PNC is rejecting multiple BBVA CC payments

Anonymous · ‎10-18-2021

My checking account and two credit cards with BBVA are now at PNC.

I tried to make payments on the PNC site. It accepts a payment lets say on a Monday. Then if you try to make a payment the next day on a Tuesday you get an error message that a payment was recently made. So I waited until the next day, Wednesday and tried again and this time it was accepted.

On the BBVA cards you can not make payments at PNC the following day of your last payment. You have to skip a day in between. I do not have this issue on my old PNC cards just on the BBVA cards. I would prefer to be able to make payments as I seem fit and not be blocked out from paying them.

Thanks

Mark

JNA1 · ‎10-18-2021

This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.

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chiefone4u · ‎10-19-2021

@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.

It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.

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Anonymous · ‎10-19-2021

@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.

Well I am not so sure. Take Citi Bank for example. When I make a payment there it shows my exact balance that I have to the penny in my Wells Fargo checking account. So on the review page before submit you see and Citi sees exactly how much you have on deposit in your funding account. So they instantly give you back avilable credit to your credit card the moment you press submit. Most major banks give you back available credit instantly as they can see where they are pulling the money from. Capital One, Suntrust and many others all do the same thing so there is no risk. These lenders also let you make as many payments in a single day as you want. I have made up to three payments in a single day at Capital One. The payments go into processing very quicly so they can not be eddited all you can do is make additional payments and there is never any issue.

Thanks

Mark

CreditInspired · ‎10-19-2021

@Anonymous wrote:
@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.
Well I am not so sure. Take Citi Bank for example. When I make a payment there it shows my exact balance that I have to the penny in my Wells Fargo checking account. So on the review page before submit you see and Citi sees exactly how much you have on deposit in your funding account. So they instantly give you back avilable credit to your credit card the moment you press submit. Most major banks give you back available credit instantly as they can see where they are pulling the money from. Capital One, Suntrust and many others all do the same thing so there is no risk. These lenders also let you make as many payments in a single day as you want. I have made up to three payments in a single day at Capital One. The payments go into processing very quicly so they can not be eddited all you can do is make additional payments and there is never any issue.
Thanks
Mark

Just because I'm nosy and don't understand--why would anyone need to make 3 payments in a single day?

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Anonymous · ‎10-19-2021

@CreditInspired wrote:
@Anonymous wrote:
@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.
Well I am not so sure. Take Citi Bank for example. When I make a payment there it shows my exact balance that I have to the penny in my Wells Fargo checking account. So on the review page before submit you see and Citi sees exactly how much you have on deposit in your funding account. So they instantly give you back avilable credit to your credit card the moment you press submit. Most major banks give you back available credit instantly as they can see where they are pulling the money from. Capital One, Suntrust and many others all do the same thing so there is no risk. These lenders also let you make as many payments in a single day as you want. I have made up to three payments in a single day at Capital One. The payments go into processing very quicly so they can not be eddited all you can do is make additional payments and there is never any issue.
Thanks
Mark
Just because I'm nosy and don't understand--why would anyone need to make 3 payments in a single day?

Take one of my Capital One cards, it has a $30,000 CL yet I want to use that card to pay $40,000 in real estate taxes, so I cant use the card to pay them all since not enough CL. My accountant wants me to pay for each parcel seperate and match a CC payment to it. Since I own quite a few rental houses I am always using my cards on a daily basis. I am not out buying shoes. LOL. But I can use other cards I have as well. It all depends on statement cut off dates and what I want reported to the three credit companies.

Thanks

Mark

Wavester64 · ‎10-19-2021

@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.

@Anonymous I remember WF Propel doing this when I first got the card and had heavy use on it to make the sub.

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JNA1 · ‎10-19-2021

@chiefone4u wrote:
@JNA1 wrote:
This sounds like Discover. They do the same thing. It is annoying, and totally doesn't make sense why a lender would do it.
It's an attempt to minimize risk... if you were allowed to make multiple payments same or next day, you could potentially max out your card, make a payment... max out card, make a payment and max it out again before the first payment is rejected by the financial institution the payment is being pulled from... leaving the credit card lender holding the bag for 2 or more times your credit limit.

Unfortunately a few bad apples can ruin things for the masses.

Thanks for that explaination! I guess my mind doesn't work that way, because I couldn't think of any reason why a FI wouldn't want to take a payment.

Our credit card journey started 3/2018

Hover over cards to see limits and usage. Total CL - $608,600. Cash Back and SUBs earned as of 5/31/24- $21,590.43
CU Memberships

Goal Cards:

CreditCuriosity · ‎10-19-2021

This doesn't happen to me on my PNC cards that were no converted to PNC.. I have made a payment one day and also on a next. Could just be on converted cards from BBVA as have one of those, but no plan on really using the Points card since so subpar

Anonymous · ‎10-19-2021

@CreditCuriosity wrote:
This doesn't happen to me on my PNC cards that were no converted to PNC.. I have made a payment one day and also on a next. Could just be on converted cards from BBVA as have one of those, but no plan on really using the Points card since so subpar

The same with me, my PNC issued cards I can make daily payments. The BBVA ones that they took over I can not. I have to skip a day.

Thanks

Mark