cancel
Showing results for 
Search instead for 
Did you mean: 

QS1 PIF & balance on statement date

tag
_NERD
Established Contributor

Re: QS1 PIF & balance on statement date

On chat with cap 1 now. Theyre waiving the interest charge but clearly that wasn't my panic. Going to see if they can zero out the balance on my CRs. I'll go the EO route if needed.  The Account Specialist also reset my grace period immediately.  Gemini was right on the money. Thank you!!!

 

Account Specialist 

02:09 PM

Yes, I have already waived the interest charge and reset the grace period so that there won't be any interest charge on your next statement 

 

Account Specialist

02:09 PM

The amount in question is interest that is owed on an unpaid balance from the time between when Capital One calculates the balance due and sends a statement, to the time the balance is paid and we process the payment (i.e., Capital One continues to charge interest after the statement is sent to the customer until the customer pays the account in full, including this interest).

 

Account Specialist

02:10 PM

Interest charges are calculated from the average daily balance for the billing cycle and not the balance at the end of the month.

 

Account Specialist

02:10 PM

A customer who always pays off their entire purchase balance  amount listed on their statement by their due date and is not carrying any other  on their account such as a cash advance will not pay interest.

 

_NERD

02:10 PM

Now I understand


3B profile optimization in progress...
Message 11 of 11
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.