topic Re: Odd Discover Reporting in Credit Cards

Odd Discover Reporting

ArisGreek — Sun, 26 Feb 2012 22:19:38 GMT

As many of you know, I applied and did a BT for Discover in January. My first statement generated on 2/23 and it reported today to EQ. Well, it reported my balance but not the credit limit and went into "Other" not revolving. Does this happen when you do a BT with Discover? In the Credit Line box it says N/A. What's also interesting is that, the date opened was 1/1/2012. I opened it later in the month...mid-January (not that I'm complaining). Also, last activity was 2/1/12 but statement generated on 2/23/12. Is something wrong? Do they report data based on 1st of each month? Any insight would be great. Heck, if they don't put my CL I'll be happy....Note below:

DISCOVER FINANCIAL SVCS LL

Company/Account Name:	DISCOVER FINANCIAL SVCS LL
Company Address/Phone:	PO Box 15316, Wilmington, DE 198505316
Account Number:	XXXXXXXXXXXXXX
Date Opened:	01/01/12
Last Activity:	02/01/12
Type:	Revolving or Option
Rate/Status:	Pays account as agreed
High Credit:	N/A
Terms:	N/A
Balance:	$6,950
Past Due:	N/A
Most Recent Date Reported:	02/01/12
Comments on Account:	Credit card , Amount in H/C column is credit limit

Re: Odd Discover Reporting

LS2982 — Sun, 26 Feb 2012 22:27:52 GMT

@ArisGreek wrote:

As many of you know, I applied and did a BT for Discover in January. My first statement generated on 2/23 and it reported today to EQ. Well, it reported my balance but not the credit limit and went into "Other" not revolving. Does this happen when you do a BT with Discover? In the Credit Line box it says N/A. What's also interesting is that, the date opened was 1/1/2012. I opened it later in the month...mid-January (not that I'm complaining). Also, last activity was 2/1/12 but statement generated on 2/23/12. Is something wrong? Do they report data based on 1st of each month? Any insight would be great. Heck, if they don't put my CL I'll be happy....Note below:

DISCOVER FINANCIAL SVCS LL
Company/Account Name: DISCOVER FINANCIAL SVCS LL
Company Address/Phone: PO Box 15316, Wilmington, DE 198505316
Account Number: XXXXXXXXXXXXXX
Date Opened: 01/01/12
Last Activity: 02/01/12
Type: Revolving or Option
Rate/Status: Pays account as agreed
High Credit: N/A
Terms: N/A
Balance: $6,950
Past Due: N/A
Most Recent Date Reported: 02/01/12
Comments on Account: Credit card , Amount in H/C column is credit limit

Not sure exactly if they have reported wrong but if it benefits you I would overlook it......

Re: Odd Discover Reporting

ArisGreek — Sun, 26 Feb 2012 22:31:33 GMT

Well this was in the alert info when the new account came in. I'm waiting for my other card to report a $0 balance before pulling a report. I just want to double check, but I wonder if they do this for BTs. Hmm...

Re: Odd Discover Reporting

LS2982 — Sun, 26 Feb 2012 22:33:19 GMT

@ArisGreek wrote:
Well this was in the alert info when the new account came in. I'm waiting for my other card to report a $0 balance before pulling a report. I just want to double check, but I wonder if they do this for BTs. Hmm...

Is this TL factored into your overall utilization???

Re: Odd Discover Reporting

ArisGreek — Sun, 26 Feb 2012 22:48:53 GMT

I don't think so since there is no CL reporting notated on the alert. I'm not pulling a report until the other card reports. Generally, the CLs if a card has one appears on the alert. This did not.

Re: Odd Discover Reporting

LS2982 — Sun, 26 Feb 2012 22:52:16 GMT

@ArisGreek wrote:
I don't think so since there is no CL reporting notated on the alert. I'm not pulling a report until the other card reports. Generally, the CLs if a card has one appears on the alert. This did not.

That would be a big + if its not factoring in your overall utilization! Guess you'll have to wait and see!