Will Citi allow you to make early payments before being due?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Myaz31
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Will Citi allow you to make early payments before being due?

Postby Myaz31 » Mon Dec 12, 2011 7:08 am

Just started using my citi dividend card that will give me 200 back after spending 500. It seems as though you can't make a payment on your balance until its due...is this true? I don't use my debit card so I pay off my credit cards weekly so I can have visibility to how much money I truly have.


sdoonan
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Postby sdoonan » Mon Dec 12, 2011 6:29 pm

You can't make a payment if all you have are pending transactions. As soon as something posts, you can pay it off.
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FutureBillionaire
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Postby FutureBillionaire » Tue Dec 13, 2011 4:18 pm

Good job of managing your debt though. That will keep you from overspending.
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CC Deville
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Postby CC Deville » Tue Dec 13, 2011 5:01 pm

As sdoonan said, as long as there is a balance that has posted, you may pay it off; however, you cannot pay more than is currently posted. So, if you have a balance of $300 but you know that $200 is pending, you cannot pay $500 right then and there, you would only be able to pay the $300. Citibank allows 4 payments within the billing period.

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Pete838
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Postby Pete838 » Tue Dec 13, 2011 6:02 pm

Another option is to post payments through your bank's bill payment portal. I've often paid before balances are due and often pre-paid if I was going to make a purchase higher than my limit. I've never had a payment rejected!
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Myaz31
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Postby Myaz31 » Tue Dec 13, 2011 9:35 pm

The issue is that I have transactions posted to my account dating back to 12/3, but when I go to make a payment, I get "You have entered an amount greater than your statement balance. Please re-enter an amount less than or equal to your statement balance". Maybe it's because it's my first month of activity and they don't require a payment Until next month?

CC Deville
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Postby CC Deville » Sat Dec 17, 2011 1:50 pm

Myaz31 wrote:The issue is that I have transactions posted to my account dating back to 12/3, but when I go to make a payment, I get "You have entered an amount greater than your statement balance. Please re-enter an amount less than or equal to your statement balance". Maybe it's because it's my first month of activity and they don't require a payment Until next month?


That is interesting. I only get an error message if I am trying to pay for example $500 when my current balance is only $150-$499. Is your account new? Maybe they like to see payment history before allowing payments in excess of the statement balance. My account is 11 years old so they let me make up to 4 payments per billing cycle online with no issues (so long as the payment does not exceed the actual current balance).

jeffysdad
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Postby jeffysdad » Sat Dec 17, 2011 2:34 pm

I believe you can only make payment(s) equaling an amount up to the balance stated on your last statement. Transactions that have posted to your account since your last statement are not included in this amount as they are not "seen" by the bank to be due until the account cycles again. As long as there is some amount still due from your last statement balance, you can pay that whenever you want, preferably not late.

If your credit line is too low to accommodate an anticipated transaction even after paying your previous balance in full, I would call the bank and ask them to raise your limit as the card is not meeting your needs and it is THEIR JOB to meet your needs assuming you are fulfilling your obligations, which it sounds like you are.
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requiredfield
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Postby requiredfield » Tue Dec 27, 2011 8:50 pm

Pete838 wrote:Another option is to post payments through your bank's bill payment portal. I've often paid before balances are due and often pre-paid if I was going to make a purchase higher than my limit. I've never had a payment rejected!
Pushing the payment from your bank is the way to go, after the first payment the lead time should drop to two days.

namvet
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Postby namvet » Tue Dec 27, 2011 10:43 pm

requiredfield wrote:Pushing the payment from your bank is the way to go, after the first payment the lead time should drop to two days.


+1 Bill pay at your bank is your best option.



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