My overall impression and experience with my several Synchrony cards is that they are famously s-l-o-w. I even changed one monthly bill I was charging to a Synchrony card as it always reported a balance because of the time taken to post payments. If it doesn't matter, don't worry about it. It mattered to me so I changed it. I am very cautious with my Synchrony accounts because as many of you know they can get weird.
@HeavenOhio wrote:When I had CareCredit (from Synchrony), their policy was to put a hold on payments over $500. At one point, I made a payment somewhere over $1,000. They told me that had I split it into several smaller payments, I wouldn't have had the hold. Of course, policies could be different from card to card. It wouldn't hurt to call and ask. They may be able to tell you.
Just to offer a comparison, Wells Fargo was the opposite. They didn't hold a large payment, but they held second and subsequent payments during a statement period. What was frustrating was that their policies prohibited them from telling me how to avoid the floats. The rep was cool, though. As our conversation continued, I got the gist of what was going on. The bottom line was that if I paid in cash at a branch, payments wouldn't be held.
This behavior is near the top of the list of things that credit cards can do to annoy me. I ended up closing both accounts, and the floats were a big reason why.
Good riddance I say. Scandals aside, Wells Fargo offers absolutely nothing of value either in terms of banking or credit.
Similar to others here, my available credit takes a day or two max and payment takes no more than 3 days, so far. I have the PayPal MasterCard (got it mid/late Dec '18) and have only made 2 payments. After I applied and got approved, I read horror stories about this card provider regarding slow payments and early CRA reporting, so I tested them out with a couple of small online purchases over several days.
Last month, they issued my first report to all the CRAs on the 24th (a day before or after I actually got the card in the mail, I can't remember but it was pretty immediate) so I'm waiting to see if they post today for January. I'm tempted to use this card because of the 2% rewards but they gave me a comparatively low SL and I am fearful when I don't know if they'll keep a consistent CRA reporting date. Big strikes against this cards, but the plan is to use it sparingly until next year. Hopefully by then I'll get a decent CLI and a better understanding of their practices based on my own experience.
