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advantages/disadvantages of staggered/nonstaggered statement cut dates and due dates?

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megaman1
Regular Contributor

advantages/disadvantages of staggered/nonstaggered statement cut dates and due dates?

I'm just curious. I know if they are staggered, you can use another card while the statement for another cuts, and vice versa. But that's about all I know..

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Blackrv7
Frequent Contributor

Re: advantages/disadvantages of staggered/nonstaggered statement cut dates and due dates?


@megaman1 wrote:

I'm just curious. I know if they are staggered, you can use another card while the statement for another cuts, and vice versa. But that's about all I know..


The use is just for what you mentioned.  In addition, I use my card that has the lastest due date in the month as my card to use to manage utl.  If I slipped up and had a card post earlier in the month, I 0 out the latest reporting one and visa versa.


Current myFico EX 734, EQ 777, TU 742
AAoA 6 years 3 months, Length 25 years 2 months

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FinStar
Moderator Emeritus

Re: advantages/disadvantages of staggered/nonstaggered statement cut dates and due dates?


@megaman1 wrote:

I'm just curious. I know if they are staggered, you can use another card while the statement for another cuts, and vice versa. But that's about all I know..


Pretty much for "float" purposes and not everything will be due at the same time for a variety of individuals.

Message 3 of 4
samm90
New Contributor

Re: advantages/disadvantages of staggered/nonstaggered statement cut dates and due dates?

And the advantage of them all being about the same time is simplicity of management.
Discover Tu 730(2/14) DCU Eq 725(2/28)

Bouncing back from new accts and inqs. Hope to be back over 760 soon.
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