Capital One Reward Credit Card Direct Debit Query

rehanmalik3030

nath27 wrote: »

I never ever use my debit card as I use my 2 cashback credit cards which I pay off in full every month.

I don't like the fact that it takes them so long to debit it from my account, especially as it doesn't free up more credit for me to earn more cashback. That is why it bothers me! And why I wish to make additional payments towards the direct debit.

As I said previously the cycle date determines the date the direct debit is taken, the payment due date and when the statement is printed. You cannot change one without effecting the others and the effect is equal. Everything is set by the cycle date! There is absolutely no way around it other than getting an increase in your credit limit BUT capitalone will not do this instead they will offer you a second card because they know now your simply in it for the cashback.

Kim_13

nath27 wrote: »

I only want to reset my limit a bit earlier than I normally would, because I haven't got a very high limit on the card...

I have only recently set the direct debit up, it's set to take the full balance.

I've made "early payments" 3 times now, hoping that they'd get annoyed at having to pay the debit card fee and raise my limit, but no cigar. Reading some older threads on here, it seems that they always used to raise the limit after the 4th statement but don't any more. Capital One aren't known for increases and it's looking like the only way to get one is to not clear the balance so that you end up paying them interest. Not that I want to do that.

So annoying with the low limits, I've read tips like don't spend more than 40% of your limit, but in my case, that'd mean I could only spend £200 in 2 months! I've got a higher limit on a catalogue I seldom use than on a credit card I use every month.