10-17-2012 08:59 PM
How does the available credit line work? It's just the Credit Line minus balance + pending charges right? My Citi card's available credit line is not reflecting the fact that I paid off my last statement balance in full (statement was on 10/10/12, balance paid in full on 10/11/12, posted to my account 10/12/12). It's been five days...my credit line is $3300, but my available credit line is only $1388.14 but my total BALANCE is only $407.88 (posted and pending charges added together), and the remaning difference, $1503.98 was exactly my last statement balance but I already paid that and my account says I paid it too so where's $1503.98 of my credit? Do I have to wait until the NEXT statement closes to get the credit reflected on my available credit line? I tried to talk to Citi but of course they just told me to call back another time...
10-17-2012 09:08 PM
Usually your available credit will free up when the payment posts. It sounds to me like Citi put a hold on your available credit to make sure that payment completely clears your bank, I would expect it to last around 7-10 days, if a CSR won't go ahead and remove the hold.
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