Credit Cards

[Duncanrr]

I made a large payment early yesterday to PIF my Walmart Discover prior to its bill being generated tomorrow.  I just logged into account and it still shows full balance and payment from yesterday as pending.  They havent even presented it to my bank yet.  Should I contact them? I dont want my statement to generate tomorrow with the old balance.

Thanks

[dante123321]

Its normal it take 2-3 days for the payment to clear

[Duncanrr]

I'm not worried about payment clearing just reported balance.

[distantarray]

if you paid before the bill generated i don't think you'll have a problem at all. just as long as it posts before the due date it should be fine. i make a payment every week to avoid huge balances form showing up.

[09Lexie]

Duncanrr- I called and  spoke to a CSR about their 'posting times' last month on my Penney card when I noticed their quirky wording on their receipt after I made my payment in the store.  I was told to allow 72 hours for payments to post, it didn't matter if the payment was made online, in person, cash or check (if you mail allow 5-10 days). If you made your payment yesterday, after the 72 hours your payment will show Oct 31st.  

So, I am making all my GE payments at least 4 days priors to mid-cycle /end of the month dates.  

[Duncanrr]

So it's possible my balance will not be updated prior to statement cut? That's BS.

[maiden_girl]

I think it matters how you pay it. If you push a payment through your bank...it will take longer than paying it on Walmart site.

[Duncanrr]

I paid online at Walmart's site.

[09Lexie]

Possible but in my case I  paid my bill in full that morning of the due date last month (the 17th) my payment cleared my account Friday and although I received that quirky warning to allow 72 hours- it did make it on my statement.  I was told the reason was because there was no grace period and they are generating the statement.  To me that means, pay it early especially if it falls on a weekend. 

Just saying...

[j_casteel]

This has happened to me as well as several others....I think there are a few threads about this too. 

I've made PIF payments twice now and they take so long to process the payments that I have had balances report twice now even though I have PIF before statement cuts. I called and they said it shouldn't happen after having the account for 4mths or so. I guess we'll see since this will be my 4th month.