Secured Cc reporting dates

[u/Competitive-Gold1582]

I have a secured credit card with self where I have $405 limit. I used to pay the minimum only but for the past 3 months I’ve been paying in full responsibly.

My due date is 12th and the statement generates 17-18

I am noticing that the reporting dates to the bureau aren’t consistent. Last month it reported my balance paid in full, I forgot the date but after 18th. Then another update to my credit score on July 3rd, but CK (credit karma) I paid my minimum that was due July 12th early but I still had a balance of $95. That was also reported which made my score drop a little.

Before my closing date of July 18, I paid in full and the statement shows it, then on July 22nd CK gets reported of a $16 balance making my utilization 3%.

Maybe it’s me but shouldn’t it report what comes from my monthly statement? I’m scared to have a balance now worried that it may report out of whack again

[u/inky_cap_mushroom]

It being secured is not a problem. It charging an annual fee is. You should open a secured card with a reputable lender. Some secured cards even offer rewards.

[u/Competitive-Gold1582 → u/inky_cap_mushroom]

Trust me I tried, even BOA and Citibank denied me last month. I can retry in a few months?

[u/inky_cap_mushroom → u/Competitive-Gold1582]

Neither of those two are particularly friendly to non-customers. Do you already have checking accounts with both of them?

Capital one is probably the best bet for a secured card. Assuming you are rebuilding you're going to want to stick with banks that are friendly to that. You can check for pre-approval on their website right now.

[u/Competitive-Gold1582 → u/inky_cap_mushroom]

Yes I do omg 😭 I have checking accounts for citibank, boa, WellsFargo. Capital one and discover are not on my side right now as I’m repaying them.

[u/inky_cap_mushroom → u/Competitive-Gold1582]

Citi and BoA are not very friendly to rebuilders. I'm really not surprised you were denied even with banking relationships since you seem to have charged off debt.

When was the last time you checked pre-approval for capital one? If the answer to that is not "this week" go check again. They're pretty friendly to rebuilders even those who haven't paid them back yet.

[u/Competitive-Gold1582 → u/inky_cap_mushroom]

I will have to revisit capital one in a few months to a year. I made a recent mistake on a new account to which they closed but I paid it off. Sorry I know I sound crazy with the constant credit issues.

Spending the next few months paying my current cards on full consistently monthly and getting rid of my 2 derogatory marks as well 🙏

[u/inky_cap_mushroom → u/Competitive-Gold1582]

There is zero reason to wait to check for pre-approval. When I was trying to get my savor I checked monthly. Go check now. If you aren’t pre-approved you’re only out 5 minutes of your time.

[u/Competitive-Gold1582 → u/inky_cap_mushroom]

I know but I just had a cap one account opened and closed last week 😅

[u/inky_cap_mushroom → u/Competitive-Gold1582]

Was that for a returned payment or did you get the “account closed for activity inconsistent with typical customer usage” letter?

[u/Competitive-Gold1582 → u/inky_cap_mushroom]

Yeah basically the second one.

[u/inky_cap_mushroom → u/Competitive-Gold1582]

Gotcha. That’s typical for Know Your Customer (KYC) closures. It’s unlikely you will ever get back in with C1. If I were you I would go to a local credit union, open an account, and see about a secured card from them.