topic Re: Discover: Slow to restore available credit after payment? in Credit Cards

Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 13:54:57 GMT

Hi, just wondering people's experience with how long it takes Discover to update the available credit following a payment. This is a new card, so I don't know if they are more cautious. I paid twice, and the first one seemed to go through quickly, but the other posted 3/6 and is not reflected in available credit. I think the T&Cs say it may take 20 days, but looking more for real world experience!

Re: Discover: Slow to restore available credit after payment?

kdm31091 — Thu, 12 Mar 2015 13:59:12 GMT

In my experience it can take several days especially with a large payment and I've been with them for 3 years. One of my larger payments, something like $3k, took about 5 days to be reflected in available credit.

I think it's just how they are, nothing to do with it being new...seems like they're just not the fastest with it.

Re: Discover: Slow to restore available credit after payment?

baller4life — Thu, 12 Mar 2015 14:00:03 GMT

Always next day for me

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 14:02:19 GMT

@kdm31091 wrote:
In my experience it can take several days especially with a large payment and I've been with them for 3 years. One of my larger payments, something like $3k, took about 5 days to be reflected in available credit.

I think it's just how they are, nothing to do with it being new...seems like they're just not the fastest with it.

Is this a "Discover" thing per se? I ask because I have made payments of $5,100 and $5,200 on my Ritz card and all was available the very next day. My Amex posts immediately.

Re: Discover: Slow to restore available credit after payment?

kdm31091 — Thu, 12 Mar 2015 14:05:26 GMT

It seems to be a Discover thing, yeah; my other cards do not take as long to update.

Sometimes smaller payments are processed much more quickly, but the larger ones definitely take longer. I don't know the size of LTL's payment in this case, but my experience has been they are slower with the large payments for sure.

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 14:09:46 GMT

Next day here as well

Re: Discover: Slow to restore available credit after payment?

Jahmakan — Thu, 12 Mar 2015 15:19:21 GMT

I've experienced this very thing a couple of times with my Disover card as well. There is actually a statement/disclaimer that popped up telling me something along the lines of the available balance not being updated immediately in a situation where multiple payments are made within a short time period (believe it was three days) between each other; so the first one would update the next day, but the other ones would be delayed. Wasn't a problem in my case because I had enough of a cushion without the payments anyway, but I can see where it could be a problem if the funds would be needed as soon as possible. Not sure of their reason for doing it though.

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 15:29:44 GMT

I just made a payment yesterday and it reflected today.

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 15:32:42 GMT

@Jahmakan wrote:
I've experienced this very thing a couple of times with my Disover card as well. There is actually a statement/disclaimer that popped up telling me something along the lines of the available balance not being updated immediately in a situation where multiple payments are made within a short time period (believe it was three days) between each other; so the first one would update the next day, but the other ones would be delayed. Wasn't a problem in my case because I had enough of a cushion without the payments anyway, but I can see where it could be a problem if the funds would be needed as soon as possible. Not sure of their reason for doing it though.

OK, thanks, maybe the multiple payments was the issue

Re: Discover: Slow to restore available credit after payment?

growing123 — Thu, 12 Mar 2015 15:36:18 GMT

@Anonymous wrote:
Hi, just wondering people's experience with how long it takes Discover to update the available credit following a payment. This is a new card, so I don't know if they are more cautious. I paid twice, and the first one seemed to go through quickly, but the other posted 3/6 and is not reflected in available credit. I think the T&Cs say it may take 20 days, but looking more for real world experience!

I noticed that when I try to make more than one payment within the same week, I receive a message about 'for your security, the payment might not show in available credit for up to so many days..' (can't remember exact wording). I'm watching my utilization so I paid my bill in full, but there were a few pending charges I was trying to pay for before reporting. That's when I received that message.

Hope this helps..

ETA: the first payment goes through the next day.

Re: Discover: Slow to restore available credit after payment?

14Fiesta — Thu, 12 Mar 2015 16:04:43 GMT

@Anonymous wrote:
@Jahmakan wrote:
I've experienced this very thing a couple of times with my Disover card as well. There is actually a statement/disclaimer that popped up telling me something along the lines of the available balance not being updated immediately in a situation where multiple payments are made within a short time period (believe it was three days) between each other; so the first one would update the next day, but the other ones would be delayed. Wasn't a problem in my case because I had enough of a cushion without the payments anyway, but I can see where it could be a problem if the funds would be needed as soon as possible. Not sure of their reason for doing it though.
OK, thanks, maybe the multiple payments was the issue

I believe it was. I remember reading on Discover's site if you make 2 or more payments in 3 days, it will take up to 8 days for the extra payments to be reflected in available credit.

Edit: What Jahmakan said. (I didn't read it at first)

Re: Discover: Slow to restore available credit after payment?

ojefferyo — Thu, 12 Mar 2015 16:53:47 GMT

Mine is usually next day or with a 48 time frame

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 17:23:33 GMT

OK, so no more multiple payments not spaced apart.

Just learning about Discover. Is there a place they show declined transactions? I just tried a $4K transaction, which didn't go through, but a $2k one then did. I'm not used to that either! Generally if there is a decline, there is a fraud alert and later transactions are blocked. So just want to check it was discover who declined the first charge.

Re: Discover: Slow to restore available credit after payment?

onstar — Thu, 12 Mar 2015 17:51:35 GMT

Discover: Usually 1 day after payment date. One time it took 2 or 3 days.

All of my other cards: Same day or 1 day after payment date.

Amex: Usually instant. You hit payment Submit, and the available credit is instantly restored by the payment amount. Although one time, there was a glitch in the system: after I PIF, the available credit went down instead of going up (and there was no pending charges). It resolved itself without my intervention in about 5 days.

Re: Discover: Slow to restore available credit after payment?

ojefferyo — Thu, 12 Mar 2015 18:05:23 GMT

@Anonymous wrote:
OK, so no more multiple payments not spaced apart.

Just learning about Discover. Is there a place they show declined transactions? I just tried a $4K transaction, which didn't go through, but a $2k one then did. I'm not used to that either! Generally if there is a decline, there is a fraud alert and later transactions are blocked. So just want to check it was discover who declined the first charge.

Now that's strange, give them a call and see what's going on.

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 20:57:51 GMT

@Anonymous wrote:
OK, so no more multiple payments not spaced apart.

Just learning about Discover. Is there a place they show declined transactions? I just tried a $4K transaction, which didn't go through, but a $2k one then did. I'm not used to that either! Generally if there is a decline, there is a fraud alert and later transactions are blocked. So just want to check it was discover who declined the first charge.

They should send you an email regarding the decline and a little information why. It may have just declined because the card is new and they don't know how you spend yet, since it was such a large purchase.

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 21:28:09 GMT

Mine is usually with a few hours, occasionally up to 24. I make 4 or 5 payments a month on my discover and never really have it take longer than a day. It may have something to do with your banks interactions with discover as well.

One of my CU's does not play nice with US bank and payments post slow, and avail credit is slow to restore. My other CU its nearly instant, so I am pretty sure its where the money is coming from, not on US banks side.

Re: Discover: Slow to restore available credit after payment?

core — Thu, 12 Mar 2015 21:35:24 GMT

These "poll" responses are not all that useful for comparison purposes without mentioning the payment method. There's a big difference between pushing payments, pulling payments, and sending them a personal check from your bookie.

Pushing the payments from your Discover Bank account would likely result in no hold once it actually posts, but I haven't kept a close eye on my available credit in the past to see. But you're getting a free $0.10 each time so why not make them pay up.

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 22:17:31 GMT

@Anonymous wrote:
OK, so no more multiple payments not spaced apart.

Just learning about Discover. Is there a place they show declined transactions? I just tried a $4K transaction, which didn't go through, but a $2k one then did. I'm not used to that either! Generally if there is a decline, there is a fraud alert and later transactions are blocked. So just want to check it was discover who declined the first charge.

AGC transactions authorize as cash advances (but post as purchases), so your CA limit is probably the issue there.

Re: Discover: Slow to restore available credit after payment?

Anonymous — Thu, 12 Mar 2015 22:21:43 GMT

@Anonymous wrote:
@Anonymous wrote:
OK, so no more multiple payments not spaced apart.

Just learning about Discover. Is there a place they show declined transactions? I just tried a $4K transaction, which didn't go through, but a $2k one then did. I'm not used to that either! Generally if there is a decline, there is a fraud alert and later transactions are blocked. So just want to check it was discover who declined the first charge.
AGC transactions authorize as cash advances (but post as purchases), so your CA limit is probably the issue there.

My CA limit is (just) large enough, $4.5K but maybe some is being held from the other purchases, so good point.