By Admin on Sep 11, 2009 in Credit
caitjennifer asked:
I already made the credit card payment for August, but I want to start paying my bills for September. If I make a credit card payment on my bill before they have even set up the due date for Septemeber will they make me pay again in Septemeber once the due date is set or will they see that I made an extra payment of more than the minimum again and deduct that for Septemeber?
http://1mortgagecalculator.info
I already made the credit card payment for August, but I want to start paying my bills for September. If I make a credit card payment on my bill before they have even set up the due date for Septemeber will they make me pay again in Septemeber once the due date is set or will they see that I made an extra payment of more than the minimum again and deduct that for Septemeber?
http://1mortgagecalculator.info
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If you pay before the closing date for the next month you will still owe the minimum for the next months billing cycle.
So if your closing date is September 1 and your payment is due September 16 and you make a payment that clears on August 28 you would still owe a minimum payment by September 16.
remowlms | Sep 13, 2009 | Reply
Pay up before due is great. CC are quick sands
iFart | Sep 15, 2009 | Reply
For credit cards you can send a payment whenever you want to as long as it is before the due date and at least the minimum due.
Since you already paid for August you can wait til after your August due date and anything paid after that due cycle will be applied to your September Bill.
Otherwise, it will continue to simply be applied to your August total.
Linda | Sep 18, 2009 | Reply
If you made a second payment, that will be applied to your balance in August and your September statement will simply show your minimum payment due will be $0 as they will apply that second payment to your Sept statement.
Simply put, you will not have to pay in Sept.
But, it is better to still make a payment just to get your balance lower, you do not want to carry more then 30% of your line of credit. Go above the 30% debt utilization and your score starts downwards.
I have made double payments many times and when the next month statement arrives it has always shown a payment due of $0 for the month.
Sgt Big Red | Sep 20, 2009 | Reply
Remo Williams is right …
… for example, my Target credit card … it’s due on the 20th. My bill “cycles” or whatever on the 26th (that’s when Target takes the interest I owe them out of the balance on the card …) so if I pay them extra on the 22nd, it just goes to the BIG balance and I still have to pay for the next month. If I pay them on the 28th, whatever I pay them goes toward the next month’s payment … ya dig?
You gotta find out when your “cycle” date is …
Bo Jangles | Sep 21, 2009 | Reply