High Balance

[Anonymous]

I'm quite certain that I've had balances in excess of my high balance listed on both my chase and capital one accounts, but they aren't indicated in the high balance field on my credit report. Near as I can tell, it's just highest statement balance from them both.

[Anonymous]

My Freedom and QS are both pretty new, 7 and 9 months respectively, I've gone back and checked the statements of both accounts and I'm 100% certain the high balance were mid cycle balances during the first month of both cards when I was fulfilling the bonus spending requirements while keeping UTI under 1% by making payments prior to statement cut, same with PenFed.

[Anonymous]

Well, if we have opposing data points here it simply means that Chase and possibly other lenders simply aren't consistent with respect to their high balance reporting.

[Revelate]

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@Anonymous wrote:

Well, if we have opposing data points here it simply means that Chase and possibly other lenders simply aren't consistent with respect to their high balance reporting.

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Or that it changed, would be more than strange to have inconsistency in their reporting system; it doesn't really matter, modern FICO high balance is pretty meaningless and personally I still think it's a good thing that lenders like seeing.

[HeavenOhio]

I could potentially test Capital One this month, but only if my natural spending causes that to happen. I definitely plan on paying to zero before the statement cuts, so that there'd be absolutely no confusion if the new mid-cycle number appears on my report.

[Anonymous]

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@Revelate wrote:

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@Anonymous wrote:

Well, if we have opposing data points here it simply means that Chase and possibly other lenders simply aren't consistent with respect to their high balance reporting.

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Or that it changed, would be more than strange to have inconsistency in their reporting system; it doesn't really matter, modern FICO high balance is pretty meaningless and personally I still think it's a good thing that lenders like seeing.

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Or, perhaps it's product-specific.  Maybe co-branded vs straight up cards, or some other factor plays a role in the reporting.

[Anonymous]

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@HeavenOhio wrote:

I could potentially test Capital One this month, but only if my natural spending causes that to happen. I definitely plan on paying to zero before the statement cuts, so that there'd be absolutely no confusion if the new mid-cycle number appears on my report.

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Only if the new mid cycle balance beats out your prior highest mid cycle balances, I think you know that but wasn't sure.

[Revelate]

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@Anonymous wrote:

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@Revelate wrote:

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@Anonymous wrote:

Well, if we have opposing data points here it simply means that Chase and possibly other lenders simply aren't consistent with respect to their high balance reporting.

---

Or that it changed, would be more than strange to have inconsistency in their reporting system; it doesn't really matter, modern FICO high balance is pretty meaningless and personally I still think it's a good thing that lenders like seeing.

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Or, perhaps it's product-specific.  Maybe co-branded vs straight up cards, or some other factor plays a role in the reporting.

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Given the way servicing departments work, it's pretty unlikely that they'd have seperate servicing applications for cobrand vs. in house cards.

Most likely explanation?  Someone is mistaken, second most likely, it changed. 

[HeavenOhio]

I pulled my reports from annualcreditreport.com yesterday. From those reports, I can tell that:

• Capital One reports the highest overall balance.
• Chase reports the highest overall balance.
• Barclays reports the highest overall balance.
• AMEX reports the highest statement balance.