I've had this card now for 5 statements, and I've paid in full all 5 statements (statement closed yesterday) that I've had this card. I made a payment of 1,180 on 5/29, and they are still holding the my payment until 6/15 (I called this morning to confirm) and would not release it. The reason they gave me was because my account hasn't been open for 6 months or more. That is ridiculous to hold a payment for 17 days!
Each lender has their own strange payment verification rules but in each case I've had held payments, they have at least credited the account. It can take them a while to release the credit though,
I have had Citi fail to release my credit for 30 days in the past because they deemed it a large payment. It really screwed me over with trying to pay for a trip to Italy.
NFCU will hold back your credit if you make more than two payments in a statement cycle.
@FicoMike0 wrote:Looks to me like they credited your payment and you have zero balance. What am I missing?
They didn't restore my limit. I only have a 1,500 limit for this card, so I only had 320 dollars available for 16 days. I use this card heavily due to the 3% Cashback.
@crystal626 wrote:
@FicoMike0 wrote:Looks to me like they credited your payment and you have zero balance. What am I missing?
They didn't restore the available credit would be my guess based on past complaints and my own experience with them randomly doing this.
Correct!
Wow, that's insane 30 days!