I decided to pull the trigger on a "full" report from TU since it has been a while (December) since I got a full report from TU. I shelled the $11.95 - no biggie!
Here is what it shows on my report for one of my cards.
There was activity on all these months, but because I pay this card in Full, before the due date, the statement reports as $0. Does this mean that it shows up as no activity?
Thanks for your help...
@Laddi wrote:
If you pay your credit card in full before statement ends, then yes $0 balance is reported to the credit bureau.
I get the part that if the balance is paid in full, before the due date, there is no balance to report to the CRAs so it is obvious it would report $0. My question was directed towards activity. Just because the balance is showing/reporting $0, that doesn't mean there was no activity on the card. So, I am trying to understand if $0 balance being reported means the same as no activity...
@IamB2 wrote:I decided to pull the trigger on a "full" report from TU since it has been a while (December) since I got a full report from TU. I shelled the $11.95 - no biggie!
Here is what it shows on my report for one of my cards.
There was activity on all these months, but because I pay this card in Full, before the due date, the statement reports as $0. Does this mean that it shows up as no activity?
Thanks for your help...
Mine shows the same thing for a couple of my cards that I always PIF (Chase, Discover, Citi) before the statement date.
However, I did notice that before Feb 2014, all the CCC's reported my payment even though there was a $0 statement balance. After that, though, its all blank.
@Laddi wrote:
@IamB2 wrote:
@Laddi wrote:
If you pay your credit card in full before statement ends, then yes $0 balance is reported to the credit bureau.
I get the part that if the balance is paid in full, before the due date, there is no balance to report to the CRAs so it is obvious it would report $0. My question was directed towards activity. Just because the balance is showing/reporting $0, that doesn't mean there was no activity on the card. So, I am trying to understand if $0 balance being reported means the same as no activity...
I understand what you mean but even if you max out your credit card and pay it in full before statement still it's gonna report as no activity. Only your credit card issuer will know that you had activity. Zero balance = no activity.
+1
@AirlinerDudeB6 wrote:Mine shows the same thing for a couple of my cards that I always PIF (Chase, Discover, Citi) before the statement date.
Howver, I did notice that before Feb 2014, all the CCC's reported my payment even though there was a $0 statement balance. After that, though, its all blank.
This is what I was thinking too. It is not consistent and that is what got me to question this.
@AirlinerDudeB6 wrote:You're not alone...I thought the same thing.
Just figured that it is what it is...
What I will probably do now is instead of always letting a small balance report on the same card, I will rotate each month with which card reports a balance.
Yeah, LOL - one more thing we need to account for. LOL
