Originally Posted by
cricfan777
From my credit reports that I've seen from chase, amex, bofa, regardless of their reporting dates, the amount reported is always the cc closing statement amount and not the reporting date amount. So if the cc is paid down before the statement close, why does the reporting date matter when you know the amount that is going to be reported?
That's why it matters. If you know that a certain bank will report the statement amount, then you can proactively go ahead and pay down the credit card before the statement closes.
For some banks, that report as of a different date, you would need to pay down your balance in time for a date other than statement close. For example, among my cards, I wish I had paid down my US bank card before the first day of the calendar month (or the last day of the calendar month) because the amount on that date is what U.S. Bank reports to the credit bureaus.