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Established Contributor
Posts: 651
Registered: ‎08-07-2012
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Re: Discover mid-cycle reporting... again!


HiLine wrote:

MountainHiker wrote:

SwampSystems wrote:

I was very apprehensive before using my Discover card again after the last statement cycled. Last cycle I ran up a balance 2 days after the statement closed, which was promptly reported at Experian (though not at Equifax or TransUnion). This month, I made sure to wait until EX and EQ reflected an updated zero balance before spending again.

 

Today, almost 2 weeks into my new cycle, they reported my current balance of $310 to TransUnion! My TransRisk score c/o CreditKarma went from a 751 to a 723, but my TransUnion FICO c/o Walmart only went from 744 to 743. I guess this just goes to show how little value you can put into FAKO scores!

 

I'm to the point with my credit limits where a little utilization won't kill me, but it's just frustrating to see mid-cycle reporting after you've worked so hard to get a zero statement balance. I'm still waiting for $12,750 in CLIs to update on the rest of my cards, so I guess it won't make much of a difference after that.

 

Just wanted to give you all a heads-up that this seems to be the norm for Discover.


I want a Discover card and plan to app for it in march but this ult issue of mid-cycle reporting is a real inconvience unless you have 5 figure limits in total. Won't stop me from going after the card but I will have to adjust my spending habits so that the card is paid off a couple days after a purchase. Or I'll have to alternate using cards from month to month in order to avoid ult concerns during a month when I might need to use my credit.


Or, push a payment from your bank before making the purchases. :smileywink:

 


Another good option!

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
0

Re: Discover mid-cycle reporting... again!

I actually just called Discover today and asked if they could manually update my balance to reflect on my credit report and they said "sure no problem" so I will log into credit karma tomorrow and see if my new balance shows.

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






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