Maximum Monthly Payments?

[notoriousrod]

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?

[Wolf3]

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

[Anonymous]

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

[notoriousrod]

In that case I'm sure they wouldn't reject me going to a branch with $$$ in hand?

[tiger67]

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

[Jazzzy]

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.

[SCF]

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

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+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.

[JagerBombs89]

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.

[laz98]

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