Chase Returned Payment

[Harvey26]

So my mother made a payment out of dormant PNC account on accident. And the payment was returned. PNC says they are returning it as insufficent funds. and I spoke with Chase and they stated she will get charged a payment return fee. I just want to make sure they will not drop her credit line or anything like that. This is her only major credit card that she uses and it has a 25K limit. 

[Anonymous]

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@Harvey26 wrote:

So my mother made a payment out of dormant PNC account on accident. And the payment was returned. PNC says they are returning it as insufficent funds. and I spoke with Chase and they stated she will get charged a payment return fee. I just want to make sure they will not drop her credit line or anything like that. This is her only major credit card that she uses and it has a 25K limit. 

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Hard to say what action, if any that they will take.  Because it's a one time 'offense' and if she had the card for awhile, they probably won't take any action.  Nonetheless, creditors view returned payments, whatever the reason, as a very bad thing so your mo would be far better to do auto payments and only set up active accounts as payment sources so that it doesn't happen again.  Returned payments can be viewed as even worse than a late payment.

[Gmood1]

Tell her to watch the APR. It is likely to go to max. Chase did me that way nearly 10 yrs ago. The payment never reported late but the APR went sky high.
Amex just did me like this on a returned payment. Rate went to 30% temporarily and they charged a fee, but credited the fee back a few days later. Still stuck with the high rate till the promotion ends. Then it goes back to 12%. As long as the bill is PIF, none of that really matters.

Difference is Amex will reduce the rate. Chase never did, it stayed at 29.99% till I closed the card.