03-02-2010 08:00 AM
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?
03-02-2010 08:08 AM - edited 03-02-2010 08:09 AM
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.
03-02-2010 09:42 AM
03-02-2010 04:28 PM
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.
03-02-2010 05:00 PM
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.
03-02-2010 05:09 PM
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