topic Re: Discover Statement Cut 0.00 Balance Reported 76.05 in General Credit Topics

Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Mon, 22 Jul 2019 12:49:34 GMT

Good Morning,
Thought I was figuring this out BUT.... My Discover Statement cuts on the 20th. I owed 29.95 so I paid that and used the card again on the 19th. Takes 3- days to post. Checked Discover all weekend so last night the website showed my 29.95 payment and 0.00 due on the 15th. Just the way I wanted it considering I have been paying several times a month. I’ve been trying to swipe a lot and PIF.
Checked my EX score and it shows my balance as 76.05 not the 0.00 that my statement shows 🙄. So I lost 3 FICO points. I thought they reported what ever my statement showed? 3 points is a lot when rebuilding. I just printed my Statement and it shows balance 0.00! I did expect them to report highest balance as $76.05.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Mon, 22 Jul 2019 12:52:42 GMT

I did use the card on the 19th so that’s a legitimate charge for $76.05. Just surprised it was reported when my Statement reported 0.00.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

dynamicvb — Mon, 22 Jul 2019 22:04:48 GMT

I’ve seen Discover report the balance as of the report date. There was a thread a while back where others reported this too. In my account it does not happen all the time, but it does happen occasionally.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Anonymous — Mon, 22 Jul 2019 22:38:21 GMT

Reporting the balance on the statement date has been my experience as well.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Mon, 22 Jul 2019 22:41:36 GMT

I won’t do that again. I started to pay with my debit card, but thought it was good to show more usage on that card and just pay it off in a few days. They put a notice up saying I could not make another payment. That was paying through Discover. Next time I will do it through my bank, which shows as paid in 2-days. A learning experience for me. I wanted to keep my usage at 4%. Now it shows 11%.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

kilroy8 — Mon, 22 Jul 2019 22:45:01 GMT

It seems that they all try to go ahead and post any pending stuff ahead of statement, so I make sure that none are pending until day after statement.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Mon, 22 Jul 2019 22:46:24 GMT

@ImTheDevil I’m learning. Though I had it figured out. Trying to make sure only one reports.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

FireMedic1 — Mon, 22 Jul 2019 22:48:24 GMT

You'll get the points back. I've gotten that it could take up to 8 days thing when you try to make payments too close together before the first one post to the account. Thought i paid what I wanted to post. But didnt notice that little section under recent acivity had a slow pending charge. No big deal. You sneeze and some CRA's will takes 3 points just because.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Anonymous — Mon, 22 Jul 2019 22:49:58 GMT

It’s honestly not a big deal in the grand scheme. You can wait til next month to have things recover, or you can get your balance to zero and call customer service at Disco to request an off-cycle report - they’re great about doing that. I paid a big chunk of mine off some months ago and wanted it reflected since my report date was 2-3 weeks out still. Called up, was on the phone for two minutes to request it, and the next day my alerts showed the balance change. Disco was happy to do that.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Mon, 22 Jul 2019 22:50:22 GMT

Wish I had known that. I’m still learning. I try to read on here every chance I get. I have managed to stick to my plan of only using the cards To Purchase what I normally purchase. Only a few points 🙄 been telling myself that all day.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Anonymous — Mon, 22 Jul 2019 22:51:59 GMT

@Anonymous wrote:
It’s honestly not a big deal in the grand scheme. You can wait til next month to have things recover, or you can get your balance to zero and call customer service at Disco to request an off-cycle report - they’re great about doing that. I paid a big chunk of mine off some months ago and wanted it reflected since my report date was 2-3 weeks out still. Called up, was on the phone for two minutes to request it, and the next day my alerts showed the balance change. Disco was happy to do that.

This is great to know!!

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Mon, 22 Jul 2019 22:53:16 GMT

Maybe I will do that. Been thinking about it all day. Trying to stay on the right path! Thanks

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Mon, 22 Jul 2019 22:56:25 GMT

@Hasselfree that’s exactly why I put this up. May help someone else. I thought I would PIF and still show usage pull earn point at the grocery store.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Anonymous — Mon, 22 Jul 2019 22:57:08 GMT

Sure thing - you’ll find that Disco is definitely at the top of customer service the longer you’re with them. I’ve been very happy with all of my dealings with them, as have many others. They’re worth keeping for sure

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Anonymous — Tue, 23 Jul 2019 04:47:34 GMT

Agreed on the ability to request and receive an off-cycle reporting with Discover. Just make sure you pay the account to $0 first and that you have no pending charges. If you do that you'll get your 3 points back within a few days rather than having to wait a month. Totally your choice of course.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Tue, 23 Jul 2019 11:06:56 GMT

Thanks @BrutalBodyShots I am going to try calling them after the payment clears. Can’t wait to get to the point where 3 points isn’t a big deal. My Mom has been with Discover I think from the beginning and she said she has never had any problems with them.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Fri, 26 Jul 2019 14:21:33 GMT

I paid the $76.05 to Disco. Called and had the balance reported at $0.00. So then my score dropped 17 points!! I may not use the AZEO method. There are some bad points to that. Pay your bill and your score goes down.

Hopefully this helps someone else.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Andypanda — Fri, 26 Jul 2019 14:42:33 GMT

somthing simaler happened to me. did your statment cut on a weekend, and then the new purchase post between the statment cutting and monday? I believe if disco statment closes on the weekend, they will report whatever the balance is on the following monday.

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Rebuild2019 — Fri, 26 Jul 2019 14:51:03 GMT

That’s exactly what happened. Bad part is I started to just pay for it with my debit card, but decided to use Disco because on here everyone says they like swipes.. well this swipe has given me a headache. You would think that sending in as paid to the CA would have been a good thing, but no it cost me 17 points so far. Now back down to poor. I had made it to Fair under FICO 😟

Re: Discover Statement Cut 0.00 Balance Reported 76.05

CreditInspired — Fri, 26 Jul 2019 15:11:13 GMT

@Rebuild2019 wrote:
Good Morning,
Thought I was figuring this out BUT.... My Discover Statement cuts on the 20th. I owed 29.95 so I paid that and used the card again on the 19th. Takes 3- days to post. Checked Discover all weekend so last night the website showed my 29.95 payment and 0.00 due on the 15th. Just the way I wanted it considering I have been paying several times a month. I’ve been trying to swipe a lot and PIF.
Checked my EX score and it shows my balance as 76.05 not the 0.00 that my statement shows 🙄. So I lost 3 FICO points. I thought they reported what ever my statement showed? 3 points is a lot when rebuilding. I just printed my Statement and it shows balance 0.00! I did expect them to report highest balance as $76.05.

First, it's difficult to believe that your score dropped 3 points for $76.05 reporting. That's barely a blip in your credit profile. Believe me, something else happened to caused the drop.

Second, UT has no memory--none at all--so this point drop will mean nothing next month when the scores update.

Third, don't develop a bad habit of watching the pendulum swing back-and-forth regarding your scores unless you're preparing for a mortgage. Otherwise, you'll drive yourself nuts. I know I drove myself crazy in the beginning watching my scores like a hawk. Just enjoy your cards, buy what you want, pay as you are doing; and rest assured that everything in your credit profile will align with the stars.