Credit Cards

[j_casteel]

Paid Cap1 in full on December 29th. Bill is due on January 13th. Statement cuts January 16th. Today I got hit with an interest charge.

I thought me PIF ~2 weeks before the due date and statement cuts should negate any interest charges?

[Croselx]

Some transactions have interest charged from the day they are made (like cash advances) maybe your transactions fell in one of these categories?

[j_casteel]

That makes since but haven't ever had a cash advance on there and the most recent charges were xbox live and myfico. Guess ill double check everything and then contact them.

[j_casteel]

Actually this wasn't the card I used on Xbox. The only thing purchased on this has been myfico. The last regular (store) purchase was 11/15/2012. I can only go back so far on my phone but there are no charges that I seem where interest should have starting accruing immediately. I have basically stopped using this card. Then I PIF in December with the hopes of just canceling it. I'll just call/chat with Cap1 and see what the deal is because I didn't see any purchase from last August to today that should have interest.

[j_casteel]

Figured it out....even though I usually PIF. I let a small amount report last month. So the agent said that it was accrued interest from 2 months ago.

Oh, well....I owe them ~$4 now. I will PIF and once the AF is about to hit in March I'm going to cancel the card anyways. 

[where-am-i]

Yea it ain't just about the most recent statement or charges. You have to watch out for the December statement as well. Make sure you paydown the whole amount from previous statement.

[Epcot]

Glad it was something simple. Always a good feeling to PIF!

[nicholasyud]

Capital One good at charge interest with cash advance and such thing so please double no triple check your bill every months for some weirdo interest charge