When does Chase Freedom report to the credit bureaus?

This question is about the Chase Freedom®

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@WalletHub 08/12/20 This answer was first published on 08/12/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Chase Freedom reports to the credit bureaus monthly, usually a few days after the end of a cardholder’s monthly billing cycle. Chase will report the Freedom card’s credit limit, balance, payment history, account status and more to all three major credit bureaus: TransUnion, Equifax and Experian.

If you are late on your Chase Freedom payment, Chase will not immediately report that payment as late to the credit bureaus. They will only tell the bureaus you are late if the payment is at least 30 days past-due. However, even if you pay within that timeframe and don’t get marked as late by the bureaus, you’ll still have to pay a late fee. You’ll also lose the card’s grace period if you don’t pay in full by the due date, which means new purchases will start accruing interest immediately after you make them. You will need to pay your balance on time and in full for two consecutive months to get the grace period back.

If you’d like to see your most up-to-date credit report, you can view daily updates to your TransUnion report for free on WalletHub. That way, you’ll be able to check every day to see if there’s any new information from Chase on your report.

People also ask

What credit bureau does Chase use for approval?

Chase may use any of the three major credit bureaus to evaluate credit card applications for approval: Experian, TransUnion and/or Equifax. The credit bureau that Chase will pull your credit report from depends on which state you live in and which Chase credit card you apply for.

Reports from forums around the internet seem to suggest that Chase pulls Experian credit reports more often than the others. But they use all three major credit bureaus in some states.… read full answer

Keep in mind that Chase doesn’t release this information, so it’s impossible to be certain about which bureau they will pull your report from.

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What is the Chase Freedom Flex credit limit?

The Chase Freedom Flex credit limit is $500 or more. Everyone who gets approved for Chase Freedom Flex is guaranteed a credit limit of at least $500, and especially creditworthy cardholders could get limits a lot higher than that. There are reports of some customers getting a Chase Freedom Flex credit limit of over $20,000. The higher an applicant’s credit score and income are, the higher their starting credit limit is likely to be.… read full answer

The Chase Freedom Flex credit limit that you start off with isn’t necessarily your limit forever. Chase will routinely evaluate your account to decide whether you deserve a credit limit increase. They will do a harmless soft pull of your credit, and if you meet their standards, they will offer you an increase. Always paying on time and keeping your credit utilization low are key.

You can also ask for a Chase Freedom Flex credit limit increase online or by calling the number on the back of your card. If you ask for an increase, Chase may ask permission to do a hard pull of your credit, which will temporarily lower your credit score. It’s best to only ask for an increase if you’ve paid on time for the last 6 consecutive months and your credit has improved.

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