Reply
Epic Contributor
Creditaddict
Posts: 20,123
Registered: ‎10-23-2007
0

Macy's Payment Freeze

I paid in store by check (1st mistake)
2nd mistake, I paid the balance = $1165.45 (to big of payment)
They are now holding the payment for 14 days.
 
so then went back and made a 2nd payment for $600 by debit card so I could charge today, and they allowed WITH authorizations me to charge to the $600 then cut me off again.
 
I guess this is becoming norm these days in this market for payments to get held long time.
 
Love the card and really no complaints in end, was just hoping to do more purchasing today!
Fico Scores: EQ- HATE U, TU 671 GE, EX 669 Chase(09-15-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Walmart $400
Over 45 Cards in between :smileytongue:
Established Contributor
miahmarie
Posts: 648
Registered: ‎02-04-2008
0

Re: Macy's Payment Freeze

That sucks! Thanks for the FYI!

We are hoping to get in on the men's suit event on October 1st. This way I can take advantage of the sale and free alterations for my dude.

I better keep an eye on the payment thingy!
Epic Contributor
Creditaddict
Posts: 20,123
Registered: ‎10-23-2007
0

Re: Macy's Payment Freeze

it really came down to poor planning on my part. I knew that i was going to pay it off, I should have had my other debit card with me or had gotten cash to pay it off instead of check.
I mean GE holds my payments that are wire transfered to them!! lol
atleast a check makes since to hold.
Fico Scores: EQ- HATE U, TU 671 GE, EX 669 Chase(09-15-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Walmart $400
Over 45 Cards in between :smileytongue:
Regular Contributor
siangirl34
Posts: 242
Registered: ‎07-26-2008
0

Re: Macy's Payment Freeze

Capitol One is holding my online payment of $305.43 for 10 days. I've already posted two other $70ish payments since. I guess they are leary of big payments, but I'm sure they have the cash at this point, as it cleared my bank account over a week ago. Anyway, from now on, I'll make under $100.00 payments to avoid the hassle.
Senior Contributor
score_building
Posts: 3,532
Registered: ‎01-10-2008
0

Re: Macy's Payment Freeze

why would they consider your payment too big?  i've pifed my cap1 for 400+ w/o protracted delay in posting to my acct.
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Epic Contributor
Creditaddict
Posts: 20,123
Registered: ‎10-23-2007
0

Re: Macy's Payment Freeze

it just all depends on how long you have had your account and what the computer deems risky at one time or another. payment holds for 5-15 days is becoming more norm on newer accounts or accounts being paid completely off.
GE is very big about payment holds even on my not so new account (9 months)
Fico Scores: EQ- HATE U, TU 671 GE, EX 669 Chase(09-15-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Walmart $400
Over 45 Cards in between :smileytongue:
Established Contributor
Tons_of_Debt
Posts: 610
Registered: ‎08-01-2008
0

Re: Macy's Payment Freeze

Suit Event on October 1? Agh, temptation!!!
08/01/2008 - 472 EQ; 523 TU; 454 EX
03/01/2009 - 574 EQ
08/08/2009 - 648 EQ
01/27/2010 - 671 EQ
07/04/2010 - 713 EQ
01/05/2011 - 730 EQ
Senior Contributor
fishbjc
Posts: 3,377
Registered: ‎11-30-2007
0

Re: Macy's Payment Freeze

I think a few stores are taking bigger precautions now.  I pay mine all with billpay through my bank and it's been fine.
 
How do they expect us to spend if the account is locked :smileymad::smileymad:
Regular Contributor
siangirl34
Posts: 242
Registered: ‎07-26-2008
0

Re: Macy's Payment Freeze

Capitol One emailed a response to my question about the hold on the $350:

"After reviewing your account, it appears that a temporary hold in the
amount of $305.53 has been placed on your available credit due to
account being new or less than 6 months old.

To ensure your payment will clear, we may wait 6-10 calendar days before
allowing any additional charges (up to the payment amount) if any of the
following occur:

• returned payment(s) in the last 6 months
• recent authorizations declined due to exceeding the credit limit
• account is delinquent
• account is new or less than 6 months old
• payment is made by phone"
 
They didn't hold any of the smaller payments I made, no idea why they held the bigger one, all come from the same bank account.
Epic Contributor
Creditaddict
Posts: 20,123
Registered: ‎10-23-2007
0

Re: Macy's Payment Freeze

Payment cleared yesterday and account unlocked!!
Also qualified for Platinum status already, new cards are in the mail.
now I earn 3% at macy's and 1% everywhere else.
Fico Scores: EQ- HATE U, TU 671 GE, EX 669 Chase(09-15-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Walmart $400
Over 45 Cards in between :smileytongue:

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+