Capitol One is holding my online payment of $305.43 for 10 days. I've already posted two other $70ish payments since. I guess they are leary of big payments, but I'm sure they have the cash at this point, as it cleared my bank account over a week ago. Anyway, from now on, I'll make under $100.00 payments to avoid the hassle.
it just all depends on how long you have had your account and what the computer deems risky at one time or another. payment holds for 5-15 days is becoming more norm on newer accounts or accounts being paid completely off.
GE is very big about payment holds even on my not so new account (9 months)
Capitol One emailed a response to my question about the hold on the $350:
"After reviewing your account, it appears that a temporary hold in the amount of $305.53 has been placed on your available credit due to account being new or less than 6 months old.
To ensure your payment will clear, we may wait 6-10 calendar days before allowing any additional charges (up to the payment amount) if any of the following occur:
• returned payment(s) in the last 6 months • recent authorizations declined due to exceeding the credit limit • account is delinquent • account is new or less than 6 months old • payment is made by phone"
They didn't hold any of the smaller payments I made, no idea why they held the bigger one, all come from the same bank account.