Credit Card Reporting Time

[jybrown1458]

Does anyone have information on Amex reporting time? I plan to pay 90% of my balance, in hopes of bumping my score from 585 to 620. Any suggestions are appreciated, Thanks!

[Anonymous]

THey reporting times are on the closing date..Usually they are always one month behind to show on Credit Report..

Good luck!!

[MattH]

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@Anonymous wrote:

THey reporting times are on the closing date..Usually they are always one month behind to show on Credit Report..

Good luck!!

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Usually they report as of the closing date (mine all do), but I have heard that some use a different date.  Also, be aware that AMEX reports two months behind for some mysterious reason.

[marty56]

GEMB is slow to report a 0 balance but if you charge say $18, they are all over the CRAs.

[Anonymous]

For me, if AMEX don't report right I won't use the card. That's the way how I treat AMEX..I know AMEX always report one month behind..Visa and MC are always reported on time every month...

[Anonymous]

Most HSBC issued cards (including Orchard and Household) report at the end of the calendar month. Some report on the statement date. This is very anomalous behavior but important to know if you have an HSBC card.

[Anonymous]

Yeah... I need to make sure I have a few dollars on my HSBC Best Buy MC at the end of each month to keep a 1-3% utilization to optimize my score.

[Watchmann]

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@Anonymous wrote:

For me, if AMEX don't report right I won't use the card. That's the way how I treat AMEX..I know AMEX always report one month behind..Visa and MC are always reported on time every month...

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Whether or not AMEX reports 'right' is in your own mind.  Yes, they report one month behind, but for the overwhelming majority of people that is immaterial.  Unless you are in the market for credit at a particular moment and want the highest score possible it doesn't matter if AMEX is a month behind or not, it all averages out in the long run.  It's an example of worrying about something that a) can't be changed and b) doesn't mean much. 

[Anonymous]

Does the 1 to 2 month lag apply to bank issued amex cards as well?

Just wondering since I paid off my entire balance on my BoA amex, and it was a huge chunk of my utilization.

[Anonymous]

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@Anonymous wrote:

Does the 1 to 2 month lag apply to bank issued amex cards as well?

Just wondering since I paid off my entire balance on my BoA amex, and it was a huge chunk of my utilization.

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No,