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Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Does Discover update multiple times a month?

I swear the my Discover card just posted on June 3 with a balance of $59. I pulled TC just a second ago and it posted today with $51. Has anyone else had any similar experiences with Discover?
Here we go again...
Valued Contributor
Posts: 1,291
Registered: ‎02-26-2008
0

Re: Does Discover update multiple times a month?

Yes, I have had them update mid cycle before. It's annoying.
Regular Contributor
Posts: 244
Registered: ‎10-15-2007
0

Re: Does Discover update multiple times a month?

What??  I just got a discover. They report twice a month??
Regular Contributor
Posts: 106
Registered: ‎05-15-2008
0

Re: Does Discover update multiple times a month?

[ Edited ]


Message Edited by ferferhess on 06-21-2008 09:35 AM
The hardest part is waiting!! I'm an instant gratification girl!!!
06/24/2008: TU 708, EQ 705, EX 712
06/09/2008: TU 699, EQ 688, EX 712
Valued Contributor
Posts: 1,291
Registered: ‎02-26-2008
0

Re: Does Discover update multiple times a month?

They quit doing two-cycle average daily balance, at least on new cards. They generally update to the CRAs once per month at the statement, but sometimes they have an extra update. I don't know why.
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Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
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Re: Does Discover update multiple times a month?

They posted twice on us by accident, but it was unrelated to the billing cycle. They updated as usual the day of our statement (the 18th) with a $0 balance, and then again about 10 days later with a balance. This was back when I only had a few cards, and I got dinged by TU for too many accounts with balances. (It was at Christmas time.)

I knew that it was an artificial score drop, and that it would come back, but I was curious, so I called Discover to politely ask WTH. They were baffled, and said they'd check into it, and about five days later (without my asking) updated AGAIN to show a back-to-$0 balance. (I had already paid it back down again.)

So I don't know what makes this sometimes happen, but if it's causing a problem, and you can't wait until the next normal date, you can call and ask them what's going on. They might restore it to the statement balance.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
Posts: 739
Registered: ‎06-30-2007
0

Re: Does Discover update multiple times a month?

[ Edited ]
only did this to me when I first got the card, right away report 0 balance then again that month with a $17 balance, after that it always update after the statement cuts

Message Edited by rbbyrbsn on 06-21-2008 09:01 AM
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Frequent Contributor
Posts: 433
Registered: ‎02-07-2008
0

Re: Does Discover update multiple times a month?

I've had my Discover for 4 months now. It always reports monthly - but I also had one mid-statement extra update.
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