topic Re: Discover It: Making a payment on the closing date. in Credit Cards

Discover It: Making a payment on the closing date.

Anonymous — Fri, 24 Nov 2017 09:11:55 GMT

My statement cuts tomorrow on the 25th and I still have a pending charge from the 20th that has yet to post. I figured it would post today but no such luck. If the charge posts tomorrow when my statement is set to close but I make a payment before 5pm, will that balance reflect on my next statement?

Re: Discover It: Making a payment on the closing date.

Gidgetmom — Fri, 24 Nov 2017 10:45:46 GMT

I have a new discover card. I wasn’t exactly sure when the Statement was going to cut, so I made PIF. I PIF on the Statement date, before 5pm. It still cut with a balance and reported the balance. Could be because it was my first payment. YMMV

Re: Discover It: Making a payment on the closing date.

pip3man — Fri, 24 Nov 2017 12:42:03 GMT

If u made the payment before 5pm and the purchase post before the statement closes, it will report a $0 balance.

Re: Discover It: Making a payment on the closing date.

JSS3 — Fri, 24 Nov 2017 17:37:08 GMT

You won't be able to make a payment on charges that haven't posted. Not on Discover's website.

Re: Discover It: Making a payment on the closing date.

Anonymous — Fri, 24 Nov 2017 19:00:49 GMT

I know that, i'm talking about when the charge posts.

Re: Discover It: Making a payment on the closing date.

Anonymous — Fri, 24 Nov 2017 19:23:04 GMT

Are you pushing the payment to Discover or pulling it from your checking account? I have always pushed my payments to Discover and they take at least a day usually three days. So if you try it, I would suggest you pull the payment to Discover.

Re: Discover It: Making a payment on the closing date.

Anonymous — Sat, 25 Nov 2017 01:58:37 GMT

If you do it tonight by midnight it's possible.

But in my experience, an extra payment on the closing date never worked..especially on a Saturday.

Re: Discover It: Making a payment on the closing date.

Anonymous — Sat, 25 Nov 2017 02:00:02 GMT

Also, with the holiday. The charge probably won't post until Monday anyway.

Re: Discover It: Making a payment on the closing date.

marty56 — Sat, 25 Nov 2017 11:10:27 GMT

If Discover allows multiple payments in thew same month I would pay the minimum payment as soon as you get the new statement and then wait till the last moment to pay the rest off. In this way you won't have a late payment. I would never wait till the last day. Too many horror stories here.

Re: Discover It: Making a payment on the closing date.

HeavenOhio — Sat, 25 Nov 2017 15:10:31 GMT

By law, even if it takes several days for the payment to post, banks have to credit your payment as on time if you initiate it before the close of business on the due date. That doesn't mean it's a good idea to wait until the bitter end, though. It becomes a pain in the butt if something goes wrong.

However, there's no such guarantee if you're trying to pay by the statement cut date or any other self-imposed deadline.