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  1. #1
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    Default Why is pending transaction amount higher than purchase price?

    Has anyone experienced the following;

    Pending transactions from certain merchants will show an excessive charge, sometimes considerably over the amt of a purchase.
    When the transaction posts as complete, the overage has dropped, and actual purchase amt remains.

    Many thanks in advance for your comments.
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  2. #2
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    This happens often when the merchant check to see you have credit before it knows how much you're going to spend. Gas stations are the prime example of this. It could also happen at a bar where you open a tab, for instance.
    American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
    US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
    FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
    Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

    *All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.
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  3. #3
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    Resturants typically will put a 20-25% "tip" on top of the bill. It's easier to put in the correct amount as a lower number than a higher number.
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  4. ksy
    ksy is offline
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    I experienced it this weekend after getting gas for my lawn mower $13.56 was the total 100.00 is what appeared on my pending.
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  5. #5
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    This is also common on hotel reservation.
    In My Wallet:
    Citi Forward (12/2010) | Citi TY Preferred (05/2011) | BofA Travel Rewards (07/2011) | Chase Freedom (11/2011)
    GECRB/PayPal (05/2012) | Discover it (07/2012) | US Bank Cash Reward (08/2012) | AMEX BCE (09/2012)
    Target (10/2012) | Chase Ink Classic (11/2012) | BofA Balance Rewards (04/2013)
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  6. #6
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    Quote Originally Posted by Vermonster View Post
    Resturants typically will put a 20-25% "tip" on top of the bill. It's easier to put in the correct amount as a lower number than a higher number.
    Quote Originally Posted by trumpet-205 View Post
    This is also common on hotel reservation.
    Excellent!

    Thanks for the info!

    I love this forum
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  7. #7
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    How long do pending charges usually stay? I have pending charges from like 2 months ago from a restaurant...
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    Quote Originally Posted by sakhalin View Post
    How long do pending charges usually stay? I have pending charges from like 2 months ago from a restaurant...
    consider yourself lucky, it probably means that they never actually approved the sale at the restaurant. They ran you card, and you paid in essence but management or the bookkeeper never official okayed the transaction so they never received your money. Its prolly in limbo, call amex to see if you can have it returned.
    Amex Zync - NPSL (Cleared up to 25k)
    Amex BCE - 12000 limit
    Amex BCP - 4200 limit
    FIA Rewards Amex- 3500 limit
    Chase Freedom - 2000 limit
    Chase Slate - 2000 Limit
    BoA Cash Rewards Privileges- 3000 limit
    Barclaycard Rewards MC - 3000 limit
    Discover IT- 3500 limit
    Marriott PR- 5000 limit
    21 years old with alot of life to spend
    Its not about the ending, its about the journey,
    just as long as the ending is just as good
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  9. #9
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    The amount is just the tip amount, they already charged the entire bill after tip, but the tip was still in pending charges. It's been so long that its no longer listed under "pending charges", but when I subtract my total credit line from my current balance, I'm still missing a few bucks from my available credit line that equates to that tip amount that was in pending charges. I'll give it a few more weeks, its just a few bucks, but still.
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  10. #10
    ksy
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    Quote Originally Posted by ksy View Post
    I experienced it this weekend after getting gas for my lawn mower $13.56 was the total 100.00 is what appeared on my pending.
    Mine cleared yesterday for the $13.56
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