Once you’ve enrolled in online banking, you can set up AutoPay and make automatic monthly payments.
Setting up AutoPay
To set up AutoPay, sign in to your account and provide the following details:
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Accounts: Select the credit card you want to pay and the bank account you want to pay from.
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Amount: Choose how much you want to pay each month.
- Date: Select a payment date on or before your due date.
Choosing the payment amount
You’ll have options when selecting how much to automatically pay, including:
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Minimum payment: The amount will vary according to your new balance amount each month and will be shown on your monthly statement. This can help avoid late fees.
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Statement balance: The balance amount (your total balance as of the date your statement was issued) indicated on your monthly statement. This can help avoid late fees and interest charges.
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Fixed payment: An amount of your choosing.
Making additional payments while AutoPay is set up
For the minimum payment and statement balance options, if you make a payment before your AutoPay processes, that payment will reduce the amount of your upcoming automatic payment. For example, if your minimum payment AutoPay is $25 and you pay $10 before the AutoPay processes, your automatic payment will now be $15. This gives you more flexibility and control over paying down your Capital One credit card balance.
Once enrolled, your AutoPay terms and conditions can be found in your enrollment notification or when making a payment.