topic Re: Paying Discover Early in Credit Cards

Paying Discover Early

Inscorehell — Mon, 29 Oct 2018 00:01:55 GMT

I was recently approved for a Discover secured card. Will the online system allow me to make a payment for part of my balance before my first statement cuts? I realize I will still owe a payment once the statement does cut.

Re: Paying Discover Early

Felony_Phil — Mon, 29 Oct 2018 00:17:18 GMT

I've never had a problem paying before the statement date nor have I had problems making multiple payments in a cycle.

Re: Paying Discover Early

Medic981 — Mon, 29 Oct 2018 01:02:04 GMT

@Felony_Phil wrote:
I've never had a problem paying before the statement date nor have I had problems making multiple payments in a cycle.

+1, neither have I.

Re: Paying Discover Early

Inscorehell — Mon, 29 Oct 2018 01:08:47 GMT

Thank you.

Re: Paying Discover Early

Miner — Mon, 29 Oct 2018 02:01:49 GMT

Back when my Discover was still secured with only a $500 limit, I occasionally ran over $2000 through it within a month period. But my actual statements never showed more than $50 owed. I obviously was able to make multiple payments within that period. If a balance is shown on your online account, you can make a payment towards it on any day you like no matter what your last statement said or when the next one will cut.

Re: Paying Discover Early

Anonymous — Mon, 29 Oct 2018 02:39:05 GMT

Just push it from your checking bill pay. Done

Re: Paying Discover Early

Vu — Mon, 29 Oct 2018 04:08:04 GMT

Based on my personal experience. If you want early graduation from Discover. Don't use the card heavily.

Re: Paying Discover Early

Anonymous — Mon, 07 Jan 2019 01:15:04 GMT

@Vu I disagree based on other threads.
No one seems to have cracked the formula but it seems that many have used Disco heavily and still graduated on-time or early. While others have had opposite experiences.
It seems like there are a lot of things that go into play but using the card heavily doesn't necessarily mean a longer period of security.

Re: Paying Discover Early

Anonymous — Mon, 07 Jan 2019 02:00:30 GMT

You should be fine.