My first statement cuts today got a question

[icyhot]

Currently the balance on my Marriott card is $1303, with a $7 pending charge. I made a payment TODAY for $1300 and I'm anticipating a refund credit of about $50 any day now. BUT I SMd Chase about when my first statement cuts, and it's today. So, will the statement reflect the $1300 balance, or will the payment be posted since technically it was made on the statement close date? Don't want my UTL to take a hit when I just made the payment. It doesn't matter much because I'm not applying for anything any time soon, but its the principle.  

[Appleman]

I think it is likely to show the balance before the payment. It often takes a day for the payment to post. 

If you were applying for other credit and needed the points I guess you could ask Chase to update mid-billing cycle. I have never done this and not sure that Chase would update mid-cycle at consumer request.

[takeshi74]

Not sure -- it may depends on how quicly the payment posts.  Even if it does report high utilization you can get it down next cycle.  Don't fret over it.

---

@Appleman wrote:

I have never done this and not sure that Chase would update mid-cycle at consumer request.

---

IIRC PIF'ing will cause a midcycle update with Chase.  A few bucks more and it could have reported at 0 even if they payment didn't clear in time for the low balance to report.

[-Cal-]

I can't say that this is guaranteed, but I've noticed a few times that when I pay my Chase bill in full on the morning of when the statement cuts that my statement balance reflects $0. I've been successful with this with payments from Chase checking and external accounts. It seems like the actual statement doesn't cut until the end of the day. 

[lg8302ch]

Don't worry about it because in case it will report with the balance it is only a matter of days. Chase will do a mid cycle reporting once you pay down to 0.  If you do not have any other pending charges this should happen when the refund posts.

[SouthJamaica]

---

@icyhot wrote:

Currently the balance on my Marriott card is $1303, with a $7 pending charge. I made a payment TODAY for $1300 and I'm anticipating a refund credit of about $50 any day now. BUT I SMd Chase about when my first statement cuts, and it's today. So, will the statement reflect the $1300 balance, or will the payment be posted since technically it was made on the statement close date? Don't want my UTL to take a hit when I just made the payment. It doesn't matter much because I'm not applying for anything any time soon, but its the principle.  

---

If you made the payment online, it will probably be reflected in the balance.

[FinStar]

---

@lg8302ch wrote:

Don't worry about it because in case it will report with the balance it is only a matter of days. Chase will do a mid cycle reporting once you pay down to 0.  If you do not have any other pending charges this should happen when the refund posts.

---

Exactly.  Chase is pretty good with updating balances to the CRAs once paid to $0.  So, you could potentially have a high balance for a bit and then it will update soon afterwards.