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ColbyS said:   Has anyone had pending transactions stay pending for an inordinately long period of time?

5-6 business days?

Something fishy is going on with my account...


Happened for me with the Mint purchase - ordered on 4/16....stayed pending through 4/20, even though other transactions dated later than 4/16 were cleared....on 4/20, it disappeared from the pending, but wasn't moved into the completed (sale) part of the statement...that's when I start sweating it a bit ...finally, on 4/21, moved into "sale"...weirdly, available limit is still excluding a Mint purchase (i.e, higher by $1k that it really is).

All other transactions are processed rather quickly...Chargesmart charges stay in pending 2-3 days.

micecali said:   Was playing with the number online at the ChargeSmart site. I didn't complete submitting any payment yet but decided to come back later on.
So, the ChargeSmart people emailed me with offer of $25 gift certificate if I use their service.

Here is a copy of the email:
Hi xx,
I saw that you recently started a payment on ChargeSmart but left before you completed the transaction. It's my job to make sure we provide exceptional customer service at ChargeSmart, so I'd like to offer you a $25 gift certificate (valid at over 18,000 restaurants nationwide) if you complete your payment today. Click on this special link to get started. (Limit one per customer). In just a few minutes you can be on your way to a free meal at one of your favorite restaurants!
Did you know you can also use ChargeSmart to make auto loan and utility payments with your Visa, Mastercard, or Discover card? Stop by ChargeSmart.com today to learn more.
Sincerely,
xxxx
Customer Service Specialist
ChargeSmart
655 Montgomery Street
San Francisco, CA 94111


Nice! I wish I did that when I was playing around, I was using fake emails/cc #...if I used actual info, probably would have gotten the same email.

Anyway to generate temp no.s like BoA/FIA cards for online purchases? Or atleast way to generate a duplicate card no. for the same account?

Asked cust. supp. a while back. As usual NO was the answer. Was wondering whether anybody here knows blackmagic to get it..

TIA

Speaking of Chargesmart.com Penfed is not on the list so that kills the idea of me being able to pay my mortgage with my CC.

Has anyone looked into the Square credit card reader and the point abilities? They charge 2.5% for each transaction, so you'd only be getting 2.5% Cash Back, but you wouldn't need to deal withoutside companies. Just a thought since the square reader is now available directly through apple for $10.

iamwildbill said:   Has anyone looked into the Square credit card reader and the point abilities? They charge 2.5% for each transaction, so you'd only be getting 2.5% Cash Back, but you wouldn't need to deal withoutside companies. Just a thought since the square reader is now available directly through apple for $10.

Look at there weekly withdrawal limits...$1,000.

swintec said:   iamwildbill said:   Has anyone looked into the Square credit card reader and the point abilities? They charge 2.5% for each transaction, so you'd only be getting 2.5% Cash Back, but you wouldn't need to deal withoutside companies. Just a thought since the square reader is now available directly through apple for $10.

Look at there weekly withdrawal limits...$1,000.


Square card payment rates
Card-present (swiped): 2.75%

Card-not-present (keyed-in):

3.5% + 15


Reader is free and mailed to you when you sign up

swintec said:   iamwildbill said:   Has anyone looked into the Square credit card reader and the point abilities? They charge 2.5% for each transaction, so you'd only be getting 2.5% Cash Back, but you wouldn't need to deal withoutside companies. Just a thought since the square reader is now available directly through apple for $10.

Look at there weekly withdrawal limits...$1,000.
And its 2.75%, not 2.5%. And the reader is available for free from Square. I have a batch of 50 of them being shipped to me this week to distribute.

The problem with square is the payout limits, and that - like all online processors - when you hit a certain volume they'll press the hold button and request verification of your account info.

I like Square as an alternative to traditional credit card processing accounts alot more than for the points churning.

A new small bonus perk for all us AARP members. This was on Regal Entertainment's (the movie theater chain) Facebook page today:
Now offering AARP Members a discount on concessions. The value-priced combination includes a 32oz. soft drink and a 64oz. popcorn for $5.50
(this is supposedly a ~49% discount)

ColbyS said:   Has anyone had pending transactions stay pending for an inordinately long period of time?

5-6 business days?

Something fishy is going on with my account...
Who's the merchant? The time lag between it pending and posting is purely due to the merchant. Online orders arent (or shouldnt be) charged until they've been shipped.

agentjfong said:   A new small bonus perk for all us AARP members. This was on Regal Entertainment's (the movie theater chain) Facebook page today:
Now offering AARP Members a discount on concessions. The value-priced combination includes a 32oz. soft drink and a 64oz. popcorn for $5.50
(this is supposedly a ~49% discount)
Aside from us, how many AARP members would buy anything that large?

iamwildbill said:   Has anyone looked into the Square credit card reader and the point abilities? They charge 2.5% for each transaction, so you'd only be getting 2.5% Cash Back, but you wouldn't need to deal withoutside companies. Just a thought since the square reader is now available directly through apple for $10.Intuit has a similar service, I think their fees are even lower. I haven't looked into how viable it would be for churning though.

gizmoduck said:   iamwildbill said:   Has anyone looked into the Square credit card reader and the point abilities? They charge 2.5% for each transaction, so you'd only be getting 2.5% Cash Back, but you wouldn't need to deal withoutside companies. Just a thought since the square reader is now available directly through apple for $10.Intuit has a similar service, I think their fees are even lower. I haven't looked into how viable it would be for churning though.

They also offer a free card reader, but they have a $300 daily and $1000 weekly limit. Charges post directly to bank account.

VK11 said:   to glxpass (forgot the quote option)

Correct....the recurring payments means that you have to have at least 2 more (I will cancel after that)...but, with $45 fee on 3 payments ($15*3), less $10 discounts comes out to $35 on 2,250 in payment ($750*3)...and that comes out to ~1.6% in fees - lowest % that I found, based on playing with various amounts and fees involved on ChargSmart.



I just checked Chargesmart.com, seemed like they raised or changed the structure of their fees.
To charge $750 on your cc, you will have to pay $30, not $15.
I also tried $1500, fee stay the same at $30.
But when I tried $2250, there is a "Large Payment Security Fee" of $22.40 on top of the $30, so total are $52.40.
Don't understand why they called "Large Payment Security Fee".

dbalkunjr said:   Speaking of Chargesmart.com I am wondering a bout the viability of the following. Penfed is not on the list so that kills the idea of me being able to pay my mortgage with AARP. Would it not make sense to do a HELOC with one of the institutions listed and then use it to generate a 3.4% return.....without any heavy lifting *cough* US Mint *cough*?

The key would be a large enough HELOC
And very low or no 'closing costs' on the HELOC.
In theory though this could work.

rab75 said:   dbalkunjr said:   Speaking of Chargesmart.com I am wondering a bout the viability of the following. Penfed is not on the list so that kills the idea of me being able to pay my mortgage with AARP. Would it not make sense to do a HELOC with one of the institutions listed and then use it to generate a 3.4% return.....without any heavy lifting *cough* US Mint *cough*?

The key would be a large enough HELOC
And very low or no 'closing costs' on the HELOC.
In theory though this could work.


It also depends on your account number--my HELOC account number won't work with chargesmart.

nm - redundant.

echip said:   VK11 said:   to glxpass (forgot the quote option)

Correct....the recurring payments means that you have to have at least 2 more (I will cancel after that)...but, with $45 fee on 3 payments ($15*3), less $10 discounts comes out to $35 on 2,250 in payment ($750*3)...and that comes out to ~1.6% in fees - lowest % that I found, based on playing with various amounts and fees involved on ChargSmart.



I just checked Chargesmart.com, seemed like they raised or changed the structure of their fees.
To charge $750 on your cc, you will have to pay $30, not $15.
I also tried $1500, fee stay the same at $30.
But when I tried $2250, there is a "Large Payment Security Fee" of $22.40 on top of the $30, so total are $52.40.
Don't understand why they called "Large Payment Security Fee".
Chargesmart fees vary based on the payee and the type of card used. My fee is 3.51%. And the HELOC's account number has to comply with that lender's account numbering system for mortgages, since Chargesmart isnt set up to send payments to lines of credit the system rejects most non-mortgage account numbers. Someone I know tried this a couple months ago, using a HELOC number instead of a mortgage account, and the payment got lost in the system for almost 3 months before being properly credited.

The large payment fees are due to people making large payments then doing chargebacks. Chargebacks cost money to defend against, and if they lose it's next to impossible to get a payment back from a mortgage company. Another case of jackasses ruining a good service and making it more expensive for the legit users.

So another datapoint on Chase payment posting...

I have a chase checking account and several chase cards. Paid my Continental card on the 19th, posted yesterday, credit limit back to max this morning. Paid my AARP on the 16th, posted on the 17th, credit limit still not back! Think Chase is doing this to slow us down?

if you want to read about chargesmart here is a great source of info from flyertalk.

flyertalk forum re:chargesmart

it actually explains how it works--from what i have read the "large payment security fee" is actually just their way of covering the 2-3% they pay to the credit card companies. I will definitely still use it cuz I will still come out ahead-it is not for everyone, of course.

myhotrs said:   So another datapoint on Chase payment posting...

I have a chase checking account and several chase cards. Paid my Continental card on the 19th, posted yesterday, credit limit back to max this morning. Paid my AARP on the 16th, posted on the 17th, credit limit still not back! Think Chase is doing this to slow us down?
Are you paying via the transfer option from your Chase checking acct, or via the "pay credit card" option? I've always used the former, including $15K yesterday, and my CL has always been released the next day(except for weekends).

Reading this forum, I understand it is quicker to "push" a payment from an outside acct than from chase.
I pushed a payment and the CL was available the next day.

That is true. I did a transfer mid-statement and had CL back in a few days.

The payment I am referring to was a normal payment. I just wanted to point out the difference between two chase cards paid in the same way. The only difference is the AARP payment was much larger.

myhotrs said:   That is true. I did a transfer mid-statement and had CL back in a few days.

The payment I am referring to was a normal payment. I just wanted to point out the difference between two chase cards paid in the same way. The only difference is the AARP payment was much larger.


But if you paid the AARP card via the pay credit card option (by entering your Chase account information) then their system treats it the same(unfairly) as pulled payments from external accounts. Same thing with using the bill pay function on Chase.com (Do not use this). To make it work properly, you must go to the "transfers" tab at the top of Chase.com and then do a direct transfer from Chase checking to the AARP card, same as you would do a transfer from checking to savings, etc. This will post same day if done before 5 PM EST and credit limit will be restored as of the next morning...

I have NOT seen a single report of a payment hold when the card is paid in this exact fashion...

kjgco said:   myhotrs said:   So another datapoint on Chase payment posting...

I have a chase checking account and several chase cards. Paid my Continental card on the 19th, posted yesterday, credit limit back to max this morning. Paid my AARP on the 16th, posted on the 17th, credit limit still not back! Think Chase is doing this to slow us down?
Are you paying via the transfer option from your Chase checking acct, or via the "pay credit card" option? I've always used the former, including $15K yesterday, and my CL has always been released the next day(except for weekends).


Exactly, paying in the normal fashion from a Chase bank account will result in their system treating it the same as a pulled payment on Chase.com from an external account...

Happy283 said:   if you want to read about chargesmart here is a great source of info from flyertalk.

flyertalk forum re:chargesmart

it actually explains how it works--from what i have read the "large payment security fee" is actually just their way of covering the 2-3% they pay to the credit card companies. I will definitely still use it cuz I will still come out ahead-it is not for everyone, of course.

Keep in mind that if you are paying ~3% to fees and hoping to get 5% back at the end of the month, if Chase starts closing abuser's cards down (a well documented phenonomen among high rewards card issues, ESPECIALLY with a FWF thread dedicated to the topic with various topics of abuse being discussed within), then you could lose ~3% of everything you sent and suffer a sizeable loss. I know glxpass mentioned this happend to him back with the Citi CR card and it was a very nasty loss. Just proceed with caution and be aware that you wont' get your rewards if Chase shuts you down when paying fees up front and hoping to recoupe them later.

if Chase starts closing abuser's cards down (a well documented phenonomen among high rewards card issues, ESPECIALLY with a FWF thread dedicated to the topic with various topics of abuse being discussed within)

can you point me to the FWF thread regarding chase closing down abusers cards? or where it is well documented-I have only read in this thread of one ot two people who mentioned this.
if you were talking about the link i listed-that is not what i got out of reading it. it was mainly talking about chargesmart.

Happy283 said:   if Chase starts closing abuser's cards down (a well documented phenonomen among high rewards card issues, ESPECIALLY with a FWF thread dedicated to the topic with various topics of abuse being discussed within)

can you point me to the FWF thread regarding chase closing down abusers cards? or where it is well documented-I have only read in this thread of one ot two people who mentioned this.
if you were talking about the link i listed-that is not what i got out of reading it. it was mainly talking about chargesmart.
There no examples of Chase doing so, since Chase hasnt offered such a high-reward card. But it's been well noted regarding the Citi CR card, along with some AMEX and BofA cards.

thank you-i guess i will have to take my chances. all of my charges are business expenses-the only thing i have had to pay a little fee on was for my 2011 taxes, and it was small enough for me not to worry about. my auto payment is not due until May, and I will have my first chase statement by then. The auto payment is all i was going to put thru chargesmart because it is under $800 (no mortgage anymore!) so I shouldnt have much to worry about. but, I still like to learn all I can from these forums and at least I am aware of all the possibilities, so thank you to all for the great information!

TextSo, the ChargeSmart people emailed me with offer of $25 gift certificate if I use their service. Here is a copy of the email: Hi xx, I saw that you recently started a payment on ChargeSmart but left before you completed the transaction. It's my job to make sure we provide exceptional customer service at ChargeSmart, so I'd like to offer you a $25 gift certificate (valid at over 18,000 restaurants nationwide) if you complete your payment today. Click on this special link to get started. (Limit one per customer). In just a few minutes you can be on your way to a free meal at one of your favorite restaurants! Did you know you can also use ChargeSmart to make auto loan and utility payments with your Visa, Mastercard, or Discover card? Stop by ChargeSmart.com today to learn more. Sincerely, xxxx Customer Service Specialist ChargeSmart 655 Montgomery Street San Francisco, CA 94111

I received the same email - i would NEVER click on a link in an email and think I was actually going to a REAL website! they didnt offer me a code if I wanted to go to the site on my own-so pretty much useless to me. and as stated by another, this card is probably worth $1 or less. It's probably one of those cards where you have to spend something to get something! anyway, I will never know cuz I wont click on the link to use it.

If the account is closed for AA do you still get the points at the end of the month?
Also, anyone banned from chase as a result of to much churn? Or did you just get the one account closed?

monarch20 said:   If the account is closed for AA do you still get the points at the end of the month?

I have had AA from two issuers, AMEX and BofA and both keep the points I cant imagine it would be any different with Chase. Check the Terms that came with your card regarding closing your account and rewards terms.

nymgiants said:   pricelessprice said:   Did this happen to anyone else?


i3ighead said:   i3ighead said:   Don't fund citibank with the card. It will be revised into a cash advance.

Citi marked it as a purchased and they even said it would go thru as a purchase. I lowered my CA down to 0 on AARP. I funded 5 digits worth, which was triple what my CA availability would of been had i not lowered it to 0. CHase allowed it to go thru then reamed me hard with transaction fees. Time to call tomorrow. Hope this helps someone avoid this inconvenience.....


your issue is with citi as they changed the type of transaction to cash advance, they have done this many times to other folks in the past, I bet when you call citi and them they did this after telling you it would be treated as a purchse they will either play dumb, blame chase or deny saying that to you. Ive seen numerus posts on citi changing other banks and their own on the their own citi card, but this wouldnt surpise me. Let us know what chase states when you call, maybe they'll do a courtesy reversal of finance charges and fees


Data point: My headache actually was to my advantage. I received full 5% credit for my 5 digit "cash advance" to citibank. I was refunded the 3% fee so I pocketed a full 5%. Hope this helps someone.

i3ighead said:   nymgiants said:   pricelessprice said:   Did this happen to anyone else?


i3ighead said:   i3ighead said:   Don't fund citibank with the card. It will be revised into a cash advance.

Citi marked it as a purchased and they even said it would go thru as a purchase. I lowered my CA down to 0 on AARP. I funded 5 digits worth, which was triple what my CA availability would of been had i not lowered it to 0. CHase allowed it to go thru then reamed me hard with transaction fees. Time to call tomorrow. Hope this helps someone avoid this inconvenience.....


your issue is with citi as they changed the type of transaction to cash advance, they have done this many times to other folks in the past, I bet when you call citi and them they did this after telling you it would be treated as a purchse they will either play dumb, blame chase or deny saying that to you. Ive seen numerus posts on citi changing other banks and their own on the their own citi card, but this wouldnt surpise me. Let us know what chase states when you call, maybe they'll do a courtesy reversal of finance charges and fees


Data point: My headache actually was to my advantage. I received full 5% credit for my 5 digit "cash advance" to citibank. I was refunded the 3% fee so I pocketed a full 5%. Hope this helps someone.


Wow, that's great!

I knew it was a long shot but I am glad you got the interest.

How long was your credit limit tied up before your payment went through on the "cash advance"?

jameshasty said:   i3ighead said:   nymgiants said:   pricelessprice said:   Did this happen to anyone else?


i3ighead said:   i3ighead said:   Don't fund citibank with the card. It will be revised into a cash advance.

Citi marked it as a purchased and they even said it would go thru as a purchase. I lowered my CA down to 0 on AARP. I funded 5 digits worth, which was triple what my CA availability would of been had i not lowered it to 0. CHase allowed it to go thru then reamed me hard with transaction fees. Time to call tomorrow. Hope this helps someone avoid this inconvenience.....


your issue is with citi as they changed the type of transaction to cash advance, they have done this many times to other folks in the past, I bet when you call citi and them they did this after telling you it would be treated as a purchse they will either play dumb, blame chase or deny saying that to you. Ive seen numerus posts on citi changing other banks and their own on the their own citi card, but this wouldnt surpise me. Let us know what chase states when you call, maybe they'll do a courtesy reversal of finance charges and fees


Data point: My headache actually was to my advantage. I received full 5% credit for my 5 digit "cash advance" to citibank. I was refunded the 3% fee so I pocketed a full 5%. Hope this helps someone.


Wow, that's great!

I knew it was a long shot but I am glad you got the interest.

How long was your credit limit tied up before your payment went through on the "cash advance"?


Not that long. Maybe 48 hours?

rab75 said:   dbalkunjr said:   Speaking of Chargesmart.com I am wondering a bout the viability of the following. Penfed is not on the list so that kills the idea of me being able to pay my mortgage with AARP. Would it not make sense to do a HELOC with one of the institutions listed and then use it to generate a 3.4% return.....without any heavy lifting *cough* US Mint *cough*?

The key would be a large enough HELOC
And very low or no 'closing costs' on the HELOC.
In theory though this could work.

Well my first statement closed during the last overnight. Can't say I'm doing well. I'm not.

They did give me credit for all the payments I have made, regardless how made. I have a negative balance and they did not bill me. This says to me they acknowledge they have my four payments, all made prior to statement closing. I guess that sounds pretty good, and it would be except:

They have not expanded my available credit back up to my CL. I'm sort of in a wait mode, curious to see how long they will string this out by sitting on my money which they surely have. But if nothing has moved by Monday I'm gonna have to call them. They told me a couple of weeks ago that, in this situation, all one has to do is call and they will fix things. I'm wondering how long it takes if I don't call. But I can't hold out much longer. I need the AC and I could use it now.

I'm still sending in money, BTW, big time. I also folded my rewards back into my account. I wonder how long they will put the rewards on hold for!! Heck, holding of payments, at least as regards shorting my available credit, seems to be their expertise. It's what they do best.

guardian44 said:   Well my first statement closed during the last overnight. Can't say I'm doing well. I'm not.

They did give me credit for all the payments I have made, regardless how made. I have a negative balance and they did not bill me. This says to me they acknowledge they have my four payments, all made prior to statement closing. I guess that sounds pretty good, and it would be except:

They have not expanded my available credit back up to my CL. I'm sort of in a wait mode, curious to see how long they will string this out by sitting on my money which they surely have. But if nothing has moved by Monday I'm gonna have to call them. They told me a couple of weeks ago that, in this situation, all one has to do is call and they will fix things. I'm wondering how long it takes if I don't call. But I can't hold out much longer. I need the AC and I could use it now.

I'm still sending in money, BTW, big time. I also folded my rewards back into my account. I wonder how long they will put the rewards on hold for!! Heck, holding of payments, at least as regards shorting my available credit, seems to be their expertise. It's what they do best.


Call csr and they will release the credit hold.

i3ighead said:   guardian44 said:   Well my first statement closed during the last overnight. Can't say I'm doing well. I'm not.

They did give me credit for all the payments I have made, regardless how made. I have a negative balance and they did not bill me. This says to me they acknowledge they have my four payments, all made prior to statement closing. I guess that sounds pretty good, and it would be except:

They have not expanded my available credit back up to my CL. I'm sort of in a wait mode, curious to see how long they will string this out by sitting on my money which they surely have. But if nothing has moved by Monday I'm gonna have to call them. They told me a couple of weeks ago that, in this situation, all one has to do is call and they will fix things. I'm wondering how long it takes if I don't call. But I can't hold out much longer. I need the AC and I could use it now.

I'm still sending in money, BTW, big time. I also folded my rewards back into my account. I wonder how long they will put the rewards on hold for!! Heck, holding of payments, at least as regards shorting my available credit, seems to be their expertise. It's what they do best.


Call csr and they will release the credit hold.


Agreed. Actually that's what I wrote in the post you answered.

But my goal is to learn, if I can, how long they will hold my payments to them if I do NOT call.

Ofentimes banks, when they hold funds, will tell you when the hold is scheduled to expire. But with Chase . . not so much! Maybe they figure if you don't call they can just hold onto your money ad infinitum.

I'm especially curious to see, when (if) they credit my rewards to the account, whether that sum of money also is added to my available credit. Or maybe they will claim there is a hold on that, too!!

WABOA!!

guardian44 said:   I have a negative balance and they did not bill me.

Ending up with a credit (negative balance) numerous times is a sure way to get your account reviewed. Been there, done that..... : (

swintec said:   guardian44 said:   I have a negative balance and they did not bill me.

Ending up with a credit (negative balance) numerous times is a sure way to get your account reviewed. Been there, done that..... : (


I'm grateful for the tip. Thank you.

The account is less than $1000 negative. It would go the way they apparently want it to go, from what you say, if they would free up some credit for me. My AC at this point is less than $2K. That's not enough for me to buy the large items I need to buy.

Wait until they see the payment I sent in on Friday. That'll probably really get their knickers in a knot. HA! Heck, I don't care. But it's tough dealing with an outfit that thinks everyone is a crook. I'm not a crook. I just need some AC if they want me to charge to this card. When they issue an AARP card they need to figure at least a few older folks will apply. And there are fewer drug dealers, or whatever, amongst our group. We're too tired for that stuff.

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