Nextcard Payment policy

Discussion in 'Credit Talk' started by Y.M., Jan 19, 2001.

  1. Y.M.

    Y.M. Guest

    I made $5,500 balance transfer from Nextcard to my other card a week ago.Today I checked my Nextcard balance ;the 5,500 payment was posted but my available balance was negative 3,500.THe rep told me if my payment was 50 % above my credit line they will hold the payment for two weeks and during that period I cann't use my card.It seams Nexdcard doesn't like people make large payment.
     
  2. GEORGE

    GEORGE Well-Known Member

    Try this...I paid off NEXTCARD with a balance transfer (one of those that charge per transfer) so my NEXTCARD account was over paid.

    I tried to then do a balance transfer to another account that was closed to pay final payment...NEXT CARD DENIED THE BALANCE TRANSFER, so I called them, they said I can't use the account till they send me a check for the credit balance...THREE WEEKS (I told them to send it by stage coach...it will take less time).

    After my balance was back down to $0.00 my account worked fine...

    I GUESS , LIKE DISCOVERCARD, THEY ASSUME ANY CHECK OVER $10,000 WILL BOUNCE, EVEN IF IT WAS ISSUED BY ANOTHER BANK!!!
     
  3. Y.M.

    Y.M. Guest

    Thanks,George.
     

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