Closing Date vs. Due Date?

Alphonso Brake: Your account closes on the 24th of June, for example, and that Statement then gets mailed to you and is due on July 20th. There's no reason to worry about charges between any dates. You are overthinking this. What you are thinking of as a "four day period" is actually a 26-day period ... the time between the 24th of June, and the 20th of July. The four days between the due date on the 20th of July and the 24th of July have no relationship, so no need to avoid charges on those days. If you charged something on the 23rd or 24th of June, it might not get Posted in time to get on the June statement, and will instead be on the July statement. That would then be due on August 20th. Nice, eh? You can look at your account online after the 25th (the closing date is not always exactly the same), and see your statement. I always pay my Statement, or set up electronic payment, in full when it arrives or soon after. Always pay in full to avoid paying interest....Show m! ore

Janita Tetlow: You are always in one billing cycle or another. The "closing date" is the last day of the cycle covered by that bill. The day after that, you are in the next month's cycle and any activity will show up on the next bill. They're just telling you what activity is showing on the bill. They don't have to give you a whole cycle to pay your bill. The "due date" is the date by which they have to receive the payment for you to avoid late charges and interest....Show more

Kenneth Queener: Ditto.

Rosalba Lingner: The closing date is the real cut off when the card should be paid. It can take a few days to process mail, so that is why they like to get paid early.