Chase: Will Car rental post on closing date?

[red259]

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@Anonymous wrote:
Sam's Club Mastercard posted a gasoline charge and convenience store charge ( 2 separate charges) that occurred on the day of the statement. Although I can't speak for Chase, there are definitely cards that will post a charge that same night if that statement is cutting that evening. Good to be aware of if you are trying to have the statement post with a zero balance.

I did also have an Amex charge for a rental car post the next morning and end up on a statement, but I can't speak for Chase.

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So are you saying if your statement close date was 3/17 you actually made charges that same day and then it was included in your statement cut? I don't watch things that closely, but I am kinda suprised it could go from a charge on to your statement all within 24 hours. Always thought it took at least two days to go through the whole process. 

[PointLager]

Thanks @lg. That's a useful trick.

[lg8302ch]

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@PointLager wrote:
@Anonymous @Anonymous. That's a useful trick.

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Chase accounts are my only accounts with 0 balances on the report because I am too lazy to pay before statement ..lol

[PointLager]

So chsse retroactively adjusts that particular month end balance on the CRs?

I could also pull a payment in but I don't know if chase reports credit balances or reports as zero. Or if it doesn't report at all in that case

[lg8302ch]

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@PointLager wrote:
So chsse retroactively adjusts that particular month end balance on the CRs?

I could also pull a payment in but I don't know if chase reports credit balances or reports as zero. Or if it doesn't report at all in that case

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Credit balances are reported as 0 balance .. and yes Chase does a new reporting mid cycle if you pay down to 0 balance anytime during the cycle. Kind of nice feature if you want to get your report in shape

[NRB525]

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@lg8302ch wrote:

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@PointLager wrote:
So chsse retroactively adjusts that particular month end balance on the CRs?

I could also pull a payment in but I don't know if chase reports credit balances or reports as zero. Or if it doesn't report at all in that case

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Credit balances are reported as 0 balance .. and yes Chase does a new reporting mid cycle if you pay down to 0 balance anytime during the cycle. Kind of nice feature if you want to get your report in shape

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So here is your takeaway OP:

The rental car charge will work it's way through the system.

If it doesn't go past Pending to Posted by the time the statement cuts, no issue.

If it goes to Posted and shows up on the statement, then two days later you pay it off on-line, and a few days after that Chase will post a new Credit Report update with the zero balance.

It would be helpful if you track any score impacts from this, and report back the results of any short term balance appearing then disappearing.