@Anonymous wrote:
@Irisa wrote:On the plus side, enjoy the 6 pack
Thanks, hopefully gaining the 7 back by way of the 6
Gotta love that kind of credit math.. Cheers! 
@indiolatino61 wrote:
@Anonymous wrote:
@indiolatino61 wrote:You went from a pack of gum to a six-pack of what I presume will be beer...lol. Don't do any drapping!
Duh....but of course.....I'm going to look at it this way, buying the 6 on Citi will gain the 7 back so a celebration is in order !!
Then Cheers, my friend...Happy New Year!!!!
Thanks, you too my friend !!
@Anonymous wrote:Chase has me dumbfounded. On 11/26 Chase reported $16 as my only card reporting a balance, thus 1% utilization. I intentionall left $40 on my Freedom card and waited until the new statement cut on 12/26 so that it would be my only card reporting a balance.
One day after the statement date, 12/27 I paid the the $40.
I just go an email alert that my score had dropped. When I logged on, Chase reported a 0 balance when the last statement clearly shows $40..
My credit score when down 7 points since 0% utilization was reported.
So much for using them as my reporting card!! A 7 point drop for not having $40 report on 60K worth of credit
I really didn't want that drop with my 3X Amex coming up on 1/14, Amex's last sp'ed was on 12/24...I guess it's time to put some bubble gum on my citi card which reports on the 3rd and see if it goes back up.
There are at least 3-5 days between statement closing date and reporting date...that's why it reported a $0 bal. If you want Chase or any other card to be your reporting card, you have to give it time to report the balance you want reported. That means you'll need to know these dates as they are hardly the same but YMMV.
@LearningMoreAboutCredit wrote:There are at least 3-5 days between statement closing date and reporting date...that's why it reported a $0 bal. If you want Chase or any other card to be your reporting card, you have to give it time to report the balance you want reported. That means you'll need to know these dates as they are hardly the same but YMMV.
Yep, I just figured they would report the statement balance. I've never had a card, ofther than Chase, do this. That's the first time I cut it that close with Chase, I'll know better next time. Anyway, I spent $9 on Citi for 6 on the way home yesterday in hopes of recovering the 7 when they report on 1/3 before Amex sp's again 
@Anonymous wrote:
@LearningMoreAboutCredit wrote:There are at least 3-5 days between statement closing date and reporting date...that's why it reported a $0 bal. If you want Chase or any other card to be your reporting card, you have to give it time to report the balance you want reported. That means you'll need to know these dates as they are hardly the same but YMMV.
Yep, I just figured they would report the statement balance. I've never had a card, other than Chase, do this. That's the first time I cut it that close with Chase, I'll know better next time. Anyway, I spent $9 on Citi for 6 on the way home yesterday in hopes of recovering the 7 when they report on 1/3 before Amex sp's again
Yeah it will rebound as FICO has no memory in regard to overall utilization...
Citi just reported a $9 balance for a six pack and my scores rebounded exactly 7 points....so yep, all reporting 0 is worse than one card reporting 1%. With 60K of CLs, next month, I'm going to have 4% of total CL report on a 20K card and see what happens. I justed checked and Amex has not sp'ed since Dec 24th so we'll see what happens come 3x time in 1/14. Pretty nice, go buy a six pack and my scores go up 
@notfancy wrote:I came to this thread for the 6 pack...
Too late, the 6 are already gone.....but I do have the 7......