Jeff H
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Yes they can and as you found out ... will.
Make sure you make a full payment on the new bill even if they reverse the fee. (see comments below)
DEPENDING on your history with Capital One ... Since you ask the question, I assume it has been a good one, you can:
Wait until the payment posts on your account. Remember this is a weekend with a US holiday.
Ask them NICELY with a charming voice to forgive the late fee. Point out ... it's the first time and only missed the deadline by a day. Avoid a long drawn out conversation as to the details. You are asking for mercy. You are NOT contesting their right nor ability to levy the fee.
After that:
Don't let it happen again.
Be aware if you had scheduled a payment yesterday, they would have taken it yesterday.
Consider Direct Deposit by your employer. Monitor those payments before you go on line to Capital One or anybody else to make a payment.
Consider a line of credit on your checking account that is ONLY for such situations and you pay it back to ZERO ASAP.
The line of credit cost would be less than either the Capital One fee or a bounced check fee. |
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meandnadine
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Yes they can. Any credit card company can.
You say you now hate capital one, but they were simply abiding by the agreement.
If you have a good payment history with them, you may want to call and see if they will waive the fee. |
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Sun and Sand
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You were late, they charged a fee. How do you think they are making record profits?
Don't blame Capital One, they all do it. If you don't like it, stop using credit cards. I did and cash is king, life is good. |
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Deliah
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Of course you were LATE. But I hope those who destroy theri credit can see what happens afterward when you have to settle for these accounts like Cap1.
Call, if it is not a habit and ask them to remove it this once. Sometimes they will sometimes they won't. |
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bdancer222
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Sorry but this is something that REALLY bugs me! "Only one day late" -- why would you not expect to pay the late fee? You were late.
Luckily this won't show up on your credit report -- late payments kill your credit score. But you should be extremely careful to never be late again. Capitol One will up your interest rate to the max.
Set yourself up a budget and plan your spending on a monthly basis instead of weekly. You won't find yourself with a bill due the day before payday and no money in the bank. |
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wjvv
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Hate to tell you that they all do it. If you had put it through yesterda,they would have charge you a fee to put it through the same day. You might call and complain and maybe you'll get a good rep who will reverse it one time only. But this is how they make money. |
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TedEx
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A due date is exactly that. A date they decide upon, not a date you think is convenient. Pay the card off and get rid of it. |
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runnttombobob
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yup, they can do that. if you feel like your getting too close to being late barrow money from a relative, i did that once, after that i learned my lesson and only charged what i didnt have cash for. |
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Tina H
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Yes they can charge you the late fee.
Read your terms and agreement of your credit cards and you will see if you are late more than once your APR(finance charge) can also go up.
Check the information on their website.
I'm also a card holder. |
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ods
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They sure can, but if it's the first time that it ever happened, they usually would waive it if you ask them nicely. |
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Jill S
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I had Capital one and I payed through their web site. The payment was due by 3p.m. on the due date. One time my computer was running slow and the payment got processed 5 minutes late. I was charged that $30 fee. I no longer use them. |
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