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Newly Opened Credit Cards - First Statement Reporting??

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HeavenOhio
Senior Contributor

Re: Newly Opened Credit Cards - First Statement Reporting??


@Anonymous wrote:

Does cycle/statement closing date = reporting date with most CCs...???


Yes. Most lenders report the statement balance on or just after the statement date. Discover and Capital One both do that.

 

The most notable exception is US Bank, which reports one's balance as of the first of the month. Chase reports the statement balance like most lenders, but they also report zero whenever you pay to zero.

Message 11 of 12
Anonymous
Not applicable

Re: Newly Opened Credit Cards - First Statement Reporting??

Great info...thanks!! Cat Happy

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