When does my credit limit increase get reported?

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VisaSpeak
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When does my credit limit increase get reported?

Postby VisaSpeak » Wed Feb 27, 2013 2:53 pm

Last week I increased my limit by $1,000. How long until this gets reported to the credit bureaus?

My statement closes middle of March


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djrez4
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Postby djrez4 » Wed Feb 27, 2013 2:59 pm

In the middle of March.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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VisaSpeak
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Postby VisaSpeak » Mon Mar 04, 2013 8:37 pm

can I ask them to do it sooner?


MemberSince99
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Postby MemberSince99 » Mon Mar 04, 2013 8:55 pm

You can ask for anything. Whether they do it, who knows. Doesn't hurt anything to ask.

Sevenfeet
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Postby Sevenfeet » Mon Mar 04, 2013 10:43 pm

I'd be patient. From an IT standpoint, there are normal processes with how credit card companies do data transfer with the credit bureaus. And considering the sheer amount of data that come every day, there is usually a priority to them.

Inquiries from a creditor usually are posted within 24-72 hours. New cards, adjustments or cancellations can take anywhere from a few days to a couple of weeks ("7 to 10 business days" is common). Credit limits seem to be reported about the same time that statement dates close for card holders...usually toward the end of the third week of a month, give or take a week.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

VisaSpeak
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Postby VisaSpeak » Tue Mar 05, 2013 12:10 am

so if my statement closes the 20th, then my credit score will be updated around the 22 or 23rd?

mattymatt808
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Postby mattymatt808 » Tue Mar 05, 2013 3:53 am

Yeah, right around 2-3 days is how long it has typically taken my balances to update (at least with TransUnion via Credit Karma).
$2500 First Hawaiian Bank (6/10)
$4500 CHASE Freedom (2/13)
$3500 Citi Forward (2/13)
$2000 Discover it (2/13)
$9600 AMEX BCE (3/13)
$10000 CHASE Sapphire Preferred (7/13)
$5000 CHASE Ink Plus (8/13)


Sevenfeet
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Postby Sevenfeet » Tue Mar 05, 2013 5:28 am

VisaSpeak wrote:so if my statement closes the 20th, then my credit score will be updated around the 22 or 23rd?


Yup. Pretty much.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

VisaSpeak
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Postby VisaSpeak » Tue Mar 19, 2013 12:28 am

such a long wait. I want to apply for my card already

Dman316
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Postby Dman316 » Thu Apr 18, 2013 12:20 pm

All depending, usually when the statement closes or a few days after.
My Cards

Chase Freedom Visa Signature: $5.2K
Capital One Quicksilver Visa: $7.5K
Discover IT: $5.5K
Huntington Voice World Mastercard: $1.6K

In the garden indefinitely.



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