By: SheilaWS

Perfect explanation. I have a $700 credit limit and I was at the limit. Each month, I had been making my minimum monthly payment. This month, I was able to pay off the whole balance. I noticed that the $698 I paid cleared my account, but only half of the payment cleared my card. I called customer service, and they told me that half was made available for me to use, and the other half is being held for 7 days. The explanation was the same as yours. I made a huge payment after making so many little payments, and they’re holding it to make sure the money is there. I do understand that, but I also never had that happen to me with any other cards. I also just paid my whole balance with capone, and they gave me my whole limit back without holding half or all. It’s annoying, but not too big of a deal. I do have half I can use, and I didn’t plan on spending the whole $700 right now anyways. I can wait.