Paying off Credit Card Balance Tips
Author: jojo
Posted: Thu Jun 29, 2006 5:08 am
Post subject: A werid thing for credit card payment.who can tell?
i just found out a werid thing on my credit card payment.
my credit limit is 7000,but the balance is 6000,i wrote a check to CC company for 6000,(i think they must received my check),not sure 3 days or 4 days after,i checked my credit card balance,it's was 0 balance,credit limit go back to 7000 right the way.the werid thing is,when i check my check account,the money i wrote for CC company was still there,the money didn't deposit to CC company yet,but how come the credit limit went back to 7000?is this a CC company's mistake?
any one can explain this?by the way, it's a BOA card.every CC companys do the same thing?
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Author: davej
Posted: Thu Jun 29, 2006 5:58 am
Post subject:
Most likely the money in your checking account is on hold, hasn't just changed hands yet... Wait a couple more days to see what happens and let us know..
Author: db619196
Posted: Thu Jun 29, 2006 9:16 am
Post subject:
I agree with Dave. My bank account is almost always a few days behind the credit card company in posting transactions online. I would give it a few days. You could also call the bank if you are worried. They can usually see the transaction before we can online.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Thu Jun 29, 2006 9:30 am
Post subject:
David-
Greetings! Just a quick note that your account has been upgraded to "Credit Expert" status. Congrats and thanks for supporting our community!
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: jojo
Posted: Thu Jun 29, 2006 11:57 am
Post subject: Paying off Credit Card Balance Tips
i did call my bank,my bank didn't hold the money,they said just like the regular money transfer,check processing day is 3 to 5 days.
my question is why credit card company give the credit limit back even they didn't verified ur money?every CC company do the same thing ?or only boa?
Author: davej
Posted: Fri Jun 30, 2006 2:09 am
Post subject: Paying off Credit Card Balance Tips
Are you with BoA for both credit and checking? If so, I guess they might have restored your line without necessarily holding the money in your checking... But I'd say they won't let it go either...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Jun 29, 2006 5:08 am
Post subject: A werid thing for credit card payment.who can tell?
i just found out a werid thing on my credit card payment.
my credit limit is 7000,but the balance is 6000,i wrote a check to CC company for 6000,(i think they must received my check),not sure 3 days or 4 days after,i checked my credit card balance,it's was 0 balance,credit limit go back to 7000 right the way.the werid thing is,when i check my check account,the money i wrote for CC company was still there,the money didn't deposit to CC company yet,but how come the credit limit went back to 7000?is this a CC company's mistake?
any one can explain this?by the way, it's a BOA card.every CC companys do the same thing?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: davej
Posted: Thu Jun 29, 2006 5:58 am
Post subject:
Most likely the money in your checking account is on hold, hasn't just changed hands yet... Wait a couple more days to see what happens and let us know..
Author: db619196
Posted: Thu Jun 29, 2006 9:16 am
Post subject:
I agree with Dave. My bank account is almost always a few days behind the credit card company in posting transactions online. I would give it a few days. You could also call the bank if you are worried. They can usually see the transaction before we can online.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Thu Jun 29, 2006 9:30 am
Post subject:
David-
Greetings! Just a quick note that your account has been upgraded to "Credit Expert" status. Congrats and thanks for supporting our community!
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: jojo
Posted: Thu Jun 29, 2006 11:57 am
Post subject: Paying off Credit Card Balance Tips
i did call my bank,my bank didn't hold the money,they said just like the regular money transfer,check processing day is 3 to 5 days.
my question is why credit card company give the credit limit back even they didn't verified ur money?every CC company do the same thing ?or only boa?
Author: davej
Posted: Fri Jun 30, 2006 2:09 am
Post subject: Paying off Credit Card Balance Tips
Are you with BoA for both credit and checking? If so, I guess they might have restored your line without necessarily holding the money in your checking... But I'd say they won't let it go either...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 7:43 PM
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