Statement cut date

[Anonymous]

My BoA varies every month! 

[lindel]

Thanks to all who responded. I do have a better understanding now. The journey continues!

[Anonymous]

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@MarineVietVet wrote:

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@Anonymous wrote:
Statement date and due date are fixed for every month, unless you change address or the due date.

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That is not my experience.

While my Discover reports on the 13th of every month without fail BoA and Citi will report anywhere from the 5th to the 8th of the month. It always varies with them.

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What I said was only specific to Cap1. Confirmed by CSR. Other banks most likely differ.

[MarineVietVet]

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@Anonymous wrote:

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@MarineVietVet wrote:

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@Anonymous wrote:
Statement date and due date are fixed for every month, unless you change address or the due date.

---

That is not my experience.

While my Discover reports on the 13th of every month without fail BoA and Citi will report anywhere from the 5th to the 8th of the month. It always varies with them.

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What I said was only specific to Cap1. Confirmed by CSR. Other banks most likely differ.

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I agree that Cap 1 is like Discover in that respect. Always the same statement date.

Your original comment though was unclear. Thanks for the clarification.

[Anonymous]

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@MarineVietVet wrote:

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@Anonymous wrote:

---

@MarineVietVet wrote:

---

@Anonymous wrote:
Statement date and due date are fixed for every month, unless you change address or the due date.

---

That is not my experience.

While my Discover reports on the 13th of every month without fail BoA and Citi will report anywhere from the 5th to the 8th of the month. It always varies with them.

---

What I said was only specific to Cap1. Confirmed by CSR. Other banks most likely differ.

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I agree that Cap 1 is like Discover in that respect. Always the same statement date.

Your original comment though was unclear. Thanks for the clarification.

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OP's question was regarding Cap1 only so I assumed it by default in the answer.

[lg8302ch]

The statement date and the due date perfectly make sense.  Cap1  issues the bill on the 28th of the months and you have time to pay the bill until the 25th of the next month. This is called grace period.  If you pay at least the statement balance by the due date there will not be interest charges. Now if you want to make sure you would like to report less than 10% util you will need to make sure the payment has reached your Cap1 account by 27th so when the statement will cut on 28th it will report your lower utilization. If you do this make sure you pay the amount of the statement by the due date which is the 25th. Don't mix up the statement date and the due date. The most important date is the due date..you miss that and you get a late fee...you miss to pay down before statement date then no big issue other than you get hit for higher utilization. Cap1 dates remain fix every month at least for me. Not like other lenders. Reporting changes a bit but since the statement balance gets reported it does not matter when they report. Generally a few days after the statement is cut with Cap1.