Yes that is correct. Pay $200 before the due date and your good to go. You can use the card after (even if the due date hasnt passed) and whatever you swipe will go on the next statement bill.
Edit: Im lost at the I redeem $50 of statement credit on my account the next day. part so ignore my post as im sure you already kno the basics 
@Anonymous wrote:Yes that is correct. Pay $200 before the due date and your good to go. You can use the card after (even if the due date hasnt passed) and whatever you swipe will go on the next statement bill.
Edit: Im lost at the I redeem $50 of statement credit on my account the next day. part so ignore my post as im sure you already kno the basics
Lol thanks.
Just talked to a cap one rep. Man are they hella chill. Was joking around with two of them today, they really know how to be friendly with customers 
@Anonymous wrote:
@Anonymous wrote:Yes that is correct. Pay $200 before the due date and your good to go. You can use the card after (even if the due date hasnt passed) and whatever you swipe will go on the next statement bill.
Edit: Im lost at the I redeem $50 of statement credit on my account the next day. part so ignore my post as im sure you already kno the basics
Lol thanks.
Just talked to a cap one rep. Man are they hella chill. Was joking around with two of them today, they really know how to be friendly with customers
Maybe they live out west where a smoke break has a different meaning. 
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:Yes that is correct. Pay $200 before the due date and your good to go. You can use the card after (even if the due date hasnt passed) and whatever you swipe will go on the next statement bill.
Edit: Im lost at the I redeem $50 of statement credit on my account the next day. part so ignore my post as im sure you already kno the basics
Lol thanks.
Just talked to a cap one rep. Man are they hella chill. Was joking around with two of them today, they really know how to be friendly with customers
Maybe they live out west where a smoke break has a different meaning.
Hahahha yes one was from provo -- he talked to me about moving across the country, other one i didn't get his location because we were too busy having fun lol.
Just another 'data point'... in your example everything would work out fine, since your payment combined with the statement credit would effectively PIF the account.
However, with most lenders (actually, every lender I've got) a statement credit alone can't be used to satisfy your minimum payment. For example, if your balance was $200 with a $35 minimum payment and you got a statement credit for $50, you would still have to make a payment even though the statement credit was for more than your minimum required payment amount.
If you had a statement credit that was exactly for the amount of your bill for a month (with no additional amount due to PIF) , in theory it should 'cancel out', but in this case I would still call to make sure everything had processed correctly. An ounce of prevention is worth a pound of cure...
It could be there would be no problem at all, but to me it's much easier to just check in advance if you ever find yourself in that situation (or if you're ever in doubt with a different lender).
@UncleB wrote:Just another 'data point'... in your example everything would work out fine, since your payment combined with the statement credit would effectively PIF the account.
However, with most lenders (actually, every lender I've got) a statement credit alone can't be used to satisfy your minimum payment. For example, if your balance was $200 with a $35 minimum payment and you got a statement credit for $50, you would still have to make a payment even though the statement credit was for more than your minimum required payment amount.
If you had a statement credit that was exactly for the amount of your bill for a month (with no additional amount due to PIF) , in theory it should 'cancel out', but in this case I would still call to make sure everything had processed correctly. An ounce of prevention is worth a pound of cure...
It could be there would be no problem at all, but to me it's much easier to just check in advance if you ever find yourself in that situation (or if you're ever in doubt with a different lender).
Hmm, what if statement balance was $35 and minimum balance is $35 (not sure if this is possible?)
Would statement credit be considered as payment?
@Anonymous wrote:
@UncleB wrote:Just another 'data point'... in your example everything would work out fine, since your payment combined with the statement credit would effectively PIF the account.
However, with most lenders (actually, every lender I've got) a statement credit alone can't be used to satisfy your minimum payment. For example, if your balance was $200 with a $35 minimum payment and you got a statement credit for $50, you would still have to make a payment even though the statement credit was for more than your minimum required payment amount.
If you had a statement credit that was exactly for the amount of your bill for a month (with no additional amount due to PIF) , in theory it should 'cancel out', but in this case I would still call to make sure everything had processed correctly. An ounce of prevention is worth a pound of cure...
It could be there would be no problem at all, but to me it's much easier to just check in advance if you ever find yourself in that situation (or if you're ever in doubt with a different lender).
Hmm, what if statement balance was $35 and minimum balance is $35 (not sure if this is possible?)
Would statement credit be considered as payment?
If it were me - and I had that exact situation - I would take the statement credit, then call to make sure a payment wasn't still due.
It might be that you'd be fine... but if they go by the exact wording, most of mine explicitly state that a statement credit can't be used to satisfy a minimum payment. I realize there's some 'wiggle room' there since in your hypothetical situation the credit would cover the entire balance, but I wouldn't leave my payment history up to "woulda/shoulda" scenarios. It's just too simple to make a call to be sure everything was processed correctly.
That being said, this is why I always have them send me a check... it takes a week or so, but I can use the money for anything I please, including making a minimum payment if in a pinch.
@Anonymous wrote:This is hypothetical, right? Your current qs is under 0% promo I would assume?
Well the numbers aren't, but I'm in a similar situation. I PIF nonetheless. Just wondering how it would play out.
PC'd Journey to QS within 1 month. No 0% offer. (Sadly 
)