Capital One Attn: Payment Processing PO Box 71083 Charlotte, NC 28272-1083
The overnight payment address is:
Capital One Attn: Payment Processing 6125 Lakeview Rd Suite 800Charlotte, NC 28269
To make sure your payment posts as quickly as possible, write your Capital One credit card account number on your check.
Keep in mind that mailing a payment can take a few days, so plan accordingly to make sure they get it on time. Making payments online is usually fastest and easiest. Lastly, you can also pay your Capital One Venture bill over the phone, by calling the number on the back of your card.
The Capital One credit card minimum payment is your balance if it is less than $25. For balances higher than $25, the minimum payment is 1% of the balance, plus any accumulated interest. Capital One will also add any past due amount and late payment fees to your minimum payment.
A minimum payment is the least amount you can pay by the due date and still be in good standing on your account. There is no standard formula or guidelines for calculating minimum payments, but issuers generally require a percentage of the balance, including fees and interest.
Making only the minimum payment each month may seem like you’re saving money, because you’re taking such a small amount from your budget while still meeting your monthly obligations. But if you carry a balance, you’ll notice that the balance doesn’t appear to be getting any smaller each month. That’s because a chunk of your minimum payment is applied to interest, and very little, if any, is paying down the actual balance.
By law, Capital One and all other issuers are required to publish an informational chart on your credit card that illustrates how long it will take you to pay off the balance if you make only the minimum payment, and how much you will end up paying in interest. It also shows you how much you should pay in order to pay off the balance, assuming you make no additional purchases on your card.
Not making at least the minimum payment due comes with another set of issues. You will be charged a late payment fee of up to $40 if Capital One doesn’t receive the required minimum payment by the due date. The late fee will be tacked on to your next month’s statement, along with additional interest on top of the unpaid balance.
When making just the Capital One minimum payment, less will end up being more in the long run. If you’re unable to pay off your entire balance, put down as much as you can without sacrificing your other monthly debts. Any payment above the minimum will be applied to your balance with the highest interest rate.
The Capital One Venture minimum payment will be the greater of $25 or 1% of your balance plus new interest and late payment fees. If your entire balance is $25, then that's what the minimum payment will be.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.