Re: Thank you Discover..
10-07-2012 10:02 AM
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?
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 670, Wally TU 700, EX 718 (11/29/13, EX 07/11/13)
Goal Score: 680 in all three (01/01/14)
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