Statement and Balance Reporting

[codefreak13]

So in the past I simply rang up charges on my cards and either paid the balance by the due date (or didn't). I wasn't concerned about statement cut dates, reporting, and utilization. So I'm a little confused on how it goes.

So say I have a card with a statement issued date of 7/3, due on 7/28. On it is only one charge, let's say $5. Since the time this statement was issued there have been another $50 in charges made. I know the statement will report to the bureaus on 7/30. If I pay just the $5 on the statement, will the card report $0 on the 30th or $50? In other words do cc accounts report whatever the current status of the card is on the due or reporting date, or only the status per payments/credits of that last statement? Thanks in advance.

[llecs]

with a couple of exceptions, nearly all CCs will report the balance you had on the statement date, and will report that balance 2-3-4-5 days following the statement date.

[codefreak13]

Gotcha, so I would see $5 for this month, then whatever the balance is on my CC when the next statement cuts (say 8/3) will be reported the next month correct?

[llecs]

If your 7/3 statement shows $5, then it is highly likely that $5 is reporting on one or more CRAs by now. If your 8/3 statement shows $0, then it's likely you'd see $0 early to mid next month.

[codefreak13]

Ok maybe it's screwy because it was the first statement. This seems like a simlpe thing to understand but I just can't wrap my head around it

The date of this first statement is 7/3 with a due date of 7/28. The card had an annual fee of $29 and immediately reported this to all three bureaus on 6/29-6/30 as a $29 balance. I paid the $29 fee immediately after opening the card on 6/30 (but before that 7/3 statement appeared), so this current statement shows only a balance of $5.

I guess I just don't know if I will have that statement's $5 balance report to the CRAs on 7/29-7/30 (assuming the dates stay the same) or if it will report my current balance as of the next statement on 8/3 or whenever it cuts. I should probably just call them to verify all of this lol.

[llecs]

The very first reported date is always an oddball and is a YMMV-thing based on lender. Some report based on the statement date. Some before like oyu may have experienced it. And some like BofA will report before you even receive the card. I wouldn't worry about it and probably wouldn't start tracking it until the 2nd statement.