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Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012
0

Cap1 CC payment on Sat+1 question

[ Edited ]

If I make a payment online before noon on Saturday morning with Cap 1 will it be credited that day or will it be credited on Monday? My statement cut date is Monday and want to lower UTIL on it. The problem is that I have just paid medical bill for mother ($3,000) and my additional funds are not available until late Friday.

 

On a related note, if my UTIL on all cards is below 20% but say 60% on one card then how bad of a score hit will I take? Im trying to move some funds around from another account to avoid this problem but wanted to get an idea what kind of impact this would have (especially since I have new accounts about to start reporting and dont want to take too bad of hit when these lenders start softing me).

 

Thanks,

 

 

Duncan



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012
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Re: Cap1 CC payment on Sat+1 question

they usually available by monday or early tuesday......sometime they hold funds if you had a bad experience with 'em ;-(


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012
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Re: Cap1 CC payment on Sat+1 question

Thanks for reply but not asking about availablity, I'm asking about reported balance.  I want to keep Utilization down.  So the question is would a payment early Saturday be credited to my reported balance that day or would it be credited on Monday (when my statement generates).



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Moderator
Revelate
Posts: 8,891
Registered: ‎12-30-2011
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Re: Cap1 CC payment on Sat+1 question

Unless you are applying for something in the next month I wouldn't worry about it. This is what credit cards were designed for anyway, shirt term float.

For reference though you have a longer established history than mine: I dropped from 646 to 636 last month when I had 4k report unexpectedly on 7400 aggregate limit and over 60% on one card. No biggie as FICO has no memory of revolving utilization.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Moderator
Revelate
Posts: 8,891
Registered: ‎12-30-2011
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Re: Cap1 CC payment on Sat+1 question

To your other question, think that depends on lender on when they credit the payment against your balance. I don't know C1 policies specifically.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012
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Re: Cap1 CC payment on Sat+1 question

Thanks.  Ive already made 2 payments to Cap1 this month but Ive been stead fast in only letting one card report a balance and keeping that to below 3%.  I hate breaking that habit but Hurricane Isaac, mother's deteriating health and some unexpected bills (had a parking ticket from 3 years ago go to collection agency so I paid that immediately to avoid any reporting to CRA) has placed me in a cash flow problem for two weeks.

 

Just trying to avoid past mistakes.



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
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Re: Cap1 CC payment on Sat+1 question

Credit Card Payment Posting Timeframes
Payment submitted onPosts to accountFunds available
Monday-Saturdaybefore5:00 p.m. ET
(2:00 p.m. PT)
Same day by midnight  The day after the payment posts
   by 8:00 a.m ET (5:00 a.m PT)*
Monday-Fridayafter5:00 p.m. ET
(2:00 p.m. PT)
Next day by midnight
Saturdayafter5:00 p.m. ET
(2:00 p.m. PT)
Next business day by midnight
Sundayanytime 
Next business day by midnight **
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.

Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012
0

Re: Cap1 CC payment on Sat+1 question

Thanks Wolf



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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