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Credit Card Balance Question

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Guvnor
Established Member

Credit Card Balance Question

I paid off my Bank of America today and I want to know if I can use it straight away. My limit is $500 and my balance was $490. It shows my balance still as $490 but If I got to transactions it shows my payment processing and a $0 balance.

Matt
FICO (Discover) = 757
Message 1 of 3
2 REPLIES 2
wHiTeSoL
Valued Contributor

Re: Credit Card Balance Question


@Guvnor wrote:
I paid off my Bank of America today and I want to know if I can use it straight away. My limit is $500 and my balance was $490. It shows my balance still as $490 but If I got to transactions it shows my payment processing and a $0 balance.

Matt

I would depend on how long it takes to process, what do you see as the current credit limit available? 

Message 2 of 3
daybreakgonesXe
Valued Contributor

Re: Credit Card Balance Question


@wHiTeSoL wrote:

@Guvnor wrote:
I paid off my Bank of America today and I want to know if I can use it straight away. My limit is $500 and my balance was $490. It shows my balance still as $490 but If I got to transactions it shows my payment processing and a $0 balance.

Matt

I would depend on how long it takes to process, what do you see as the current credit limit available


+1 it does depend. If you available credit reflects $500, then it's okay to spend away, since the actual balance will go down once they confirm the ACH payment. However, if your available credit is still reflecting ~$10, then you won't be able to use it.

Message 3 of 3
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