0 Minimum Dollars Payment after making payment on card

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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0 Minimum Dollars Payment after making payment on card

Postby RebelGamer137 » Fri Jan 03, 2014 2:29 pm

I have a Capital One Student Journey Card and I made a payment under other amount. It went through and it still lists the same due date but with 0 dollar minimum payment. Can I just ignore it and not harm my credit? I had around 300 Dollars balance and payed 100 dollars. Minimum pay is now ghosted and I can pay my previous balance of 186 or my full 278 or other amount again. I am under my credit limit. Should I ignore this or bite the bullet and pay again? I am on a limited income.

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Postby mathman314 » Fri Jan 03, 2014 5:08 pm

The zero minimum payment is saying that you already made the minimum payment for the billing cycle.
My advice: If you can, chew down whatever balance is leftover.
1FBUSA: 5.75k
Discover IT (for students): 4.6k
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Target REDcard: 1.5k
AmEx BlueCash Everyday: 5.5k

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Postby takeshi » Sat Jan 04, 2014 9:58 pm

RebelGamer137 wrote:Can I just ignore it and not harm my credit?

If your utilization has not increased, yes. If it has increased, no.

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Postby samhradh » Sat Jan 04, 2014 10:14 pm

Let me get this straight:

Your balance was $186?

You paid $100 before the statement was due.

You now owe $86 to pay in full?

Things to consider: What are the interest charges? It may not hurt your credit score to not PIF this one time but I highly doubt it makes fiscal sense. If it were me, I would always find a way to PIF on a card with interest.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

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