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Capital one annual fee Reporting

bucsbrady941
Member

Capital one annual fee Reporting

I just got off the phone with capital one in attempt to waive an upcoming annual fee. My concern is capital one annual fee doesnt post until the day the statement closes. I am in the process of closing on a house and DO NOT want this reporting a balance. But the agent told me they cannot waive the fee until it post..

 

anyone have any ideas?

4 REPLIES 4
BrutalBodyShots
Super Contributor

Re: Capital one annual fee Reporting

How about making a payment in the amount of the AF, which will bring your account negative in the amount of the AF.  If it hits, your account will come up to $0 and report $0.  If it doesn't hit, your account will be negative the AF amount and still report $0 and Cap One will send you a check in the mail for the negative amount.

Message 2 of 5
SecretAzure
Valued Contributor

Re: Capital one annual fee Reporting


@BrutalBodyShots wrote:

How about making a payment in the amount of the AF, which will bring your account negative in the amount of the AF.  If it hits, your account will come up to $0 and report $0.  If it doesn't hit, your account will be negative the AF amount and still report $0 and Cap One will send you a check in the mail for the negative amount.


This is a great idea! 

 

Alternatively, ask to PC the card to a card with no AF. 

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Message 3 of 5
thornback
Senior Contributor

Re: Capital one annual fee Reporting


@BrutalBodyShots wrote:

How about making a payment in the amount of the AF, which will bring your account negative in the amount of the AF.  If it hits, your account will come up to $0 and report $0.  If it doesn't hit, your account will be negative the AF amount and still report $0 and Cap One will send you a check in the mail for the negative amount.


^^ This.   You may have to push a payment through your bank's bill pay service tho, @bucsbrady941 -- I'm not sure of CapOne's policy for paying over the amount due - they may not allow you to do so from their website but you get around that with a push from an external account. 

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Message 4 of 5
bucsbrady941
Member

Re: Capital one annual fee Reporting

Thanks guys and good call @thornback on the bill pay. Capital one doesn't let you make any payments if you dont have a balance, so I set up the bill pay. We will see what happens.

Message 5 of 5
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