Credit Card Question

[PieIsAwesome]

First card, tried to test out paying my credit card balance, and when transferring $200 from my checking account to credit card, all it did was raise my available credit. My balance remained the same? Eh?
And now I have a $1.76 finance charge. WTF? It always said "You have no scheduled payment" until now, and I saw no due date for paying off the balance.
But so much for not paying interest, noooooooooooo......

 

[FP]

Are you sure it is an unsecured credit card?

 

[MSCoder610]

Also, how long ago was the payment (relative to the due date I guess)?

I have a Wells Fargo CC, though I hardly ever use it. I think when you pay it (checking transfer), the only immediate change you see is the increase in available credit as you said. The actual posting of the payment should come a little later.

 

[DaveJ]

Originally posted by: MSCoder610
Also, how long ago was the payment (relative to the due date I guess)?

I have a Wells Fargo CC, though I hardly ever use it. I think when you pay it (checking transfer), the only immediate change you see is the increase in available credit as you said. The actual posting of the payment should come a little later.

This is correct. I have a WF CC, and you'll see your payment posted a day or so after making a transfer. In the meantime your available checking balance will drop and your available credit will increase by the amount of your transfer.