🚀 Our new App is live!  Signup

🔥Insane! 150k points! See details 

Advertiser Disclosure

Advertiser Disclosure

Although we put in a lot of effort to give our readers unbiased information, and we include many credit card offers on our website for which we do not get paid any compensation, we are legally required to notify you that we may be receiving compensation from some of the credit card companies mentioned on our website.

Some of the credit card offers which appear on helpmebuildcredit.com are from credit card companies from which this site possibly receives compensation. This compensation may impact how and where credit card offers appear on this site. This site possibly does not include all available credit card offers.

 

Close

When Do Credit Card Issuers Update Your Credit Card Balance To The Credit Bureaus?

- Jan 19, 2021 Credit Card Info13 comments

Credit Utilization

Credit utilization is one of the biggest factors which credit models look at while calculating your credit score.  You could have had a FICO score of 800 or more, but if you max out a credit card your FICO score may drop to 680 or below!! (For more information on credit utilization read The 5 Most Important Factors In A FICO Score)

Different then a late payment, collection, or bankruptcy, etc., which can take your score years to recover from, credit utilization will only affect your score for as long as you have an open balance. As soon as the balance is paid off and reported as paid to the credit bureau your credit score will go right back up.

I underlined, “and it is reported as paid to the credit bureau,” because here is where it gets tricky. How long will it take your bank to report the paid balance to the credit bureau?

Banks have a reporting date of when they report your credit balances to the credit bureaus. Most banks will report once a month, on the day, or the day before your statement prints.

There are some banks that are lazy to report, and they may even skip a month or two before reporting your paid balance. Ouch!

Here is a list of when the credit card issuers report your updated balances to the credit bureaus.

Please note: With some banks, the balance needs to clear by the date they report in order for them to report the updated balance. So make sure to submit the payment at least one day earlier.

Amex

  • Amex will report your statement balance.
  • It usually takes 48 hours until it reflects on your credit report.
  • You can call Amex at 1-800-874-2717 to get your balance updated off-cycle. The update will take up to 5 business days to be completed.

Bank Of America

  • Bank Of America will report your statement balance.
  • It usually takes 48 hours until it reflects on your credit report.
  • You can call Bank Of America to get your balance updated off cycle. The update will take up to 48 hours to be completed. Call Bank of Of America at 1-800-421-2110 and ask to talk to the credit bureau reporting department, then ask to speak to a manager/underwriter to submit your off-cycle request.

Barclays

  • Barclays will report your statement balance.
  • It usually takes 24 – 48 hours until it reflects on your credit report.

Chase

  • Chase will report your statement balance
  • It usually takes 48 hours until it reflects on your credit report ( i have seen some times Chase skip a month or two of reporting).
  • Chase will update your report within 48 hours (even off-cycle) if you pay your balance to zero.
  • You can call Chase at 1-888-682-8361 to get your balance updated off-cycle. The update will take up to 48 hours to be completed.

Citi

  • Citi will report your statement balance.
  • It usually takes 48-72 hours until it reflects on your credit report.
  • You can try to call Citi executive office to request an off-cycle report at  605-331-1698 or fax the request to the credit bureaus department at 1-866-713-5028.

Capital One

  • Capital One will report your statement balance.
  • It usually takes 2-5 days until it reflects on your credit report.
  • Some have been successful on getting a balance update off cycle by requesting a supervisor to submit an off-cycle request

Discover

  • Discover will report your statement balance.
  • It usually takes 24-48 hours until it reflects on your credit report.
  • You can call Discover at 1800-347-3085 to get your balance updated off-cycle. The update will take up to 48 hours to be completed.

US Bank

  • Us Bank will report the balance as it was on the first of the month.
  • It usually takes 48 hours until it reflects on your credit report.

Wells Fargo

  • Wells Fargo will report your statement balance.
  • It usually takes 48 hours until it reflects on your credit report.

Rapid Rescore

 

If you’re applying for a mortgage or loan, your mortgage broker or lender can do for you what is called a rapid re-score. All you will need to do is obtain a zero balance letter from your credit card bank. This is a letter that you receive from the bank, stating that your balance is at zero. Ask them to fax it to you (no mail-that takes longer.) Once you receive it, send it over to your mortgage broker. He/she will send it to the credit bureaus and pay for a rapid re-score. Once all this is done, your credit report will update within 24 -48 hours. (Tell your mortgage broker to use the same company he uses to pull your credit for the rapid re-score.)

For more information on a rapid re-score read Rapid Rescore – Everything You Need To Know

For now, have a great day!

Frequently asked questions
I paid my balance and it no longer shows on my credit report but I still got denied for an Amex card due to a high balance. How can that be?
For existing customers, Amex doesn’t usually pull a new credit report. They base the decision on a credit report they get through the monthly soft pull they do for all cardholders, which can be up to 30 days ago. Unfortunately, there is no way to get Amex to pull a new report. On the letter you receive from Amex, it will tell you which date the report was pulled. I would advise you to reapply 30 days later
Can I get my credit card balances updated to the credit bureaus fast (I need it for mortgage)?
Your mortgage broker should be able to do what's called a rapid rescore and have your balances updated within 48 hours. Some credit cards offer off cycle reporting as well
I recently paid a large credit card balance. When I check my credit report on Wallethub I see it updated, but not on Credit Karma. How can that be?
With Wallet Hub you can see your updated credit report every single day. With Credit Karma it's only once in 7 days. So updates that happened in between will not show on Credit Karma (recently, many users have been getting daily updates from Credit Karma as well)

Was this article helpful?

avatar_logo
Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

13 Comments

  1. Nice posts very informational. Sam your the man!

    Reply
    • Thanks!

      Reply
  2. citi card told me that a payment that you have made will get reflected 15 days after the date of the statement generation.

    Reply
    • Was that your personal experience in reality?

      Reply
      • yes, I paid my full balance 1 day late … and as per the chat with them, they told me the above

        Reply
        • Can a rapid rescore be done before the first credit pull ?

          Can I do a rapid rescore even when I am not applying for a mortgage ?

          Reply
          • A rapid rescore will always first start with a credit pull. As per the credit bureaus its a program afford only for mortgage applicants. On google, you can find companies that do it publicly as well.

      • My personal experience was that they reported 15 day’s later

        Reply
        • I never had that experience. Interesting

          Reply
  3. What’s if I swipe my card after due date before statement close will it show on my statement as a balance?

    Reply
    • As long as the balance is paid before the date the credit card reports to the credit bureaus (as you see above, it is usually the statement print date) the balance will not be reported on your credit report.

      Reply
  4. Anyone with experience with Credit One Bank? When do they report the statement balance? I have it already updated on XP but not yet on TU and EF

    Reply

Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

Today's
best offers

Capital One Venture X Business

Earn 150,000 miles after spending $30,000 within the first 3 months.

more info

Ink Business Preferred Credit Card

Earn 100,000 points after spending $8,000 within the first 3 months.

more info

Capital One Spark Cash Plus

Earn $1,200 after spending $30,000 within the first 3 months.

more info

Miles & More World Elite Mastercard

Earn 100,000 points after spending $3,000 and paying the annual fee within the first 90 days.

Intro 0% APR for 15 months on balance transfers (after that 21.24%, 25.24% or 29.99% variable). The balance transfer fee is 5% or $5, whichever is greater.

more info

You May Also Like

Top 10 Credit Cards For Restaurant Purchases [2023]

Top 10 Credit Cards For Restaurant Purchases [2023]

Appetizers, menus, dim lighting, table setting, waiters, gourmet food, desserts. If any of these words resonate with you or if you tend to frequent restaurants often (even if it’s just pizza!), you might want to choose a credit card from the list below. While enjoying...

read more
The Top Credit Cards To Use For Back To School Supplies [2023]

The Top Credit Cards To Use For Back To School Supplies [2023]

Summer is in full swing but that means school is around the bend.  Get a head start on school supplies shopping with some great credit cards that offer points and cashback at office supply stores, such as Staple’s and more. Even if you’re not thinking school yet, you...

read more
Why The GM Business Card Is A Great Intro 0% APR Option

Why The GM Business Card Is A Great Intro 0% APR Option

Interest rates on regular business loans are currently on record highs. Many business owners are turning to intro 0% APR business credit cards in order to keep their business cash flowing. With an intro 0% APR business card you get to carry a balance on that credit...

read more
Capital One Adds 48-Month Language To Many Cards

Capital One Adds 48-Month Language To Many Cards

There used to be no restrictions for getting the bonus on the same Capital One cards multiple times. The official terms used to state that “The bonus may not be available for existing or previous account holders”. But in real life it was not enforced. They easily...

read more
success_icon

Download link sent
succesfully

Got it * please check your promotional inbox
fail_icon

Error sending download link

Try Again