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I'm new to this comunity, and fairly new to this game and I've got a question about my recently aquired CSP card. I made some larger purchases when I first got the card and then made a payment on it roughly a week after recieving the card and the payment has been recieved and noted, but my available credit hasn't rebounded and still reflects the purchases that I made.
Does Chase not credit mid-cycle payments? Its been about a week since the payment was recieved so I would think that would be ample processing time. Thank you everyone for your input and I look forward to learning a lot from this comunity.
If the payment is posted (rather than just pending), it counts. Chase probably hasn't released your available credit due to the large purchases and large payment on a new card. It's not unusual for card companies to do this, but we don't hear about Chase doing it often. As your account ages a bit, I think this will stop.
+1 it's likely due to the account and the link to the bank account being new. I often make mid-cycle payments on my Freedom or CSR if I've only made small purchases, especially immediately after a large payment has been made for the prior month, to force them to automatically report the account balance as $0 to the credit bureaus.