Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 215
Registered: ‎10-26-2007
0

Ready to pay off First Premier & Orchard

DH & I are finally in the position to pay off these two cards, but I want to make sure that we do it the right way.  Can anyone advise when I should make the last payment & call to close the account

 

1. First Premier

Statement closes the 19th or 20th of every month & the payment is due the 16th of every month.

 

2. First Premier

Statement closes 21st or 22nd of every month & the payment is due the 18th of every month.

 

3. Orchard

Statement closed 22nd or 23rd of every month  & the payment is due the 17th of every month.

 

My question is when do you pay.  I'm assuming I should pay before the statement cuts for this month? And then when do I cancel?

 

Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Ready to pay off First Premier & Orchard

 


ABattle wrote:

DH & I are finally in the position to pay off these two cards, but I want to make sure that we do it the right way.  Can anyone advise when I should make the last payment & call to close the account

 

1. First Premier

Statement closes the 19th or 20th of every month & the payment is due the 16th of every month.

 

2. First Premier

Statement closes 21st or 22nd of every month & the payment is due the 18th of every month.

 

3. Orchard

Statement closed 22nd or 23rd of every month  & the payment is due the 17th of every month.

 

My question is when do you pay.  I'm assuming I should pay before the statement cuts for this month? And then when do I cancel?

 


I suggest you pay before the due date.   Then cancel after the statement closes.

 

Regular Contributor
Posts: 215
Registered: ‎10-26-2007
0

Re: Ready to pay off First Premier & Orchard

Thanks for replying

 

So pay before the payment due date but wait until after the statement closes to cancel?  My issue is that the payments for the cards are due this moenth a few days before I will be ready to pay them off.  I'm waiting on my taxes which I won't have until this Friday, so I already have made the payments for this month as far as the minimum.  So should I just make a second payment this month & then close after the statement cuts.

Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Ready to pay off First Premier & Orchard

 


ABattle wrote:

Thanks for replying

 

So pay before the payment due date but wait until after the statement closes to cancel?  My issue is that the payments for the cards are due this moenth a few days before I will be ready to pay them off.  I'm waiting on my taxes which I won't have until this Friday, so I already have made the payments for this month as far as the minimum.  So should I just make a second payment this month & then close after the statement cuts.


Yes, pay it when you have it.   There will likely be a little interest to pay after statement closes.   So pay that right after the statement closes and then close the account.

 

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.