Mega Contributor
LS2982
Posts: 14,452
Registered: ‎04-09-2011
Thank you Discover....

‎10-07-2012 04:15 AM

My statement closing date is the 27th evey month.

 

I pulled my credit this morning and they mid cycle reported $423, Really??

 

This card is looking more and more good for my sock drawer. :smileymad:



Silver Spade Garden Club Member - Last App 1/6/13 - No Apps until 1/7/2015 / Diamond Inspired!
Starting Score: EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 689 / EQ FICO 659 / TU08 FICO 702 / TU98 FICO 672 / TU VS 709 5/23/2013
(1,019 Views)
 
Regular Contributor
Default4
Posts: 131
Registered: ‎07-03-2012
Re: Thank you Discover....

‎10-07-2012 04:30 AM

Ouch! I've been lucky, whenever they have done a mid cycle update I've had a fairly low balance. Any reason why they did one on you? CLI Button?

Current Scores: TU 746, EX 755, EQ 724
Goal Scores: 760+
Last App: April 20, 2013
Cards: Cap1 Platinum, Discover it, AMEX Green, Paypal Extras, AMEX Delta Gold, Penfed Platinum Cash, and Chase Freedom.
(1,007 Views)
 
Mega Contributor
LS2982
Posts: 14,452
Registered: ‎04-09-2011
Re: Thank you Discover....

‎10-07-2012 04:48 AM

Default4 wrote:

Ouch! I've been lucky, whenever they have done a mid cycle update I've had a fairly low balance. Any reason why they did one on you? CLI Button?

I called in for a CLI and got declined, tryed online and it said im not eligible at this time. That shouldnt mean report again.

 



Silver Spade Garden Club Member - Last App 1/6/13 - No Apps until 1/7/2015 / Diamond Inspired!
Starting Score: EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 689 / EQ FICO 659 / TU08 FICO 702 / TU98 FICO 672 / TU VS 709 5/23/2013
(990 Views)
 
Established Contributor
maiden_girl
Posts: 1,157
Registered: ‎12-29-2011
Re: Thank you Discover....
[ Edited ]

‎10-07-2012 06:40 AM - edited ‎10-07-2012 06:49 AM

SIMILAR PROBLEM HERE! I don't like how Discover reports at all! I had already paid my balance down to zero. After the fact...it reported on my CR during mid cycle! Luckily I had only a 10 dollar balance but it was 0 by the time they reported my previous balance...LOL. And get this! There was NO statement generated for the month b/c I had a ZERO balance..WTH Discover?? Most CCCs generate statements even if there is no balance only if you've had activity for the period...why is Discover different?

The truth is out there...
FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
My Wallet: Capital One 1.5k | Macy's 1.0k | Living Spaces 8.5k | Ashley 5.5k | Amazon 2.0k | Discover IT 1.5k | Walmart Discover 1.5k | Chase Freedom 4.5k
(934 Views)
 
Valued Contributor
Duncanrr
Posts: 2,500
Registered: ‎06-08-2012
Re: Thank you Discover....

‎10-07-2012 07:16 AM

Don't they have to legally generate a statement if you had activity? Say I run 2k through card and when statement was about to cut I just login and pay in full (say im in airport and just login on mobile app). When I get statement in mail/email I notice that I had a charge for $100 that wasn't mine.

Don't you need a statement to check these things? (I know with bank statements you typically have 30 days after you receive statement to contest a charge). When would this period start if u never receive a statement?


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 678 TU 702 (Amex pull) EX 724 (Amex) CK 682 (FAKO-EX 684, EQ 684, TU 684)
Goal Score: 750
Take the FICO Fitness Challenge
(892 Views)
 
Valued Contributor
youngandcreditwrthy
Posts: 3,777
Registered: ‎08-16-2012
Re: Thank you Discover....

‎10-07-2012 08:20 AM

Lol this seems like good advice - the fact that Disc mid cycle reports.

We should complain to the CFPB. :-)
Paypal Extras Plat MC $25k | Lowe's $12k | Amex BCE $10.5K | WMT Discover $15k | Ban Repub Visa $14k | Dillard's $10k | Travelocity Amex $7.7k | JCP $6.5K | Smile Gen $6.25k | Freedom Visa $5k | Citi Dia Pref $5k | C1 No Hassle Cash Visa $5k | Discover IT $4.75k | Amazon Store $10k | ANFitch $2.95k | Express $3.05K | Chevron $2.1k | Orchard Gold $1.7k
(807 Views)
 
Valued Contributor
jsucool76
Posts: 2,649
Registered: ‎12-11-2011
Re: Thank you Discover....

‎10-07-2012 08:29 AM

Mid cycle reporting paired with .25% CB until $3000 spend makes this card seem lame. XD


Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
(792 Views)
 
Established Contributor
laboi_22
Posts: 612
Registered: ‎07-07-2011
Re: Thank you Discover....

‎10-07-2012 08:57 AM

I love Discover as well, but they do have some shady practices. It does make me reconsider using their card extensively. 

Current Scores: EX - 728 FICO (5/11/13) TU - 774 FICO (5/16/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
(766 Views)
 
Mega Contributor
LS2982
Posts: 14,452
Registered: ‎04-09-2011
Re: Thank you Discover....

‎10-07-2012 09:05 AM

Well they just got demoted to auto pay electric bills only. :smileyvery-happy:



Silver Spade Garden Club Member - Last App 1/6/13 - No Apps until 1/7/2015 / Diamond Inspired!
Starting Score: EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 689 / EQ FICO 659 / TU08 FICO 702 / TU98 FICO 672 / TU VS 709 5/23/2013
(752 Views)
 
Valued Contributor
RyVision
Posts: 1,236
Registered: ‎04-15-2011
Re: Thank you Discover....

‎10-07-2012 09:28 AM

 

Well, I'm not as observant about the mid-cycle reporting part  :smileyembarrassed:

 

However, it was about a month after I was declined for a CLI that they called and offered me most of what I requested....    over half anyway.

 

Just thought I'd share the info.  It was also close to maxed at the time (0% that I use the omph out of...). 

(725 Views)