Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Since Cap1 has been doing it...WF figured to start

Every payment, except a $30 payment, has been subject to a 7-10 day hold when I pay my Cap1 credit card bill.  Wells Fargo hadnt put a hold on a single payment.

 

That changed today.  WF put a 7-10 day hold on my payment from the 15th.  It has already cleared my bank and Ive gotten a notice from WF that the payment has posted but my available credit hasnt changed.

 

I HATE HOLDS!!!



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Established Contributor
Posts: 573
Registered: ‎05-29-2011
0

Re: Since Cap1 has been doing it...WF figured to start

Have you ever bounced a payment, or more than one payment ?

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,
Moderator Emeritus
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Since Cap1 has been doing it...WF figured to start

How long have you had the account, and how frequently have you been paying? Have you started paying more frequently than usual?


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Since Cap1 has been doing it...WF figured to start

[ Edited ]

n777ua wrote:

Have you ever bounced a payment, or more than one payment ?



Nope.  Never bounced a check.  I dont have any Equicheck, or whatever that those check systems are called, flags or anything.  I do make more than 1 payment and I know they list that as reason for holds.  But come on.  My limits are so frigging low that I have to make multiple payments just to be able to use the cards on regular basis.

 

Accounts are 3-4 months old.  Ive made about 9 payments to WF and this was first one with hold.  Ive made about the same to Cap1 and ive had 8 out of 9 payments held.



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,927
Registered: ‎06-21-2012
0

Re: Since Cap1 has been doing it...WF figured to start

i've never had any payment put on hold on any of my cards and i almost always make payments for over $100

| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $15k | Freedom $3k | IT $5.25k | CSP $5k | Marriott $5k | AMEX TE $18k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Since Cap1 has been doing it...WF figured to start

I know I can call them and have them release the hold but it just bugs me.  It also makes me wonder if they are seeing something that I am not aware of that is causing them to feel the need to place holds.

 

Oh well, guess I'll not be using cards this weekend....back to good old debit card.



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Frequent Contributor
Posts: 341
Registered: ‎08-14-2012
0

Re: Since Cap1 has been doing it...WF figured to start

How are you able to check the holds on your account with Cap One? I want to be aware of this myself, since I just approved for a Capital One Platinum Unsecured card.

Cap One Platinum MC $2.5k CL (08/12)
Citi Forward Student Visa Card $1.5k CL (09/12)
Express NEXT Card $0.25k CL (02/13), Jcrew CC $0.7k CL(02/13)
AMEX PRG NPSL (03/13), AMEX Gold Delta Skymiles 2k (03/13)
Walmart Credit Card $1.5k (03/13)
TU: 687 FICO (3/13) | EX: 692 Lender Pull (3/13) | EQ: 678 (4/1/13)
Established Contributor
Posts: 710
Registered: ‎06-01-2012
0

Re: Since Cap1 has been doing it...WF figured to start

you should set up electronic payments from your online banking account. Mine go through the day I schedule the payment and show up on my card available later in that day. I never write checks. I, like you, have low limits and have to pay every week to keep using it. Ive never had any issues in almost a year.

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Since Cap1 has been doing it...WF figured to start


jcstarkey8826 wrote:

you should set up electronic payments from your online banking account. Mine go through the day I schedule the payment and show up on my card available later in that day. I never write checks. I, like you, have low limits and have to pay every week to keep using it. Ive never had any issues in almost a year.


I know.  Ive been told this but I shouldnt have to do this.  ACH is a secure form of transfer and once the funds clear my bank there is no reason for a hold.  Ive been refusing to set up electronic payments out of spite Smiley Happy



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Regular Contributor
Posts: 150
Registered: ‎05-04-2012
0

Re: Since Cap1 has been doing it...WF figured to start

USAA finally put a hold on my last payment but I think that is because I finally closed my checking account with them



Starting Score: 502 5/4/2012
Current Score: 640 08/03/2012
Goal Score: 700


Take the FICO Fitness Challenge

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.