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About LinkBacksJust 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.
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Green Member
- Join Date
- Dec 2011
- Location
- Massachusetts
- Posts
- 4
Will Citi allow you to make early payments before being due?
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Gold Member
- Join Date
- Nov 2011
- Location
- Hempstead, NY
- Posts
- 32
You can't make a payment if all you have are pending transactions. As soon as something posts, you can pay it off.
Cards I Carry:
Visa: CitiForward Student (1k CL, 15.24%), Capital One Student Journey Rewards (.5k CL, 19.8%)
Discover: More Student (1k CL, 17.99% regular, current rate 1.9% through 3/6/12) (Primary card at this time)
AMEX: Blue Cash Everyday (2k CL, 21.25%)
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Centurion Member
- Join Date
- Jun 2011
- Location
- Down South
- Posts
- 201
Good job of managing your debt though. That will keep you from overspending.
Cards
Visa: BofA Cash rewards Visa Signature (1% on everything)
Kroger 123 Rewards Visa, Ascend FCU Platinum Visa (1% back), Penfed Platinum Cash Rewards Visa (5% on Gas)
BofA Cash Reward Platinum Plus (1% on everything, 2%on groceries, 3% on gas), Penfed Platinum Rewards Visa ( 5 points on gas, 3 points on groceries, 1 point on everything else)
Discover: Discover More (5% back rotating categories), Discover Miles (2% on travel and restaurants, double miles on phone, internet, and tv
Amex: Gold Card, BofA Accelerated Cash Rewards (1.5% on everything)
Express Store card (points for gift certificates and special deals)
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Centurion Member
- Join Date
- Aug 2011
- Location
- Phoenix
- Posts
- 398
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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Centurion Member
- Join Date
- Dec 2010
- Location
- Florida
- Posts
- 209
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!
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan
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Green Member
- Join Date
- Dec 2011
- Location
- Massachusetts
- Posts
- 4
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?
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Centurion Member
- Join Date
- Aug 2011
- Location
- Phoenix
- Posts
- 398
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).
Originally Posted by Myaz31
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Centurion Member
- Join Date
- Apr 2009
- Location
- Texas
- Posts
- 542
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.CARDS (and why)
FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
Amex: Blue Cash Everyday (not in use)
Discover: More (only for 5% reward categories)
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Gold Member
- Join Date
- Sep 2011
- Location
- Lost in space
- Posts
- 47
Pushing the payment from your bank is the way to go, after the first payment the lead time should drop to two days. Originally Posted by Pete838
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Platinum Member
- Join Date
- Dec 2011
- Location
- Texas
- Posts
- 66
+1 Bill pay at your bank is your best option. Originally Posted by requiredfield
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