Setting Credit Card Due Dates.

[DI]

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@Watchmann wrote:
I doubt there is a downside to having all your accounts close around the same time of the month.  People have needs (when they get paid) and I don't think creditors will look askance if all your accounts are at the same time.

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I don't carry balances on each card every month.  I have a total of 6 cards. If I use a card, and when the statement generates, I would know when the bill is due.  Most of the time I pay my balances before the statement generates.  

[haulingthescoreup]

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YoungEntrepeneur wrote:

Changing your due date MIGHT raise red flags with your creditors and they might assume that you're having financial difficulties which would lead to AA.

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I have to say, I can't imagine why this would alarm creditors. Many of them give you the option to do so anyway. I've moved several dates around without a peep. Lots of fun explaining that you want to move your statement date, rather than your due date, though!

I can see an excellent argument for having your mortgage go out on the first of the month, followed by the car payment and CCC's on the fifteenth, whether that would be the due date or the statement date. Even though biweekly paychecks won't stay on the 1st/ 15th pattern, it would still ensure that everything wouldn't hit during one pay period.

[smallfry]

I think it's a good idea. DI. I have 4 cards now. 2 cut on the 2nd the other 2 cut on the 24th. I just use 2 each month and rotate.

[creditwherecreditisdue]

Mine fall in two clumps and I would absolutely no qualms about changing a date on any of my accounts. (I actually include feeble Chase and HSBC in that.)