topic Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!! in Credit Cards

CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

percy81 — Mon, 14 May 2012 20:09:20 GMT

Hello everyone, I need some pointers. I have capital one card - got the card when I was a newbie- i've been analyzing my statements after noticing every month on my credit report it ALWAYS showing 3.02 when I NEVER USE the card. I only like one card to report a balance each month...so with that I alternate between my chase and my discover because they treat me very good.

Now, I have come to notice that capital ALWAYS post my member fee of $3.00 and .02 protection plan fee on the EXACT day each month which is the statement date!! I have some people tell me to have my bank force a payment through to have it prepaid, but that seems too easy...

Should I call them and ask them to switch the fee posting date from the statement closing date or just close the damn account haha

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 20:21:07 GMT

@lisamar81 wrote:
Hello everyone, I need some pointers. I have capital one card - got the card when I was a newbie- i've been analyzing my statements after noticing every month on my credit report it ALWAYS showing 3.02 when I NEVER USE the card. I only like one card to report a balance each month...so with that I alternate between my chase and my discover because they treat me very good.

Now, I have come to notice that capital ALWAYS post my member fee of $3.00 and .02 protection plan fee on the EXACT day each month which is the statement date!! I have some people tell me to have my bank force a payment through to have it prepaid, but that seems too easy...

Should I call them and ask them to switch the fee posting date from the statement closing date or just close the damn account haha

That actually is the approach which would solve your problem. Nice when the solution's easy, isn't it?

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 20:24:08 GMT

Or just have that be the card that reports the balance each month.

Keep all the others at 0.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 20:25:56 GMT

Just push a payment from your bank like 10 days before statement cuts

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 20:28:43 GMT

Drop the protection plan.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 20:43:37 GMT

Ask to drop the protection plan and pay your annual fee in one payment instead of spread out.

It will probably take you a couple calls and a couple statements to get it ironed out.

OR, there's the force a payment from your bank option.

Or, if you have plenty of other accounts, just close it.

I intentionally picked rebuilding cards that didn't have an annual fee because I plan to keep them longterm with minimal usage to keep them open. My husband though didn't make that choice and a couple of his cards have annual fees. So it leads to the debate of whether or not it's worth it to keep them open. I'm leaning towards no on his Capital One Platinum as it's been at $300 for a long time. Though, we're going to wait until all his accounts are at least two years old before closing that one. So, another year of paying the annual fee.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

percy81 — Mon, 14 May 2012 20:45:21 GMT

@Anonymous wrote:
Or just have that be the card that reports the balance each month.
Keep all the others at 0.

Yes, but that would let them win!! I want chase or discover to post

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 20:47:28 GMT

@lisamar81 wrote:
Hello everyone, I need some pointers. I have capital one card - got the card when I was a newbie- i've been analyzing my statements after noticing every month on my credit report it ALWAYS showing 3.02 when I NEVER USE the card. I only like one card to report a balance each month...so with that I alternate between my chase and my discover because they treat me very good.

Now, I have come to notice that capital ALWAYS post my member fee of $3.00 and .02 protection plan fee on the EXACT day each month which is the statement date!! I have some people tell me to have my bank force a payment through to have it prepaid, but that seems too easy...

Should I call them and ask them to switch the fee posting date from the statement closing date or just close the damn account haha

Why are you paying a monthly fee on a card you don't use. The smart move would be to close it.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

percy81 — Mon, 14 May 2012 20:47:37 GMT

@Anonymous wrote:
Ask to drop the protection plan and pay your annual fee in one payment instead of spread out.

It will probably take you a couple calls and a couple statements to get it ironed out.

OR, there's the force a payment from your bank option.

Or, if you have plenty of other accounts, just close it.

I intentionally picked rebuilding cards that didn't have an annual fee because I plan to keep them longterm with minimal usage to keep them open. My husband though didn't make that choice and a couple of his cards have annual fees. So it leads to the debate of whether or not it's worth it to keep them open. I'm leaning towards no on his Capital One Platinum as it's been at $300 for a long time. Though, we're going to wait until all his accounts are at least two years old before closing that one. So, another year of paying the annual fee.

Yeah, I want my other cards to reach atleast 2 years before closing it out. It just annoys me to no end when they try and be sneaky.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 20:58:39 GMT

By posting the fee on the last day of the cycle, they are minimizing interest charges for anyone who is carrying a balance. I think this is more important to most customers than your utilization games.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

percy81 — Mon, 14 May 2012 21:10:32 GMT

@Anonymous wrote:
By posting the fee on the last day of the cycle, they are minimizing interest charges for anyone who is carrying a balance. I think this is more important to most customers than your utilization games.

Please forgive me, but you lost me on that comment.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

Anonymous — Mon, 14 May 2012 22:27:30 GMT

@lisamar81 wrote:
@Anonymous wrote:
By posting the fee on the last day of the cycle, they are minimizing interest charges for anyone who is carrying a balance. I think this is more important to most customers than your utilization games.

Please forgive me, but you lost me on that comment.

I think you have to overpay through bill pay or by check if you want to show a $0 balance which is your goal.

However, I think Capital One practice of posting fee on the last day saves money for customers who carry a balance so I give them credit for that. I think saving money for customers is more important than making it easier to control your statement balance to the penny. Just an opinion.

Re: CAPITAL ONE CUSTOMERS, HELP ME OUT SMART THEM!!!

injustifiiable — Tue, 15 May 2012 00:02:55 GMT

In Soviet Russia, Capital One outsmart you!