Can I Use My Credit Card on the Due Date

Morgan Sliff

Contributing Writer at Tally

January 24, 2022

You may exist under the impression that your credit card payment due appointment is set in stone. But, in most cases, it's written in pencil, and your credit carte du jour issuer is pretty flexible.

Wondering why y'all'd want to modify your credit card payment due date in the first place? The brusque answer is, some people adopt all their bills to exist due on the same twenty-four hours or align with their paycheck schedule — others like having their due dates spread out evenly.

Any the case, information technology could be in your best interest to change your credit card due appointment to align with your needs and schedule.

Beneath, we'll cover:

• What a credit carte du jour due date is

• Its significance

• How to change it and why you may want to change it

What'southward a credit bill of fare payment due date?

Your credit carte payment due date is the final day to make at least the minimum payment for a billing cycle before your credit card issuer considers it belatedly. Your credit card billing cycle unremarkably ranges from 27 to 31 days, depending on the card issuer.

Once the billing cycle ends, known as the credit carte du jour argument closing date, your due date for that period is typically set for 21 to 25 days after the cycle closes. The law says your credit card due date has to autumn on the same day every calendar month.

If the credit bill of fare visitor doesn't receive your minimum payment amount on or before the due date, it may apply a tardily fee. Nonetheless, this belatedly payment history more often than not won't be added to your credit report, potentially damaging your FICO credit score, until your payment is at least xxx days tardily.

Continue in mind, if you postal service in your monthly payment, don't wait until the last day earlier your credit card payment due date to practise so. Credit bill of fare companies post payments equally they receive them, non past their postmark dates. So let a few days of mailing fourth dimension for your payment to get to the credit card company.

You tin can avoid this result past connecting your bank account to your credit card and making payments online. Another selection is to call and make a payment over the phone, but y'all may incur a one-time payment fee.

Can I change my credit card's due appointment?

Nearly credit card companies will let cardholders change their due dates, only the date depends entirely on the visitor.

Irresolute your due date doesn't mean you get to skip a billing statement, just other benefits can arise from this small change. Here are ways you can change a credit card due date:

• Online/mobile app: Some companies allow y'all to perform due engagement changes online, and others let you lot do it on mobile apps.

• Phone: A quick telephone call to your card issuer's customer service line can quickly modify a credit carte payment due date.

Virtually card companies won't let you change your due date to the 29th, 30th or 31st because not all months take these dates. Many will have a cutoff time for changing the appointment, so calling the day before your due date to request a change that month may non be possible.

In some cases, your billing date can't be changed at all. If you can't change your due appointment, at that place are some other options for you, but more than on this later.

When it makes sense to change your credit card due date

There are a few possible strategies for irresolute your credit carte du jour payment due appointment. Everyone has different needs, and then exercise what works for you lot. Here are a few reasons you might want to change information technology.

To coincide with payday

Some people see trouble because they don't pay plenty attention to their spending habits. If this rings truthful for yous, it may be in your best interest to make your bills coincide with payday.

One issue here is that some organizations pay their employees bi-weekly. But if y'all accept a fixed pay date — say, the 1st and 15th — you can schedule your credit menu billing due dates to coincide perfectly with a nice influx of funds. This way, you can get the responsibilities out of the way first and save any actress spending for last.

To consolidate payments

Consistently making on-time payments is the biggest factor in getting a good credit score. If forgetfulness is more than of a struggle, consider shifting your credit card bill payments to country on the same day (and close to other big payment dates, such as rent, mortgage or car payments).

Past doing this, you merely have to call up one date, and you can go every payment made at once. Just there'south one obvious downside: If you forget your payment date, that could also hateful a lot of late payments all at in one case.

Every bit an extra precaution, set reminders all over your phone and business firm. Your credit score will thank you later on.

To spread out payments

Maybe you accept the memory of an elephant and prime organization skills but non a ton of money to go around when bills come knocking. In this instance, information technology may be inconvenient for you and your wallet if all your bills fall on the same date.

If this reflects your situation, it may be best to spread your payments week to week to have a consequent payment schedule. This billing scenario may work best for freelancers and gig workers who don't take salaried hours or specific paydays and rely on variable income.

To avoid large recurring bills

If you have a car payment, mortgage or large installment payment to another lender every month, information technology may be in your all-time interest to move your credit carte du jour payment due dates as far abroad from those large payments every bit possible. An array of large bills all at once can be stressful and overwhelming. Calculation a credit menu payment to that mix, fifty-fifty a small one, could get out yous low-cal on funds.

If yous pay rent on the 1st and your car payment on the 2d, schedule your credit carte du jour monthly payments to land on the 16th. This mode, your account argument due dates are right in the middle of your two biggest installment payments, giving you a bit of animate room.

To avoid interest charges

Past moving your due appointment, you tin likewise move the interest grace period — the menstruation between the finish of your billing cycle and the due date. The credit card company won't utilise the statement's accrued involvement to the account during this fourth dimension. If you lot pay the complete statement residuum by the credit card payment due date, you won't incur interest charges from that statement.

Imagine you take a large lump-sum payment, similar a bonus check or large committee check, coming in a few months that you program to use to pay off a large credit card balance. Unfortunately, it'll go far subsequently your due date, so you'll incur involvement charges for that month.

Still, if yous modify your credit carte payment due date to later on you're scheduled to receive that greenbacks, you lot can pay the argument balance and save on that month's involvement.

What to exercise if you can't change your due appointment

If your credit card company doesn't allow you to change your due date, you still have other options. You just have to take matters into your own easily.

Let's say you get paid on the 1st and 15th and you have multiple bills due on the kickoff of the month: rent, automobile payment and credit cards. Instead of making a payment for a credit menu bill that's inconveniently due on the 1st, pay for your bill ahead of time — ideally, as soon every bit y'all become paid on the 15th.

And if you don't become paid on the 15th, you lot can set a stock-still date in your calendar that works best for you lot. That way, you take enough fourth dimension before your payments at the first of the month, making them more than manageable.

Just remember non to pay as well early. If you brand a payment before the billing cycle ends, the credit card issuer may procedure it every bit an extra payment in the electric current billing wheel instead of every bit a payment for the upcoming billing statement. This would leave you with a minimum payment due in the next billing cycle, despite making the actress payment.

If your budget doesn't have the jerk room to pay that extra minimum monthly payment by the credit card payment due date, you could incur a late fee and perchance even a belatedly payment mark on your credit report. Advisedly review your billing bike and due date and determine when it makes sense to brand your payment and that y'all're doing then in the proper time frame.

Tally can help you manage your credit carte payment due dates

Whatever the reason for changing your credit bill of fare payment due date — to match up with your payday, consolidate payment, spread out payments, avoid large recurring bills or avoid interest charges — information technology's not a difficult task. Equally long as your credit card issuer allows it, yous tin can consummate the change online or over the phone.

If y'all're looking to consolidate and streamline your credit card payments, the Tally† credit carte debt repayment app tin help. Tally helps you lot manage your credit bill of fare payments by consolidating them into just one payment per calendar month. Tally also offers a lower-interest personal line of credit, allowing y'all to pay off higher-interest credit cards efficiently.

†To get the benefits of a Tally line of credit, you lot must qualify for and accept a Tally line of credit. The APR (which is the same equally your interest charge per unit) will be between seven.xc% and 29.99% per twelvemonth and volition be based on your credit history. The April will vary with the marketplace based on the Prime Rate. Annual fees range from $0 to $300.

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Source: https://www.meettally.com/blog/the-perks-of-changing-your-credit-card-due-date