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Mid Cycle Update

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800goal800
Frequent Contributor

Mid Cycle Update

Do any credit card companies update mid cycle when balance goes to zero ?  I heard Chase but not sure 

Message 1 of 4
3 REPLIES 3
dragontears
Senior Contributor

Re: Mid Cycle Update


@800goal800 wrote:

Do any credit card companies update mid cycle when balance goes to zero ?  I heard Chase but not sure 


Only chase does it automatically. Some lenders will by request. Some lenders won't at all. 

Message 2 of 4
HeavenOhio
Senior Contributor

Re: Mid Cycle Update

@800goal800, most banks won't do it. Chase and Discover are among the banks that'll do it by request. And as mentioned, Chase automatically reports zero whenever you pay to zero.

Message 3 of 4
expatCanuck
Super Contributor

Re: Mid Cycle Update

This is likely a one-off, but BoA reported mid-cycle 6-8 years back when I paid a balance that dropped a card from about 30% util to zero.

 

My mind was boggled.


2025 Goal: save 3 months' net income

Starting FICO8: 666 (give or take a FICO)
[ Last INQ 12-Feb-2024 ]
EQ8502 INQ (Auto, Mort)7y4m
EX8506 INQ (2 CC, 2 mort, 2 auto)7y
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3/241/12AoYA 10m | AoOA 24y2m~1%

Yeah, FICO 9 is 850 as well. Smiley Happy
Message 4 of 4
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