What?! Discover Payment Policy

[Scott_S]

So I just made my first payment on Discover It card.  I was waiting for a small transaction to post, but it was taking forever and I thought I just make another payment when it posts.  So today has posted and received a message before I submitted the payment

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For the safety and security of your account, if you make payment more often than every 3 days, your payments may NOT be reflected in your available credit for up to 8 days.

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This is stupest thing I have ever heard!!!!!!

[longtimelurker]

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@Scott_S wrote:

So I just made my first payment on Discover It card.  I was waiting for a small transaction to post, but it was taking forever and I thought I just make another payment when it posts.  So today has posted and received a message before I submitted the payment

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For the safety and security of your account, if you make payment more often than every 3 days, your payments may NOT be reflected in your available credit for up to 8 days.

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This is stupest thing I have ever heard!!!!!!

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You must have had a very nice upbringing if that really is the stupidest thing you ever heard....

Just one of their identified fraud risk factors.

[Anonymous]

Ok so micropayments are a no....

one lump sum ok.  

Not like Cap1 and BoA who's taken them like candy.

[Hokies2379]

Can we please not use the "R" word. It's certainly not necessary.

[Anonymous]

Most CC issuers have similar policies for new accounts. It's nothing unusual.

[SunriseEarth]

This thread was initially posted with a title that included a term that may be considered offensive against persons with certain types of developmental delay.   In the interest of maintaining the Forum's "FSR" standards--as well as to prevent distraction from a topic that may be of value to forum members--references to this term have been removed from the thread.   

If you have any questions or concerns, please feel free to message me on this issue.  

SunriseEarth

Moderator

[Hokies2379]

Bravo. 

[dragontears]

Yep that is their policy and it is not just for new accounts. I have heard of people being able to call in and get the hold released before the 8 days but might just be easier to space your payments with at least 4 days in between.

[Anonymous]

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@Scott_S wrote:

So I just made my first payment on Discover It card.  I was waiting for a small transaction to post, but it was taking forever and I thought I just make another payment when it posts.  So today has posted and received a message before I submitted the payment

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For the safety and security of your account, if you make payment more often than every 3 days, your payments may NOT be reflected in your available credit for up to 8 days.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This is stupest thing I have ever heard!!!!!!

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You've been a registered user here since 11/9/2011 which means you knew exactly what to expect in that very scenario.

[SunriseEarth]

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@Scott_S wrote:

So I just made my first payment on Discover It card.  I was waiting for a small transaction to post, but it was taking forever and I thought I just make another payment when it posts.  So today has posted and received a message before I submitted the payment

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For the safety and security of your account, if you make payment more often than every 3 days, your payments may NOT be reflected in your available credit for up to 8 days.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This is stupest thing I have ever heard!!!!!!

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Many lenders set specific policies regarding payment frequency.   Most commonly, there is a monthly limit (e.g., Sync Bank typically limits to 4 payments per month).  I really don't find their limit too problematic.   Are you trying to optimize currently for a specific goal (auto loan, mortgage, app spree, etc)?   If so, then I understand your frustration.   If not, just bear in mind that scores are a just a snapshot of your credit at a current moment.   UTIL can always be corrected to what you want in the next reporting period.