topic Re: Chase Midcycle Update? in Credit Cards

Chase Midcycle Update?

Anonymous — Tue, 20 May 2014 19:54:09 GMT

So I am new to chase, with my Amazon card. I don't know if this is usual or unusual.

But anyway my statement got cut on the 10th. Experian reported it the next day showing a $226 balance.

I paid in full at the branch yesterday. And today experian updated again and now it shows a zero balance.

I thought this was a little odd, is this normal for Chase?

Re: Chase Midcycle Update?

Involver — Tue, 20 May 2014 20:08:03 GMT

Yep, Chase will report mid-cycle when a balance is zeroed.

Re: Chase Midcycle Update?

Irisa — Tue, 20 May 2014 20:09:29 GMT

@Anonymous wrote:
So I am new to chase, with my Amazon card. I don't know if this is usual or unusual.

But anyway my statement got cut on the 10th. Experian reported it the next day showing a $226 balance.

I paid in full at the branch yesterday. And today experian updated again and now it shows a zero balance.

I thought this was a little odd, is this normal for Chase?

Chase has been known to do that. Same thing has happened to me twice, which is why I make sure to leave a balance on one of my other cards when I want it to report.

Re: Chase Midcycle Update?

H4LO — Tue, 20 May 2014 20:30:45 GMT

@Anonymous wrote:
So I am new to chase, with my Amazon card. I don't know if this is usual or unusual.

But anyway my statement got cut on the 10th. Experian reported it the next day showing a $226 balance.

I paid in full at the branch yesterday. And today experian updated again and now it shows a zero balance.

I thought this was a little odd, is this normal for Chase?

Multiple major creditors report mid-cycle.

Re: Chase Midcycle Update?

Anonymous — Tue, 20 May 2014 21:34:41 GMT

That's good to know... What other major ones update mid-cycle like this if I may ask?

Re: Chase Midcycle Update?

H4LO — Tue, 20 May 2014 21:41:37 GMT

@Anonymous wrote:
That's good to know... What other major ones update mid-cycle like this if I may ask?

From another forum.

Cards that report mid-cycle

Ameriprise (Barclays)

Bank of America (Large charge, lost card, CL re-aalocation)
Bank of America Alaska Air (Eq & Ex 1 day before stmt close, TU 1 day after)
Barclays
Capital One (Personal & Business)
Capital One Union Plus (Day before statement close on TU)

Chase (Unusual activity or $0 balance after payment)

Chase Freedom

Comenity Bank Buckle
Dell
DCU (Last day of month)
(Discover)
Elan

FIA (May report balance when new card is issued due to fraudulent activity)
(GECRB)
HSBC
Lexus
Macy's
Sam's Club

SF Fire CU (24th-28th)

Sportsman's Guide (Comenity)
UMB
US Bank
WFNB

( ) = May now be reporting statement closing balance