topic Re: Learn me on statement dates, due dates, CR dates, utilization, etc in Credit Cards

Learn me on statement dates, due dates, CR dates, utilization, etc

Anonymous — Wed, 22 May 2013 20:29:42 GMT

I got my Capital One at the end of April with it's massive $300 CL. So far I've run a little over $400 through it, having paid it down a few times.

My billing cycle shows Apr 28 - May 15, so I assume my cut-off date is the 15th. Due date is June 12th. As this was my first cycle with CapOne, I didn't know when it would be.

Anyhow, on the 15th when they generated my statement I still had a balane of $26.41. They want a minimum payment of $25. I was shooting to keep a utilization on this card around 4%. When does Capital One report the TL? I've been pulling my reports daily and as of 5/22, I still don't have a TL from them listing.

If they report on the statement date, my $26.41 would come out to a little over 11% utilization, correct? If they report on the payment due date and I pay the $25 minimum leaving a balance of $1.41, that would only be .0047%, so I'm guessing it would report as 0 or 1%.

Any thoughts on when I should expect to see TL's start appearing?

Re: Learn me on statement dates, due dates, CR dates, utilization, etc

p- — Wed, 22 May 2013 20:37:17 GMT

LordAthens wrote: When does Capital One report the TL? If they report on the payment due date...

The number on your credit report will be the Statement Balance, or how much was on the card when the statement cut. The reporting is not instant; it might take them a few weeks to get it on your report the first time. What you pay between statement date and when your credit report updates does not affect the number shown on your report.

Re: Learn me on statement dates, due dates, CR dates, utilization, etc

tcbofade — Wed, 22 May 2013 20:37:37 GMT

Not sure what date it will show up on your CR's, but generally, Capital One will report the statement balance. Good luck!

Re: Learn me on statement dates, due dates, CR dates, utilization, etc

HiLine — Thu, 23 May 2013 06:16:39 GMT

Somebody that has actual experience with Capital One will be able to provide you with an accurate answer. Just you wait