Credit card payments and balance due correlation

84Reasons · 19 July 2018 at 11:09AM

I'm a little confused about when I have to pay off my credit card. I have set up a direct debit to ensure the full amount is paid off each month (16th for me) and this works really well, however I'm unsure as to when I have to pay off the money I spend on my card. For example, I have used the card this month (between the 1st and 16th of July) and these payments have been added to my august statement, so I will not pay interest on them until the 16th of August, at which point the card will be paid off in full. However I want to know if I spend money now (after a balance was due on the 16th) will it be due in august, or September? I'm not sure on the periods in which they decide which statement the payment is due on? Any help would be greatly appreciated, I can't seem to find anything about it on my providers documents.

[Deleted User] · 19 July 2018 at 11:12AM

It will appear on the next statement to be produced, and be due by the payment due date on that statement.

84Reasons · 19 July 2018 at 11:16AM

So it will be due in august? because going by the last statement, I spent money in July however it didn't appear on July's statement.....

[Deleted User] · 19 July 2018 at 11:18AM

That's because you would have sent it after the production cut off point off the statement.

Statements don't reflect calendar months (except on very rare occasions).

84Reasons · 19 July 2018 at 11:22AM

Okay, so what is usually the production cut off point for the statement? or is this not pre-defined.

[Deleted User] · 19 July 2018 at 11:25AM

It varies, but a data will be sent a few days before the statement run.

84Reasons · 19 July 2018 at 11:27AM

Right, so there's no way knowing for sure (unless you use the card right before the statement is due) whether the payment will be due on next months or the month after?

[Deleted User] · 19 July 2018 at 11:28AM

Have a look at your previous statements. That will give you a rough idea by looking at the final date of each the final transaction on each.

84Reasons · 19 July 2018 at 11:30AM

Okay, thank you for the information. I feel like the cut off point is somewhere close to the start of the month as I have used the card during the month of the statement (before its due) and these payments usually are due the month after.

Dobbibill · 19 July 2018 at 11:42AM

Your statement should give you details of the dates from & to.

Do you have internet banking for your credit card? Mine all state 'transactions from x date to present' when I look at recent transactions. Eg - transactions from 13th July - so I know when my previous statment was produced.

The credit card statement is an invoice for money spent in the previous period - anything spent after the statement date will be added to the following statement.

84Reasons · 19 July 2018 at 11:51AM

Hmmm, okay so my online banking says - 21 May 18 to present. This statement was due on the 16th of June. It says my next statement is due on the 16th of July (I assume it hasnt updated yet). so is it fair to assume anything after the 21st of the month will be on the month afters statement? e.g. anything spent on the 21st of July - August 21st will be due on September the 16th?

Credit card payments and balance due correlation

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