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FILE UPDATED TIME 01/02/2010 10:39:22 AM
TOTAL READ COUNT 1484
Question:
What is the difference between the "statement date" and the "payment due date" on my credit card statement?
Answer:
The statement date is the last day on which transactions can be posted to your account for that statement.
The payment due date is the date by which the institution that issued your credit card must receive your payment without incurring late fees or other penalties. Consumers should consider the time it may take for a payment to reach the intended institution and the time it may take to process the payment.
Resource(s):
Classification of this FAQ:
| Category | Sub-category |
|---|---|
| Credit cards | Bill payments |
Related Question(s):
- What happens if I make a late credit card payment?
- How can I make sure my credit card payment isn't late?
- Do credit card issuers have to disclose what their grace period is?
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