topic Secured Capital One Utilization in Credit Cards

Secured Capital One Utilization

Kable — Wed, 02 Feb 2011 21:02:14 GMT

I want to keep my utilization at 7 percent. I got this message:

Your payment due date is February 28, 2011, and your billing cycle date
is February 3, 2011. You can make a payment at any time prior to your
payment due date. You can change your payment due date at any time to
be more convenient for you

So this mean I need to have my bill paid by ?? to keep my utilization at 7 percent?

Re: Secured Capital One Utilization

haulingthescoreup — Wed, 02 Feb 2011 21:15:06 GMT

@Kable wrote:
I want to keep my utilization at 7 percent. I got this message:

Your payment due date is February 28, 2011, and your billing cycle date
is February 3, 2011. You can make a payment at any time prior to your
payment due date. You can change your payment due date at any time to
be more convenient for you

So this mean I need to have my bill paid by ?? to keep my utilization at 7 percent?

Pay today, since your statement is due to drop tomorrow. I don't know if Cap One credits immediately, but if they do, that will do the trick. Pay attention to the pop-up box when you pay online. It might say something like "Your account is credited immediately. However, it might take several days for the new balance to show, and for the payment amount to appear on your bank statement." Or whatever.

If they credit immediately, don't sweat any delay in seeing the new numbers show up. That's very common.

No idea what your balance is or CL, so you'll have to figure how much to pay.

Out of curiosity, why are you trying to have it report 7%? (as opposed to 1% or 0% or 9% or whatever)

Re: Secured Capital One Utilization

Anonymous — Wed, 02 Feb 2011 21:16:20 GMT

You want to make sure you pay it in full the day before your statement cuts which is usually a few days after your due date...

Re: Secured Capital One Utilization

MarineVietVet — Wed, 02 Feb 2011 21:22:13 GMT

Here are the time tables for paying Cap 1:

Credit Card Payment Posting Timeframes

Payment submitted on

Posts to account

Funds available

Monday-Saturday

before

5:00 p.m ET
(2:00 p.m PT)

Same day by midnight

The day after the payment posts
by 8:00 a.m ET (5:00 a.m PT)*

Monday-Friday

after

5:00 p.m ET
(2:00 p.m PT)

Next day by midnight

Saturday

after

5:00 p.m ET
(2:00 p.m PT)

Next business day by midnight

Sunday

anytime

Next business day by midnight **

Payments are not processed or posted Thanksgiving Day or Christmas Day.

*The availability of funds may be delayed at Capital One's sole discretion to ensure payment in good funds.

** If your payment due date falls on Sunday, Thanksgiving, or Christmas and you schedule a payment on that date, then your payment will be considered on time.

Re: Secured Capital One Utilization

vish1 — Wed, 02 Feb 2011 21:22:25 GMT

If you want to keep your utilization low, the best way is to pay as soon as the transactions post.

Re: Secured Capital One Utilization

Kable — Wed, 02 Feb 2011 22:02:38 GMT

I just got this card a few days ago and used it once. It doesn't say i have a due date or anything yet, Im guessing since i have only had it for a few days.

Everyone talks about 9 percent and my favorite number is 7 so i just went with it.

Re: Secured Capital One Utilization

FicoGuy2019 — Thu, 03 Feb 2011 00:05:39 GMT

It's not going to show yet. Call capone and ask them when your billing cycle is.

Re: Secured Capital One Utilization

vish1 — Thu, 03 Feb 2011 02:02:58 GMT

@DB28 wrote:
It's not going to show yet. Call capone and ask them when your billing cycle is.

Billing cycle is in his first post