This month, I mailed in a check for half of the balance on the 7th - 2 days before the payment deadline. Mysteriously, they didn't credit my account until the 13th.I'm not sure it's that mysterious -- from the 7th to the 13th was across a weekend, leaving three business days in between both for the mail to be delivered and for them to process your payment. That's cutting it quite closely.Different credit cards may have slightly different policies regarding giving you a break on a late payment, but I'm sure that all the major issuers would kick you up to a penalty interest rate and charge late fees for three late payments in a row.As long as you're being aggressive with your cash flow management, I'd recommend planning to pay a week or so earlier in your cycle. Remember that almost all the major card issuers will change your billing cycle for you if you think a different time in the month would be more convenient.By the way, I've never been a customer of Capital One and I've never felt very comfortable with them, but in this instance I'm not sure any of the major issuers would do any differently.-- Mark
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