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Discover Statement Cut 0.00 Balance Reported 76.05

tag
SouthJamaica
Mega Contributor

Re: Discover Statement Cut 0.00 Balance Reported 76.05


@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.

I've been with Discover for 4 1/2 years; they've never once reported any balance other than the statement balance.

 

So that is strange.


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 21 of 28
Rebuild2019
Valued Contributor

Re: Discover Statement Cut 0.00 Balance Reported 76.05

@SouthJamaica I thought so too, but my Statement says balance 0.00 for 7/20. Amount Due 8/15 0.00. I think I am going to try keeping my utilization low between all 3 cards. If one reports a zero balance then maybe it won’t cost me points. It was worse having them report the zero balance! Definitely a learning experience.

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | NFCU Auto Loan
Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |
Message 22 of 28
Anonymous
Not applicable

Re: Discover Statement Cut 0.00 Balance Reported 76.05


@kilroy8 wrote:

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.


+1 with Discover a number of times and not I stop use several days short so they can't do it.

Message 23 of 28
Rebuild2019
Valued Contributor

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Thanks. Definitely a learning experience.

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | NFCU Auto Loan
Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |
Message 24 of 28
dynamicvb
Valued Contributor

Re: Discover Statement Cut 0.00 Balance Reported 76.05


@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.

Thanks for the tip. I just paid 2400 bucks off my balance today and was wondering what it would do to my score. I should call them after it posts and ask for this since then I will be able to isolate whether this made a change easier.

Started Rebuild 4/2018: EX 616| TU 604| EQ 621

Current 5/28/20:


First Goal Score: 750+ Reached 3/2019

Next Goal all over 800
Message 25 of 28
Rebuild2019
Valued Contributor

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Just to update EQ score went done 28 points!! 😭😭😭 Hope it recovers next round. Paying off all your CC is definitely a bad thing at this point for me....😭

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | NFCU Auto Loan
Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |
Message 26 of 28
Anonymous
Not applicable

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Soon as you have a card report a balance of $5-6 or more, you’ll bounce back up. You’re taking the “no credit in use” penalty right now.
Message 27 of 28
Rebuild2019
Valued Contributor

Re: Discover Statement Cut 0.00 Balance Reported 76.05

Thanks @ImTheDevil and boy is it a penalty!! This is definitely a learning experience. Hope this helps someone in the community.

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | NFCU Auto Loan
Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |
Message 28 of 28
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