topic Re: PNC is rejecting multiple BBVA CC payments in Credit Cards

PNC is rejecting multiple BBVA CC payments

Anonymous — Tue, 19 Oct 2021 03:04:05 GMT

My checking account and two credit cards with BBVA are now at PNC.

I tried to make payments on the PNC site. It accepts a payment lets say on a Monday. Then if you try to make a payment the next day on a Tuesday you get an error message that a payment was recently made. So I waited until the next day, Wednesday and tried again and this time it was accepted.

On the BBVA cards you can not make payments at PNC the following day of your last payment. You have to skip a day in between. I do not have this issue on my old PNC cards just on the BBVA cards. I would prefer to be able to make payments as I seem fit and not be blocked out from paying them.

Thanks

Mark

Re: PNC is rejecting multiple BBVA CC payments

JNA1 — Tue, 19 Oct 2021 03:13:19 GMT

This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.

Re: PNC is rejecting multiple BBVA CC payments

chiefone4u — Tue, 19 Oct 2021 08:51:36 GMT

@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.

It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.

Re: PNC is rejecting multiple BBVA CC payments

Anonymous — Tue, 19 Oct 2021 09:08:25 GMT

@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.

Well I am not so sure. Take Citi Bank for example. When I make a payment there it shows my exact balance that I have to the penny in my Wells Fargo checking account. So on the review page before submit you see and Citi sees exactly how much you have on deposit in your funding account. So they instantly give you back avilable credit to your credit card the moment you press submit. Most major banks give you back available credit instantly as they can see where they are pulling the money from. Capital One, Suntrust and many others all do the same thing so there is no risk. These lenders also let you make as many payments in a single day as you want. I have made up to three payments in a single day at Capital One. The payments go into processing very quicly so they can not be eddited all you can do is make additional payments and there is never any issue.

Thanks

Mark

Re: PNC is rejecting multiple BBVA CC payments

CreditInspired — Tue, 19 Oct 2021 11:14:42 GMT

@Anonymous wrote:
@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.
Well I am not so sure. Take Citi Bank for example. When I make a payment there it shows my exact balance that I have to the penny in my Wells Fargo checking account. So on the review page before submit you see and Citi sees exactly how much you have on deposit in your funding account. So they instantly give you back avilable credit to your credit card the moment you press submit. Most major banks give you back available credit instantly as they can see where they are pulling the money from. Capital One, Suntrust and many others all do the same thing so there is no risk. These lenders also let you make as many payments in a single day as you want. I have made up to three payments in a single day at Capital One. The payments go into processing very quicly so they can not be eddited all you can do is make additional payments and there is never any issue.
Thanks
Mark

Just because I'm nosy and don't understand--why would anyone need to make 3 payments in a single day?

Re: PNC is rejecting multiple BBVA CC payments

Anonymous — Tue, 19 Oct 2021 17:02:21 GMT

@CreditInspired wrote:
@Anonymous wrote:
@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.
Well I am not so sure. Take Citi Bank for example. When I make a payment there it shows my exact balance that I have to the penny in my Wells Fargo checking account. So on the review page before submit you see and Citi sees exactly how much you have on deposit in your funding account. So they instantly give you back avilable credit to your credit card the moment you press submit. Most major banks give you back available credit instantly as they can see where they are pulling the money from. Capital One, Suntrust and many others all do the same thing so there is no risk. These lenders also let you make as many payments in a single day as you want. I have made up to three payments in a single day at Capital One. The payments go into processing very quicly so they can not be eddited all you can do is make additional payments and there is never any issue.
Thanks
Mark
Just because I'm nosy and don't understand--why would anyone need to make 3 payments in a single day?

Take one of my Capital One cards, it has a $30,000 CL yet I want to use that card to pay $40,000 in real estate taxes, so I cant use the card to pay them all since not enough CL. My accountant wants me to pay for each parcel seperate and match a CC payment to it. Since I own quite a few rental houses I am always using my cards on a daily basis. I am not out buying shoes. LOL. But I can use other cards I have as well. It all depends on statement cut off dates and what I want reported to the three credit companies.

Thanks

Mark

Re: PNC is rejecting multiple BBVA CC payments

Wavester64 — Tue, 19 Oct 2021 15:17:52 GMT

@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.

@Anonymous I remember WF Propel doing this when I first got the card and had heavy use on it to make the sub.

Re: PNC is rejecting multiple BBVA CC payments

JNA1 — Wed, 20 Oct 2021 00:12:50 GMT

@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.

Thanks for that explaination! I guess my mind doesn't work that way, because I couldn't think of any reason why a FI wouldn't want to take a payment.

Re: PNC is rejecting multiple BBVA CC payments

CreditCuriosity — Wed, 20 Oct 2021 01:02:19 GMT

This doesn't happen to me on my PNC cards that were no converted to PNC.. I have made a payment one day and also on a next. Could just be on converted cards from BBVA as have one of those, but no plan on really using the Points card since so subpar

Re: PNC is rejecting multiple BBVA CC payments

Anonymous — Wed, 20 Oct 2021 02:35:23 GMT

@CreditCuriosity wrote:
This doesn't happen to me on my PNC cards that were no converted to PNC.. I have made a payment one day and also on a next. Could just be on converted cards from BBVA as have one of those, but no plan on really using the Points card since so subpar

The same with me, my PNC issued cards I can make daily payments. The BBVA ones that they took over I can not. I have to skip a day.

Thanks

Mark

BBVA to PNC CC payment problems

Anonymous — Fri, 26 Nov 2021 22:58:00 GMT

As you know all BBVA cards went to PNC, well my checking and savings too. Anyway, with the cards that where transfered you can not make a payment two days in a row. You have to skip a day between payments. Could it be that I have some of the settings wrong? How can I fix this?

On my cards that PNC originated to me I can make daily payments with no problem but not on the transfered BBVA cards. When the cards transfered over there must have been a default setting but I have no idea how to get around it. Enclosed is a PNC statement from one of my BBVA transfered cards. What am I missing here?

Thank you in advance,

Mark

Re: BBVA to PNC CC payment problems

FinStar — Fri, 26 Nov 2021 23:02:37 GMT

@Anonymous-- two threads on the same subject have been merged. Please refrain from creating multiple threads on the same subject as this can be confusing to the community and is against the myFICO Forums TOS. Thanks.

Re: PNC is rejecting multiple BBVA CC payments

SoCalGardener — Fri, 26 Nov 2021 23:08:00 GMT

@Anonymous wrote:
My checking account and two credit cards with BBVA are now at PNC.

I tried to make payments on the PNC site. It accepts a payment lets say on a Monday. Then if you try to make a payment the next day on a Tuesday you get an error message that a payment was recently made. So I waited until the next day, Wednesday and tried again and this time it was accepted.

On the BBVA cards you can not make payments at PNC the following day of your last payment. You have to skip a day in between. I do not have this issue on my old PNC cards just on the BBVA cards. I would prefer to be able to make payments as I seem fit and not be blocked out from paying them.

Is there a reason you don't just push your payments through via a checking account? In other words, skip the card's payment options altogether, and use your bank's bill pay to make your payments. This is how I pay all of my bills, and most of the major banks, like Amex and Citi and Discover, credit my payment the very same day I make them via my BofA account. Of course, some have a little lag time, but these days that's very minimal, like a day or two at most. Unless there's a compelling reason to use the card's payment options, I highly recommend doing it the other way around!

Re: PNC is rejecting multiple BBVA CC payments

Anonymous — Fri, 26 Nov 2021 23:11:15 GMT

@SoCalGardener wrote:
@Anonymous wrote:
My checking account and two credit cards with BBVA are now at PNC.

I tried to make payments on the PNC site. It accepts a payment lets say on a Monday. Then if you try to make a payment the next day on a Tuesday you get an error message that a payment was recently made. So I waited until the next day, Wednesday and tried again and this time it was accepted.

On the BBVA cards you can not make payments at PNC the following day of your last payment. You have to skip a day in between. I do not have this issue on my old PNC cards just on the BBVA cards. I would prefer to be able to make payments as I seem fit and not be blocked out from paying them.

Is there a reason you don't just push your payments through via a checking account? In other words, skip the card's payment options altogether, and use your bank's bill pay to make your payments. This is how I pay all of my bills, and most of the major banks, like Amex and Citi and Discover, credit my payment the very same day I make them via my BofA account. Of course, some have a little lag time, but these days that's very minimal, like a day or two at most. Unless there's a compelling reason to use the card's payment options, I highly recommend doing it the other way around!

Ah, like doing the payments from my banks bill pay service. I wonder if PNC will allow me to do that from my PNC checking account or will I have to use my main WF account?

Thanks

Mark

Re: PNC is rejecting multiple BBVA CC payments

SoCalGardener — Fri, 26 Nov 2021 23:15:59 GMT

@Anonymous wrote:
@SoCalGardener wrote:
@Anonymous wrote:
My checking account and two credit cards with BBVA are now at PNC.

I tried to make payments on the PNC site. It accepts a payment lets say on a Monday. Then if you try to make a payment the next day on a Tuesday you get an error message that a payment was recently made. So I waited until the next day, Wednesday and tried again and this time it was accepted.

On the BBVA cards you can not make payments at PNC the following day of your last payment. You have to skip a day in between. I do not have this issue on my old PNC cards just on the BBVA cards. I would prefer to be able to make payments as I seem fit and not be blocked out from paying them.

Is there a reason you don't just push your payments through via a checking account? In other words, skip the card's payment options altogether, and use your bank's bill pay to make your payments. This is how I pay all of my bills, and most of the major banks, like Amex and Citi and Discover, credit my payment the very same day I make them via my BofA account. Of course, some have a little lag time, but these days that's very minimal, like a day or two at most. Unless there's a compelling reason to use the card's payment options, I highly recommend doing it the other way around!
Ah, like doing the payments from my banks bill pay service. I wonder if PNC will allow me to do that from my PNC checking account or will I have to use my main WF account?

Right! That way you're in control of how/when/where/how much or how often you pay. I've seen a lot of posts about CCs not allowing multiple payments through their own payment service, but never anything about rejecting multiple payments made through another source, like your bank's bill pay. I'm not in the multiple-payments-per-month club, but if I were, I don't *think* there would be any issues with any of my accounts accepting multiple BofA payments.

Re: PNC is rejecting multiple BBVA CC payments

Anonymous — Fri, 26 Nov 2021 23:24:51 GMT

@SoCalGardener wrote:
@Anonymous wrote:
@SoCalGardener wrote:
@Anonymous wrote:
My checking account and two credit cards with BBVA are now at PNC.

I tried to make payments on the PNC site. It accepts a payment lets say on a Monday. Then if you try to make a payment the next day on a Tuesday you get an error message that a payment was recently made. So I waited until the next day, Wednesday and tried again and this time it was accepted.

On the BBVA cards you can not make payments at PNC the following day of your last payment. You have to skip a day in between. I do not have this issue on my old PNC cards just on the BBVA cards. I would prefer to be able to make payments as I seem fit and not be blocked out from paying them.

Is there a reason you don't just push your payments through via a checking account? In other words, skip the card's payment options altogether, and use your bank's bill pay to make your payments. This is how I pay all of my bills, and most of the major banks, like Amex and Citi and Discover, credit my payment the very same day I make them via my BofA account. Of course, some have a little lag time, but these days that's very minimal, like a day or two at most. Unless there's a compelling reason to use the card's payment options, I highly recommend doing it the other way around!
Ah, like doing the payments from my banks bill pay service. I wonder if PNC will allow me to do that from my PNC checking account or will I have to use my main WF account?

Right! That way you're in control of how/when/where/how much or how often you pay. I've seen a lot of posts about CCs not allowing multiple payments through their own payment service, but never anything about rejecting multiple payments made through another source, like your bank's bill pay. I'm not in the multiple-payments-per-month club, but if I were, I don't *think* there would be any issues with any of my accounts accepting multiple BofA payments.

WOW ok thanks. I never thought of doing that. I pay all my cards daily. The day a pending transaction converts to a posted one I pay it that same day. I do not like to owe cards any money. I do have to have 2% utilization report each month though to avoid a hit on my scores if it goes any lower. I hate having it show up on my reports that I have a balance but if you don't owe out money you are not considered favorable by FICO scoring system. The higher my available credit goes each month makes it so I have to have more and more report. This is another reason that I want to be in the garden. Live and learn

Thanks

Mark

Re: PNC is rejecting multiple BBVA CC payments

SoCalGardener — Fri, 26 Nov 2021 23:50:45 GMT

@Anonymous wrote:
@SoCalGardener wrote:
Right! That way you're in control of how/when/where/how much or how often you pay. I've seen a lot of posts about CCs not allowing multiple payments through their own payment service, but never anything about rejecting multiple payments made through another source, like your bank's bill pay. I'm not in the multiple-payments-per-month club, but if I were, I don't *think* there would be any issues with any of my accounts accepting multiple BofA payments.
WOW ok thanks. I never thought of doing that. I pay all my cards daily. The day a pending transaction converts to a posted one I pay it that same day. I do not like to owe cards any money. I do have to have 2% utilization report each month though to avoid a hit on my scores if it goes any lower. I hate having it show up on my reports that I have a balance but if you don't owe out money you are not considered favorable by FICO scoring system. The higher my available credit goes each month makes it so I have to have more and more report. This is another reason that I want to be in the garden. Live and learn
Thanks
Mark

You're welcome!

As for 'live and learn,' absolutely! I learn something new every day, or at least it seems like that. I know I learn a lot just hanging around this forum--and after a zillion years of having credit, it's surprising to find out how much I DON'T know!