Basic question I'm sure, but I was unable to find the answer I'm looking for.
Let's say my credit card balance is $1000 on 11/1. Payment is due 11/6. On 11/5 I make a payment of $1000 bringing my balance down to $0.00. However, upon checking my credit report I see that this particular credit card doesn't report to the credit bureau until 11/10.
On 11/7 I make a purchase at a retail store for $100. I also check into a hotel which adds a pending charge on my account of $400.
On 11/9 the retail store charge posts to my account, but the hotel charge is still pending.
When they do finally report on 11/10-11/11, will this credit card show a $0.00 balance because that's the statement balance. Or will it show $100 balance because the retail purpchase has posted, but not the hotel? Or will it show a $500 balance because the charges were made before the report date?
I hope this all makes sense! I appreciate any clarity you can offer.
