Credit Card Forum
  1. #1
    improvent363
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    Default When do credit card companies report to credit bureaus?

    Wondering when do credit card companies report you to the credit bureaus? What billing cycle is reported to the credit bureau?

    For example, I will be getting interest charges starting from august, since my 0% APR is over in august. So when will they report it? As soon as that or the next billing cycle which starts on September 14?
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    Reply With Quote Reply With Quote     Aug 8, 11, 6:46 pm
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    LTomBerry
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    Whenever your monthly billing cycle closes, banks normally report the balance on the statement to the bureaus within a day or two.

    Your CC has been reporting to the bureaus all along. It tells them the statement balance, credit limit, and minimum payment, among other things.

    It does not report your interest rate, how much interest you have paid or whether you pay in full every month or carry a balance.
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    Reply With Quote Reply With Quote     Aug 9, 11, 5:02 am
  3. #3
    improvent363
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    Quote Originally Posted by LTomBerry View Post
    Whenever your monthly billing cycle closes, banks normally report the balance on the statement to the bureaus within a day or two.

    Your CC has been reporting to the bureaus all along. It tells them the statement balance, credit limit, and minimum payment, among other things.

    It does not report your interest rate, how much interest you have paid or whether you pay in full every month or carry a balance.
    Okay thanks for the info.

    But what I meant by my question was that my APR will start to add up to my balance starting mid august, since the 0% intro rate is over. so will this new balance be reported to the credit bureau on mid August or next billing cycle which is mid September?
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    Reply With Quote Reply With Quote     Aug 9, 11, 10:35 am
  4. #4
    Money card
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    I'm guessing mid august. because like what LT said, they report your credit limit and it won't change within 3 weeks. your minimum balance wont change, it will be the same unless you charge a much, much higher amount than what you normally charge. your statement balance changes from months to months.

    I'm guessing the new balance will be in a couple of weeks. credit card processing is done quicker nowadays.
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    Reply With Quote Reply With Quote     Aug 9, 11, 8:02 pm
  5. #5
    Credit Card guy
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    Default When does the CC company report your balance to the 3 credit agencies?

    I was told that I need to keep my balance at a minimum to really help improve my credit score. The thing is that I need my credit cards to make all my payments(utilities, phone, internet, food, gas, etc). I usually pay them off on the 1st of the month and then charge them back up to nearly max them out.

    I was thinking of making a large payment where it only shows a low balance before it gets to the credit agencies however, how do I find out when the cc company sends off the information.

    Thank you for your time.
    Last edited by admin; Oct 26, 11 at 11:33 am. Reason: this was a new thread, merged to this existing discussion
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    Reply With Quote Reply With Quote     Oct 25, 11, 10:42 pm
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    Credit Card guy
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    Quote Originally Posted by improvent363 View Post
    Wondering when do credit card companies report you to the credit bureaus? What billing cycle is reported to the credit bureau?

    For example, I will be getting interest charges starting from august, since my 0% APR is over in august. So when will they report it? As soon as that or the next billing cycle which starts on September 14?
    So for example, if my credit card statement is from August 12 to September 12, the CC will report to the bureaus the amounts on Sept 12?
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    Reply With Quote Reply With Quote     Oct 26, 11, 2:42 pm
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