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Making multiple payments causes 7 day hold

Senior Contributor

Re: Making multiple payments causes 7 day hold

I pretty much shoot them payment soon as a charge posts and haven't had any issues. 

 

FWIW, payments don't post very quickly to my USAA Amex.


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Message 11 of 32
Mega Contributor

Re: Making multiple payments causes 7 day hold

Speaking of this subjuct I just made a payment to my CrapOne card and they wanted to hold it for 6 days Smiley Mad

 

No sir...............pls. make my funds available immediately, thanks!




EQ FICO 548 3/3/16
Message 12 of 32
Valued Contributor

Re: Making multiple payments causes 7 day hold

One of the nice things I like about AmEx is, when I make a payment on one of my revolvers with them online, they credit it to your account immediately,

 

My CL on my BCP is 12400, and if I had charged 2000, my avail credit would be 10400, and when I make the 2000 payment online and go back to the Accounts page, it will instantly show my avail credit of 12,400 5 seconds after making the payment. I just like that, it's like a good faith gesture on AmEx's part.

 

My PayPal SC card is the same way, as soon as I hit the submit payment tab, I can check my spending power and it is right back at the full CL.

 

All the rest of my CC's pretty much take 24-48 hours to post the payment to my acct and restore the full CL.


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Message 13 of 32
Super Contributor

Re: Making multiple payments causes 7 day hold


Mustanglvr2006 wrote:

One of the nice things I like about AmEx is, when I make a payment on one of my revolvers with them online, they credit it to your account immediately,

 


I love that feature. I make a payment in full and my BCE shows $4000 immediately. Heck they even let me make a payment on pending items.

 


 




Message 14 of 32
Mega Contributor

Re: Making multiple payments causes 7 day hold


Mustanglvr2006 wrote:

One of the nice things I like about AmEx is, when I make a payment on one of my revolvers with them online, they credit it to your account immediately,

 

My CL on my BCP is 12400, and if I had charged 2000, my avail credit would be 10400, and when I make the 2000 payment online and go back to the Accounts page, it will instantly show my avail credit of 12,400 5 seconds after making the payment. I just like that, it's like a good faith gesture on AmEx's part.

 

My PayPal SC card is the same way, as soon as I hit the submit payment tab, I can check my spending power and it is right back at the full CL.

 

All the rest of my CC's pretty much take 24-48 hours to post the payment to my acct and restore the full CL.


Thats pretty awesome!! Well i'm sure they do that in part because most know not to burn AMEX.




EQ FICO 548 3/3/16
Message 15 of 32
Super Contributor

Re: Making multiple payments causes 7 day hold

I dont think that initially it was like that, AMEX tends to learn your habits and let you loose.




Message 16 of 32
Contributor

Re: Making multiple payments causes 7 day hold

LS I get the same from them they held my payment a week with no end in sight until I called they are banished to my sd and eventual closing
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Message 17 of 32
Valued Contributor

Re: Making multiple payments causes 7 day hold


CS800 wrote:

Mustanglvr2006 wrote:

One of the nice things I like about AmEx is, when I make a payment on one of my revolvers with them online, they credit it to your account immediately,

 


I love that feature. I make a payment in full and my BCE shows $4000 immediately. Heck they even let me make a payment on pending items.

 


 


Yes, I LOVE that feature too, Good point CS.


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Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
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Message 18 of 32
Senior Contributor

Re: Making multiple payments causes 7 day hold

In my experience, different credit card companies have different policies here.

 

I know that with HSBC / Orchard, if you make more than one payment within seven days, it'll trigger a hold on funds.  If you make payments exactly seven days apart, there's no hold.


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Message 19 of 32
Mega Contributor

Re: Making multiple payments causes 7 day hold


LilloEsquilo wrote:
LS I get the same from them they held my payment a week with no end in sight until I called they are banished to my sd and eventual closing

When they do that, call this number 1-800-707-0489 (Sr. Acct. Escalations) give them the bizness about it and they'll release it!




EQ FICO 548 3/3/16
Message 20 of 32