CapOne - *Impossible* to report $0 balance??

[wvasweetness]

We got this card specifically for credit building, and yet it's impossible to get this card to a $0 balance for the statement date. Any input?

Monthly fee charged on the 13th. It must have charged right at midnight because at 10:30pm when I checked, balance was still $0.

Next morning - 14th - the balance was $5 (monthly fee). I paid immediately and got the confirmation that the posting date would be the 14th.

Payment actually posts on the 15th, which leaves a $5 balance reported to the 3 CBs. I need this card to report $0 for AZEO. But how? I can't schedule a payment when there's a $0 balance, but if I make the payment the same day the fee posts then it doesn't reflect by the statmwnt date. 

This is made more difficult by the nightmare-ish "moving target" CapOne statement dates.

Any input here??

[FinStar]

If the monthly fee is predictable (i.e. billed on the cycle date - which are now variable dates), pay it advance directly from your bank.  In other words, push the payment from your FI.

[HeavenOhio]

As another option to cover the fee, Capital One allows you to pull a payment that's 10% over your current balance. If you owe $50, you can pay them $55.

[pizza1]

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@FinStar wrote:

If the monthly fee is predictable (i.e. billed on the cycle date - which are now variable dates), pay it advance directly from your bank.  In other words, push the payment from your FI.

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@FinStar is right.  Also, to report a $0 balance...one must have a zero balance or a credit balance.  Push the $5 monthly fee from your bank to them. Since you know when its going to post, make sure you push the amount like 5 days before. 

[NRB525]

... or make the Capital One card the one card with a balance? Every other card gets paid to zero?

Why try to push a stone up a hill?

[silver_idle]

I dont recall any capone card having a monthly fee. It been many years since they had those type of cards so you could check to see if you can PC it to something without a fee. However, if youre fighting to get an AZEO, why not bring one of your other cards to $0? Also, you can pay 10% more when paying a balance so if you have $50, you can pay $55 (as another member stated). The other option would be to push payment from your bank account to capital one.

[Shooting-For-800]

Why does $5 matter?

You can pay up to 110% of your balance.

So if you charge $200, pay $220 and you will have a $20 credit before the $5 charge.

GL!

[Horseshoez]

@wvasweetness, I know this is contrary to the prevailing AZEO winds on this forum, but I wouldn't sweat a $5.00 balance; my bet is it won't make any difference at all in your scores.

[wvasweetness]

All good ideas and advice - thanks all! I'm going to try to make an overage payment next time and see what happens.

[Anonymous]

I agree with the others.  Just add $5 to your payment amount and you'll be covered every time.