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.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.