Capital One is Changing my Billing Cycle End Date, Ramifications for AZEO

[Guyatthebeach]

I'm at the point in my life where I don't worry doing the AZEO process anymore, but I can definitely understand how annoying it can be whe. You are used to the same statement cut off date.  I'm sure I will get my letter for my Capital One cards soon.

Guyatthebeach

[staticvoidmain]

At least they are sending a notice. Citi changed their formula this year and it took me at least half a year of data to figure out that they modified/added if-else conditions to Saturdays, Sundays, Mondays, and Tuesdays. (If X is Saturday, move to Friday, If X is Sunday, Monday, or Tuesday, move to Wednesday. X is due date minus 28 days).

[cr101]

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@staticvoidmain wrote:

At least they are sending a notice. Citi changed their formula this year and it took me at least half a year of data to figure out that they modified/added if-else conditions to Saturdays, Sundays, Mondays, and Tuesdays. (If X is Saturday, move to Friday, If X is Sunday, Monday, or Tuesday, move to Wednesday. X is due date minus 28 days).

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Citi posts the closing date in the portal, which is great. I wish that Synch did that. Can you confirm that the Citi date in the portal is always right? It takes the if-else conditions into consideration or does it just subtract x days from the due date? I tend to pay them day before statement cut since payments post the same day. Now, I'm nervous lol...If they knew how OCD we were about our credit, we'd probably be their best customers.

[Anonymous]

I also got this when my bill cut this month. What is AZEO? Should I be worried?

[OmarGB9]

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@Anonymous wrote:

I also got this when my bill cut this month. What is AZEO? Should I be worried?

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AZEO is All Zero Except One. It means paying off all credit cards except for one, and on that one you leave a small balance of <9% of the limit. And should you be worried about what?

Also, I too got this notice. Kinda annoying since I had all my due dates and statement dates down..

[staticvoidmain]

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@cr101 wrote:
Citi posts the closing date in the portal, which is great. I wish that Synch did that. Can you confirm that the Citi date in the portal is always right? It takes the if-else conditions into consideration or does it just subtract x days from the due date? I tend to pay them day before statement cut since payments post the same day. Now, I'm nervous lol...If they knew how OCD we were about our credit, we'd probably be their best customers.

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I needed future dates, not just the current cycle date. (I log and plan everything)

They are pretty accurate, based on my data since January of this year.

Synchrony is simple (Only moves when it falls on a Sunday):

=UPPER(TEXT(
    IF(WEEKDAY(DATE(CurrentYear,MONTH(K$24),DueDateSynchorny-23))=7,
        DATE(CurrentYear,MONTH(K$24),DueDateSynchorny-24),
        DATE(CurrentYear,MONTH(K$24),DueDateSynchorny-23)),
"MMM DD"))

And currently, Capital One (same day, no matter the number of says in a month. The formula obviously is not applicable if the statement date result is around 28th - 31st):

=UPPER(TEXT(DATE(CurrentYear,MONTH(K$4)-1,DueDateCapitalOne+3),"MMM DD"))

[cr101]

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@staticvoidmain wrote:

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@cr101 wrote:
Citi posts the closing date in the portal, which is great. I wish that Synch did that. Can you confirm that the Citi date in the portal is always right? It takes the if-else conditions into consideration or does it just subtract x days from the due date? I tend to pay them day before statement cut since payments post the same day. Now, I'm nervous lol...If they knew how OCD we were about our credit, we'd probably be their best customers.

---

I needed future dates, not just the current cycle date. (I log and plan everything)

They are pretty accurate, based on my data since January of this year.

Synchrony is simple (Only moves when it falls on a Sunday):

=UPPER(TEXT(
    IF(WEEKDAY(DATE(CurrentYear,MONTH(K$24),DueDateSynchorny-23))=7,
        DATE(CurrentYear,MONTH(K$24),DueDateSynchorny-24),
        DATE(CurrentYear,MONTH(K$24),DueDateSynchorny-23)),
"MMM DD"))

And currently, Capital One (same day, no matter the number of says in a month. The formula obviously is not applicable if the statement date result is around 28th - 31st):

=UPPER(TEXT(DATE(CurrentYear,MONTH(K$4)-1,DueDateCapitalOne+3),"MMM DD"))

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I should have known from your username. LOL. This is great. Thanks.

[Anonymous]

So Cap 1 is Changing the end date. Mine was always the 16th.... Now they said I'm supposed to take the day my payment is due (the 13th every month) and count back 25 days and that's how I'll figure it out. This will change month to month because some have more days that others. My problem is when I count it, do I count the actual payment due date? Using Dec 13th as payment date, what day would my statement close date be?? I was paying off before it cut but apparently I have been doing it wrong because when I applied for cli.... even though I cycled my limit twice every month I was paying and it reported 0 balance! I'm trying to get a hang on this game lol. Credit game has become a personal challenge for me! TYIA

[Anonymous]

Anyone?

[NoHardLimits]

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@Anonymous wrote:

Anyone?

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I'm sorry I don't have a definitive answer for you.  My plan would be to give myself a couple days of buffer time if I want to make certain that the statement will cut at zero.  We'll know for sure once people start receiving their November statements.