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Chase reports to CRAs earlier then should. Common?

SuperKirby
Established Contributor

Chase reports to CRAs earlier then should. Common?

So I have 3 Chase cards and have their statement closed on the 28th; CSP, Freedom, and Explorer. They have been on the dot for the whole year.

 

This month, the Freedom closed on the 27th and the other 2 cards on the 28th. What gives? It messes me up when I play the UTIL game. 

 

Does this happen every once in awhile? That way I know what to expect in the future.

Message 1 of 8
7 REPLIES 7
Dinosaur
Moderator Emeritus

Re: Chase reports to CRAs earlier then should. Common?

Chase follows the same pattern with me and then now and then they report differently and sometimes twice a month. Looked for some major happening in my payments as the trigger and could not find it. So what gives?
Message 2 of 8
CreditDunce
Valued Contributor

Re: Chase reports to CRAs earlier then should. Common?

If you hit a zero balance, Chase will report.   It is an easy way to fix any util errors.

Message 3 of 8
vanillabean
Valued Contributor

Re: Chase reports to CRAs earlier then should. Common?

Message 4 of 8
takeshi74
Senior Contributor

Re: Chase reports to CRAs earlier then should. Common?


@SuperKirby wrote:

It messes me up when I play the UTIL game. 


It's really no big deal.  Fix it the next cycle.

Message 5 of 8
SuperKirby
Established Contributor

Re: Chase reports to CRAs earlier then should. Common?


@Wanderer wrote:
Chase follows the same pattern with me and then now and then they report differently and sometimes twice a month. Looked for some major happening in my payments as the trigger and could not find it. So what gives?

Thanks! I forget Chase will randomly report. Good to know...

Message 6 of 8
Super_AL
Valued Contributor

Re: Chase reports to CRAs earlier then should. Common?

As soon as i get a BOA credit card it shows up on my credit report with a $0 Balance but as soon as i get a Chase credit card it takes almost 2 months for the account to appear on my credit report, i like the way BOA does it better Smiley Happy

Smiley Happy (BANK OF AMERiCA CA$H REWARD$ ViSA SiGNATURE) (CHASE AMAZON ViSA SiGNATURE) (CAPiTAL ONE QUiCKSiLVER ViSA SiGNATURE) (CiTi DOUBLE CA$H WORLD MASTERCARD) (BARCLAYCARD UPROMiSE WORLD MASTERCARD) (SYNCHRONY MARVEL MASTERCARD) (AMERiCAN EXPRESS BLUE CA$H EVERYDAY) (DiSCOVER iT NHL)
Message 7 of 8
CreditDunce
Valued Contributor

Re: Chase reports to CRAs earlier then should. Common?


@Super_AL wrote:

As soon as i get a BOA credit card it shows up on my credit report with a $0 Balance but as soon as i get a Chase credit card it takes almost 2 months for the account to appear on my credit report, i like the way BOA does it better Smiley Happy


Pluses and minus to both.  The advantage of the BoA method is it will help your util and number of cards reporting zero balance.

 

The advantage of Chase reporting two months later is it delays the credit score penalty for new accounts two months.  Plus penalty is not as bad because the CC is a little older.  The penalty will last for two months less.  And your AAoA isn't hurt as much when the card reports (although, there isn't much difference between a 0 month old CC and a 2 month old CC from an AAoA perspective)

 

I think I am with you in liking the earlier reporting, even if it hurst a little more in the short term (long term it doesn't matter).  Smiley Indifferent

Message 8 of 8
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