Trying to never carry a balance, but...

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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im_mr_awesome
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Location: Indianapolis, IN

Trying to never carry a balance, but...

Postby im_mr_awesome » Tue Jul 23, 2013 1:03 am

So I'm to the point I want to pay off my current debt and pay in full every few days. I've never had a problem paying a credit card company as many times as I want. I'm using my Discover card as my go to card for everything because it has a credit limit that will hopefully grow, an APR that I anticipate shrinking, and a rewards program i don't mind. I still want to add a full time 2% card or maybe a 3% card like BCE/BCP. Anyway...

I found out today that Discover puts a limit on how many times you can pay and still be credited in a timely manner. I paid $125 this past Friday, and $300 on Saturday, then $150 tonight. That's $575 in under a week. Unfortunately, Discover thinks it's a security risk to allow you to pay that often. They only credited my account $125 and said each additional payment made in the following three days would be delayed up to 8 days.

THE FRACK?! I want to pay my bills when I want to pay them. This doesn't bode well for my future with Discover, and I hope there's a good reason.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680


flan
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Postby flan » Tue Jul 23, 2013 7:54 am

They think you're draining a bank account.

They, and almost everyone else, are happy to accept an incoming ACH. Or a paper check. Use your bank's bill pay, and you can pay them as many times as you want. (I've paid them several times in the same day. It simplifies my book keeping to have a one-to-one correspondence of reimbursements to payments, so the last time I had a number of reimbursed business expenses, my employer gave me a check, and I gave the cc companies several.)

On the other hand, it's a credit card. They don't expect to get paid until they send you a bill.



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