Capital One regularly reports to all three major credit bureaus. Knowing when Capital One reports to credit bureaus can help improve, maintain or save your credit score.
When does Capital One report to credit bureaus?
Depending on your billing cycle, Capital One reports to the credit bureaus within 4-6 days after your payment due date.
Here is how it works:
- Capital One credit card statements show a 30-day billing cycle at the top right on the first page of your statement. A credit card’s billing cycle is generally 28 to 31 days long.
- Credit card bills are due on the same date each month or the next business day if the due date falls on a holiday or weekend.
- Capital One generally updates your credit report 4-6 days after your payment due date.
In the below example, the Capital One credit card due date is October 27, 2020. On or about November 1 through 3, Capital One will update a cardholder’s credit report with information like payment amount, account balance, and credit limit.
Does Capital One Report To All Credit Bureaus?
Yes. Capital One reports cardholder history to Experian®, Equifax® and TransUnion® once per month. However, Capital One may not report cardholder information to each of the credit bureau on the same date. That means in the above example, a cardholder’s account that is due October 27, 2020, could be updated any date between the 4 to 6 day period after the cardholder’s due date.
It’s important to know when you credit card reports to the credit bureaus. It can help you change your credit score by actively being aware of the information reported.
Your scores could change every time new information—like new accounts or changes to your account balances—is reported and reflected in your credit reports.
Multiply that by every bank and lender that reports to your credit files, your credit scores can change often—even multiple times a day. It’s normal for your scores to fluctuate.
How to find the date Capital One Reports To Credit Bureaus
The best way to know when Capital One reports to the credit bureaus is to order your FREE credit reports from all three major credit bureaus. Your credit reports will display the exact date the report was updated by Capital One. You may notice that each credit bureau will have a slightly different date the report was updated.
Which Credit Bureau Does Capital One Use?
When applying for a credit card, Capital One has been known to pull from all three major credit bureaus: Experian®, Equifax® and TransUnion®.
How Your Billing Cycle Affects Your Credit Score
Your credit scores are based on the information credit card issuers report to the credit bureaus. Knowing when your billing cycle ends can be important because credit card balances are often reported at the end of each billing cycle.
If you know when your billing cycle will end, you could pay down the account’s balance which decreases the credit utilization ratio (amount owed) reported reported to the credit bureaus. A lower amount owed can potentially improve your credit score by lowering your utilization ratio.
One of the main factors in a credit score is your credit utilization ratio. Credit utilization (amount owed) makes up 30% of the formula used to calculate your credit score. A high credit utilization can have an adverse impact on your score.
Credit utilization ratio is calculated by dividing the account balance by its credit limit. High credit utilization can hurt your credit scores.
For example, if your reported balance is $4,000 and your credit limit is $5,000, your utilization rate for that card is 80%. That’s considered very high and can negatively impact credit scores. Generally, your credit utilization should be 30% or less of your available credit limit. Ideally, credit utilization should be 10% or less. Using less of your available credit will likely result in higher credit scores. A higher utilization could be a sign to banks that you can’t manage credit responsibly
Conclusion
Capital One reports to the credit bureaus within 4 to 6 days after the payment due date listed on your statement. Plus, Capital One will report your credit card information to all three major credit bureaus (Experian®, Equifax® and TransUnion®.)
