Credit card question

[ppcock]

I am probably going to be jumped on.

but there wont be any drama.
I recently acquired my first CC
I just made a purchase for a dive computer.
After my shop gave me the exact price. I went to online banking and paid for it.
When i go to my visa account..
it has my limit of 500
then it has credit
and avail

What do these mean? I just paid off my visa fully and it says i have credit of something very minimal and my avail is like $30.00

I've used the card maybe 4 times. for purchases under $30.00

[ppcock]

oh and to be honest.. i've paid for everything 2 hours after i've used the card (im severly scared about not paying off this card)

[Pussy*Kat]

The credit has to clear through Visa before it will show up as a payment and adjust your limit.

Payments usually take 3 - 5 business days to post on your card.

[ppcock]

so.. it wont magically get lost this huge ass payment i just made?

(fear not, i was smrt and saved the confirm code)

[Pussy*Kat]

Does it show up in the credit field when you look at your online statement? That means it has been recieved and has yet to process

[SEAN!]

Originally Posted by ppcock

I am probably going to be jumped on.

but there wont be any drama.
I recently acquired my first CC
I just made a purchase for a dive computer.
After my shop gave me the exact price. I went to online banking and paid for it.
When i go to my visa account..
it has my limit of 500
then it has credit
and avail

What do these mean? I just paid off my visa fully and it says i have credit of something very minimal and my avail is like $30.00

I've used the card maybe 4 times. for purchases under $30.00

it takes a few days for CC transctions to be processed

[ppcock]

yes, yes it did.

[Pussy*Kat]

SEAN! why the fuck would you give me bad karma for that when you said the exact same thing?

[SEAN!]

Originally Posted by Pussy*Kat

SEAN! why the fuck would you give me bad karma for that when you said the exact same thing?

i did it by accident, i havent gotten used to the mousepd on my laptop

[ppcock]

you can delete it then everyone can be happy.

[Pussy*Kat]

then I apoloize for my retaliation karma


much luv <3 !

[lildonkey]

karma fighttt!!!!

snnnnappppppppp

[wishbone]

Your current credit available: this includes posted purchases AND purchases authorized by stores but not yet posted.

For example, when you go to a gas station and swipe your card, it may say maximum $100 fill up. At this point your card is authorized for $100, and a $100 chunk is 'blocked off' from your credit limit. A few days later, your transaction will be posted to your balance. If it was only $30, then magically $70 will be re-added to your available credit as it is no longer tied to the gas station.

This is why originally you may wonder why your balance and available credit don't add up to your limit...sometimes stores are still holding on to your credit. I don't know what the rules are, but some places seem to block off credit for longer than they should.

edit:
I really thought the content of this thread was going to be "what's your number and DOB?"

[Erin]

Originally Posted by Pussy*Kat

SEAN! why the fuck would you give me bad karma for that when you said the exact same thing?

I gave you good karma to fix it.

[brit]

I gave you bad karma for the hell of it

[Erin]

Right back at ya! :)

[yoko*]

If you want to get a better idea of what your true "balance" is, the more accurate measure is to look at your available credit.

When a purchase is made, it generally affects the available credit faster than it changes the posted balance, so to get the most recent balance including any outstanding authorizations to your visa (such as the balance which also includes the most recent purchases that you did onto your visa that are not included in the transaction list on your online banking) look at your available credit and calculate the difference between your credit limit and your available credit. The difference will constitute your total balance including most recent purchases which stand in authorization/pending status.

In other words, don't spend your money based on the balance that you see on online banking because that may not be your most up-to-date balance. Instead, shop according to your available credit to avoid going over your limit.

There is a difference between transactions in authorization and transactions that are posted. If you make a purchase right now this minute, the transaction will stand in "authorization" status for a couple days before it fully posts to your account. Posting kind of means "officialized". When it's posted, you'll see that amount on your online banking.

Transactions in authorizations however, are not by any means official. If you for example did a hotel booking, or paid at the pump at a gas station, the merchant will put a temporary hold on a certain portion of your available credit, but that amount may be adjusted to the correct amount once you check out or the merchant information is submitted in full.

As for payments, if you're paying your visa account with a certain financial institution directly as a funds transfer from your bank account with the same financial institution, it will update your available credit immediately but may still take approximately 2 business days to post. If the payment is coming from another bank, then the payment will take longer to post/process.

[brit]

Originally Posted by Erin

Right back at ya! :)

aha sucker its not my account ;)

[Erin]

Why are you using it then?

[brit]

dont have the pw for mine, dont care to create another

[Erin]

How do you forget a password? Do you and Jer share one? Just use that. And what about your personal one?

[brit]

Personal one, changed it, forgot it. Haven't used the email its linked to since 2002. Not that into fnk.

Any other questions?

[Erin]

Hahahaha. Yeah, when are we drinking this beer we've been talking about forever now?