09-19-2012 07:48 AM - edited 09-19-2012 07:48 AM
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).
09-19-2012 08:11 AM
they usually available by monday or early tuesday......sometime they hold funds if you had a bad experience with 'em ;-(
09-19-2012 08:25 AM
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).
09-19-2012 08:28 AM
09-19-2012 08:30 AM
09-19-2012 08:37 AM
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.
09-19-2012 11:11 AM
|Credit Card Payment Posting Timeframes|
|Payment submitted on||Posts to account||Funds available|
|Same day by midnight|| The day after the payment posts|
by 8:00 a.m ET (5:00 a.m PT)*
|Next day by midnight|
|Next business day by midnight|
|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.
09-19-2012 03:04 PM