Another Cap 1 combo question

[Anonymous]

I'm eligible to combine my QS and QS1.

My question is about the speed of reporting. I did two BTs this month to my BofA Cash Rewards and one paid off my QS1 balance, but the payment missed the statement date and the full balance reported. 

If I combine, will they report the new $0 balance right away as a closed card? My BofA statement closes on the 22nd and I thought the combo might be a good way to force the $0 so I don't look like I severely increased my utilization since I planned on combining anyway.

[Anonymous]

No, they won't report your balance immediately as "zero" to the credit bureaus.  That will happen once the statement cuts and cycle closes.

[Anonymous]

---

@Anonymous wrote:

No, they won't report your balance immediately as "zero" to the credit bureaus.  That will happen once the statement cuts and cycle closes.

---

Thanks for responding! I'm a little confused though. If the card is closed, what statement date would that be? Do you mean they won't report the other card closed until the other card cuts a new statement?

[dragontears]

Your next scheduled statement date on the card you are closing

[Anonymous]

---

@dragontears wrote:
Your next scheduled statement date on the card you are closing

---

Got ya! I didn't realize closed cards would have a statement date, but that makes sense now all of a sudden for reporting. Thanks so much. Off to combine!

[RonM21]

That would probably be their final statement, or because you made the move mid-cycle. But as said, once the statement cuts, it will take care of that.