Credit Card Center Advertiser Disclosure†
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
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.