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
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