topic Re: Discover Card Statement Question in Credit Cards

Discover Card Statement Question

laboi_22 — Sun, 25 Sep 2011 19:02:02 GMT

I noticed somewhere on the forums (can't find where now) and interesting comment regarding Discover and their statements. The poster mentioned that Discover reports your balance on the statement due date as opposed to the statement cut date. Is there any validity to this? If that were the case, I would consider using my new Discover as my primary spending card and let the BofA card SD itself.

Re: Discover Card Statement Question

Anonymous — Sun, 25 Sep 2011 19:19:59 GMT

Due u mean payment due date?????

Re: Discover Card Statement Question

laboi_22 — Sun, 25 Sep 2011 19:24:33 GMT

Yes payment due date

Re: Discover Card Statement Question

Anonymous — Sun, 25 Sep 2011 19:31:57 GMT

My balance on the statement gets reported every month.

Re: Discover Card Statement Question

laboi_22 — Sun, 25 Sep 2011 19:44:40 GMT

On which date? The statement cut date or the payment due date?

Re: Discover Card Statement Question

MarineVietVet — Sun, 25 Sep 2011 20:31:12 GMT

My monthly statement date is always the 13th of the month. That is when my balance ie reported. The due date is always the 8th of the following month. I've never seen a deviation of this.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Discover Card Statement Question

laboi_22 — Sun, 25 Sep 2011 20:54:40 GMT

Thank you for the information. That is what I suspected.

Re: Discover Card Statement Question

Anonymous — Sun, 25 Sep 2011 21:00:42 GMT

Balance gets reported on the statement cut date

Re: Discover Card Statement Question

KIPPIE12 — Mon, 26 Sep 2011 02:11:56 GMT

same here, statement date as well

Re: Discover Card Statement Question

RockinRay — Mon, 26 Sep 2011 20:44:51 GMT

Yep - statement date all the time.

Ray

Re: Discover Card Statement Question

mxp114 — Mon, 26 Sep 2011 20:48:02 GMT

This is very strange but just happened to me. My Discover 08/11 statement balance was $0. I initiated a dispute on EQ because of the comments listed. After the dispute was resolved, Discover updated the balance to $988 which is a balance I had sometime during the cycle but never a statement ending balance.

Re: Discover Card Statement Question

laboi_22 — Tue, 27 Sep 2011 03:31:58 GMT

Hmmm this is interesting. I've read about this elsewhere on the forum. That is where my question is derived.

Re: Discover Card Statement Question

Anonymous — Tue, 27 Sep 2011 15:28:32 GMT

I have experienced some quirky Discover reporting in the past, as have some other members here (HTSU, got your ears up?)

It seems to me that a CLI request, a dispute or anything involving what may be a quick look at credit reports (hard or soft) may trigger a mid-cycle report of outstanding balance.

That's the best I can come up with, and that's just based on my personal experiences and past reports from other members here.

In other words, ask 'em for something, and that mid-cycle report may happen.

Glad you got that Discover, and also glad that it helps your utilization. A year down the road, if you use this card, your CL may be much, much higher than it is now. Discover is conservative out of the gate, but becomes quite generous once they know you a bit.

Hope this helps!

Re: Discover Card Statement Question

Anonymous — Tue, 27 Sep 2011 21:03:46 GMT

@mxp114 wrote:
This is very strange but just happened to me. My Discover 08/11 statement balance was $0. I initiated a dispute on EQ because of the comments listed. After the dispute was resolved, Discover updated the balance to $988 which is a balance I had sometime during the cycle but never a statement ending balance.

So you disputed a $0 balance and they corrected with a higher balance making your util go up? I dont think I would dispute a $0 balance even if it was incorrect just curious of the reasoning

Re: Discover Card Statement Question

mxp114 — Tue, 27 Sep 2011 22:01:58 GMT

john398 wrote:

So you disputed a $0 balance and they corrected with a higher balance making your util go up? I dont think I would dispute a $0 balance even if it was incorrect just curious of the reasoning

I disputed it because of the comment on the TL which said "consumer disputes this acct" and in order to get that comment deleted, I had to initiate a dispute. My 08/11 and 09/11 are $0, however when Discover updated the TL they reported a balance and of course removed the comment.