Capital One Manual Payment Question

Coffeesurfers

Up until recently have been paying my capital one credit card balance by monthly direct debit. 

However this had become annoying, as it takes several working days from the direct debit being taken, to the funds being available for use.

I called customer services earlier and they informed me that if you do a direct transfer from your bank, funds are available in 2 hours. I did a test and low and behold yup, x2 hours later I had access to the funds from my transfer. 

Here's my question to the forum... 

...  My current statement payment date is 4th January, however I have just paid the full statement balance manually, by bank transfer.

For arguments sake, if I were to use these funds as soon as they become available on the capital one card...

... When the 4th of January statement due date rolls by, what would happen? 

Presumably as soon as capital one receive the full statement balance, the due date will be reset, regardless of whether I re use the funds I have just paid? 

born_again

So long as funds are there before statement due date everything is fine.
So always better to pay a few days in advance in case of issues with payments system not working. As a back up, leave DD on minimum amount. Saves getting any fee's for non payment should you forget... Yes it does happen a lot...

MrFrugalFever

Coffeesurfers said:

Up until recently have been paying my capital one credit card balance by monthly direct debit. 

However this had become annoying, as it takes several working days from the direct debit being taken, to the funds being available for use.

I called customer services earlier and they informed me that if you do a direct transfer from your bank, funds are available in 2 hours. I did a test and low and behold yup, x2 hours later I had access to the funds from my transfer. 

Here's my question to the forum... 

...  My current statement payment date is 4th January, however I have just paid the full statement balance manually, by bank transfer.

For arguments sake, if I were to use these funds as soon as they become available on the capital one card...

... When the 4th of January statement due date rolls by, what would happen? 

Presumably as soon as capital one receive the full statement balance, the due date will be reset, regardless of whether I re use the funds I have just paid? 

It would see that you've made a payment towards the balance (presumably over the minimum) and therefore recognise that you have made a payment. Any transaction thereafter (using the additional funds) will then calculate towards next months statement - as you are referring to 'payment due date' not statement polled date.

Nasqueron

Cap One seem to be very poor then, all my DD are credited on the day (balance comes down) and shown on the next day - Barclays, NatWest, Lloyds, Halifax, M&S and Santander