topic Re: Discover mid-cycle reporting... again! in Credit Cards

Discover mid-cycle reporting... again!

Anonymous — Sun, 23 Sep 2012 19:58:04 GMT

I was very apprehensive before using my Discover card again after the last statement cycled. Last cycle I ran up a balance 2 days after the statement closed, which was promptly reported at Experian (though not at Equifax or TransUnion). This month, I made sure to wait until EX and EQ reflected an updated zero balance before spending again.

Today, almost 2 weeks into my new cycle, they reported my current balance of $310 to TransUnion! My TransRisk score c/o CreditKarma went from a 751 to a 723, but my TransUnion FICO c/o Walmart only went from 744 to 743. I guess this just goes to show how little value you can put into FAKO scores!

I'm to the point with my credit limits where a little utilization won't kill me, but it's just frustrating to see mid-cycle reporting after you've worked so hard to get a zero statement balance. I'm still waiting for $12,750 in CLIs to update on the rest of my cards, so I guess it won't make much of a difference after that.

Just wanted to give you all a heads-up that this seems to be the norm for Discover.

Re: Discover mid-cycle reporting... again!

LS2982 — Sun, 23 Sep 2012 20:54:51 GMT

@Anonymous wrote:
I was very apprehensive before using my Discover card again after the last statement cycled. Last cycle I ran up a balance 2 days after the statement closed, which was promptly reported at Experian (though not at Equifax or TransUnion). This month, I made sure to wait until EX and EQ reflected an updated zero balance before spending again.

Today, almost 2 weeks into my new cycle, they reported my current balance of $310 to TransUnion! My TransRisk score c/o CreditKarma went from a 751 to a 723, but my TransUnion FICO c/o Walmart only went from 744 to 743. I guess this just goes to show how little value you can put into FAKO scores!

I'm to the point with my credit limits where a little utilization won't kill me, but it's just frustrating to see mid-cycle reporting after you've worked so hard to get a zero statement balance. I'm still waiting for $12,750 in CLIs to update on the rest of my cards, so I guess it won't make much of a difference after that.

Just wanted to give you all a heads-up that this seems to be the norm for Discover.

I've never had this happen to me before, thats weird. Have you talked to their credit bureau dept. at all?

Re: Discover mid-cycle reporting... again!

Anonymous — Sun, 23 Sep 2012 20:57:14 GMT

@LS2982 wrote:
I've never had this happen to me before, thats weird. Have you talked to their credit bureau dept. at all?

No, I just figured there is nothing they would do about it because the information they reported was accurate on the date that they reported it.

Re: Discover mid-cycle reporting... again!

LS2982 — Sun, 23 Sep 2012 21:00:13 GMT

@Anonymous wrote:
@LS2982 wrote:
I've never had this happen to me before, thats weird. Have you talked to their credit bureau dept. at all?
No, I just figured there is nothing they would do about it because the information they reported was accurate on the date that they reported it.

They might not be able to update but they could give you insight as to why they are mid-cycle updating your account.

Re: Discover mid-cycle reporting... again!

Revelate — Mon, 24 Sep 2012 00:50:48 GMT

I think from reading these forums that Discover is known to do this for whatever reason. It's not just you .

Re: Discover mid-cycle reporting... again!

andre181 — Mon, 24 Sep 2012 01:09:10 GMT

My Discover skipped reporting this month for some reason. And it makes me kinda mad because I got a CLI and paid off a BT, so CL is reporting too low and balance reporting too high

Oh well, util is only 3% with it reporting wrong so its not a big deall. I still love my Discover, its my favorite card in my wallet.

Re: Discover mid-cycle reporting... again!

LS2982 — Mon, 24 Sep 2012 02:06:58 GMT

I dont know about everybody else but I take my credit reporting very seriously and i'll badger any creditor if they're slipping!

Re: Discover mid-cycle reporting... again!

gettnthere — Mon, 24 Sep 2012 02:57:55 GMT

@LS2982 wrote:
I dont know about everybody else but I take my credit reporting very seriously and i'll badger any creditor if they're slipping!

+1000, im the exact same way LS.

Re: Discover mid-cycle reporting... again!

Revelate — Mon, 24 Sep 2012 03:41:04 GMT

@LS2982 wrote:
I dont know about everybody else but I take my credit reporting very seriously and i'll badger any creditor if they're slipping!

Why does it matter 90% of the time? Granted I know people have gone through application addiction phases over time on this forum, but unless you need a pretty FICO for whatever reason (or as pretty as possible) getting up in arms over a mid-cycle or non-update for a given month doesn't do any good other than annoying your lender of choice.

Unfortunately all one really accomplishes is aggravating a CSR who has absolutely no ability to rectify the situation in the vast majority of cases... but likely does have some ability to make one's life more of a hassle than it needs to be if he or she so chooses. I see complaints regarding lender customer service on this forum, while folks may think they're entitled to it (and in fairness that's somewhat legitimate) one'll usually get far further approaching it like the proverbial two-way street instead.

End of the day, most people don't even know let alone care, so we're simply pushing ourselves further outside the bell curve.

Re: Discover mid-cycle reporting... again!

Anonymous — Mon, 24 Sep 2012 13:05:42 GMT

I don't think Discover has updated for this month for me, because I haven't gotten a SW alert for the balance transfer I paid off two weeks ago. The statement date was 12 days ago, so there's really no excuse.

Re: Discover mid-cycle reporting... again!

Anonymous — Wed, 26 Sep 2012 18:30:26 GMT

Just checked CreditKarma and they reported AGAIN just 3 days after the last time. Balance is up higher. This is getting weird.

Re: Discover mid-cycle reporting... again!

djrez4 — Wed, 26 Sep 2012 20:29:32 GMT

I've heard of Discover doing that as well.

My Discover card finally appeared today on Experian only, one day after my cycle closed. I activated it on 8/2. I find it mighty convenient that it reports right after I make an emergency plane ticket purchase that bumps my utilization up to 23% on that card. I paid it in full this morning. Let's see if they mid-cycle report the $0 balance!

Re: Discover mid-cycle reporting... again!

Anonymous — Fri, 28 Sep 2012 14:49:31 GMT

So I called Discover today to see what's going on. Apparently asking for a CLI can trigger an update with the CBs. I attempted a CLI through a rep on the 20th and that triggered the first update. Then on the 24th, Discover blocked one of my transactions thinking it was fraud. It wasn't, and I contacted them to straighten it out, but it apparently triggered the second update.

Looks like next month I'll be requesting a CLI again on the first day I have a zero balance!

Re: Discover mid-cycle reporting... again!

maiden_girl — Fri, 28 Sep 2012 18:47:44 GMT

I opened my Discover card on 9/13. It's barely reporting account open on my CR TODAY 9/28! I made a purchase on it and I paid it before the statement closed...no statement was made for activity and Discover is reporting I still have a balance!!!

Re: Discover mid-cycle reporting... again!

HiLine — Fri, 14 Dec 2012 17:09:28 GMT

Discover fed an off-cycle report on me yesterday with a balance increase.

Re: Discover mid-cycle reporting... again!

distantarray — Fri, 14 Dec 2012 17:15:02 GMT

it's not that big of a deal imo, just find the day or two before they reported the change, mark that day on the calender and pay few days before, don't use the card for a few days done!

Re: Discover mid-cycle reporting... again!

maiden_girl — Fri, 14 Dec 2012 21:11:28 GMT

My Discover card is always doing this. My account balance is now 0 and it hasn't even updated yet on my credit report! Wth.

Re: Discover mid-cycle reporting... again!

MountainHiker — Fri, 14 Dec 2012 22:58:46 GMT

@Anonymous wrote:
I was very apprehensive before using my Discover card again after the last statement cycled. Last cycle I ran up a balance 2 days after the statement closed, which was promptly reported at Experian (though not at Equifax or TransUnion). This month, I made sure to wait until EX and EQ reflected an updated zero balance before spending again.

Today, almost 2 weeks into my new cycle, they reported my current balance of $310 to TransUnion! My TransRisk score c/o CreditKarma went from a 751 to a 723, but my TransUnion FICO c/o Walmart only went from 744 to 743. I guess this just goes to show how little value you can put into FAKO scores!

I'm to the point with my credit limits where a little utilization won't kill me, but it's just frustrating to see mid-cycle reporting after you've worked so hard to get a zero statement balance. I'm still waiting for $12,750 in CLIs to update on the rest of my cards, so I guess it won't make much of a difference after that.

Just wanted to give you all a heads-up that this seems to be the norm for Discover.

I want a Discover card and plan to app for it in march but this ult issue of mid-cycle reporting is a real inconvience unless you have 5 figure limits in total. Won't stop me from going after the card but I will have to adjust my spending habits so that the card is paid off a couple days after a purchase. Or I'll have to alternate using cards from month to month in order to avoid ult concerns during a month when I might need to use my credit.

Re: Discover mid-cycle reporting... again!

HiLine — Fri, 14 Dec 2012 23:36:46 GMT

@MountainHiker wrote:
@Anonymous wrote:
I was very apprehensive before using my Discover card again after the last statement cycled. Last cycle I ran up a balance 2 days after the statement closed, which was promptly reported at Experian (though not at Equifax or TransUnion). This month, I made sure to wait until EX and EQ reflected an updated zero balance before spending again.

Today, almost 2 weeks into my new cycle, they reported my current balance of $310 to TransUnion! My TransRisk score c/o CreditKarma went from a 751 to a 723, but my TransUnion FICO c/o Walmart only went from 744 to 743. I guess this just goes to show how little value you can put into FAKO scores!

I'm to the point with my credit limits where a little utilization won't kill me, but it's just frustrating to see mid-cycle reporting after you've worked so hard to get a zero statement balance. I'm still waiting for $12,750 in CLIs to update on the rest of my cards, so I guess it won't make much of a difference after that.

Just wanted to give you all a heads-up that this seems to be the norm for Discover.
I want a Discover card and plan to app for it in march but this ult issue of mid-cycle reporting is a real inconvience unless you have 5 figure limits in total. Won't stop me from going after the card but I will have to adjust my spending habits so that the card is paid off a couple days after a purchase. Or I'll have to alternate using cards from month to month in order to avoid ult concerns during a month when I might need to use my credit.

Or, push a payment from your bank before making the purchases.

Re: Discover mid-cycle reporting... again!

Anonymous — Sat, 15 Dec 2012 18:36:19 GMT

You can dispute the current balance with the credit beuraus. I've done it with all 3 when my accounts updated before my payments posted. Just go to thevwebsites for EX, EQ, & TU ; click on the link for online disputes, select the credit card account you want to dispute. The page that pops up after that has a drop down menu that lets you select "incorrect balance.” TU & EQ corrected my balances within 2 days but EX took a full 7 days.