Capital one?

[Anonymous]

One of my Cap 1 cards has a cutoff/due by date of the 2nd - and the statements come through on the 5th. And it usually reports to the CRAs within a few days after that.

[GoodCredBen]

I havent gotten the card yet as i was just approved yesterday, but where/when do i check for that? Sorry i am still quite new to all of this. 

[Anonymous]

Initial paperwork should say it. If not, you can call and ask them when your billing cycle ends. Or it'll show it to you once you register your card online. If it doesn't, you can go under the Customer Service tab and click 'change due date' and it'll show you what your current due date is.

Basically how it seems to work is that the due date is X date and the closing/statement date is always 3 days after that.

[GoodCredBen]

Sweet! you rock! so, i need just pay it off before that due date? 

Very nice  

[Walt_K]

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@Anonymous_vanskike wrote:

Sweet! you rock! so, i need just pay it off before that due date? 

Very nice  

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Perhaps you have it, but I think this has gotten confused.  Saying that the statement close date is a couple days after the due date, is confusing the due date for the previous month with the current month's close date.  Let's think about it for November.  Whatever date your bill gets printed is the statement close date.  Let's say that is tomorrow.  You'll then have a due date for that payment a few weeks later.  But once that statement prints, whatever the balance on that statement reads, that is what is getting reported to the CRAs.  You want to pay off that balance before the due date, but it isn't going to change what they report.

The simplest way to think about this is to ignore the due date.  Just know what day your bill gets printed.  Make your payments a few days before that so that when the bill prints, the balance on the bill is whatever you want it to be.  In your case, for a 300CL, less than $27.  Due dates don't really factor into this.  The due date is important because you need to pay at least the minimum payment, preferrably the entire remaining balance, by the due date.  But making your payment by the due is not going to change the fact that they have already reported the balance that was printed on your bill. 

[GoodCredBen]

I understand that. 

I will always pay off before the due date  

[john398]

Also with Capital One you can pick your own due date on the web so if a paticular date of the month is better you can change that yourself, however it does take a billing cycle to update

[GoodCredBen]

thats great!

In 6 months they bumped my fiance's credit limit from 500 - 1250! .... crazy

[nuggets321]

Are those really your scores ? And  they approved you with those numbers ? WOW..... I would make heavy use of that card , especially with the intro finance rate, you may be on to something good with them I would run with them for all its worth.....

[GoodCredBen]

I defaulted on two cards with them not but almost 4 years ago, and yes they still approved me ... LOL... crazy huh? 

I want to show them and anyone else who looks at my report that even though i have avail credit, i am not abusing it. 

In addition i am not getting the card to have the credit available, i am getting it to rebuild my credit...

And yes, those are my lender pulled scores lol.