When is Your Credit Card Payment Due?

If you’re like most people, you probably have a credit card or two that you use on a regular basis. But do you know when your credit card payment is due? Read on to find out.

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Your credit card payment is due on the date indicated on your statement. This is typically 21 days after the close of your billing cycle, but may be different for some card issuers. If you don’t pay your balance in full by the due date, you will incur interest charges on the outstanding balance.

You can find the date your payment is due by looking at your most recent credit card statement. The due date will be listed near the top of the statement, under the heading “Payment Information.” If you’re not sure when your billing cycle closes, you can typically find this information on your statement as well.

The Grace Period

Your credit card issuer gives you a grace period to pay your bill without incurring interest charges. The grace period is the time between when your bill is due and when the credit card issuer reports your payment information to the credit bureaus. If you pay your bill in full by the due date, you will avoid paying interest on your purchases.

The length of the grace period varies by issuer, but it is typically 21 days. Some issuers give you a longer grace period on balance transfers and cash advances than on purchases.

To find out your issuer’s policy, check the terms and conditions that came with your credit card or monthly statement, or call customer service.

If you don’t pay your bill in full each month, you will lose the benefit of the grace period and will be charged interest on new purchases from the date of purchase until you pay off your balance. The exception to this rule is if you have a 0% APR promotional offer on new purchases.

Minimum Payment

Most credit card companies require a minimum payment each month, which is usually a percentage of your balance or a set dollar amount, whichever is greater. For example, if your minimum payment is 3% of your balance and your balance is $1,000, your minimum payment would be $30. If your minimum payment is $50, you would need to pay at least $50 no matter what your balance is.

Your minimum payment may not cover all the interest and fees you’re charged each month. That means the remaining balance on your account will grow, and you’ll end up paying even more in interest and fees. It can take years to pay off your debt if you only make the minimum payments.

Types of Credit Cards

There are four types of credit cards: secured, unsecured, rewards, and business credit cards. Each type of card offers different features, terms, and conditions.

Secured credit cards require a security deposit, which is typically equal to your credit line. This deposit secures the card against non-payment and serves as collateral in case you default on your payments. Unsecured credit cards don’t require a security deposit but often come with higher interest rates and fees.

Rewards credit cards offer points, cash back, or other perks in exchange for using the card. Business credit cards are designed for business expenses and often offer special perks like 0% APR periods or annual bonuses.


Your credit card payment is due on the date specified in your billing statement. If you don’t pay your balance in full by that date, you’ll be charged interest on the outstanding balance. The amount of interest you’ll be charged depends on your interest rate and the type of card you have.

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