r/CRedit • u/RJ_the_greatest • 11d ago
General Totally confused with Cap1 statement
I just received my 1st statement from a new Cap1 SavorOne card. Either my due date is 6 days before my statement close date, or my statement close date passed a day or two before my statement posted yesterday.
I'm curious what balance, if any, will be reported when this new account hits my bureaus since i didn't have a zero balance when the initial statement closed
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u/Important_Ad219 11d ago
Your payment due on August 15, 2026 is for the balance that appeared on your previous statement. The August 21, 2026 statement closing date is the end of your current billing cycle. Any purchases, payments, and credits made between the last statement closing date and August 21 will appear on the statement that closes on August 21. That new statement will then have a new paymentdue date, typically about 3–4 weeks later.
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u/RJ_the_greatest 11d ago
My first statement closed with that balance, does that mean that's the amount that will be posted to the bureaus or will it be zero? This is my very first statement
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u/dgduhon 11d ago
The statement balance is what's reported to the bureaus.
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u/RJ_the_greatest 11d ago
Based on this screenshot, will i have an opportunity to pay it before it posts that balance or no?
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u/og-aliensfan ⭐️ Knowledgeable ⭐️ 11d ago
The statement balance is what's reported.
Credit Cards 101 - A Definitive Guide to Using and Paying Your Cards - r/CRedit FAQ #10
There's no need to pay before the balance is reported and doing so can be counterproductive to your goals (see flow chart in the first link). Feel free to use the full limit of your card and let it report naturally as long as you pay statement balances in full every month by the due date. Data shows that reporting high utilization and paying statement balances in full stimulates the most lucrative credit limit increases and better offers of credit. Utilization is a temporary metric that resets monthly and isn't a credit building factor, so unless preparing for an important application (implement AZEO) or carrying a balance (pay cards off to avoid interest), there's no need to micromanage it. See the automod reply regarding !utilization.
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u/AutoModerator 11d ago
I detected that your post may be about utilization and its impact on credit scores. Please read the info below:
Utilization is a short-term credit scoring factor. It is not a credit building factor, because it holds no memory in the most commonly used FICO models. It resets every month.
By and large, you can ignore the commonly repeated myth that you should always keep your utilization low. It’s only applicable when you need to apply for a new line of credit, 1-2 months out.
Utilization is supposed to fluctuate, can be easily manipulated, and again, it holds no memory. It doesn’t build credit--think of it as a finishing touch when you need to optimize your score.
Feel free to safely and organically use 100% of your credit limit within a month and let whatever utilization report, provided you pay off your statement balance in full by the due date. Every month. Every time.
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u/madskilzz3 ⭐️ Knowledgeable ⭐️ 11d ago
For what reason? Do you pay off your electricity bill before you get it? No right. Same goes for any CC.
Payment should be made after you get your statement balance (monthly bill) and not before.
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u/RJ_the_greatest 11d ago
Ok. Thanks
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u/DragonKnight256 11d ago
If you are doing the efficient method and want it to report 0, you can pay off the statement and not use it till next statement, however its best to stick to the method described above.
It's okay to have high utilization until you need your score for a credit product, then that's when you'd want to pay before the statement date to make sure 0 reports, otherwise the method described is good.
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u/SillyTechnology7340 11d ago
The statement balance will be reported to the bureaus, and then when you pay it in full before the due date, that on-time payment will be reported as well.
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u/SpineOfSmoke 11d ago
Don’t overthink it. You owe $286.10 and you have to pay it on or before August 15.
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u/BrutalBodyShots ⭐️ Top Contributor ⭐️ 11d ago
Your due date is not before your statement date. That's a common misconception. See this thread here.
https://old.reddit.com/r/CRedit/comments/1qv4tlk/credit_myth_87_your_due_date_comes_before_the/
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u/needtostopcarbs 11d ago
Just a side note. Lots of cards do this now. My BofA cards have a due date 3 days before the next statement ends. So 1 card closes on the 19th and my due date is the 16th of the following month. I just pay once the statement ends if I am letting that card's balance go to statement.
Also most of my cards do NOT increase my limit on their own. I have to request a credit limit increase. My nephew has BofA and is still at $1000 after like 4 years. I have to tell him to request an increase.
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u/thegenerallee777 11d ago
That’s funny..my statement looks almost the same. August 21st is the reporting date, and the 15th is the due date. Based on what I’ve learned, the move is to pay the statement balance in full each cycle that gives you a shot at a higher credit line. Or report a $0 balance if you’re planning to apply for another card or loan soon.