11-08-2011 06:05 AM
Is this normal for capital one? I recenty got approved back in Late August for the MTV rewards card and the Classic Platinum card both limits are 500 with the step program. My issue is that every time I post a payment it literally takes about a week or more for it to reflect on the card. I paid the card off in full and tried to use it 2 days later and of course it was declined .. TOTALLY EMBARASSED..Luckily I had another card on me but when I called she said the payment can take up to two weeks to go through authorization .. seriously two entire weeks ????? I just made another payment last week and it hasn't reflected YET ...
11-08-2011 06:18 AM
Yes it is normal and a pain in the butt. My wife and I both had new accounts with them a while back. They would hold her payment for about 5 to 7 days but would credit mine the next day. They did this for nearly four months on her account.
Starting Score: 594 (Dec 10, 2010)
Score: 758 (March, 2013
Goal Score: 730 on all (by end of 2012)
Take the FICO Fitness Challenge
11-08-2011 07:34 AM
This happened to me a couple months ago when I paid off a large balance. I called after my card was declined and the CSR immediately credited the payment so I could use the card again. Total pain in the ass.
11-08-2011 07:58 AM
Thats strange. I have had my no hassle cash card since august now. Made the first 3 payments on time and each time the payment is reflected the next day.
Say for example I set a payment to go out on September 29. On September 29 the payment shows up as processing, then on September 30th the payment is reflected on the card and in my credit limit. I am paying them through their online bill pay on their website.
It always shows up next day for me and I am a new account. Strange that it would take a whole week for you.
11-08-2011 09:22 AM
I have read about so many people having problems with cap1 payments. I just made my first payment last wk and my funds were available the next day and it also cleared my bank the next day. I have the credit steps program with 300CL(500CLI in 5mths)
11-08-2011 10:58 AM
Have you tried the push method from your banks online bill pay? that may work since I would think capital one would know the funds were available but not sure how long that takes
I never have had an issue though with online bill pay with cap1
11-08-2011 06:48 PM
Seems to be normal at first with Cap One. You must've gotten one of their Hassle Cards...
j/k of course. It should clear up in time.
11-08-2011 06:52 PM
i have never had this issue, i would think they would be eager to get their money haha
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.