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When to pay off card?

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    When to pay off card?

    I got a Cap One card a couple weeks ago and used it for some misc things, it also has the Annual fee tacked on it. Question is, when should i pay it off? I know by the end of the month but without incurring interest. Should I just pay it off now? As soon as I use it, pay it? Or is there a benefit to waiting a bit?

    #2
    Pay it the day you get the bill in the mail. If you are getting the bill online only, pay it the day you get the email that your bill is ready.

    They want you to wait til the last minute to pay it and then they will wait a couple of days to credit your payment, trying to make your payment to them late.
    Filed Chapter 7 July 2010
    Attended 341 September 2010
    Discharged November 2010 Closed November 2010

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      #3
      Originally posted by keepinitreal View Post
      Pay it the day you get the bill in the mail. If you are getting the bill online only, pay it the day you get the email that your bill is ready.

      They want you to wait til the last minute to pay it and then they will wait a couple of days to credit your payment, trying to make your payment to them late.
      Will that incur interest if I wait until then?

      Comment


        #4
        Originally posted by cory1848 View Post
        Will that incur interest if I wait until then?
        No, as long as you paid the entire balance off the previous month and you will now pay the entire new current balance off before the next due date, it will not incur interest.
        Filed Chapter 7 July 2010
        Attended 341 September 2010
        Discharged November 2010 Closed November 2010

        Comment

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