How do I find out the date my balance is reported?

[Anonymous]

I have contacted all of my banks but a few are not disclosing me the date they report. They give a general answer such as we report credit card balance to the credit bureaus once every 30 days or once every 30-60 days (the response I got from Capital One)

A few say they report on the closing date of my statement or on x day of the month.

But Capital One and BofA are not telling me specifically.

[Revelate]

BOFA reports the statement balance, as does C1 in my experience.  Both are a few days after the statement cuts likewise in my experience.

OUt of curiosity why does it particularly matter getting the individual dates?  With very, very few exceptions (DCU as one) this is how all lenders operate.

IF you wwant to track it more granuarly, pick up the free credit monitoring services from Credit Karma and Credit Sesame and within a month or two you should be able to see, though there's some lag times / inconsistency unfortunately.

[Anonymous]

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@Revelate wrote:

BOFA reports the statement balance, as does C1 in my experience.  Both are a few days after the statement cuts likewise in my experience.

OUt of curiosity why does it particularly matter getting the individual dates?  With very, very few exceptions (DCU as one) this is how all lenders operate.

IF you wwant to track it more granuarly, pick up the free credit monitoring services from Credit Karma and Credit Sesame and within a month or two you should be able to see, though there's some lag times / inconsistency unfortunately.

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I was under the impression that if you do not like your current utilization you can lower it by making a payment before these dates where the balance is reported to the bureaus.

[Revelate]

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@Anonymous wrote:

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@Revelate wrote:

BOFA reports the statement balance, as does C1 in my experience.  Both are a few days after the statement cuts likewise in my experience.

OUt of curiosity why does it particularly matter getting the individual dates?  With very, very few exceptions (DCU as one) this is how all lenders operate.

IF you wwant to track it more granuarly, pick up the free credit monitoring services from Credit Karma and Credit Sesame and within a month or two you should be able to see, though there's some lag times / inconsistency unfortunately.

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I was under the impression that if you do not like your current utilization you can lower it by making a payment before these dates where the balance is reported to the bureaus.

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That's absolutely correct; however, what's typically reported is the statement balance; ergo, if your payment clears before the statement is cut, that will affect the reported balance whwnever the lender gets around to updating the bureaus typically a few days later.

That's what I meant by the reporting date is sort of irrelevant, but I likely misunderstood your question and wasn't clear.  Been that sort of year .

[takeshi74]

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@Anonymous wrote:

How do I find out the date my balance is reported?

You can look around here to see if others have indicated when they report. You can use a CMS to monitor your reports and see when they report. Odds are it's at statement end.

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@Revelate wrote:

That's what I meant by the reporting date is sort of irrelevant, but I likely misunderstood your question and wasn't clear. 

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What I got was that the OP was asking if they report at statement end or if they're one of those "reports at other time" cards so the OP would know when to pay to adjust reported utilization.  In other words, not when the reports update but when the creditors report to the CRA's.