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Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013

Capital One- paying before charge hits

     My statement date for my Capital One card is the 21st of the month. Yesterday I send someone 190 dollars western union and used my Capital One card to pay for it. I want to make sure my account is at <9% util on statement day. I get my paycheck t'm iomorrow. Capital One will only let me pay 10% over what I owe on the bibilll through their payment on their website. the website shows this charge pending but it hasn't fully hit my bill yet. To make sure that I pay this before the statement date which is in 3 days, I am considering sending capital one money through billpay from BofA. That way I  can send them the full amount tom when I get paid and it should hit by the statement date. Should I do this or should I just wait a day or two and pay the bill through the Capital One online interface when the charge hits? It is not a huge huge deal if I don't pay it by the statement date because I am in the garden anyway for a few month, but I would really like to pay my account down to <9% util just to be in the habit of maximizing my score. Any suggestions? How long does a western union charge usually take to hit? will 3 days be long enough?

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

Re: Capital One- paying before charge hits


dddewdrop wrote:

     My statement date for my Capital One card is the 21st of the month. Yesterday I send someone 190 dollars western union and used my Capital One card to pay for it. I want to make sure my account is at <9% util on statement day. I get my paycheck t'm iomorrow. Capital One will only let me pay 10% over what I owe on the bibilll through their payment on their website. the website shows this charge pending but it hasn't fully hit my bill yet. To make sure that I pay this before the statement date which is in 3 days, I am considering sending capital one money through billpay from BofA. That way I  can send them the full amount tom when I get paid and it should hit by the statement date. Should I do this or should I just wait a day or two and pay the bill through the Capital One online interface when the charge hits? It is not a huge huge deal if I don't pay it by the statement date because I am in the garden anyway for a few month, but I would really like to pay my account down to <9% util just to be in the habit of maximizing my score. Any suggestions? How long does a western union charge usually take to hit? will 3 days be long enough?


Just wait, after all, it makes no difference when you are in the garden.

Community Leader
Senior Contributor
myjourney
Posts: 25,139
Registered: ‎02-07-2013

Re: Capital One- paying before charge hits

YMMV 

Usually my pending charges only take a day to post to my CAP 1 account so in theory you should be able to pay whatever amount you wish tomorrow.

"Intelligence plus character--that is the goal of true education"
I will be gardening until a better offer/bonus comes along
Last escape 06/06/13 Bronze 7/6/2013 Silver 9/6/2013 Gold 12/6/2013 Palladium 3/6/14 made it...6/6/14 Plat is all mine
Frequent Contributor
GMCSierraDenali
Posts: 252
Registered: ‎02-19-2013

Re: Capital One- paying before charge hits

The real question here is how did you send someone money with your credit card? Western Union never lets me use my credit cards, :smileysad:.

      

      

Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013

Re: Capital One- paying before charge hits


GMCSierraDenali wrote:

The real question here is how did you send someone money with your credit card? Western Union never lets me use my credit cards, :smileysad:.


     Idk. I have been a western union gold card member for a while and have sent over 50k in the last 2 years. Not only could I send it with my credit card, even better, it wasn't counted as a cash advance. I know for a fact that you cannot send it with a credit card from the western union branch at my local supermarket, but online, i seem to have no problem doing that. I prefer to send cash but I had a short term liquidity squeeze so the credit card came in very handy.

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log
New Contributor
kk627
Posts: 50
Registered: ‎01-02-2013

Re: Capital One- paying before charge hits


GMCSierraDenali wrote:

The real question here is how did you send someone money with your credit card? Western Union never lets me use my credit cards, :smileysad:.


I use my CC sometimes, but then I get hit with a cash advance fee.


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