transaction posting date: local or registered address?
May 16, 2015, 9:49 pm
#1
Original Poster
Join Date: Jun 2007
Programs: CO-plat, SPG-plat
Posts: 1,655
transaction posting date: local or registered address?
I don't have a foreign credit card transaction receipt for reference. Does someone know whether credit card transaction dates are based on the local date or date at registered address? I suspect it is the former but would like to double check.
I ask because I have to meet spending requirement by May 21 on US-issued credit card. I will make a large transaction in Asia/Pacific region on May 22 (when the date is still May 21 in the US).
I ask because I have to meet spending requirement by May 21 on US-issued credit card. I will make a large transaction in Asia/Pacific region on May 22 (when the date is still May 21 in the US).
May 16, 2015, 10:20 pm
#2
Join Date: Jan 2013
Location: MT, USA
Programs: Ex-5C club, Skymiles Gold
Posts: 454
transaction posting date: local or registered address?
Talk about cutting it close. From my experience you may run into a problem as there is no requirement for the vendor to close the transaction in a timely manner. The authorization may show but it may not post. I have had transactions in Europe post up to a month after the transaction was authorized. Don't count on it working.
May 16, 2015, 10:36 pm
#3
Original Poster
Join Date: Jun 2007
Programs: CO-plat, SPG-plat
Posts: 1,655
Talk about cutting it close. From my experience you may run into a problem as there is no requirement for the vendor to close the transaction in a timely manner. The authorization may show but it may not post. I have had transactions in Europe post up to a month after the transaction was authorized. Don't count on it working.
May 17, 2015, 6:08 am
#5
Join Date: Aug 2011
Location: SEA
Programs: UA Plat (former 1K)
Posts: 296
transaction posting date: local or registered address?
the posting date is not always the same as the transaction date, especially if the batch up transactions.
on a side note, I just love it when the vendor "name" on the statement is totally obfuscated and non obvious :'(
the only one immediately springing to mind is FXO threw me for a loop... FedEx Office.
but it happens a few times a year.
once every year or two I file a bogus charge claim only to find out after they research it and dig up a useful company name that I say "oh, oops, yes that was real"
credit card companies should require the actual store name to appear on transaction detail, not the processor or parent company. And the actual transaction date.
on a side note, I just love it when the vendor "name" on the statement is totally obfuscated and non obvious :'(
the only one immediately springing to mind is FXO threw me for a loop... FedEx Office.
but it happens a few times a year.
once every year or two I file a bogus charge claim only to find out after they research it and dig up a useful company name that I say "oh, oops, yes that was real"
credit card companies should require the actual store name to appear on transaction detail, not the processor or parent company. And the actual transaction date.
May 17, 2015, 6:16 am
#6
Original Member
Join Date: May 1998
Location: NYC
Programs: AA 2MM, Bonvoy LTT, Hilton Diamond
Posts: 14,635
May 17, 2015, 7:59 am
#7
Join Date: Jul 2012
Location: Canada
Programs: BA Gold (OWE), Star Alliance Gold, Hilton Diamond
Posts: 2,194
In some countries the card terminal will actually priced in Euros or Dollars and everything in the shop will be listed in that currency. When the transaction is settled their merchant bank then converts it to their smaller local currency. I've seen this a couple of times in airports.