptJOB — Thu, 04 May 2023 16:44:43 GMT

Yeah AmEx will only report upon statement close. Use your BCP to AZEO and you'll be fine.

Re: How often does Chase report to bureaus?

drewricomakeubu — Thu, 04 May 2023 16:56:49 GMT

@CaptJOB wrote:
Yeah AmEx will only report upon statement close. Use your BCP to AZEO and you'll be fine.

Right on! Thanks

Re: How often does Chase report to bureaus?

PNWRambler — Thu, 04 May 2023 17:20:23 GMT

Almost all cards will report once a month, the statement balance only. Chase is the only one I know of that reports any time you drop to a 0% balance.

Re: How often does Chase report to bureaus?

CH-7-Mission-Accomplished — Fri, 05 May 2023 13:21:30 GMT

@CaptJOB wrote:
Yeah AmEx will only report upon statement close. Use your BCP to AZEO and you'll be fine.

I can't remember, does having an AMEX charge card report a small balance, as opposed to one of their revolvers, still work for AZEO or does FICO not factor in the charge card as satisfying the one-card minimum reported?

Re: How often does Chase report to bureaus?

coldfusion — Fri, 05 May 2023 14:28:36 GMT

@CH-7-Mission-Accomplished wrote:
@CaptJOB wrote:
Yeah AmEx will only report upon statement close. Use your BCP to AZEO and you'll be fine.
I can't remember, does having an AMEX charge card report a small balance, as opposed to one of their revolvers, still work for AZEO or does FICO not factor in the charge card as satisfying the one-card minimum reported?

Don't use a charge card (or a store card) for AZEO.