Help with payment reporting confusion

[squisharella]

I believe I have not mastered what is hard for newbies and that is the knack of knowing when statements cut and what they report to the CRA's. I recently got a secured card with a $500 limit. I charged two gas trips on it which totaled $72 and the statement for that period was $36, due on November 24th. I paid in full 2 weeks before. On my credit report it states i paid $10 which was the minimum payment and my balance was $36. My score has not gone up at all in the last month, even though this is my first open account in a long time. Is there a reason for this?

[Naijaboiler]

So let me get this straight

 

- your credit limit is $500

- you spent $72, and then paid $36 of it off

- so you still probably had $36 left as your balance, which is exactly what is being reported

- the $10 being reported on credit reports is the minimum due not the amount you paid.

- next time if you want to have $0 balance report, paid the entire balance before the statement date.

[squisharella]

So let me get this straight

 

- your credit limit is $500

- you spent $72, and then paid $36 of it off

- so you still probably had $36 left as your balance, which is exactly what is being reported

- the $10 being reported on credit reports is the minimum due not the amount you paid.

- next time if you want to have $0 balance report, paid the entire balance before the statement date.

No that is not what I said sorry if it got convoluted. I did pay off the WHOLE $72. I do not want to pay interest. This is why the reporting confused me, it says I paid $10 which happened to be minimum, but I pif.

 

 

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[squisharella]

Re reading my question I realize I didn't state that I paid in full for all the charges even if it didn't show up on the statement. I did! Why would it not report that I wonder?

 

 

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[cv91915]

Not every credit card company reports your statement balance to the credit bureaus. Some report the balance as of the last day of the month, or at other times "mid-cycle." Here's a thread that may help.

 

http://creditboards.com/forums/index.php?showtopic=471527