I've recently stopped using one my credit cards (while keeping the account open for the benefit of my credit). Today, a transaction was posted to the card, even though the transaction itself is dated 39 days back.
That just has me a little nervous. How common is it for a transaction to be in limbo for that long? Is there a maximum length of time allowed for a transaction to post? What if I don't pay as much attention to this card in the future, and a months-old (or years-old?) transaction finally posts, and I miss a credit card payment because I assumed the card had no balance?
EDIT: Surprised by how much this blew up. Thank you all for commenting! Many people are saying that under ordinary circumstances, a merchant has 6 months from the date of the transaction to post it. Under less-than-ordinary circumstances, it's been mentioned that a merchant can get "authorization" to post the transaction after that 6 month period, and it's been mentioned that a cardholder's "liability" for a transaction extends to two years. I'm also seeing a lot of advice to not get lax with monitoring a credit card account for fraud and late transactions just because the card is no longer in active use—so long as the account is open, the responsibility to stay on top of everything is still the same.
Submitted April 08, 2018 at 03:12PM by MBmUN3Pw8mgDQ98f https://ift.tt/2H3hDwn
