@Anonymous wrote:
There's no pending charges. I paid it on Saturday so I could understand if it was still showing as pending but it's not. It says I have a 0 balance. It shows the payment as posted but then it says $58 available credit.
So weird! If it's not updated tomorrow, I guess I'll call. I was just curious if this is how they generally operate and I'm missing something.
If you call them the CSR should be able to give you an exact reason, but from my own experience it's not unheard of. Years ago when I had a 'toy' limit on my QS1 when I first started making multiple payments during a cycle (which I did frequently) they would put a hold on my account, but they eventually stopped. Now when my payments post the available credit is available immediately. (If you want to be really technical, when the payment post in the middle of the night it's usually a couple of hours before the available credit is updated, but most folks wouldn't notice this.)
As a data point, the couple of times this did happen to me it was always when I allowed Capital One to do an ACH 'pull' from my checking account. When I used my bank's bill pay to do an ACH 'push' there was never a hold. This might be because it's generally trivial to have an ACH 'pull' reversed, and generally more difficult to get a bank to reverse a bill pay 'push' for fraud. As with many things credit related, YMMV.
It's a PITA, but the lenders have to protect themselves from what is referred to as a "bust-out". It's when folks make multiple payments, then use the newly available credit for additional purchses before the payment bounces (or is reversed), resulting in a multiplied loss.
