Credit Cards

[hollyanimal]

Hi,

Does Discover report when the statement cuts? Thanks.

[FretlessMayhem]

They usually report within a couple days of the statement cutting, in my experience.

[athensguy]

Discover also has a slightly unpleasant tendency to report mid-cycle.

[BungalowMo]

---

athensguy wrote:
Discover also has a slightly unpleasant tendency to report mid-cycle.

---

Nasty 8@$+@rd$!!!!!!     I hate that!

[jaysdad2k]

My Discover closing date is the 9th. They report on the 9th or 10th.

[txjohn]

Discover has been a mixed bag for me.  My statement cuts the 20th and it updates on the 20th, but it then reports again on the 26th.  And it reports "current balance" on the 26th, not statement balance as of 20th.

So, I have to pay off the card by the 20th, then not use it till the 27th if I want a $0 balance reported.

I have called in and they have promised to do mid cycle CRA updates for my balance, but it never happens.

[athensguy]

---

txjohn wrote:

Discover has been a mixed bag for me.  My statement cuts the 20th and it updates on the 20th, but it then reports again on the 26th.  And it reports "current balance" on the 26th, not statement balance as of 20th.

So, I have to pay off the card by the 20th, then not use it till the 27th if I want a $0 balance reported.

I have called in and they have promised to do mid cycle CRA updates for my balance, but it never happens.

---

That's pretty strange.

In my case, the statement cuts on the 27th and reports that balance. It's one of my cards that I pay to $0 for the sake of the reporting. Occasionally there is a random update in the middle of the cycle. It's nothing regular like what you're seeing though.