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

[percy81]

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

[tinuviel]

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@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

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

[Anonymous]

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

Keep all the others at 0.

[john398]

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

[Anonymous]

Drop the protection plan.

[JenniferinFL]

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.

[percy81]

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@Anonymous wrote:

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

Keep all the others at 0.

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

[Anonymous]

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@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

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

[percy81]

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@JenniferinFL 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.

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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.

[Anonymous]

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.