No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@jsucool76 wrote:
Mid cycle reporting paired with .25% CB until $3000 spend makes this card seem lame. XD
It's a subprime approval, until the recent changes circa June from other lenders it was a reasonable card I think. Now I have to agree I don't know if it really makes any sense, that may be a part of the reason Discover is reportedly phasing it out in favor of the IT? Wouldn't surprise me if the reward structure changes a little too.
AFAIK there's nothing illegal with reporting mid-cycle, a non-trivial number of lenders do this for various reasons. I don't know about that statement generation bit though, that does seem unique to them and it's not exactly a huge cost savings not to generate an electronic statement at least. I think most people have gone paperless at this point on their credit cards?
Discover didn't even report for me yet for August! They usually report a day or two after my billing statement closes like clock work, and here it is the 7th of October and they still haven't reported. SMH!
@Duncanrr wrote:
Walmart discover just mid cycle reported on mine. Have nice 51% UTIL on it and lost another 8 pts.
Same EXACT thing happened to me! Walmart mid cycle reported this month and it cost me 4 pts. ohh I was pissed when i read the alert from EQ.
@Duncanrr wrote:
This is mid-cycle in 2nd statement
2nd statement for me as well...
@Duncanrr wrote:
Walmart discover just mid cycle reported on mine. Have nice 51% UTIL on it and lost another 8 pts.
That's actually not Discover but GECRB...lol