topic Re: Capital One Reporting in General Credit Topics

Capital One Reporting Delayed Trend

Iusedtolurk — Fri, 12 Mar 2021 12:01:57 GMT

I know a lot of us have recently been adjusting to the new Capital one statement cutting dates but I have noticed with my Cap1 accounts (along with the change in statement cutting dates) that the bureau updates take longer now.

Cap1 for me used to cut every month on the 9th and would show up on my EX report on the 10th. Now since it cuts anywhere from the 9th to 12th (depending on what month and number of days) it shows up on EX anywhere from 3-4 days later.

Thought it was an EX thing but all my other accounts show reported on EX the next day after statement cuts.

Anyone else experiencing this new late reporting by Cap1? (On EX) Trans and Eq always delayed on all accounts anyway.

Re: Capital One Reporting Delayed Trend

Anonymous — Fri, 12 Mar 2021 16:17:17 GMT

I haven't noticed anything yet, but I've got another statement cut happening in the next couple of days and will look out for it this cycle.

Re: Capital One Reporting Delayed Trend

Anonymous — Fri, 12 Mar 2021 16:41:16 GMT

Yes. This really screwed me this month. Like you my statement cut on the 8th. I knew that so when I went to purchase some airline tickets on the 10th I used that card who's statement should have cut on the 8th. Eventually I cancelled the flight and would be refunded the full amount. However I noticed my statement never cut on the 8th. And the transaction was still pending along with a refund pending. Needless to say the statement cut as soon as the pending transaction processed and now the card is going to report at 50% and I'm closing in 3 weeks. Just great.

Re: Capital One Reporting Delayed Trend

Cowboys4Life — Fri, 12 Mar 2021 16:51:01 GMT

I am not having any issue with delayed updating by the bureaus but the "floating" statement cut date really SUCKS. At least for right now. I too close in 2 weeks and trying to keep bank balances higher and AZEO in practice until that happens has been challenging. This was NOT the time for Cap1 to change to this accounting procedure. UGH. Once I close and get 90 days past that I will worry less about AZEO.

Re: Capital One Reporting Delayed Trend

Iusedtolurk — Fri, 12 Mar 2021 16:57:04 GMT

@Anonymous wrote:
Yes. This really screwed me this month. Like you my statement cut on the 8th. I knew that so when I went to purchase some airline tickets on the 10th I used that card who's statement should have cut on the 8th. Eventually I cancelled the flight and would be refunded the full amount. However I noticed my statement never cut on the 8th. And the transaction was still pending along with a refund pending. Needless to say the statement cut as soon as the pending transaction processed and now the card is going to report at 50% and I'm closing in 3 weeks. Just great.

@Anonymous Hope your closing still goes smooth Good Luck!

Re: Capital One Reporting Delayed Trend

Iusedtolurk — Fri, 12 Mar 2021 17:00:45 GMT

@Cowboys4Life wrote:
I am not having any issue with delayed updating by the bureaus but the "floating" statement cut date really SUCKS. At least for right now. I too close in 2 weeks and trying to keep bank balances higher and AZEO in practice until that happens has been challenging. This was NOT the time for Cap1 to change to this accounting procedure. UGH. Once I close and get 90 days past that I will worry less about AZEO.

@Cowboys4Life Yeah that floating statement stirred up a little complexity to a simple situation.

You can call Cap1 and the CSR can give you all your statement cut dates for the whole year to make it easier.

Re: Capital One Reporting Delayed Trend

Ficoproblems247 — Fri, 12 Mar 2021 18:05:06 GMT

Same thing with both my Cap1 accounts.

Re: Capital One Reporting Delayed Trend

Mr_Mojo_Risin — Fri, 12 Mar 2021 18:57:50 GMT

I haven't noticed anything different yet. My Cap1 statement will cut on the 14th this month so I'll be looking to see if there's any delay.

Re: Capital One Reporting Delayed Trend

Horseshoez — Fri, 12 Mar 2021 19:05:14 GMT

@Mr_Mojo_Risin wrote:
I haven't noticed anything different yet. My Cap1 statement will cut on the 14th this month so I'll be looking to see if there's any delay.

Agreed, so far all of my statements have been cut on the 17th of each month, I'll keep a lookout for what happens for me next week.

Re: Capital One Reporting Delayed Trend

Rottweilerlvr — Sun, 14 Mar 2021 18:50:15 GMT

I'm beginning to regret getting the Capital One card. Statement dates are no longer reliable and I'm noticing the reporting is slower too. I've begun using lit less due to the unreliablity. NFCU due date is the 13th every month, statement is the 16th, and reporting on the 17th. I need that stability and not be trying to guess things like I do with Cap One..

Re: Capital One Reporting Delayed Trend

Horseshoez — Sun, 14 Mar 2021 19:14:51 GMT

Hmmm, totally not my experience; my due date is always the 11th and my statement date is the 17th.

Anyone else with Cap 1 not reporting

tooleman694 — Fri, 19 Mar 2021 14:18:39 GMT

Anyone else with Cap 1 not reporting? My mortgage broker is waiting on me for a credit pull, I am zeroing out cards and Cap 1 has not freaking updated.

Typically payment on the 12, they report on the 15. Still they have not reported. Anyone else seeing this?

Can I call them and yell at them to update? Ironicly my Credit one card already updated lol

Re: Anyone else with Cap 1 not reporting

Ficoproblems247 — Fri, 19 Mar 2021 17:34:34 GMT

Cap1 has variable cycle dates now. Look at your reports from last month and see what day they reported your statement, add 3 days and that is when they will report for March. (28 days last month, 31 this month). Keep in mind it may still take a few days for it to show at the bureaus after that. Normally Cap1 updates after they report to EX and EQ within 1-2 days. TU is more like 4ish. As always, YMMV.

Re: Anyone else with Cap 1 not reporting

tooleman694 — Fri, 19 Mar 2021 18:16:47 GMT

If that is the case, it should update on EQ this weekend.

Re: Anyone else with Cap 1 not reporting

Mr_Mojo_Risin — Fri, 19 Mar 2021 20:17:38 GMT

My statement cut on the 14th and Cap1 reported by the 16th.

Are you saying your statement typically cuts on the 12th? If so it should of reported by now.

Cap1 has been doing floating statement dates for the last 4-5 months. Count back 25 days from your due date to determine your statement date.

Re: Capital One Reporting Delayed Trend

DaveInAZ — Sun, 21 Mar 2021 18:14:50 GMT

@Horseshoez wrote:
@Mr_Mojo_Risin wrote:
I haven't noticed anything different yet. My Cap1 statement will cut on the 14th this month so I'll be looking to see if there's any delay.
Agreed, so far all of my statements have been cut on the 17th of each month, I'll keep a lookout for what happens for me next week.

I have 4 cards with Capital One and all of them have "floating" statement dates that shift around to different dates monthly and it's annoying as heck, and no idea why Cap One is doing this. I really don't care about reporting date to the CRAs or payment due dates, but I have a really old habit of not using a card the week before statement and making my larger purchases right after statement to maximize cash flow. Why make a purchase right before the statement and need to pay it in 20-25 days when if you make the purchase right after statement you don't need to pay it for 50-55 days? Not that my cashflow is that tight, thankfully, as I said just an old habit from when I worked in accounting and the rule was "Collect Early, Pay Late", meaning collect any debts as soon as possible and pay bills as late as possible (without and adverse consequences).

Re: Capital One Reporting Delayed Trend

Anonymous — Mon, 29 Mar 2021 10:58:39 GMT

So I called Capitol one asking for my statement cut dates as suggested. The rep said the 24th of every month (I called on the 22) and resports to the CRA 3-4 days later. Well that wasn't true. My statement was cut the 27th. It makes it really hard to ensure I don't report with a balance. It feels as though Capitol one knows we pif prior to statement cut date and is losing money cause no interest charges so are doing this floating statements to catch us off guard.

Re: Capital One Reporting Delayed Trend

Anonymous — Mon, 29 Mar 2021 19:27:15 GMT

@Anonymous wrote:
So I called Capitol one asking for my statement cut dates as suggested. The rep said the 24th of every month (I called on the 22) and resports to the CRA 3-4 days later. Well that wasn't true. My statement was cut the 27th. It makes it really hard to ensure I don't report with a balance. It feels as though Capitol one knows we pif prior to statement cut date and is losing money cause no interest charges so are doing this floating statements to catch us off guard.

As long as you pay the previous statement balance you aren't charged interest, so the desire to earn interest fees is not a motivating factor for floating statement dates.

Re: Anyone else with Cap 1 not reporting

Anonymous — Sat, 03 Apr 2021 12:41:51 GMT

@tooleman694 wrote:
Anyone else with Cap 1 not reporting? My mortgage broker is waiting on me for a credit pull, I am zeroing out cards and Cap 1 has not freaking updated.

Typically payment on the 12, they report on the 15. Still they have not reported. Anyone else seeing this?

Can I call them and yell at them to update? Ironicly my Credit one card already updated lol

I'm right there with you except my delay is Capital One Auto. They've religiously reported on the last day of the month for the past 2+ years, except now I'm still waiting for March to report, and I sold the car and paid off the note three weeks ago.

Until this reports my DTI is out of whack for a mortgage so I'm holding off on having them make the pull until Cap One has reported.

Re: Anyone else with Cap 1 not reporting

Iusedtolurk — Sat, 03 Apr 2021 13:00:11 GMT

@Anonymous wrote:
@tooleman694 wrote:
Anyone else with Cap 1 not reporting? My mortgage broker is waiting on me for a credit pull, I am zeroing out cards and Cap 1 has not freaking updated.

Typically payment on the 12, they report on the 15. Still they have not reported. Anyone else seeing this?

Can I call them and yell at them to update? Ironicly my Credit one card already updated lol
I'm right there with you except my delay is Capital One Auto. They've religiously reported on the last day of the month for the past 2+ years, except now I'm still waiting for March to report, and I sold the car and paid off the note three weeks ago.

Until this reports my DTI is out of whack for a mortgage so I'm holding off on having them make the pull until Cap One has reported.

@AnonymousWith the new way they do statement cuts your statement for MAR 2021 should be 6 days after due date and then it takes the CRA 3-4 days to update.