topic Re: Blispay Payment Holds? in Credit Cards

Blispay Payment Holds?

UncleB — Mon, 13 Jun 2016 23:12:49 GMT

Last Monday I paid my Blispay account using their interface. I've still not received my first statement (or rather, statement notification) but I was paying my other bills and decided to 'keep it simple' and wipe out all my 'little' balances. The amount I paid was just under $31.

A full week later, they still haven't restored my available credit to the full amount. Granted, it's certainly not a problem in this case, but if it was a significant amount (or my credit line was small) it could be problematic.

Note that my balance as shown on their website is correct ($0 balance) and the payment cleared my bank only a couple of days after I made it.

I guess I'm just curious to see what others are experiencing... thanks!

Re: Blispay Payment Holds?

CreditCuriosity — Tue, 14 Jun 2016 01:54:20 GMT

10 day holds for me .. Hopefully it goes away for 90 days or whatever once they get "use" to us. Granted credited, just not back to available credit for 10 days which isn't a huge concern to me, just a slight bit annoying

Re: Blispay Payment Holds?

UncleB — Tue, 14 Jun 2016 02:03:05 GMT

@CreditCuriousity wrote:
10 day holds for me .. Hopefully it goes away for 90 days or whatever once they get "use" to us. Granted credited, just not back to available credit for 10 days which isn't a huge concern to me, just a slight bit annoying

Ah, so it will be 10 days then. I agree, it is a slight bit annoying, but as long as I know the "rules of the game" I can easily work with it.

I would usually just 'push' the payment to avoid the issue altogether (I'm generally a big advocate of 'push' ACH payments anyway) but since doing that would create a paper check that would then be mailed I think it is simpler to just pay within their established system.

I'm still a fan!

Re: Blispay Payment Holds?

Anonymous — Tue, 14 Jun 2016 02:06:13 GMT

That is a rather long hold, although I know some lenders hold the first payment (or large payments) sometimes, so hopefully that's all it is and eventually they'll start going faster.

Re: Blispay Payment Holds?

joltdude — Tue, 14 Jun 2016 07:16:17 GMT

This is like subprime cards with the holds like this. Hopefully it's just a short term issue once account is established.....

Re: Blispay Payment Holds?

UncleB — Tue, 14 Jun 2016 07:28:00 GMT

@joltdude wrote:
This is like subprime cards with the holds like this. Hopefully it's just a short term issue once account is established.....

It does remind me a bit of the old Orchard/HSBC days in that regard... LOL.

I'm with you, though, I'm hoping that once a few successful payments go through they'll relax on that a bit.

Re: Blispay Payment Holds?

RonM21 — Tue, 14 Jun 2016 09:53:33 GMT

@Anonymous wrote:
That is a rather long hold, although I know some lenders hold the first payment (or large payments) sometimes, so hopefully that's all it is and eventually they'll start going faster.

That is long and would drive me crazy lol

Re: Blispay Payment Holds?

srecor — Tue, 14 Jun 2016 10:30:18 GMT

Penfed does the same. 10 day hold for first 90 days, even if it comes from a share account or access america

Re: Blispay Payment Holds?

Blackbeauty212 — Tue, 14 Jun 2016 15:16:40 GMT

Is this just for Large payments or all payment?

Re: Blispay Payment Holds?

Blodreina — Tue, 14 Jun 2016 15:25:29 GMT

@Blackbeauty212 wrote:
Is this just for Large payments or all payment?

All

Re: Blispay Payment Holds?

Creditplz — Tue, 14 Jun 2016 16:20:19 GMT

I was wondering why my account only showed $4391/4400 and it had a -0.17 balance! wow

Re: Blispay Payment Holds?

CreditCuriosity — Tue, 14 Jun 2016 16:34:14 GMT

Guessing after 90 days this will go away.. Places like PenFed did this as well and went away after 3 months.

Re: Blispay Payment Holds?

Anonymous — Tue, 14 Jun 2016 16:37:43 GMT

Brand new company + first time payments will result in this. I hope folks will be mindful of the fact that this company is new and there will be growing pains.

Re: Blispay Payment Holds?

Anonymous — Tue, 14 Jun 2016 17:48:55 GMT

@srecor wrote:
Penfed does the same. 10 day hold for first 90 days, even if it comes from a share account or access america

Yep, that's what they're doing to me right now.

Re: Blispay Payment Holds?

Anonymous — Tue, 14 Jun 2016 17:56:09 GMT

@srecor wrote:
Penfed does the same. 10 day hold for first 90 days, even if it comes from a share account or access america

Yep!

Re: Blispay Payment Holds?

Anonymous — Tue, 14 Jun 2016 17:56:47 GMT

@CreditCuriousity wrote:
Guessing after 90 days this will go away.. Places like PenFed did this as well and went away after 3 months.

Yes, it did!

Re: Blispay Payment Holds?

Anonymous — Tue, 14 Jun 2016 18:00:40 GMT

Thanks for the heads up UncleB!

Re: Blispay Payment Holds?

Blackbeauty212 — Wed, 15 Jun 2016 15:58:53 GMT

@Anonymous wrote:
Brand new company + first time payments will result in this. I hope folks will be mindful of the fact that this company is new and there will be growing pains.

Perfectly Logical and Responsible of a Start Up company such as Blispay. However this should be a Data point for those planning to use Blispay as an Everyday Spending Card as well as take advantage of the Finiancing. Someone with a low-end CL may find they'll run into some congestion with this card.

Re: Blispay Payment Holds?

Anonymous — Wed, 15 Jun 2016 20:18:28 GMT

I only paid attention to the balance and not the available credit (not worried about reaching $6,000 CL). Good to know thank u!

Re: Blispay Payment Holds?

Anonymous — Wed, 22 Jun 2016 00:22:36 GMT

Did anyone when applying get a "call within 5 days" notice? I got one today after applying but it was too late in the business day to call. I will call them first thing in the morning. I was approved 3 for 3 on my other apps today, so I'm FAIRLY confident in Blispay approval, just wondering what I can expect with a call tomorrow as far as questions, etc. Thank you.