$0 balance reporting PIF chase

[Gregory1776]

My statement closes on the 24th and I just paid the complete balance off on my statement yesterday (and made a payment on the 28th as well)

being that I made two payments - and the balance is now 0 will they report that as 0 or am I waiting to the 24th?

I was hoping to see the change in scores with 2 balances reported on my CR: Citi card at 85% and chase at 9% to citi at 85% and no other accounts reported (excluding loan) to Citi CLI hitting my CR and utilization dropping to ~58%

should I be expecting chase to report it as PIF?

[FlaDude]

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@Gregory1776 wrote:

My statement closes on the 24th and I just paid the complete balance off on my statement yesterday (and made a payment on the 28th as well)

being that I made two payments - and the balance is now 0 will they report that as 0 or am I waiting to the 24th?

should I be expecting chase to report it as PIF?

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If a payment brings the balance to zero, Chase should report it. It's always worked for me.

[FicoMike0]

I don't think Chase at 9% was hurting your score, so it going to zero might not have a score effect. Getting max utilization from 85% to 58% should help.

[Gregory1776]

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@FlaDude wrote:

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@Gregory1776 wrote:

My statement closes on the 24th and I just paid the complete balance off on my statement yesterday (and made a payment on the 28th as well)

being that I made two payments - and the balance is now 0 will they report that as 0 or am I waiting to the 24th?

should I be expecting chase to report it as PIF?

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If a payment brings the balance to zero, Chase should report it. It's always worked for me.

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Any idea how long it took? Still no update. 🤷‍♂️

[yam1rts]

A) Let’s make it clear that banks don’t report how many payments you make. B) They report the new balance at statement closing. If it was zero on the 24th then a zero will be reported within 6 days. C) Usually score changes when there is a 10%+ balance decrease.

[Gregory1776]

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@yam1rts wrote:
A) Let’s make it clear that banks don’t report how many payments you make. B) They report the new balance at statement closing. If it was zero on the 24th then a zero will be reported within 6 days. C) Usually score changes when there is a 10%+ balance decrease.

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It's commonly reported chase will report a 0 balance when you PIF the statement. Read first comment, that's what I am referring to. How long does it take and will they since I've made 3 payments to get it to 0, and not 1.

I'm well aware of balances being reported on statement close (minus US Bank)

[tcbofade]

Chase being Chase, I believe that they'll report the zero balance to the CRAs in a few days.

Do keep us posted please.  I'm in the process of something similar.

[Gregory1776]

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@tcbofade wrote:

Chase being Chase, I believe that they'll report the zero balance to the CRAs in a few days.

Do keep us posted please.  I'm in the process of something similar.

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Transunion updated. Which is bizarre because idk how I got that update. I usually check experians website.Last night

[tcbofade]

Yay!  Good for you!

We've got a BT in process that will pay a Chase account to zero.   Next statement will be 02 January, but I believe it will report the zero balance when the BT is received... which should be this week or next!

[HeavenOhio]

Chase reports 0 very promptly for me, maybe two or three days tops. And they repeat the process every time I bring the card to zero throughout the month.