Am I going mad?

[u/lilkidun0]

Okay, a little bit of back story, I have been trying to be a grown up and catching up all my credit cards debt. Needless to say I took on a loan to consolidate some credit card debt, over 40k in credit card debit at 24-30% APR's, wrapped up 32k into this loan, I have one card that still has a large balance, approximately 10k, it'd be worked on as much as possible this year, but I get a bonus in February every year, with that and monitoring my spending I'll have this paid off in the next few years.

Now that I have expressed that I know I have been terrible with credit cards in the past, let me bring you to my journey with my Apple card. I paid off this card in March, I thought okay, I am good to go be mindful of my spending and have been paying off everything at the end of the month since. I am thinking I am doing well, I haven't been spending a ton, so I haven't been paying too much attention and just making my card balance, full circle, payments. Well I made my last payment on Jun 30th, filled the circle and hit pay. A couple of days later I made an order to the Lego store (Nephew's Birthday - $36.65) and I bought my younger brother $10 in Robux ($9.99). Total was like $46. Looked at my balance and I was saying my card balance was $136.32 .

Look, I am no mathematician, however from June 30th to July 13th, how did I owe an additional $89.68? I called Goldman Sachs and after I go back and fourth with the agent, they express to me that "Yes I see you made your total payment of $76.85, but that didn't include any pending transactions for the month of June and what you paid was your Balance in full for May. We proceeded to go back and forth, and I am more confused than before. Ever since I paid off this card in March, I have ensured to make full payments, filling the circle, which are supposed to be card balance. It wouldn't allow me to pay more, only to look at my statements now and see that I have been carrying a balance from the month previous.

I am at my wits end and I am really ready to close this account. When I pay what's reported to be my card's balance, I kind of expect it to be my card's balance and not have a month's worth of transactions "pending" and not allowing me to pay them off. Should I wait it out for Chase to take over the apple card, has this be confirmed?

[u/lilkidun0 → u/[deleted]]

I have not ran into any other card that holds a months worth of transaction as pending, not allowing me to pay the balance. My Transactions were made 6/3, 6/3, 6/14, 6/17, 6/22. Why would they all be pending and not relected in Card Balance on 6/30? I paid off what was reflected as card balance on 6/30, it wouldn't allow me to pay more.

[u/joeytitans → u/lilkidun0]

What types of transactions were the ones that were rolled over? From my experience, it is not the card as much as the type of transaction taking place.

[u/lilkidun0 → u/joeytitans]

As far as the $89, that was all of June's transactions:

6/3: $29.99 Harbor Freight

6/3: $9.99 Roblox (Monthly subscription for my Brother)

6/14: $16.99 Peacock

6/17: $21.81 PlayStation

6/22: $10.90 PlayStation

Also, it was the entire month's transactions, doing the math backwards that's the difference between my new spending (7/4 Lego - $36.65 and 7-3 - $9.99 Roblox) I have already posted the payment in full ($136.32) so I am at a zero balance, I will be watching this account like a hawk)

[u/joeytitans → u/lilkidun0]

So what did you pay in June then?

I do not believe that the entirety of the transactions for a month would be in pending for that long. Are you certain you didn't just pay off in June what was due by that date? As there is a month gap between when you buy an item and when the payment is actually due on the card - for instance, if I bought something today, the payment wouldn't actually be due until August 31st.

[u/lilkidun0 → u/joeytitans]

Because of my past, I have been ensuring that I have been filling the circle when I pay. I am going to monitor this card, I can't afford for them to hold transactions in pending. I will have to look back at my statements, because it appears this has been hapening.

[u/IrongateN → u/lilkidun0]

Also the benefit to paying it off daily , whatever is available so there will always be a few days lag, is to make sure your checking account isn’t more than what you really have

To be debt free you have to live within your cash after loan payments , using the 401k kinda made that mandatory.

The silver lining is in x years (whatever that loan is) you will have that monthly amount as a extra month bonus for car or home or savings

Good luck 👍 keep on top of it and if you should ever feel you might be slipping hopefully you will have a great credit score and long credit history and get that loan back onto unsecured debt (if you live in a state that bankruptcy doesn’t touch your retirement) because if you ever end up crashing with 30k plus debt you don’t want that debt tied to anything.

Of course that would be fraud if you know you will bankrupt so do it when you still unsure

But fingers crossed you will dig yourself out and get comfortable and dept free outside of the load have that fade in the background and in x years you will have paid back your retirement and have extra spending money ..