Table of Contents
- Does Capital One report to the 3 major credit bureaus?
- When does Capital One report to the credit bureaus?
- How often does Capital One report to the credit bureaus?
- What information does Capital One report to the credit bureaus?
- How to view your credit report
- How to build credit with a Capital One credit card
Lenders can choose whether they report information to the credit bureaus, which bureaus they report to, and what information they report.
When credit cards report to credit bureaus is an important part of building credit, as the information given is used to update your credit report and corresponding credit score.
Does Capital One report to the 3 major credit bureaus?
Yes, Capital One reports to the three major credit bureaus:
- Equifax
- Experian
- TransUnion
When does Capital One report to the credit bureaus?
Capital One reports to the credit bureaus within 3 days of your statement closing date.
Your statement closing date is the final day of your credit card billing cycle. To find your statement closing date, you can:
- Check your credit card statement.
- View your billing cycle information in your online account.
- Call the number on the back of your credit card and ask a customer service representative.
How often does Capital One report to the credit bureaus?
Capital One reports to the credit bureaus every 30 days.
What information does Capital One report to the credit bureaus?
Capital One reports the following details to the credit bureaus:
- Credit card information
- Behavior of account
Although Capital One hasn’t specified what these items include, it’s reasonable to assume the following:
- Credit card information = name of cardholder, type of account, card opening date
- Behavior of account = statement balance, recent payments, late or missed payments
How to view your credit report
Capital One does not offer credit reports to its cardholders. However, you can check your credit score health and details through CreditWise, a service attached to your Capital One account.
To access CreditWise, log into your online Capital One account, or sign in to your Capital One app.
How to build credit with a Capital One credit card
Because Capital One reports to all three major credit bureaus, you can use your credit card to build credit and improve your credit score.
To build credit with your Capital One credit card:
- Use your card regularly: Using your Capital One card responsibly each month gives Capital One positive marks to report to the credit bureaus. If you have a low credit limit or worry about being able to pay your credit card bill, charge a small recurring purchase to the card (like your Netflix or Amazon subscription).
- Use less than 30% of your credit limit: An important factor in determining your credit score is your credit utilization rate, which is how much of your total credit you’re using. You want this number low, so try to only use less than 30% of your credit limit, or less than 10% for an even better rate.
- Pay your bill on time: The most important part of building credit and raising your credit score is making on-time payments to your Capital One account. When you pay your credit card bill also matters if you’re trying to raise your score. Pay your credit card bill in full by the due date, and pay down most of it by the statement closing date (since that’s the time Capital One reports your account standing) to maximize positive reporting.
- Ask for a credit line increase: Increasing the credit limit on your Capital One credit card will boost your credit score by automatically reducing your credit utilization. It’ll also strengthen your credit profile by showing lenders you can handle access to more funds.
- Keep your account open: The length of your credit history also contributes to your credit score, so keep accounts open to increase your average credit age.
