AZEO

[Anonymous]

So with my cap one card I wanna pay down my balance before the statement cut. So if I'm understand correctly paying before my statement cuts means I pay the balance off the next day or so?

[K-in-Boston]

Paying before the statement cut date would be paying prior to the date your statement is generated. If your statement period is from February 15 to March 14, you would want to pay all new charges since February 15th before your statement is generated on March 14th and ensure that there are no new charges posting between your payment and the statement closing. No need to pay every single charge immediately in order to get your statement to $0.

[Anonymous]

Thank you! And nice card collection.

[Anonymous]

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@Anonymouswrote:
So with my cap one card I wanna pay down my balance before the statement cut. So if I'm understand correctly paying before my statement cuts means I pay the balance off the next day or so?

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For Capitalone statement cut is three days after your due date. Just how they do it. 

[mspenny]

<img src="http://i.imgur.com/24xvV.png" border="0" title="Gold Garden Club Member" width="40" height="40" align="right">

I used to think that I had to pay as soon as the statement cut. Now I've learned to pace myself (and spare my sanity and bank account) because I essentially have an entire month to pay to 0 as long as it's before the next statement is generated.

[Anonymous]

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@mspennywrote:

I used to think that I had to pay as soon as the statement cut. Now I've learned to pace myself (and spare my sanity and bank account) because I essentially have an entire month to pay to 0 as long as it's before the next statement is generated.

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Hi MSP!  If a person is trying to implement AZEO, then she needs to pay to zero before the statement cut.

If the person is not trying to implement AZEO, and simply wants to avoid paying interest, then she has (as you point out) more time (typically about 25 days after the statement prints).  But she does not have to pay to zero.  She just needs to pay whatever balance was on the last statement.   Paying to zero isn't needed (unless her current balance is the samething as the last statement balance).

That's just an FYI in case it wasn't clear.