I have a BCP that had the first year's AF waived so this will be my first time paying the fee. My 13th statement will close on Feb 19th and based on my search of previous posts I'm sure it's coming (received the expected message on my previous statement), but am unsure whether it will l post as that statement cuts (effectively making this upcoming statement close $95 higher than the actual spend would be), or post just immediately after the statement cut time and effectively be the 1st transaction for the new statement period (preferable IMO). Any clarification would be appreciated.
I just had my BCP AF hit. I didn't know it was coming, I paid my account off 2 days before cut off to have a 0 bal due. It dropped on the last day of the statement cut date. So I had a $95 Balance when my billing statement closed.
It lands on the last day of your billing cycle, Not sure if early or late in the day, but definitely last day of the billing cycle.
It appears as a fee for the statement due.
Closing balance
- payments/credits
+ New charges
+ New cash advances
+ Fees (af)
+ Interest
= Total amount due by next due date
In my case, January bill due 2/14. Af billed 2/17 for February bill. Shows as a fee due 3/14.
Thanks for the info @Brian_Earl_Spilner @Openwater . This is kind of what I expected, but something I find inherently wrong on principle at the same time. For me in this case it doesn't matter all that much since I'm currently letting my BCP report a balance (I'm letting 2/5 report and BCP is currently one of them). The problem I have with it is posting as the statement closes effectively making it so you can't have the card report 0 in the cycle the AF hits. IMO, it should post at the beginning of a cycle (just after the previous statement close) so that you can control whether the card reports a balance at statement closing
@Zoostation1 wrote:The problem I have with it is posting as the statement closes effectively making it so you can't have the card report 0 in the cycle the AF hits. IMO, it should post at the beginning of a cycle (just after the previous statement close) so that you can control whether the card reports a balance at statement closing
I know you mentioned it's okay if this card posts with a balance this time; but what I've done in the past is to push a payment of the AF from my bank using billpay, to the CC which results in a credit balance so that when the AF posts and statement custs, it results in $0 bal due for the next month.... something to think about for the the future.
On a related note: Let's say you wanted to downgrade to a non-AF card. Do you wait until the AF posts and then ask, or ask after 12 months + 1 day to avoid a claw back of the SUB?
@gorgon wrote:On a related note: Let's say you wanted to downgrade to a non-AF card. Do you wait until the AF posts and then ask, or ask after 12 months + 1 day to avoid a claw back of the SUB?
You would wait until the new statement to ensure there was no clawback. You'll receive a prorated refund depending on when you downgraded. That doesn't mean you can't do it within the first 30 days after it posts, but people are paranoid. Even if they didn't clawback the SUB, they could block you from future SUBs.
@Zoostation1 wrote:I have a BCP that had the first year's AF waived so this will be my first time paying the fee. My 13th statement will close on Feb 19th and based on my search of previous posts I'm sure it's coming (received the expected message on my previous statement), but am unsure whether it will l post as that statement cuts (effectively making this upcoming statement close $95 higher than the actual spend would be), or post just immediately after the statement cut time and effectively be the 1st transaction for the new statement period (preferable IMO). Any clarification would be appreciated.
In my experience they add it to the statement at the last minute.
@jojo79Good suggestion, but I'm not set up to do bill pay via my bank so can't do push payments currently (not sure how long it would take to get it set up but for this go around I've planned for it posting). Since only 2 of my 5 cards have an AF and one is always reporting a balance being my highest limit. I'll probably just plan on this card being my second card reporting next go around again.