@Anonymous wrote:
@Remedios wrote:Balances are updated monthly. Your report shows your balances for each month. Would you rather they report daily? Hourly? Every time you make a purchase? Never?
What do you think would be satisfactory resolution?
Au contraire, monsieur - pay the credit card to zero and within a week it is so reported. Use it again and the new balance is often reported within a week. I have seen this and tested it many times. Amex seems to report weekly.
I've heard there are some lenders that always report $0 balances but thank God none of my lenders report like this. I usually let 1 or 2 cards report a balance to avoid the $0 penalty then pay them off immediately. I don't always create a new balance on the same card(s) either as I rotate cards to use for reporting.
@Anonymous wrote:
@Remedios wrote:Balances are updated monthly. Your report shows your balances for each month. Would you rather they report daily? Hourly? Every time you make a purchase? Never?
What do you think would be satisfactory resolution?
Au contraire,
monsieurmademoiselle - pay the credit card to zero and within a week it is so reported. Use it again and the new balance is often reported within a week. I have seen this and tested it many times. Amex seems to report weekly.
Having around 800-900 data points just on my own American Express accounts, I can definitively state that American Express reports the statement balance immediately after the statement has closed on any account. No more, no less, at least for the limited 18 years that I have been with them.
And I agree that we're veering a bit off the original topic of the OP losing points due to a paid loan.
