If there's one thing cap1 doesn't forgive, it's a bounced payment. People have had their accounts shut down for one, but it seems 2 is the normal trigger. Don't know if they would have to be on the same card or across all of the accounts. I kind of remember reading it happening to someone across multiple cards.
@GApeachy wrote:@Brian_Earl_Spilner Do you think they are waiting for the last pymt to clear before closing them?
Usually AA happens immediately. In the case of the first card, it looks like it's restricted. The app would say it. They could also be waiting until they know the payment has cleared before releasing available credit. Cap1 isn't shy about closing an account immediately, but who knows. I'd say it's still 50/50 right now.
@GApeachy wrote:@Remedios thanks for responding. As it stands now card #1 is paid off reflecting 0 balance and the credit limit is intact; however, the available credit is a fraction of the cl. Card #2 pymt. is processing through their bank now and the available is reflecting correctly and the cl is still intact. So when the pymt clears and if CapOne decides to close one or both accts. maybe it won't be so bad having the balances pd. down to $0. I think that was generous of CapOne if that's the case. Do you agree? Would there be any negative notation if closed by guarantor but with a zero balance(s)?
@Brian_Earl_Spilner they checked the app and it still shows both cards open and even has a message to unlock the card for immediate use on Card #2. Where would the "restricted" have been? Across the homepage?
In the app, under the card name. Years ago it happened to me. Was unable to make my payment for a few months because of life. They restricted the account. I asked them to close it when I paid it off and they were nice enough to remove all the derogatories due to the situation. Didn't even have to write a goodwill letter, just asked over the phone.