topic Re: Cap1 billing question on my CC in Credit Cards

Cap1 billing question on my CC

Duncanrr — Thu, 24 Jan 2013 04:25:33 GMT

Forgot I had a $14.95 charge on my Cap1 card. I paid it tonight but it was after 5:00 pm so the payment will be processed tomorrow. My statement cuts tomorrow (1/24/13). So the question is what balance will my card report? $14.95 or Zero!

Kicking myself for not checking this sooner but I didnt think I had any charges on the card (I had PIF the card about 8 days ago and hadnt used it since.)

Re: Cap1 billing question on my CC

ilovelisa — Thu, 24 Jan 2013 04:28:38 GMT

@Duncanrr wrote:
Forgot I had a $14.95 charge on my Cap1 card. I paid it tonight but it was after 5:00 pm so the payment will be processed tomorrow. My statement cuts tomorrow (1/24/13). So the question is what balance will my card report? $14.95 or Zero!

Kicking myself for not checking this sooner but I didnt think I had any charges on the card (I had PIF the card about 8 days ago and hadnt used it since.)

I would think it would report as $14.95 because the payment was not processed before the statement.

Re: Cap1 billing question on my CC

visorboy1974 — Thu, 24 Jan 2013 04:29:30 GMT

As long as the statement cuts after business tomorrow, it'll be $0.

Re: Cap1 billing question on my CC

ilovelisa — Thu, 24 Jan 2013 04:29:58 GMT

@ilovelisa wrote:
@Duncanrr wrote:
Forgot I had a $14.95 charge on my Cap1 card. I paid it tonight but it was after 5:00 pm so the payment will be processed tomorrow. My statement cuts tomorrow (1/24/13). So the question is what balance will my card report? $14.95 or Zero!

Kicking myself for not checking this sooner but I didnt think I had any charges on the card (I had PIF the card about 8 days ago and hadnt used it since.)
I would think it would report as $14.95 because the payment was not processed before the statement.

Although, if they cut the statement at 5 tomorrow, but process your payment before that then it should be 0.

Re: Cap1 billing question on my CC

CribDuchess — Thu, 24 Jan 2013 04:30:00 GMT

Hmmmm.....I swear this happened to me once a few months back and I ended up with a zero balance on my statement. Of course, this is Cap One we're talking about, so obviously YMMV.

Re: Cap1 billing question on my CC

Anonymous — Thu, 24 Jan 2013 04:33:30 GMT

My bet is Zero.

Re: Cap1 billing question on my CC

Duncanrr — Thu, 24 Jan 2013 04:33:43 GMT

Thanks for the replies. I hope its zero. I have higher than normal UTIL (about 30% on my NFCU - 8.4k balance and 14% on Walmart Discover - 700 balance) and I'm trying to keep my other cards in check while I pay off my holiday/remodel spending.

Re: Cap1 billing question on my CC

nicholasyud — Thu, 24 Jan 2013 04:35:13 GMT

@Duncanrr wrote:
Forgot I had a $14.95 charge on my Cap1 card. I paid it tonight but it was after 5:00 pm so the payment will be processed tomorrow. My statement cuts tomorrow (1/24/13). So the question is what balance will my card report? $14.95 or Zero!

Kicking myself for not checking this sooner but I didnt think I had any charges on the card (I had PIF the card about 8 days ago and hadnt used it since.)

Maybe set up an auto paid for CApital One then you wont forgot Duncanrr......But what really matter thou ??? I know you wont apply for anything for awhile from now right ??? give MY BUDDIE CAPITAL ONE a break lolll

Re: Cap1 billing question on my CC

Duncanrr — Thu, 24 Jan 2013 04:40:28 GMT

@nicholasyud wrote:
@Duncanrr wrote:
Forgot I had a $14.95 charge on my Cap1 card. I paid it tonight but it was after 5:00 pm so the payment will be processed tomorrow. My statement cuts tomorrow (1/24/13). So the question is what balance will my card report? $14.95 or Zero!

Kicking myself for not checking this sooner but I didnt think I had any charges on the card (I had PIF the card about 8 days ago and hadnt used it since.)
Maybe set up an auto paid for CApital One then you wont forgot Duncanrr......But what really matter thou ??? I know you wont apply for anything for awhile from now right ??? give MY BUDDIE CAPITAL ONE a break lolll

No apping. I just got BCP and Discover It. I have some higher than normal UTIL and wanted to control my other posted balances while I pay off the other two cc's.

P.s. can you setup a Autopayment to PIF a day before your statement cuts?

Re: Cap1 billing question on my CC

ceemee2203 — Thu, 24 Jan 2013 05:34:40 GMT

@Duncanrr wrote:

P.s. can you setup a Autopayment to PIF a day before your statement cuts?

Not from your bank. They use the statement to get the amount to pay. If it's an autopayment, you can set your bank to pay the same amount on the same day the charge hits your card, that's what I do. Sometimes the payment clears before the charge even hits though.

Re: Cap1 billing question on my CC

kobe2012 — Thu, 24 Jan 2013 05:36:29 GMT

I'm 100% sure it would be $0

Re: Cap1 billing question on my CC

SnackTrader — Thu, 24 Jan 2013 23:31:52 GMT

I have an autopayment set up for Cap1 every month before my due date.

Also, I think it will report $0 as well. The statement seems to cut at the end of that last business day. Or at least it has in the minimal amount of time I have paid attention.

Re: Cap1 billing question on my CC

Duncanrr — Mon, 28 Jan 2013 18:12:29 GMT

Statement was finally available online. It did in fact show the ZERO balance, HURRAY!

Out of my 10 cards, I'll only have two (Walmart Discover and NFCU) cards that will report a balance. NFCU will have total UTIL of 32% and Walmart will be 14%. My total UTIL will be around 15%. Next month I'll have total UTIL below 10% and my NFCU will be under 30%. (I still have my Discover It that hasnt generated its first statement so that CL isnt helping my UTIL right now.

Re: Cap1 billing question on my CC

WallyxD — Mon, 28 Jan 2013 18:24:30 GMT

@Duncanrr wrote:
Forgot I had a $14.95 charge on my Cap1 card. I paid it tonight but it was after 5:00 pm so the payment will be processed tomorrow. My statement cuts tomorrow (1/24/13). So the question is what balance will my card report? $14.95 or Zero!

Kicking myself for not checking this sooner but I didnt think I had any charges on the card (I had PIF the card about 8 days ago and hadnt used it since.)

I also have a Capone card and if I remember correctly, if you pay after 5:00 pm, the payment will be processed midnight of the next day. I'm not sure what time the statement cuts though.