Say you have a $1000 credit limit on your cc and the rental car company
puts a 1000 dollar hold on your card to pay for future charges.
If they had billed you for real, you could pay off the 1000 and have
1000 credit again. But can you pay off a hold?
The 3 CC companies I dealt with had 3 different rules. One would not
let me pay online if the bill, a real bill not a hold, had not shown up
on the webpage yet. The second let me put in the payment when the
charge was in the pending area, and as soon as it was no longer merely
pending, it let my payment go through. And the third was different
somehow but I still coudl not pay in advance. But what if the bill was
just a hold, by a rental car company or anyone else who uses large
Only way is to make a payment hand have a credit balance. If that works
it should sold the problem. Other way is to get a credit increase.
That should be fairly simple.
Never ran into the problem as my lowest limit card is $10,000
In ye olde daize I had (for the sake of discussion here), a $1,000
credit limit. (This is back when that was a lot of money).
I anticipated buying some large purchases totalling $1,500.
So I prepaid an extra $1,000 into my account, thinking
this would let me charge up to $2,000.
Bzzzzzt. The company would still only approve $1,000.
NOTE: this was Way Bck. Current procedures may be different.
Check with your company first, etc., etc.
Knowledge may be power, but communications is the key
In alt.home.repair, on Tue, 25 Jun 2019 04:26:03 +0000 (UTC), danny
Very interesting. You mailed them a check, or used their webpage?
I had an $8000 bill coming up that I wanted to charge for the sake of
the points, but no card that went up to 8000. I called each of my 3 cc
companies and asked if I could do what you tried and they all said no.
I tried anyhow, thinking a programming error might let me do it. One
wouldn't let me pay any more than my balance, which was zero. Another
did let me pay, but I guess called it pending, to match a charge from
that day that was also in the "pending" category. A couple days later,
I got two emails very close togehter, one about the charge they had
charged me and one acknowledging the payment. As nice as that is, it
wouldn't help the guy I was trying to help. The third was slightly
different from the other two but I forget how.
This guy is in the UK, so that is encouraging. I suggested he ask his
cc company if he could do that.
I wonder why US banks won't allow it. I can't see how it hurts anyone
or anything. Indeed, it helps the cc company by allowing one to make
more or bigger charges, on which they take a commission.
I just use my banks "bill pay" system to make advance payments to my credit card. Never had an advance payment declined.
Most Visa/MasterCard banks make pre-pay difficult because they want you to be 1 nanosecond late so they can ding you with a $49 late fee.
I don't know about pre-pay but automatic payment is easy to set up. My
CostCo Citi card is still on the traditional paper billing. It comes at
the end of the month and jogs my memory for anything else I might have
to pay at that time.
With the way prices are now, a limit of $ 1000 is easy to max out. I
often charge around twice that much each month, but pay them off just to
get the 1 to 5 % back on the cards. I seldom use cash because of the
reward points of the cards. Just carry about 5 or 6 cards as it seems
that each one is good for different points depending on what is bought.
That includes a store card or two for the same reason.
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