topic What determines a statement closing date? in Credit Cards

What determines a statement closing date?

Anonymous — Sat, 25 Aug 2012 01:05:09 GMT

What determines the closing date for a credit card statement? Is it 30 days after your approved for an account or pre-determined date that they use?

Re: What determines a statement closing date?

Anonymous — Sat, 25 Aug 2012 01:06:38 GMT

Depends on the lender. With big lenders, usually set when they send out card. Not sure why big deal as you can change statement date.

Re: What determines a statement closing date?

creditnocash — Sat, 25 Aug 2012 02:15:36 GMT

@Anonymous wrote:
Depends on the lender. With big lenders, usually set when they send out card. Not sure why big deal as you can change statement date.

hmm how is this done? my best buy and macy's are due on the 27th and the 21st. if i can move all my cards to around the 9th that would be alot of help.

and yes i had this probelm that i sent money out the day the statements came out (not knowing they did because it takes a day for them to accept payment) and 2 new accounts reported balances =/.

Re: What determines a statement closing date?

trumpet-205 — Sat, 25 Aug 2012 02:17:14 GMT

@OlegWasHere wrote:
@Anonymous wrote:
Depends on the lender. With big lenders, usually set when they send out card. Not sure why big deal as you can change statement date.
hmm how is this done? my best buy and macy's are due on the 27th and the 21st. if i can move all my cards to around the 9th that would be alot of help.

and yes i had this probelm that i sent money out the day the statements came out (not knowing they did because it takes a day for them to accept payment) and 2 new accounts reported balances =/.

Just call them and ask to the change payment due date. Statment usually closes 4 to 6 days after payment due date.

Re: What determines a statement closing date?

Anonymous — Sat, 25 Aug 2012 02:30:30 GMT

I've had a few of my statement closing dates changed including my car loan and AT&T. DirecTV doesn't do it.

Re: What determines a statement closing date?

Anonymous — Sat, 25 Aug 2012 07:25:32 GMT

@Anonymous wrote:
I've had a few of my statement closing dates changed including my car loan and AT&T. DirecTV doesn't do it.

can't really consider AT&T and directv as they aren't credit products. Most lending products let you change statement dates. Notable exceptions include small cu who might have same statement date for everyone, and mortgages and installment loans.

Re: What determines a statement closing date?

Anonymous — Sat, 25 Aug 2012 09:10:34 GMT

@Anonymous wrote:
@Anonymous wrote:
I've had a few of my statement closing dates changed including my car loan and AT&T. DirecTV doesn't do it.
can't really consider AT&T and directv as they aren't credit products. Most lending products let you change statement dates. Notable exceptions include small cu who might have same statement date for everyone, and mortgages and installment loans.

No, just pointing out my experience with them.

Re: What determines a statement closing date?

Anonymous — Sat, 25 Aug 2012 16:19:49 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I've had a few of my statement closing dates changed including my car loan and AT&T. DirecTV doesn't do it.
can't really consider AT&T and directv as they aren't credit products. Most lending products let you change statement dates. Notable exceptions include small cu who might have same statement date for everyone, and mortgages and installment loans.
No, just pointing out my experience with them.

Due dates can not vary (by Law). But statement dates can vay, but they must meet the minimum days notice of amount due.