Capital One Statement Date/Cut Date/Due Date

[Anonymous]

So I got some new cards and I want to make sure I get the UTI right on them. I have 3 cards. 2 have a 0 balance. My Cap1 was at 29 dollars of my 300 dollar balance before I had to buy a battery for my car Wednesday. I got the battery on my card, and it put my balance to 219 dollars. I have seen a statement generate yet but I have a due date of 3/17. I paid it off this morning but I also noticed on my account it had the balance at 219 as of my last statement date (yesterday) is my UTI screwed for the month?

[Anonymous]

If the balance is showing on the statement, it's been reported. 

But I wouldn't worry about it honestly. It's an expectation that small limit cards will have higher utilization. Scores will not be happy but scores only matter when you're applying for additional credit. Internally, trust me, Capital One isn't bothered that you're using their card as long as you pay it back. 

[K-in-Boston]

If the statement cut at $219 of $300 credit limit, then CapOne likely is reporting 73% utilization on the card.  Utilization has no memory and you're getting some points for having $0 balances on the other two and for having less than half of your cards showing a balance.  You are likely taking a larger hit for the new accounts, so it's not likely to be disastrous, and the points will come back next month.  You can check by looking at the PDF of your statement.

[Anonymous]

Thanks. No statement has generated yet but it dit have the note  "Last Statement Balance" so I assume it just hasnt generated. That sucks

[staticvoidmain]

If my calculations are correct, your statement date will be the 20th, and Capital one usually reports on or before the statement date. I would think that it will report your utilization at $219, based on the info you provided. The only chance it won't is if the charge stayed in pending. At least that is how I think it works.

[Trudy]

Whatever your due date is you report date will be 3 days later.  I've seen mentioned in the forums that C1 takes 2 billing cycles to report new accounts so the balances may not even report this time.  My C1 cards all opened long ago so I can't confirm this.

Here's a thread from just a few days ago.

https://ficoforums.myfico.com/t5/General-Credit-Topics/Capital-One-Platinum-Reporting-Question/m-p/5...

[Iusedtolurk]

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@Anonymous wrote:

So I got some new cards and I want to make sure I get the UTI right on them. I have 3 cards. 2 have a 0 balance. My Cap1 was at 29 dollars of my 300 dollar balance before I had to buy a battery for my car Wednesday. I got the battery on my card, and it put my balance to 219 dollars. I have seen a statement generate yet but I have a due date of 3/17. I paid it off this morning but I also noticed on my account it had the balance at 219 as of my last statement date (yesterday) is my UTI screwed for the month?

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Capital one is pretty stable at reporting balance after 3 days of due date. My due date is on the 6th statement cuts on the 9th shows on my experian on the 10th (transunion and equifax always slower).

Your due date 17th your closing date 20th so balance will show on 21st. Your balance will show 73% for that cards individual utilization but you also have an aggregate utilization which plays a part in your credit score.

Since you have 3 cards and 2 with balances of 0 that puts your aggregrate at 73%/3 = 24%. That's below the recommended 29% suggested for good scoring. So you're in good shape.

Those scores in Fico only last until the next update. Even if you lost a couple of points you will get them back and possibly more depending on your lower balance reporting and the overall snapshot of your profile.

[Anonymous]

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@Iusedtolurk wrote:

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@Anonymous wrote:

So I got some new cards and I want to make sure I get the UTI right on them. I have 3 cards. 2 have a 0 balance. My Cap1 was at 29 dollars of my 300 dollar balance before I had to buy a battery for my car Wednesday. I got the battery on my card, and it put my balance to 219 dollars. I have seen a statement generate yet but I have a due date of 3/17. I paid it off this morning but I also noticed on my account it had the balance at 219 as of my last statement date (yesterday) is my UTI screwed for the month?

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Capital one is pretty stable at reporting balance after 3 days of due date. My due date is on the 6th statement cuts on the 9th shows on my experian on the 10th (transunion and equifax always slower).

Your due date 17th your closing date 20th so balance will show on 21st. Your balance will show 73% for that cards individual utilization but you also have an aggregate utilization which plays a part in your credit score.

Since you have 3 cards and 2 with balances of 0 that puts your aggregrate at 73%/3 = 24%. That's below the recommended 29% suggested for good scoring. So you're in good shape.

Those scores in Fico only last until the next update. Even if you lost a couple of points you will get them back and possibly more depending on your lower balance reporting and the overall snapshot of your profile.

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+1