---
schema_version: "secwatch.filing_event.v1"
accession: "0001407200-25-000013"
form_type: "8-K"
ticker: null
cik: "0001407200"
company_name: "Discover Card Execution Note Trust"
filed_at: "2025-04-14T23:59:59+00:00"
generated_at: "2026-05-23T15:22:46.038839+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Discover Card Master Trust I: $27.65B receivables, 12.65M accounts, 1.77% delinquent as of March 2025

## Summary
- Total receivables $27.65B, 12.65M accounts, average balance $3,365, average credit limit $14,221.
- 66.75% of receivables from accounts with FICO score >=720; 2.78% from <600.
- Delinquency rate 1.77% of total receivables (30+ days); 0.38% of accounts delinquent.
- Q1 2025 average monthly balance reduction rate of 0.74% due to refunds, returns, fraud.

## SEC filing metadata
- accession: 0001407200-25-000013
- form_type: 8-K
- cik: 0001407200
- company_name: Discover Card Execution Note Trust
- filed_at: 2025-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 6.05, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1407200/000140720025000013/0001407200-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894329/000140720025000013/qtrly_dcmtxdcentxasofmarch.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001407200-25-000013
- JSON: https://secwatch.observer/filing/0001407200-25-000013.json
- Plain text: https://secwatch.observer/filing/0001407200-25-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.