Answers about Credit Card Payments and Late Payments  Why wasn't
my online payment credited to my account on the same day I made
it?  The general rule is that the payment must be credited as of
the date it is received.  The bank may set reasonable
requirements for payments, including a cut-off time.  The cut-
off time on the payment due date generally must be 5 p.m. or
later.  Payments received after the established cut-off time
will generally be credited as of the next business day.  If the
bank listed reasonable requirements for conforming payments on
your billing statement, but accepted a payment you made that did
not meet those requirements; the bank must credit the
nonconforming payment within five days of receipt.  If the bank
promoted electronic payment via their web site, then generally
any payments made via the bank’s web site prior to the specified
cut-off time would be considered a timely payment.  March 2010