Discover It Reporting

[Anonymous]

Hello so coming up on my due date for my first month and contacted Discover to find out my closing date and due date, so they tell me due date is before closing date and only way to have utilization report is to carry a balance and pay interest, does that sound right (should I just close the card) 

[dynamicvb]

Not sure who you were talking too, but they misunderstood. It will report with no balance. Have a small charge on it, when the statement cuts, then PIF before the due date and you will pay no interest.

[Anonymous]

So as soon as I receive the statement they report, or the statement closing date? 

[dynamicvb]

Mine was a few days after the 1st statement cut

[Anonymous]

how can you tell, should I wait til close to the due date to pay 

[MrDFinance]

If you want it to report a zero balance on your report you must Pay it in full before your statement close date....

If you dont want to Pay any interest pay it In full before or On the due date...

Even if you statement close date is on let's say the 13th and they report it to the credit agencies on the 16th... They are going to report the balance you had on the 13th....

[Anonymous]

So if I'm understanding right it will be a month behind - even though I made a charge on August 15th the statement doesn't cut until September 12th and the due date will be October 7th, so the closing date will be behind the due date, it was confusing but thanks for helping to clear it up

[MrDFinance]

Yes... You are correct... Technically your always paying for the previous months purchases if you wait til the due date to pay...