topic Re: Chase no longer reporting when paying to zero? in General Credit Topics

Chase no longer reporting when paying to zero?

Anonymous — Mon, 22 Mar 2021 14:32:00 GMT

Question in the title. I just got approved for the BCP and had one other card I wanted to apply for before gardening. I wanted to lower my utilization before applying to look as good as I could and bump my score a couple of points, and since I didn't have any cards with a balance left to report this month, I chose to pay off my CFU, thinking it would report now instead of waiting until my closing date of Apr 08. It always has before when I paid it completely off. It's been several days now since the payment posted (pulled from my Chase checking) and my balance showed zero, so even with the weekend, I would think it would've reported by now. Do they not do that anymore?

I guess in the end it doesn't really matter, I forgot that my CLI on my Amazon card would drive down my utilization anyway so I'm down to 6% as it is, and that pushed me over 750. I just wanted to know for the future if Chase no longer does report when paid to zero, and if not, is that a known thing and I'm out of the loop?

Re: Chase no longer reporting when paying to zero?

Credit4Growth — Mon, 22 Mar 2021 14:35:05 GMT

@Anonymous wrote:
Question in the title. I just got approved for the BCP and had one other card I wanted to apply for before gardening. I wanted to lower my utilization before applying to look as good as I could and bump my score a couple of points, and since I didn't have any cards with a balance left to report this month, I chose to pay off my CFU, thinking it would report now instead of waiting until my closing date of Apr 08. It always has before when I paid it completely off. It's been several days now since the payment posted (pulled from my Chase checking) and my balance showed zero, so even with the weekend, I would think it would've reported by now. Do they not do that anymore?

I guess in the end it doesn't really matter, I forgot that my CLI on my Amazon card would drive down my utilization anyway so I'm down to 6% as it is, and that pushed me over 750. I just wanted to know for the future if Chase no longer does report when paid to zero, and if not, is that a known thing and I'm out of the loop?

^^^^+10000000

I would really like to know if things have changed.

Re: Chase no longer reporting when paying to zero?

Remedios — Mon, 22 Mar 2021 14:37:11 GMT

When did you pay?

Re: Chase no longer reporting when paying to zero?

gdale6 — Mon, 22 Mar 2021 15:01:27 GMT

They still reported it for my AARP this month, took 4 days to show up after it hit zip. Its not instant and weekends seem to delay it

Re: Chase no longer reporting when paying to zero?

FlaDude — Mon, 22 Mar 2021 15:22:41 GMT

Took 4 days for my CSP to mid cycle report after paying it to zero last week.

Re: Chase no longer reporting when paying to zero?

Credit4Growth — Mon, 22 Mar 2021 15:52:03 GMT

@FlaDude wrote:
Took 4 days for my CSP to mid cycle report after paying it to zero last week.

^+4

That is about the same amount of time I noticed during my last off cycle update on my Freedom CC (January 2021).

It would update in 1 or 2 days on Experian and in about four day it would update on TransUnion and Equifax.

Thank you for the responses!

Re: Chase no longer reporting when paying to zero?

coldfusion — Mon, 22 Mar 2021 16:13:11 GMT

I paid off 2 cards on Thursday. Experian reported both of them paid down to $0 this morning.

Re: Chase no longer reporting when paying to zero?

Remedios — Mon, 22 Mar 2021 21:38:08 GMT

My last HP on TU is about to become unscorable.

In my never-ending quest to gain a few ficos, I'm holding off on paying measly balance on CSR so once it reports paid off I'll get to see if there's been a scoring change.

This thread helped with deciding on when to separate with those $9.00

Re: Chase no longer reporting when paying to zero?

blindambition — Mon, 22 Mar 2021 21:46:38 GMT

No issues reporting $0 for me. Paid my Amazon a week before due date, and Experian updated next day, with EQ and TU reporting 3 days later. Then updated $0 again on statement close.

Re: Chase no longer reporting when paying to zero?

Remedios — Mon, 22 Mar 2021 22:00:01 GMT

@blindambition wrote:
No issues reporting $0 for me. Paid my Amazon a week before due date, and Experian updated next day, with EQ and TU reporting 3 days later. Then updated $0 again on statement close.

They're going to start charging you for all that reporting 😂

Re: Chase no longer reporting when paying to zero?

blindambition — Tue, 23 Mar 2021 01:00:17 GMT

@Remedios wrote:
@blindambition wrote:
No issues reporting $0 for me. Paid my Amazon a week before due date, and Experian updated next day, with EQ and TU reporting 3 days later. Then updated $0 again on statement close.
They're going to start charging you for all that reporting 😂

🤣

Thats the only way they'll make money on me. My Chase cards get paid in full.

Re: Chase no longer reporting when paying to zero?

Anonymous — Wed, 24 Mar 2021 03:24:43 GMT

Based on all of the replies in this thread, it seems the thread title / OPs theory isn't correct. Perhaps just a fluke for his specific account.

Well we definitely have received the answer to the OPs question based on the responses. Chase no doubt is still reporting accounts once they're paid to $0.

Re: Chase no longer reporting when paying to zero?

Remedios — Tue, 23 Mar 2021 19:07:03 GMT

It wasn't a theory, it was a question.

Question in the title. I just got approved for the BCP and had one other card I wanted to apply