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Credit Card Statement Date

Most of us never even think about our Credit Card Statement date.  However it can make a big difference in the timing of how you pay your bills. 

Credit Card Statement Date

This can be an important date depending on when you get paid or when you normally charge items. 

Normally the statement date is 30 days after the day the credit card company issued the card.  So this can be virtually any day of the month except the 29,30,31 as all months don’t have those days.  


Where to find Your Credit Card Statement Date

This is the last day that charges are included on your bill for the last month. At the top of your statement it will state the time period that this bill includes.


Changing the Statement Date

I changed my statement date to give me the longest float and grace period to pay my Credit Card. You can change your statement date with most credit card issuers.  It will usually take two months and cannot be done more than once a year.   It is very easy, call your credit card issuer and request a different statement date.


Why I Changed my Statement Date

In the business I ran for many years we had several bills we could pay with a credit card.  These bills were always due on the 10th of the month.  I paid all of these with an airline card so I could collect the points a couple of days before the 10th of the month.  


I paid all of these bills between the 7th and the 10th of the month with my credit card.  I changed the statement date on my airline miles card to the 5th of the month.  All my monthly bills were then due the 5th of the following month and I also had the grace period.


Getting Both Float and Grace Period on my Bills

This allowed me to charge my big bills on this card just before the 10th and get float until the 5th of the following month and grace period until about the 26th of the following month. I normally paid my credit cards ten days after the statement date.

Regular Large Credit Card Charges

If you have regular monthly large charges on your credit card set the statement date to a few days before those payments are made to give you the longest float and grace period.  It is critical that you pay this card in full every month or you do not get float or a grace period.

Avoid Paying Interest on your Credit Card

Everything you charge on a card that was not paid in full last month will be charged interest starting the date of the transaction.  This is true even if you just left a $10 unpaid balance.  

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