topic Re: What's the best statement due date to pick for citi Custom Cash? in Credit Cards

What's the best statement due date to pick for citi Custom Cash?

ptatohed — Sat, 05 Oct 2024 08:10:35 GMT

Since a lot of us use our citi Custom Cash(es) as fill-ins for our quarterly 5% rotators that might be missing an important category that quarter, I started thinking about what the statement/payment due date should be for the CC. Since the citi CC is 5% highest spend per billing (not per calendar month), shouldn't we try to have the billing cycle align with the beginning of a quarter (i.e. beginning (or end?) of each calendar month)?

I looked and both my CCs had statement dates in the 20's. I think that means I run the risk of 20+ days of 1% (instead of 5%) in a certain spend category, if the beginning of the month started a new quarter and I switched my CC spending from, say, gas to dining to work with my rotators. It's after 1am, but am I making sense? lol

I changed both my CCs to the 1st of the month (I thought about the end the month but I couldn't pick higher than the 28th). Is the 1st the right move for the citi CC? Particularly when I might want to change my highest spend cat to align with the start of a new quarter?

Thanks in advance all!

Re: What's the best statement due date to pick for citi Custom Cash?

yam1rts — Sat, 05 Oct 2024 08:37:25 GMT

Do you still use the AOD? Recommend? Is it for everyone or only members of something?

Re: What's the best statement due date to pick for citi Custom Cash?

Varsity_Lu — Sat, 05 Oct 2024 10:19:31 GMT

@ptatohed

So, let me get this straight: you carry 6 cards in your wallet (3 rotators, AOD, and 2 CCC) and shuffle them all around for various spending categories each month/quarter? Each card for one category of purchase? And the cards that get used for each category change all the time? Pretty much 5% a cross the board except for AOD? Do you also carry all your 5% store cards? Man, that seems like an bear to keep organized.

Re: What's the best statement due date to pick for citi Custom Cash?

Anonymous — Sun, 06 Oct 2024 03:26:59 GMT

@ptatohed

Then wouldn't you want your statement to close on the 1st not due on the 1st? Or close as close to the first they allow (2nd,3nd) ?

https://ficoforums.myfico.com/t5/Credit-Cards/CitiBank-closing-date-rhyme-or-reason/m-p/6787010/highlight/true#M1875821

@Varsity_Lu

If I didn't have my 7 daily drivers in my wallet how could I category spend?

Re: What's the best statement due date to pick for citi Custom Cash?

Varsity_Lu — Sat, 05 Oct 2024 15:20:03 GMT

@Anonymous wrote:@

@Varsity_Lu
If I didn't have my 7 day drivers in my wallet how could I category spend?

I'm new to this CC game. Not sure what you mean by this.

Re: What's the best statement due date to pick for citi Custom Cash?

NoHardLimits — Sat, 05 Oct 2024 16:26:41 GMT

@Anonymous wrote:
@ptatohed
Then wouldn't you want your statement to close on the 1st not due on the 1st? Or close as close to the first they allow (2nd,3nd) ?

https://ficoforums.myfico.com/t5/Credit-Cards/CitiBank-closing-date-rhyme-or-reason/m-p/6787010/highlight/true#M1875821

@Anonymous is correct. I have my Citi cards set to a due date of the 27th. My statements usually close on the 1st.

Re: What's the best statement due date to pick for citi Custom Cash?

Kforce — Sat, 05 Oct 2024 16:30:46 GMT

@Anonymous wrote:

If I didn't have my 7 day drivers in my wallet how could I category spend?

"Non category spend "

Re: What's the best statement due date to pick for citi Custom Cash?

NoHardLimits — Sat, 05 Oct 2024 16:47:27 GMT

@Kforce wrote:
@Anonymous wrote:

If I didn't have my 7 day drivers in my wallet how could I category spend?

"Non category spend "

Load some of the cards into a mobile wallet? I have over a dozen credit cards, but I rarely carry more than 3 at a time in my wallet. The others are used online, or rotated in/out as needed. My rule is for the 3 carried cards to be from 3 different banks and on 3 different payment networks.

Re: What's the best statement due date to pick for citi Custom Cash?

Anonymous — Sun, 06 Oct 2024 03:28:01 GMT

@Kforce wrote:
@Anonymous wrote:
If I didn't have my 7 daily drivers in my wallet how could I category spend?
"Non category spend "

Right?

@Varsity_Lu wrote:
@Anonymous wrote:@
If I didn't have my 7 daily drivers in my wallet how could I category spend?
I'm new to this CC game. Not sure what you mean by this.

@Varsity_Lu

What I mean is if I had one or two cards that included all my catagories I would only carry the one or two.

I have 7 cards that cover my categories and I carry them all. I have 3 that don't need to travel.

(And add two debit cards to the 7)

I had 6 cards and 4 at home until a few weeks ago. I went to the pharmacy and didn't expect a charge. Was suprised at the $15 bill and didn't have the correct card with me. I lost .52 cents because I used the wrong card.

@NoHardLimits wrote:
@Kforce wrote:
@Anonymous wrote:
If I didn't have my 7 daily drivers in my wallet how could I category spend?
"Non category spend "
Load some of the cards into a mobile wallet? I have over a dozen credit cards, but I rarely carry more than 3 at a time in my wallet. The others are used online, or rotated in/out as needed. My rule is for the 3 carried cards to be from 3 different banks and on 3 different payment networks.

Mobile wallet? Let me tell you what I think about giving all my CCs to one corporation AND handing them my aggregated spending data.

*Multiple Egregious TOS Violations*

Now I have that off my chest. "Card in hand" is "Card in hand"

Re: What's the best statement due date to pick for citi Custom Cash?

Varsity_Lu — Sun, 06 Oct 2024 02:27:26 GMT

@Anonymous wrote:
@Kforce wrote:
@Anonymous wrote:
If I didn't have my 7 day drivers in my wallet how could I category spend?
"Non category spend "
Right?

@Varsity_Lu wrote:
@Anonymous wrote:@
If I didn't have my 7 day drivers in my wallet how could I category spend?
I'm new to this CC game. Not sure what you mean by this.
@Varsity_Lu
What I mean is if I had one or two cards that included all my catagories I would only carry the one or two.
I have 7 cards that cover my categories and I carry them all. I have 3 that don't need to travel.
(And add two debit cards to the 7)

@NoHardLimits wrote:
@Kforce wrote:
@Anonymous wrote:
If I didn't have my 7 day drivers in my wallet how could I category spend?
"Non category spend "
Load some of the cards into a mobile wallet? I have over a dozen credit cards, but I rarely carry more than 3 at a time in my wallet. The others are used online, or rotated in/out as needed. My rule is for the 3 carried cards to be from 3 different banks and on 3 different payment networks.
Mobile wallet? Let me tell you what I think about giving all my CCs to one corporation AND handing them my aggregated spending data.
*Multiple Egregious TOS Violations*
Now I have that off my chest. "Card in hand" is "Card in hand"

I'm beginning to see how seriously you all take this stuff. I carry the same three cards all the time and the categories never change, and I still have to think about which card to pull out. It drives me nuts. I'd go insane if I had the complexity you have. Hats off to you. It's impressive that you can keep it all straight. I wouldn't be able to.

Re: What's the best statement due date to pick for citi Custom Cash?

Anonymous — Sun, 06 Oct 2024 02:32:15 GMT

@Varsity_Lu wrote:
I'm beginning to see how seriously you all take this stuff. I carry the same three cards all the time and the categories never change, and I still have to think about which card to pull out. It drives me nuts. I'd go insane if I had the complexity you have. Hats off to you. It's impressive that you can keep it all straight. I wouldn't be able to.

@Varsity_Lu

I got in to CCs simply to save money. I can pay less if I use money in the left pocket rather than the right pocket. Or vice versa.

Re: What's the best statement due date to pick for citi Custom Cash?

ptatohed — Sun, 06 Oct 2024 07:11:04 GMT

Ok, J-J-S and NHL gave me my answer. Very helpful and so glad I asked. Thanks guys!!

I'll set my two CCs to a 27th due date.

@Anonymous @NoHardLimits

Re: What's the best statement due date to pick for citi Custom Cash?

DoppelgangerD — Sun, 06 Oct 2024 16:34:05 GMT

@ptatohed wrote:
Ok, J-J-S and NHL gave me my answer. Very helpful and so glad I asked. Thanks guys!!

I'll set my two CCs to a 27th due date.

@Anonymous @NoHardLimits

Yep, since you can't pick the closing date, pick the due date as the 27th and the closing date should be the 1st most of the time.

Before I decided on the 27th long ago, I did debate on if I should adjust it so that it would close around the 3rd or 4th, so that way I could make charges all the way to the end of the month, but then of course realized it's better to just make it the same as other cards so that pending charges work the same (IE: don't charge anything 3-5 days before the closing date for it to count toward the current billing cycle).

I currently use both of my CCC cards for the same categories every month, so that also makes it easier to organize spending.

Re: What's the best statement due date to pick for citi Custom Cash?

NoHardLimits — Sun, 06 Oct 2024 19:25:56 GMT

@Anonymous wrote:
@NoHardLimits wrote:
Load some of the cards into a mobile wallet? I have over a dozen credit cards, but I rarely carry more than 3 at a time in my wallet. The others are used online, or rotated in/out as needed. My rule is for the 3 carried cards to be from 3 different banks and on 3 different payment networks.
Mobile wallet? Let me tell you what I think about giving all my CCs to one corporation AND handing them my aggregated spending data.
*Multiple Egregious TOS Violations*
Now I have that off my chest. "Card in hand" is "Card in hand"

Well, I already use some of their other services like email and browsers. I just assume they can scan my online activity (which would include bank notifications for every credit card purchase I make) if they really want that information. For me, using mobile wallet won't give them anything they can't already figure out in other ways.