Reply
Established Contributor
AndyK
Posts: 913
Registered: ‎06-09-2011
0

Re: Capital one?

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.

EQ 679 FICO (02/24/2012)
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)

Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700
Valued Contributor
GoodCredBen
Posts: 1,540
Registered: ‎10-25-2011
0

Re: Capital one?

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. 

----- IF you find my post helpful, Select the star in the KUDOS button! :smileyhappy:
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250
Established Contributor
AndyK
Posts: 913
Registered: ‎06-09-2011
0

Re: Capital one?

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.

EQ 679 FICO (02/24/2012)
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)

Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700
Valued Contributor
GoodCredBen
Posts: 1,540
Registered: ‎10-25-2011
0

Re: Capital one?

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

 

Very nice :smileyvery-happy: 

----- IF you find my post helpful, Select the star in the KUDOS button! :smileyhappy:
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
0

Re: Capital one?


benjamin_vanskike wrote:

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

 

Very nice :smileyvery-happy: 


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. 


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Valued Contributor
GoodCredBen
Posts: 1,540
Registered: ‎10-25-2011
0

Re: Capital one?

I understand that. 

 

I will always pay off before the due date :smileyvery-happy: 

----- IF you find my post helpful, Select the star in the KUDOS button! :smileyhappy:
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250
Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
0

Re: Capital one?

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

Valued Contributor
GoodCredBen
Posts: 1,540
Registered: ‎10-25-2011
0

Re: Capital one?

thats great! :smileyhappy:

 

 

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

----- IF you find my post helpful, Select the star in the KUDOS button! :smileyhappy:
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250
Frequent Contributor
nuggets321
Posts: 344
Registered: ‎03-25-2011
0

Re: Capital one?

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.....

TU-717 (MYFICO) EQ- 696(MYFICO) EXP 711(Amex denial letter)
My Wallet : Dicover More 10,000 CL / Amex Zync NPSL / WellsFargoRewards3800 / -CapOne 3000CL / GEMBWalMart 5000CL / Zales 4000CL-Kays 2900--Macys 3000CL /SSFCU 5000CL / CitiBank Plat Select 3000CL / CHASE Freedom 1300CL / Lowes 10,000 CL / BBuyStoreCard 5000CL Sears Store Card (Citi) 3000 / Firestone CFNB 1400 Toyota Financial $35,000 Auto /2200DiscountTire(GECRB) Citi TY Preferred 6500CL / Chase Slate$4000/BofA2500/ToyotaRewardsVisa$6500BofA$6500
Valued Contributor
GoodCredBen
Posts: 1,540
Registered: ‎10-25-2011
0

Re: Capital one?

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. 

----- IF you find my post helpful, Select the star in the KUDOS button! :smileyhappy:
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}