Chase Mid Cycle Reporting

[Anonymous]

My Marriott did it, so I'd assume all Chase cards, co-branded or their core cards.

Oz

[Anonymous]

Could someone please explain the significance of mid-cycle reporting and why we're all giddily gleeful about it?

(The better question: how do we game this to our explicit advantage?)

And in terms of scoring for your credit profile, is it better to have that little green box or to have a balance reported as zero? So if I have a card and I'm only planning to put a fiddy-cent Amazon gift certificate on it every six months, I'll only have two green boxes for the year? 

[Anonymous]

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@Anonymous wrote:

Could someone please explain the significance of mid-cycle reporting and why we're all giddily gleeful about it?

(The better question: how do we game this to our explicit advantage?)

And in terms of scoring for your credit profile, is it better to have that little green box or to have a balance reported as zero? So if I have a card and I'm only planning to put a fiddy-cent Amazon gift certificate on it every six months, I'll only have two green boxes for the year? 

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The only reason to care about mid cycle reporting is if you closely monitor your scores and want them to recover quickly if they dropped due to balances on your Chase cards. It can play a role if you're applying for a loan and you need your Chase accounts to report $0 before your credit is checked.    In reality it's not that huge of a deal and the average consumer will never even notice that Chase does this.  There are other creditors that do this if you ask but Chase is the only one that does it automatically.

[harinootsak]

Thanks for this information, recently got a Chase. Will see how effective this can be based on payoff trends. I had not seen this with my other CCs.

[Anonymous]

So does chase report every time you make a payment mid cycle or only if you pif?

[CreditCuriosity]

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@Anonymous wrote:
So does chase report every time you make a payment mid cycle or only if you pif?

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Only if PIF

[Anonymous]

My Freedom got updated. Made it to the bank just after the 8P cutoff and was stressing a balance report.

Looked online and it showed $0 Balance. Continually using card with no new updates showing balances.

So awesome.