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Hi
I am new here ..If I can get some help .. I wanted to know when do amex report to credit bureau? I want to pay the part of balance before they report to lower the utilization rate .
I have amex blue cash for 2 months and it's still not appear on my report? why ?
When do HSBC report ?
Thx everyone
In my experience:
1. HSBC reports on last business of the month and it reports not statement balance but balance on the last business day of the month.
2. Amex has strange reporting policy. It takes at least 2 month to report.
Amex is the strangest (lately in more ways than just reporting), but two months 'late' is pretty common with them, altho it only matters if you're in the market for credit at the time and it's affecting your UTIL negatively.
I try to PIF before the statement date if I think I'll be looking for a loan or app'ing for credit in the next couple of months.
If your balance is $100 when your statement cuts, it will report at the end of the following month.
Say your statement is 11/19 for argument's sake. Around Jan 2 or 3 the $100 balance should be reflected on your CRs.
AmEx reports the previous month's balance right around the time the following month's statement cuts. So if your November statement date was today, for example, you could expect to see your reports finally update with the balance from your October statement!
And edited to add... I think it can vary quite wildly, too. Mine used to be pretty much exactly eight weeks behind in reporting (ie reporting the April balance in June, that kind of thing). Then suddenly they were 'only' a month behind. Then they were kind of all over the place. Now they seem to be back to a month behind. Sigh.
humusabugus wrote:
Hi
I am new here ..If I can get some help .. I wanted to know when do amex report to credit bureau? I want to pay the part of balance before they report to lower the utilization rate .
I have amex blue cash for 2 months and it's still not appear on my report? why ?
When do HSBC report ?
Thx everyone