Credit Card Center Advertiser Disclosure†
07-27-2008 09:31 AM
Exactly. I either pay immediately when the statement posts, or I'll schedule the electronic payment to be made three or four days prior to it being due, leaving sufficient time for it to to post to the account. It's all part of responsible management of your money. Too many people have gotten into trouble by forgetting to pay the bill and then getting caught with fee's and the subsequent late notices on their CR's. It can all be avoided.
And BTW, in hopes of avoiding a possible lecture, the dates I focus on are statement dates, as I am paying early in hopes of having $0 report. I don't mess with due dates. Any balance due has generally been paid 4 weeks ahead of the due date.
07-27-2008 12:42 PM
07-27-2008 12:42 PM
Watchmann wrote:Exactly. I either pay immediately when the statement posts, or I'll schedule the electronic payment to be made three or four days prior to it being due, leaving sufficient time for it to to post to the account. It's all part of responsible management of your money. Too many people have gotten into trouble by forgetting to pay the bill and then getting caught with fee's and the subsequent late notices on their CR's. It can all be avoided.
in hopes of avoiding a possible lecture. . . .
07-27-2008 06:52 PM
Seriously. On their website, there is an option to pay "standard" or "express". the standard payment usually takes around 3 days to clear and post, etc....while the "express" option posts the payment to your account that same day.
Now this sounds fine and good but the "express" is $15 extra. I guess I could understand REALLY needing to use it if you forgot to pay and your payment was the next or the same day, then yeah, I could see using the "express" option.
My question is....what is it, for the $15, that express works faster and posts that same day?
It is all done electronically and computerized ....so what gives? Does the $15 speed up the electric current in the computers? Does it make someone push buttons faster? No.
Why not have the "express" delivery be the only option? And for free? Or is it that HSBC sees this scam as a way to milk more money out of sub-primers?
07-27-2008 07:54 PM
Orchard always posts within 48hrs for me unless I pay on friday or saturday. If I pay on sunday payment always posts nexday.
LouMinotti wrote: It's a scam to get more money out of the customer. I have three Cap1 accounts and I pay them online the day the are due before 3PM and the payment is posted that day. Same with Juniper, same with Macys. I have to pay my Orchard bank cards four to five days in advance so as not to be "late'.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.