Chase mid statement cycle update and “0” Balances

QuestionsChase mid statement cycle update and “0” Balances
asked 5 years ago

So, I just got both Freedom and CSP about 1 month ago.  My scores dropped 13-17 points as a result of the new accounts, which I was expecting. However, I remembered reading here on the forums that Chase will update to CR mid-statement cycle if you go to “0” balance.  None of my other accounts have ever done that, so I was a bit skeptical.  

 

I did a fair amount of spend on both cards working toward my bonuses, then PIF and didn’t use the card for a few days to see what would happen.  Sure enough, I can report that Chase did update when I had “0” balances and I got a nice 5 point bump on all my reports as a result!  Not a big deal for the 800 club, but for those of us trying to stay in the 700 club it was a nice boost and pushed my Equifax score back over 700.  701, just looks much better than 697!! :smileyhappy:  

 

I know scores will bounce around and it will drop back down, but just thought I would share, for those of you looking for a way to tweak out those few extra points before your next statement date for app spree, mortgage or what have you.  

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