What is the first day of a credit card statement?

pc2852

Sorry if this is the wrong forum but I recently got accepted for a student credit card with Halifax, it arrives in the next few days and it is my first credit card, how do I find out when the first day of the statement is so I can work out how many days are interest free? I can't find the info on the website, or will I receive info in the mail when I receive the card?

I know a couple of people with credit cards and I think it's the 15th of each month, is that for all credit cards?

jackieblack

All credit cards are different.
When your account is opened you should be advised of the statement date and the interest free period.

Masomnia

You mean the 52 days or so you get interest free with some cards?

It'll be from the date the purchase is added to the statement. Beware though it usually only applies if you've paid the previous two statements off in full.

phona

As others have said, it varies. The first statement is usually produced a calendar month after either:
1 - the day they officially open the account
2 - the day you first make a transaction
Which one depends on the issuer.

Everything you buy before the statement is produced will appear on that statement; everything you buy after will appear on the next month's statement.
When the first statement is produced (you'll get it through the post or online, depending what you agreed to) it'll tell you the due date. If you pay the whole balance before that due date, you pay no interest at all. You MUST pay at least the minimum payment on or before the due date. All this will be on your statement.