topic Re: Discover card in General Credit Topics

Discover card

aesl1982 — Thu, 19 Sep 2019 20:18:26 GMT

So I got my new discover it miles in the mail today. Maybe the group here can help me. I called discover asked about reporting she said that first statement will be on October 26th and first payment due November 15th. No issue with that Ill Pif every few days. However she said it won’t report to cra’s Till that first statement on October 26th. Does that sound right? That’s 5 weeks from when I received it which was today! I know to make sure balance is low on that statement date (26th) to keep util low on report.

Re: Discover card

Anonymous — Thu, 19 Sep 2019 20:30:48 GMT

Sounds about right to me.

Re: Discover card

Anonymous — Thu, 19 Sep 2019 20:36:28 GMT

That's pretty normal. Some take 2-3 months, so that's not too bad. It'll still show when you actually opened it once it finally reports, not just from when it starts reporting BTW.

Re: Discover card

Remedios — Thu, 19 Sep 2019 20:47:56 GMT

@aesl1982 wrote:
So I got my new discover it miles in the mail today. Maybe the group here can help me. I called discover asked about reporting she said that first statement will be on October 26th and first payment due November 15th. No issue with that Ill Pif every few days. However she said it won’t report to cra’s Till that first statement on October 26th. Does that sound right? That’s 5 weeks from when I received it which was today! I know to make sure balance is low on that statement date (26th) to keep util low on report.

Yes and no

When I got mine, my first statement period was a short one, 9 days only. There wasn't even a payment due till the next cycle, just like yours, except they did report after that first short cycle closed.

So, you may have a statement and it may report earlier, just no payment due

I was told same thing as you, that it would not report till the following month, but that turned out not to be the case.

Either way, they will report whenever first statement closes

With Discover, and act of adding AU will force off cycle report, so that's another thing to keep in mind.

Congrats on your new card!

Re: Discover card

aesl1982 — Thu, 19 Sep 2019 20:53:15 GMT

Thanks, I added the AU today so that should effect any cycle reporting. I just wanna start earning points as it’s my first card over $500 lol it’s $5000 but don’t wanna get reported with high util not knowing.

Re: Discover card

Remedios — Thu, 19 Sep 2019 21:17:34 GMT

I would not sweat utilization too much. Unless you're applying for something really important, once cycle with higher utilization wont hurt you and the lenders in your signature dont fall into more neurotic types.

Use your card, dont pass the opportunities to earn rewards because of credit reindeer games. Life is too short and wallets are too thin for that nonsense

Re: Discover card

HeavenOhio — Mon, 23 Sep 2019 03:38:45 GMT

If you really care about the number on your report, Discover will report your balance mid-cycle if you call and ask them to.

Re: Discover card

Anonymous — Tue, 24 Sep 2019 10:54:00 GMT

Discover reported 15 days subsequent to my inquiry and approval date. That was five days prior to the beginning of the first full cycle. This was last month.

Re: Discover card

Anonymous — Tue, 24 Sep 2019 10:55:16 GMT

And HeavenOhio is correct, they have no problem doing an off cycle update. I asked yesterday and EX already reflects it.

Re: Discover card

aesl1982 — Tue, 24 Sep 2019 16:33:04 GMT

So yah they reported after my first charge, then when AU I added got approved they reported again.