Question about Capital One and statement reporting...

[wndrwmn78]

My Capital One statements are always dated on the 4th, and this month I still have a $105 balance on it (don't worry, I paid on time). I meant to schedule a payment for today so that the balance would be $0 for reporting (they allow you to pay the balance plus 10%, so I'm sure it would have been $0 despite finance charges), but I got caught up and forgot to do it before 3pm, the cut-off time for it to post today.

If I schedule to pay it off tomorrow, will that payment post on the new statement? If the statement is dated for the 4th, does that mean in inlcudes all activity up to the 4th, or only up to the 3rd? If it's only the 3rd, I'll use the money toward another card this week.

Thanks!

[haulingthescoreup]

Have you checked the online site? Usually it will tell you.

You might have to start to make a payment and see if there's a message about your payment will be credited blah blah.

[wndrwmn78]

Once again hauling, you are absolutely correct.

I thought I had looked everywhere for the answer, but decided to look at my last statement again...and finally noticed that the date range was June 5th to July 4th. So I believe that a payment tomorrow would be included. Yay!

Okay, one more silly question...like I said, I'll be paying more than the balance to make sure I cover the finance charges. If by chance my balance were to report as below $0, would that have the same affect as a $0 balance in terms of my score, or would it count as the card having a balance? Or would they only report it as $0 even if it were negative? Do I even make sense?

Thank you again!

[haulingthescoreup]

Yep, they will report a negative balance (i.e., an overpayment, in which they owe you) as $0. It will count for your scores as $0.

One of my cards had a credit for around $90 last month, and it shows as $0 on my reports.