topic Re: Amazon and Lowes closed to return payment!!! in Credit Cards

Amazon and Lowes closed to return payment!!!

Anonymous — Tue, 07 Aug 2012 03:13:32 GMT

Unbelievable that Amazon increase from $900 to $2100 and Lowes increase from $2500 to $3800 and they just closed my account today because I have return payment twice for inssufficant fund, man being a loyal consumer for almost 2yr with a perfect payment and closed my account just return check twice!! so who ever got GE Capital retain card make sure u have fund in your account .. if your check return 2 time they will automatic closed your account even thou you reposted the payment with fund in your account..

Re: Amazon and Lowes closed to return payment!!!

Anonymous — Tue, 07 Aug 2012 03:21:43 GMT

was it 2x in a row?

Re: Amazon and Lowes closed to return payment!!!

Anonymous — Tue, 07 Aug 2012 03:25:58 GMT

nope .. 1st was in june and 2nd is for august payment... if i know they going to closed my account because of that i rather be late on payment ..

Re: Amazon and Lowes closed to return payment!!!

Middleswarth — Tue, 07 Aug 2012 03:28:54 GMT

@Anonymous wrote:
nope .. 1st was in june and 2nd is for august payment... if i know they going to closed my account because of that i rather be late on payment ..

Seriously? You bounced 2 checks in 3 months and you are wondering why they closed your account?

Re: Amazon and Lowes closed to return payment!!!

trumpet-205 — Tue, 07 Aug 2012 03:29:03 GMT

@Anonymous wrote:
nope .. 1st was in june and 2nd is for august payment... if i know they going to closed my account because of that i rather be late on payment ..

Umm... You are lucky that GE just closed accounts. Many CC charges returned check fee should it happens. Returned check is just as bad as missing a payment.

Re: Amazon and Lowes closed to return payment!!!

MarcinXP — Tue, 07 Aug 2012 03:35:35 GMT

@Anonymous wrote:
Unbelievable that Amazon increase from $900 to $2100 and Lowes increase from $2500 to $3800 and they just closed my account today because I have return payment twice for inssufficant fund, man being a loyal consumer for almost 2yr with a perfect payment and closed my account just return check twice!! so who ever got GE Capital retain card make sure u have fund in your account .. if your check return 2 time they will automatic closed your account even thou you reposted the payment with fund in your account..

I hate to be nitpicky..but highlighted sentence does not make sense. You can't have a perfect payment history if you have returned payments twice.

From GE's side they see you as a risk. Twice now in last 3 months you bounced a check which to them signals that you have very low funds in your bank or are irresponsible and cannot maintain a checking account. They are trying to secure themselves and closed your account so you don't buy things and perhaps default. They treated you well and increased your limits when you were low risk, now that you appear high risk they took adverse action.

Banks tend to do that when things happen, just as a cable company will quickly disconnect your cable for a bounced check. Like other poster said, just be glad they did not charge your returned check fees or did they?

Re: Amazon and Lowes closed to return payment!!!

trumpet-205 — Tue, 07 Aug 2012 03:38:52 GMT

@MarcinXP wrote:

Banks tend to do that when things happen, just as a cable company will quickly disconnect your cable for a bounced check. Like other poster said, just be glad they did not charge your returned check fees or did they?

I once bounced a payment (not because of NSF, but because of mistyped account number) on my JCPenny card, GE did not charge a returned payment fee.

Re: Amazon and Lowes closed to return payment!!!

MarcinXP — Tue, 07 Aug 2012 03:45:11 GMT

@trumpet-205 wrote:
@MarcinXP wrote:

Banks tend to do that when things happen, just as a cable company will quickly disconnect your cable for a bounced check. Like other poster said, just be glad they did not charge your returned check fees or did they?
I once bounced a payment (not because of NSF, but because of mistyped account number) on my JCPenny card, GE did not charge a returned payment fee.

It's probably "code" driven in their system. Just like my company if there is a return check/e payment there is a code generated to show why it was returned it goes from 01-05. 01 is because of no funds and that is the only one that will trigger a charge. Rest of them are bank errors, wrong account/routing, system failure and they are non chargeable.

Re: Amazon and Lowes closed to return payment!!!

OnTheRebound — Tue, 07 Aug 2012 04:13:31 GMT

@Anonymous wrote:
Unbelievable that Amazon increase from $900 to $2100 and Lowes increase from $2500 to $3800 and they just closed my account today because I have return payment twice for inssufficant fund, man being a loyal consumer for almost 2yr with a perfect payment and closed my account just return check twice!! so who ever got GE Capital retain card make sure u have fund in your account .. if your check return 2 time they will automatic closed your account even thou you reposted the payment with fund in your account..

You almost make it sound like a trivial matter to bounce a check. Not once but twice in a short period. How would you like it if your paycheck bounced? You would be PO'd right?

In a business relationship, bouncing a check is among the worst things you can do. It will sour a relationship real quick.

Good idea.

Re: Amazon and Lowes closed to return payment!!!

Anonymous — Tue, 07 Aug 2012 05:04:02 GMT

You're surprised at this?

That's like saying you've been an upstanding, law-abiding citizen for the past 30 years, but a few weeks ago you robbed a bank and now the cops arrested you.

Like everyone else said, a bounced check isn't really a minor detail that GE should ignore.

Re: Amazon and Lowes closed to return payment!!!

Brian_Trying_700 — Tue, 07 Aug 2012 05:09:37 GMT

Seriously? You bounced 2 checks in 3 months and you are wondering why they closed your account? That what I call money management.

Re: Amazon and Lowes closed to return payment!!!

j_casteel — Tue, 07 Aug 2012 05:13:50 GMT

@Middleswarth wrote:
@Anonymous wrote:
nope .. 1st was in june and 2nd is for august payment... if i know they going to closed my account because of that i rather be late on payment ..
Seriously? You bounced 2 checks in 3 months and you are wondering why they closed your account?

My thoughts exactly.

Re: Amazon and Lowes closed to return payment!!!

Anonymous — Tue, 07 Aug 2012 05:28:35 GMT

Banks are being very skiddish especially in this economy.

Re: Amazon and Lowes closed to return payment!!!

LS2982 — Tue, 07 Aug 2012 10:16:11 GMT

@MarcinXP wrote:
@Anonymous wrote:
Unbelievable that Amazon increase from $900 to $2100 and Lowes increase from $2500 to $3800 and they just closed my account today because I have return payment twice for inssufficant fund, man being a loyal consumer for almost 2yr with a perfect payment and closed my account just return check twice!! so who ever got GE Capital retain card make sure u have fund in your account .. if your check return 2 time they will automatic closed your account even thou you reposted the payment with fund in your account..
I hate to be nitpicky..but highlighted sentence does not make sense. You can't have a perfect payment history if you have returned payments twice.
From GE's side they see you as a risk. Twice now in last 3 months you bounced a check which to them signals that you have very low funds in your bank or are irresponsible and cannot maintain a checking account. They are trying to secure themselves and closed your account so you don't buy things and perhaps default. They treated you well and increased your limits when you were low risk, now that you appear high risk they took adverse action.

Banks tend to do that when things happen, just as a cable company will quickly disconnect your cable for a bounced check. Like other poster said, just be glad they did not charge your returned check fees or did they?

I agree, Why did you bounce 2 checks? How did that happen?

Re: Amazon and Lowes closed to return payment!!!

Repo-ed — Tue, 07 Aug 2012 11:34:35 GMT

Is this tannerK posting under a new handle, to try and get a laugh out of us?

2 checks - bounced - and we are in shock?

Now THAT'S funny

Re: Amazon and Lowes closed to return payment!!!

webhopper — Tue, 07 Aug 2012 11:52:43 GMT

Yes omg you can't bounce checks to your cc companies. That is bad. I did this once with chase, because of a mistyped account number. They shut my account down, I had to recon and explain how I typed a digit wrong from iphone. You should definately not bounce payments

Re: Amazon and Lowes closed to return payment!!!

jsucool76 — Tue, 07 Aug 2012 12:09:15 GMT

@webhopper wrote:
Yes omg you can't bounce checks to your cc companies. That is bad. I did this once with chase, because of a mistyped account number. They shut my account down, I had to recon and explain how I typed a digit wrong from iphone. You should definately not bounce payments

You shouldn't bounce checks ever, haha.

I could totally understand OP being upset if the return payments were due to bank error (mistyping account or routing number) but if you're just stiffing them on payments it's your own fault.

Re: Amazon and Lowes closed to return payment!!!

Anonymous — Tue, 07 Aug 2012 12:30:48 GMT

Cmon every single one of us would be mad if something like this ever happens but bouncing payments is something.

Re: Amazon and Lowes closed to return payment!!!

j_casteel — Tue, 07 Aug 2012 13:14:53 GMT

@Anonymous wrote:
Cmon every single one of us would be mad if something like this ever happens but bouncing payments is something.

yeah, mad at myself.

Re: Amazon and Lowes closed to return payment!!!

webhopper — Tue, 07 Aug 2012 13:14:54 GMT

Well ya I would be mad at a company who closed my account, but if I had been bouncing payments I would understand why they closed my account. I was upset when chase closed my account... But I'm glad they reopened it when they realized it was a typo