topic Re: Barclays is greedy. in Credit Cards

Barclays is greedy.

taxi818 — Thu, 05 Feb 2015 13:05:24 GMT

I pushed four electronic payments from my bank 6 days ago to pay off all credit cards in full. All was received and posted paid in full except barclays. Statement closed this morning. Owed 600 dollars. Now 611.92 because of them wanting that interest. My goodness. How long does it take to gavel paymentpost from my bank. Already 6 days. S,eat it on the 30th of January. Anyone else face this crap. With their outrageous apr. Useless. Even if I buy Apple now. It's not a bargain with the Apple card. I don't have any deal offers. Fear this company. Fear them. Rant over.

Re: Barclays is greedy.

lg8302ch — Thu, 05 Feb 2015 13:14:39 GMT

I never tried to push payments since I do not attempt 0 balance reporting but when I pull the amounts are credited the next business day. So no issues for me on both of my Barclaycards.

Re: Barclays is greedy.

kdm31091 — Thu, 05 Feb 2015 13:17:13 GMT

I don't know that its really greedy, more so they are probably just slow. Sometimes my Discover payments take a few days to post and reflect in the available credit. Its 11 dollars. Worse things can happen lol

Re: Barclays is greedy.

StartingOver10 — Thu, 05 Feb 2015 13:20:45 GMT

@lg8302ch wrote:
I never tried to push payments since I do not attempt 0 balance reporting but when I pull the amounts are credited the next business day. So no issues for me on both of my Barclaycards.

^^^Same here. Never had an issue with either of my Barclay's cards. Payments are credited the next business day. Can pay on my phone with their excellent app or online. EZ and efficient.

Re: Barclays is greedy.

racer-x — Thu, 05 Feb 2015 13:20:26 GMT

No experience with Barclays, but Discover recently screw ed me when I PIF a $4300 balance on the 13th. It cleared my bank within 2 days and the payment was reflected on my online Discover page....but, they put an 8 day hold on the payment and my new available credit wasn't reflected on my account page., (8 days? not 5 or 7, but 8).

They had to get verification from my bank that the payment was legit, allegedly.

The problem was my statement cut on the 20th, 1 day before the PIF payment was cleared by Discover....I feel they purposely made it an 8 day hold so I would miss the statement cut showing the balance at $0.

2 wks later I called again to bi tch about it, and they did a mid cycle report for me. It's straightened out now. But I'm not over it yet.

Re: Barclays is greedy.

StartingOver10 — Thu, 05 Feb 2015 13:25:25 GMT

@racer-x wrote:
No experience with Barclays, but Discover recently screw ed me when I PIF a $4300 balance on the 13th. It cleared my bank within 2 days and the payment was reflected on my online Discover page....but, they put an 8 day hold on the payment and my new available credit wasn't reflected on my account page., (8 days? not 5 or 7, but 8).
They had to get verification from my bank that the payment was legit, allegedly.

The problem was my statement cut on the 20th, 1 day before the PIF payment was cleared by Discover....I feel they purposely made it an 8 day hold so I would miss the statement cut showing the balance at $0.

2 wks later I called again to bi tch about it, and they did a mid cycle report for me. It's straightened out now. But I'm not over it yet.

I had Synchrony do that to two of my accounts in Jan and Best Buy too. I paid off the accounts in Dec. All three failed to report zero balances in Jan. Had to have each of them report mid-cycle to get the zero balance to report. I was beginning to believe it was a conspiracy by the cc issuers to show balances in January! lol...just kidding. But I understand your frustration.

Re: Barclays is greedy.

taxi818 — Thu, 05 Feb 2015 13:26:53 GMT

@racer-x wrote:
No experience with Barclays, but Discover recently screw ed me when I PIF a $4300 balance on the 13th. It cleared my bank within 2 days and the payment was reflected on my online Discover page....but, they put an 8 day hold on the payment and my new available credit wasn't reflected on my account page., (8 days? not 5 or 7, but 8).
They had to get verification from my bank that the payment was legit, allegedly.

The problem was my statement cut on the 20th, 1 day before the PIF payment was cleared by Discover....I feel they purposely made it an 8 day hold so I would miss the statement cut showing the balance at $0.

2 wks later I called again to bi tch about it, and they did a mid cycle report for me. It's straightened out now. But I'm not over it yet.

That's how I feel about this 11 bucks. Everyone else posted it in a day or two. Still not posted at barclays. Yes I do use the app mostly. And it works great. First time pushing payments. So bad taste now. Even statement just cut.

Re: Barclays is greedy.

DaveInAZ — Thu, 05 Feb 2015 13:58:27 GMT

@taxi818 wrote:
I pushed four electronic payments from my bank 6 days ago to pay off all credit cards in full. All was received and posted paid in full except barclays. Statement closed this morning. Owed 600 dollars. Now 611.92 because of them wanting that interest. My goodness. How long does it take to gavel paymentpost from my bank. Already 6 days. S,eat it on the 30th of January. Anyone else face this crap. With their outrageous apr. Useless. Even if I buy Apple now. It's not a bargain with the Apple card. I don't have any deal offers. Fear this company. Fear them. Rant over.

If they hadn't credited your payment wouldn't you have a late charge? Did you PIF last month, or carry a balance? Barclays has a policy that you have $0 balance 2 months in a row to avoid interest charges. For example, if you had a $100 balance in Dec and paid $2.20 interest, charge $200 in Jan and PIF $302.20 you will still be charged interest, the next month you won't if you PIF.

Re: Barclays is greedy.

taxi818 — Thu, 05 Feb 2015 13:57:02 GMT

@DaveInAZ wrote:
@taxi818 wrote:
I pushed four electronic payments from my bank 6 days ago to pay off all credit cards in full. All was received and posted paid in full except barclays. Statement closed this morning. Owed 600 dollars. Now 611.92 because of them wanting that interest. My goodness. How long does it take to gavel paymentpost from my bank. Already 6 days. S,eat it on the 30th of January. Anyone else face this crap. With their outrageous apr. Useless. Even if I buy Apple now. It's not a bargain with the Apple card. I don't have any deal offers. Fear this company. Fear them. Rant over.
If they hadn't credited your payment wouldn't you have a late charge? Did you PIF last month, or carry a balance? Barclays has a policy that you have $0 balance 2 months in a row to avoid interest charges. For example, if you had a $100 balance in Dec, charge $200 in Jan and PIF $300 you will still be charged interest, the next month you won't if you PIF.

No late charge. As I always pay immediately after I see statement. So I had already paid 50 dollars 3 weeks ago. This was just the remaining balance to pay in full. Never ever a chance of paying late. I'm paranoid like that.

Re: Barclays is greedy.

Anonymous — Thu, 05 Feb 2015 14:07:23 GMT

Call em. They will probably credit you the 11 bucks just to get you off the phone.

Re: Barclays is greedy.

Anonymous — Thu, 05 Feb 2015 14:09:13 GMT

That's why I make my payments at LEAST 10 days before due.

Re: Barclays is greedy.

Callandra — Thu, 05 Feb 2015 14:24:20 GMT

@Anonymous wrote:
That's why I make my payments at LEAST 10 days before due.

Same here -- I usually pay several days after the statement cuts to have -pleny- of time. I've never pushed payment though; I always pay using the app or online with the money being taken from my bank account that way.

Re: Barclays is greedy.

Anonymous — Thu, 05 Feb 2015 16:00:25 GMT

Havent had an issue with payments posting from any lender but Barclay usually takes 2-3 days. Never pushed a payment.....not even sure what that means. If anything is owed I pay $60 once the statements close then make a large payment close to the due date if necessary. Usually with mobile apps.

Re: Barclays is greedy.

Anonymous — Thu, 05 Feb 2015 16:18:33 GMT

@Anonymous wrote:
That's why I make my payments at LEAST 10 days before due.

ANd that's why I set it to auto PIF on due date on the issuers site , so it becomes their responsibility (as long as funds were available)

Re: Barclays is greedy.

taxi818 — Thu, 05 Feb 2015 16:20:47 GMT

@Anonymous wrote:
Havent had an issue with payments posting from any lender but Barclay usually takes 2-3 days. Never pushed a payment.....not even sure what that means. If anything is owed I pay $60 once the statements close then make a large payment close to the due date if necessary. Usually with mobile apps.

Pushing payment means directly from bank like bill pay. No apps or anything. Your bank will pay whoever you want to your account. Example. If lender can't accept payment because of any reason. You can Ptah it from your bank. My min due was 0. But balance was 600. So I pushed the 600 since I had already made payment thru app. Payment thru app took 2 days. Now 6 days even money left my bank. Barclay still not posted. I'm sure it will post tomorrow. Now they added 11.92 in interest. So I will have balance of 11.92. As other stated. If I am a pita to them. They may credit it back.

Re: Barclays is greedy.

Anonymous — Thu, 05 Feb 2015 16:22:04 GMT

Got it

Re: Barclays is greedy.

kdm31091 — Thu, 05 Feb 2015 16:24:02 GMT

The thing is you should always expect a delay with bank bill pay vs. Paying directly on the issuers site or app. That's how bank bill pay is. If you wanna be a PITA to them about 11 bucks that's fine but next time just pay further in advance if you wanna use the bill pay method IMO.

Re: Barclays is greedy.

Callandra — Thu, 05 Feb 2015 16:28:17 GMT

I would think if you called and politely explained what happened and how you would like them to waive the interest fee as a one-time courtesy, they would be happy to do so. I am always happy to help the people that call my company who are nice and polite. If they're a PITA, I quote policy and don't give them anything.

Re: Barclays is greedy.

kdm31091 — Thu, 05 Feb 2015 16:30:05 GMT

Exactly. No need to be a pain about it. Just pay further out next time, and ask politely if they'll credit you for this. If not, its 11 bucks and lesson learned about paying earlier, and you can move on with your life.

Re: Barclays is greedy.

taxi818 — Thu, 05 Feb 2015 16:31:59 GMT

I agree. I will be polite for sure. I just never seen it taking a week in real time for a payment. It's all good.