topic Mid Cycle Update in Understanding FICO® Scoring

Mid Cycle Update

800goal800 — Sun, 30 Jan 2022 22:20:09 GMT

Do any credit card companies update mid cycle when balance goes to zero ? I heard Chase but not sure

Re: Mid Cycle Update

dragontears — Sun, 30 Jan 2022 22:21:31 GMT

@800goal800 wrote:
Do any credit card companies update mid cycle when balance goes to zero ? I heard Chase but not sure

Only chase does it automatically. Some lenders will by request. Some lenders won't at all.

Re: Mid Cycle Update

HeavenOhio — Mon, 31 Jan 2022 00:57:04 GMT

@800goal800, most banks won't do it. Chase and Discover are among the banks that'll do it by request. And as mentioned, Chase automatically reports zero whenever you pay to zero.

Re: Mid Cycle Update

expatCanuck — Mon, 31 Jan 2022 16:29:34 GMT

This is likely a one-off, but BoA reported mid-cycle 6-8 years back when I paid a balance that dropped a card from about 30% util to zero.

My mind was boggled.