Different Due Date, What Now?

supermanjo

Little confused here.

Usually when my minimum payment is due, it would be the same day my statement is produced (I always assumed they where the same thing?) I made payment for the 30th of July, but they are now telling me my actual statement will be produced on the 3rd of august... (even though the due date was the 30th)

So what happens if I make purchased between the 30th and the 3rd?

callum9999

supermanjo wrote: »

Little confused here.

Usually when my minimum payment is due, it would be the same day my statement is produced (I always assumed they where the same thing?) I made payment for the 30th of July, but they are now telling me my actual statement will be produced on the 3rd of august... (even though the due date was the 30th)

So what happens if I make purchased between the 30th and the 3rd?

What card have you got? That doesn't sound right at all...

The due date is sometime after the statement date (usually something like 20 days later) - that is, after all, the whole point in getting a statement! You can hardly be expected to pay it off before you receive it!

I would assume your July statement needs to be paid off by the 30th, and your August statement is produced on the 3rd August - which you will then have another 20 odd days to pay off.

The purchases between the 30th and 3rd will be on the August statement.

CLAPTON

you are saying that normally e.g

for the statement dated 30/june the associated pay date is 30th of July

and the new statement is dated 30th July for payments by 30 august

but now they are changing that to be a few days later.

so if that is so then the purchases you make before that new statement date of 3/august will be included in the august 3rd statement instead of the the later one and due for be payment by 30 august.

chattychappy

supermanjo wrote: »

So what happens if I make purchased between the 30th and the 3rd?

If I understand you, then those purchases will appear on your statement dated 3rd.

Statements usually include all purchases up to and including the statement date. Sometimes transactions get delayed, in which case they will appear on the next statement. Bizarrely, I've had a situation where I can see my statement online the day before the statement date, so in this case any transactions still in pipeline will also appear on the next statement.

The due-by date is only significant to the extent that this is the date by which at least the minimum must be received.

supermanjo

Hi,

Basically the payment I just made was for the 3rd-30th of July. However they are saying the statement for this period will be produced on the 3rd of August. (why anyway?)

So say I made a purchase for today (which I did) what happens to that transaction? Will it be added onto the 3rd-30th of August statement? If so, then that’s fine I don’t have a problem.

StuC75

supermanjo wrote: »

Hi,

Basically the payment I just made was for the 3rd-30th of July. However they are saying the statement for this period will be produced on the 3rd of August. (why anyway?)

So say I made a purchase for today (which I did) what happens to that transaction? Will it be added onto the 3rd-30th of August statement? If so, then that’s fine I don’t have a problem.

Because it allows the CCard to reduce the number of possible interest free days with transactions.. e.g. Statement Date is the 3rd August, but payments were due by the 30th July.

This is quite common - some cards have a longer period..

My recent virgin stmt of 16th June has payment due by the 5th July, the next statment was produced on the 17th July (Have DD for minimum payment and pay rest of balance manually so never pay interest anyway). Hence virgin quote a 'maximum of 50 days Interest free period for card purchase'..

The due date only refers to payments in, any transaction between the statement dates make up the next balance..