Confused on Amex reporting ??

[Anonymous]

What is the deal here -- what does Amex report when reporting your account for the first time? Opened 2 accounts early November. Amex Everyday $2500 and Delta Gold $7700. Have had a due date for each and paid on each already -- was advised my Delta Gold will report after 12-27, and my ED after 01-04-16. Question is, what balance will they report? The current balance as of today (assuming I make no new charges), the statement balance from statement 1 or the statement balance on 12/27? I'm so very confused.

Most lenders report whatever your balance is or was on reporting date -- but some are saying Amex reports a month behind, so my first report will be for whatever my statement balance was on my first statement ??

Someone please clarify so I know what to expect. My first statement balance for my Gold Delta, for example, WAS $2200 -- I have since paid it down to about $1000. So will they report the original statement balance even though I've since paid down, or what ?

Thank you in advance !!!

[Anonymous]

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@Anonymous wrote:
What is the deal here -- what does Amex report when reporting your account for the first time? Opened 2 accounts early November. Amex Everyday $2500 and Delta Gold $7700. Have had a due date for each and paid on each already -- was advised my Delta Gold will report after 12-27, and my ED after 01-04-16. Question is, what balance will they report? The current balance as of today (assuming I make no new charges), the statement balance from statement 1 or the statement balance on 12/27? I'm so very confused.

Most lenders report whatever your balance is or was on reporting date -- but some are saying Amex reports a month behind, so my first report will be for whatever my statement balance was on my first statement ??

Someone please clarify so I know what to expect. My first statement balance for my Gold Delta, for example, WAS $2200 -- I have since paid it down to about $1000. So will they report the original statement balance even though I've since paid down, or what ?

Thank you in advance !!!

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I have no actual knowledge for you, but I'm going to advise that you chill a bit. Utilization has no memory and future statements will report correctly. Your utilization and scores might be a bit messed up for a month or two, especially if you're a min/maxer, but you'll be able to get them into line soon enough. Additionally, the score drop for higher utilization won't matter at all unless you're apping for something big like a mortgage.

[Anonymous]

Thank you. Just really trying to confirm how Amex reports. Reason being is I usually make large payments .. And I don't want a large balance reporting if I can avoid it.

Example. I charge $1000 on 12/1. Payment due 12/28. Statement cuts 1/3. I want to pay that down or PIF before the statement cuts, so it'll reflect a low UTIL. I don't like large balances reporting if I can avoid it to prevent spooking other lenders on SPs

[bz386]

They report the statement balance, but it usually takes them two statements to report for the first time.

[Anonymous]

Which statement balance though

[ojefferyo]

Most current one