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Making multiple payments causes 7 day hold

Senior Contributor

Re: Making multiple payments causes 7 day hold


Open123 wrote:

Just curious, but what's the rationale for paying frequently, or even while it's pending before a charge has posted?  


Can't speak for anyone else but my reasons are: Want $0 balance reporting and managing the budget. All rewards, cashback or otherwise, go out the window if they collect interest. Multiple payments makes sure my cash goes where it was originally intended.

 

Companies can catch customers with their pants down on 0% very easily.


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Message 31 of 32
Super Contributor

Re: Making multiple payments causes 7 day hold


drkaje wrote:

Open123 wrote:

Just curious, but what's the rationale for paying frequently, or even while it's pending before a charge has posted?  


Can't speak for anyone else but my reasons are: Want $0 balance reporting and managing the budget. All rewards, cashback or otherwise, go out the window if they collect interest. Multiple payments makes sure my cash goes where it was originally intended.

 

Companies can catch customers with their pants down on 0% very easily.


That's true.  I can see where it makes sense to just pay the "minimum" early even if one plans to pay the bill in full. 

Message 32 of 32