Cap 1 statement date/ payment posting

[Anonymous]

Hello,

I contacted a rep through the live chat to inquire about my statement date since I am a new card holder (credit steps program). She informed me that my statement closes on the 17th of every month. I've used the card the past few weeks and PIF everytime, I pay with CU account and I notice that it takes 2-3 days to post, it says "processing". My fear is that if I PIF on the 15th or 16th each month that it will report a balance because the payment hasn't officially posted. Anyone have any experience with this?

[JSS3]

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@Anonymous wrote:

Hello,

I contacted a rep through the live chat to inquire about my statement date since I am a new card holder (credit steps program). She informed me that my statement closes on the 17th of every month. I've used the card the past few weeks and PIF everytime, I pay with CU account and I notice that it takes 2-3 days to post, it says "processing". My fear is that if I PIF on the 15th or 16th each month that it will report a balance because the payment hasn't officially posted. Anyone have any experience with this?

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Haven't experienced this with Cap 1. Payments are posted the next day for me. 

PIF on the 13th or 14th. 

[masscredit]

Credit Card Payment Posting Timeframes

Payment submitted on Posts to account Funds available
Monday-Saturday before 8 p.m. ET
(5 p.m. PT)

Same day by midnight The day after the payment posts
by 8 a.m ET (5 a.m PT)*

Monday-Friday after 8 p.m. ET
(5 p.m. PT)

Next day by midnight The day after the payment posts
by 8 a.m ET (5 a.m PT)*

Saturday after 8 p.m. ET
(5 p.m. PT)

Next business day by midnight The day after the payment posts
by 8 a.m ET (5 a.m PT)*

Sunday anytime
Next business day by midnight ** The day after the payment posts
by 8 a.m ET (5 a.m PT)*

Payments are not processed or posted Thanksgiving Day, Christmas Day, or New Year's Day.

* The availability of funds may be delayed at Capital One's sole discretion to ensure payment in good funds.

** If your payment due date falls on Sunday, Thanksgiving, Christmas, or New Year's and you schedule a payment on that date, then
your payment will be considered on time.

[Anonymous]

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@JSS3 wrote:

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@Anonymous wrote:

Hello,

I contacted a rep through the live chat to inquire about my statement date since I am a new card holder (credit steps program). She informed me that my statement closes on the 17th of every month. I've used the card the past few weeks and PIF everytime, I pay with CU account and I notice that it takes 2-3 days to post, it says "processing". My fear is that if I PIF on the 15th or 16th each month that it will report a balance because the payment hasn't officially posted. Anyone have any experience with this?

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Haven't experienced this with Cap 1. Payments are posted the next day for me. 

PIF on the 13th or 14th. 

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That's what I was thinking. I'll also have to be sure not to use it again until after the 17th. 

[Anomalous]

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@Anonymous wrote:

Hello,

I contacted a rep through the live chat to inquire about my statement date since I am a new card holder (credit steps program). She informed me that my statement closes on the 17th of every month. I've used the card the past few weeks and PIF everytime, I pay with CU account and I notice that it takes 2-3 days to post, it says "processing". My fear is that if I PIF on the 15th or 16th each month that it will report a balance because the payment hasn't officially posted. Anyone have any experience with this?

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If you initiate the payment from your Capital One account by 5pm EST it will post the same day; after 5pm the next day (weekends/holidays differ) and take a few days to be withdrawn from your bank account. If you're using your CU bill payment option, it will take a few days to post to your cc account. 

[Anonymous]

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@Anomalous wrote:

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@Anonymous wrote:

Hello,

I contacted a rep through the live chat to inquire about my statement date since I am a new card holder (credit steps program). She informed me that my statement closes on the 17th of every month. I've used the card the past few weeks and PIF everytime, I pay with CU account and I notice that it takes 2-3 days to post, it says "processing". My fear is that if I PIF on the 15th or 16th each month that it will report a balance because the payment hasn't officially posted. Anyone have any experience with this?

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If you initiate the payment from your Capital One account by 5pm EST it will post the same day; after 5pm the next day (weekends/holidays differ) and take a few days to be withdrawn from your bank account. If you're using your CU bill payment option, it will take a few days to post to your cc account. 

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Thanks! I pay from my Cap 1 account.