If you think that the charge with a label like “COMN CAP APY F1” doesn’t make any sense, then you’re not alone in this; there are a lot of people searching for it online to find some answers or make sense of it. If you’re confused about that, just know that it is just a monthly payment withdrawal service by Comenity Capital Bank. Anyway, still, let’s go over the details of this charge to understand it all in a better way.
COMN CAP APY F1, What Does It Mean?
Let’s take “COMN CAP APY F1” as an example. Every piece gives you one distinctive feature:
- COMN refers to Comenity, a bank that offers stores’ credit cards.
- CAP stands for Capital, which is the name of the bank, Comenity Capital Bank.
- APY is the abbreviation for AutoPay, a payment that is automatically made from your account.
- F1 represents a unique code that is used by Comenity for tracking.
All in all, it, in fact, is saying: this transaction is the AutoPay deduction from Comenity Capital Bank.
Who is Comenity Capital Bank?
Comenity Capital Bank is the financial partner of Bread Financial (formerly Alliance Data). The bank is responsible for providing co-branded and store credit cards for brands such as Victoria’s Secret, Wayfair, and even some Apple financing plans. If you are paying with one of the cards of these brands and would like to set up autopay, Comenity is the one who makes/processes the payment. Therefore, if you find this code, this just means they are continuing with their normal billing process.
Why You’re Seeing This Charge
If you’ve set up AutoPay, Comenity will automatically deduct the amount on the scheduled date each month. That could be the minimum payment, the full balance, or a custom amount, depending on what you selected when setting it up. The charge usually shows up a day or two before the due date. And because it’s recurring, you’ll likely see the same descriptor every month.
Double-Check the Accuracy of the Details
Although Autopay is a super convenient way to pay, it is very important to ensure everything is correct on your side. Here are the steps you should go through to do that:
- If you want to be notified of your new registration, check your email for a confirmation email or SMS first.
- Visit your Comenity or Bread Financial account and check the most recent payments you made.
- Double-check the details and see if the expected amount and date are the same.
In the event that everything is as expected, there is no need for attention or to worry about it all. Whereas, if any detail seems abnormal, for example, the amount is higher or the date is earlier, you are advised to check immediately and stop further withdrawal of funds.
How To Exit or Edit Your AutoPay
Do the following if you want to make changes to your AutoPay settings or cancel it altogether:
- Access your Comenity account through the Internet.
- Get to the Payment Settings portion and pick Autopay.
- You may stop it if you want or change the number and date in it.
If you experience difficulties, customer service can help you. You need to be aware that not all changes will be effective from the current billing cycle, so always keep an eye on your statement. It’s better if you do!
