WF: Available credit refresh rate?

[Nomad3]

I'm still kind of new, just curious about the refresh rate of available credit.

Cap1 platinum(MC) refreshes as soon as ACH shows cleared on both sides.
Day 1 post ACH
end of Day 1 bank clears
End of Day 1or2 cap1 refresh

Disco it miles refreshed as soon as bank showed cleared.
Day 1 post ACH
End of Day 1 bank clears
End of Day 1 disco refresh

WF Propel(Amex) refreshes 1week after clears
Day 1 post ACH
End of Day 1 bank clears
End of Day 2 WF shows cleared
End of Day 7or8 WF refresh

Is this normal for WF? Or is it just on new accounts? ( I technically haven't cut my first statement yet lol )

I only ask because I'm cycling my limits because my normal spend is higher than the weak limit they gave me and I want rewards for everything I do lol

I'm also interested in this information for Chase/Amex cards, as those are in my future plans, if anyone can weigh in on those as well

[Andypanda]

with me the available credit refreshes as soon as the payment clears in the 1-2 business days. Tge only thing is with me tge money tompay the account comes from a wf checking account.

[flyingmd]

With my Propel, it refreshes immediately if I make payment from WF account. If I make payment from outside bank, it refreshes after midnight. So clearly it is something with your account/relationship. Have you ever had a payment on that account not clear?

[UncleB]

When I pay my Propel from my WF checking account the credit is available immediately.  When I push a payment from USAA (using USAA's bill pay) the credit line is restored as soon as WF receives the payment.

If you're letting WF pull your payment consider pushing using your bank's bill pay instead to speed things up.  Even if the ACH push takes two or three days that's still faster availability than you're seeing now. 

I used to have a similar issue when I would make a payment on my HSBC card from the HSBC website... there would nearly always be a hold.  Pushing the payment worked much better.

[Nomad3]

I don't have any negative history with WF. I have 1x 30d late on an auto that is 6y10m old. All of my payments clear.

Bank shows cleared. WF shows cleared and posted. Available credit then takes ~7 days after WF said it was posted before it refreshes.

The only thing I can think explains it is brand new account(haven't cut first statement), and ACH from a bank that's not WF

@UncleB that's really strange that pushing it didn't have a hold when it's essentially the same thing, I'll have to try that and see what happens

[flyingmd]

If the account is still less than 30days old that might be the reason. In which case, should change after the acct is a couple months old. Other than that, I would talk to a banker at a branch and find out why. Does not seem normal and says that there is something about your payments WF doesnt trust. Good luck.

[Anonymous]

I had the card a year and ran up a balance of around 11,600. I I PIF and the payment cleared within a few days. My CL was $12K. My available credit was around 1,300 for about 2 weeks.

This was most likely due to the size of the payment. A stop payment can occur within 2 weeks, and that's why I believe my available credit stayed around 1300, they were protecting against a payment that didn't clear 100%. A payment isn't clear safe for about 2 weeks after making it.

[UncleB]

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@Nomad3 wrote:

@UncleB that's really strange that pushing it didn't have a hold when it's essentially the same thing, I'll have to try that and see what happens

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From the creditor's point of view there's an important distinction... it's easier to reverse/contest a pull transaction than a push transaction. 

Even 'back in the day' when I was dealing with sub-sub-prime lenders and a $300 credit line I never had a hold issue as long as I pushed the payment. I can't guarantee you'll have the same experience with WF, of course, but IMO it's worth a try.

[UncleB]

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@flyingmd wrote:
If the account is still less than 30days old that might be the reason. In which case, should change after the acct is a couple months old. Other than that, I would talk to a banker at a branch and find out why. Does not seem normal and says that there is something about your payments WF doesnt trust. Good luck.

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FWIW, the folks at WF branches can't help with credit card issues.  All they can do is take card applications, take payments, and link accounts for OD protection.  For anything else they'll "helpfully" dial the phone and hand it to you so you can speak directly to someone who can (hopefully) do something.

It might as well be a different bank.