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Regular Contributor
Posts: 118
Registered: ‎01-15-2009
0

Maximum Monthly Payments?

I have been making multiple payments each month for the last 2 months. I just tried to make another payment and got this message:

 

You exceeded the maximum number of payments you can make in a calendar month. 

 

I called BofA and they said the max is 4 payments a month.  My CL is $1K, so when I charge my utilities, bills, etc. I like to pay it off right away. I do this to take advantage of the rewards, but with a $1K limit I don't want a big UTIL. 

 

Has anyone run into this?

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01/18/09-Exp-632/Trans-610/Eq-576

06/30/09-Exp-647/Trans-629/Eq-621

07/17/09-Exp???/Trans-???/Eq-635

Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Maximum Monthly Payments?

[ Edited ]

Sears MC (CIti) allows 5 payments a month.

 

Utilization only matters on the day they report to CB.  No need to worry about during the month.  

 

IMO, you only need to worry about Utilization, when being reviewed for credit. 

 

 

Message Edited by Wolf3 on 03-02-2010 08:09 AM
Valued Member
Posts: 45
Registered: ‎01-21-2010
0

Re: Maximum Monthly Payments?

That limit probably only applies to online payments.   Believe me, if you write out an actual check and mail it to them, they will cash that check :smileyhappy:

 

 

Regular Contributor
Posts: 118
Registered: ‎01-15-2009
0

Re: Maximum Monthly Payments?

In that case I'm sure they wouldn't reject me going to a branch with $$$ in hand?
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01/18/09-Exp-632/Trans-610/Eq-576

06/30/09-Exp-647/Trans-629/Eq-621

07/17/09-Exp???/Trans-???/Eq-635

Regular Contributor
Posts: 163
Registered: ‎09-23-2008
0

Re: Maximum Monthly Payments?

You can also push payments through a bill pay site like Mycheckfree.com
Valued Contributor
Posts: 2,682
Registered: ‎07-29-2009
0

Re: Maximum Monthly Payments?

AmEx, for example, will take more payments, but only one payment every 24 hours.

 

National City makes you spread payments out with 4 or 5 days in between.

 

They all have their individual restrictions.

Community Leader<br> Valued Contributor</br>
Community Leader
Valued Contributor
Posts: 1,287
Registered: ‎06-09-2008
0

Re: Maximum Monthly Payments?


tiger67 wrote:
You can also push payments through a bill pay site like Mycheckfree.com

+1 to that.  I use BillPay through Wells Fargo and they never send my payments back or complain about them.  Check with your bank to see if you can set this up.

Frequent Contributor
Posts: 487
Registered: ‎09-13-2009
0

Re: Maximum Monthly Payments?

Chase only allows me to make one payment per every three days... I dont know if there is a montly cap or not though as I have made 4-5 at most in one month.
Community Leader
Senior Contributor
Posts: 4,336
Registered: ‎09-06-2008
0

Re: Maximum Monthly Payments?

1FBUSA only allows you to make online payments every 10 days.
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