topic Re: CB in Credit Cards

CB

Anonymous — Sun, 05 Jan 2014 22:41:48 GMT

Why does it take 3+ months for a CC to report to the CBs...? I've had discover for 3 months and I remember Chase couldn't see it on my reports...

Re: CB

Kenny — Sun, 05 Jan 2014 22:44:51 GMT

Depends on the lender.

Re: CB

Luscher — Sun, 05 Jan 2014 23:55:30 GMT

Discover will only report if you use the card during that month/statement.

They do not report when you do not use it.

Side note: say you do not use the card for a 3 months or so span (random amount of time) and then suddenly use it, they will report all those months as positive. It will show green and an OK on your report for those months you didn't use it.

If that makes sense?

Re: CB

Anonymous — Mon, 06 Jan 2014 03:07:12 GMT

@Luscher wrote:
Discover will only report if you use the card during that month/statement.

They do not report when you do not use it.

Side note: say you do not use the card for a 3 months or so span (random amount of time) and then suddenly use it, they will report all those months as positive. It will show green and an OK on your report for those months you didn't use it.

If that makes sense?

Yeah, I've charged a lot to the card, and they still didn't report to all THREE CBs...

Re: CB

Luscher — Mon, 06 Jan 2014 03:12:15 GMT

Is it a new account? It may take a while for new accounts

Re: CB

Anonymous — Mon, 06 Jan 2014 03:13:30 GMT

have you tried leaving a small balance to post after the statement cuts? You can then pay it off before the due date and it should still update all of those months.

Re: CB

baller4life — Mon, 06 Jan 2014 03:13:59 GMT

Wow 3 months seem like a long time to report a new account. Is this normal for Discover?

Re: CB

Luscher — Mon, 06 Jan 2014 03:18:33 GMT

If you use the card and let something report it should be no problem, if the problem persists definitely call them, try and pull a fresh report after this next statement, wait a few days after the statements cuts though

Re: CB

Themanwhocan — Mon, 06 Jan 2014 03:19:39 GMT

@Luscher wrote:
Discover will only report if you use the card during that month/statement.

They do not report when you do not use it.

Side note: say you do not use the card for a 3 months or so span (random amount of time) and then suddenly use it, they will report all those months as positive. It will show green and an OK on your report for those months you didn't use it.

If that makes sense?

Those months will show as OK on the TU report, but the other entrys for those months will be blank. As opposed to entries that are $0 because you paid the card down prior to a particular month's statement being generated.

Re: CB

Luscher — Mon, 06 Jan 2014 03:22:11 GMT

as long as you have not missed any payments, they should all say ok and be green

Re: CB

Anonymous — Mon, 06 Jan 2014 03:54:32 GMT

what I dont get is why chase couldn't see discover on ANY of the CBs... maybe they were just messing with me? Could discover report to different bureaus at different times? If they do, 3 months should be long enough time..

Re: CB

flan — Mon, 06 Jan 2014 04:11:35 GMT

@Anonymous wrote:
what I dont get is why chase couldn't see discover on ANY of the CBs... maybe they were just messing with me? Could discover report to different bureaus at different times? If they do, 3 months should be long enough time..

Discover are slow to report new accounts. And if you don't use the card, and they don't generate a statement, they won't report that month. If they do generate a statement, but it has a zero balance on it (no new charges, just payments, or you pay off the charges before the statement cuts) they may not report. They sometimes do, sometimes don't. I don't know what their method is.

One of the things that sites like creditkarma and creditsesame are good for is seeing when new accounts report to the bureau they get their information from. Discover generally report to all the bureaus at the same time, but there can be a few day or even a week difference in when it happens.

Re: CB

Anonymous — Mon, 06 Jan 2014 04:18:54 GMT

I'm new to discover, they just cut my first statement and it's definitely on all three of my credit reports....I would call...

Re: CB

Mrm-na — Mon, 06 Jan 2014 12:52:09 GMT

It took at least 2 months for my Discover to report, maybe 3. From what I've read that's typical.

In the interim I applied to Barclay's, and they reported before I even had the card.

Re: CB

takeshi74 — Mon, 06 Jan 2014 14:40:45 GMT

@Anonymous wrote:
Why does it take 3+ months for a CC to report to the CBs...? I've had discover for 3 months and I remember Chase couldn't see it on my reports...

It doesn't. Your Discover is taking 3+ months. Other have indicated that theirs reported earlier. It's a YMMV matter and not a universal rule. Most of my cards report on first statement close. Some have had new cards report even before first statement close.

That said, no idea why your Discover is taking so long. Have you called and asked Discover instead of having us speculate? Just opened my own in December. Statement close is on the 19th and it hasn't reported yet FWIW.