topic Re: Question about balance reported when statement cuts in Credit Cards

Question about balance reported when statement cuts

Anonymous — Mon, 17 Sep 2012 16:44:29 GMT

Let's say I have a card with the following:

Limit: $1,000

Posted balance: $200

Pending Charges: $100

Available Credit: $700

If the statement cuts before those pending charges are finalized, will the reported balance be $200 or $300? It seems like it would make sense for the actual posted balance of $200 to be reported, since the pending charges could still change. I've never bothered to check on the timing for pending charges around the statement date though, so I'm not sure.

Re: Question about balance reported when statement cuts

Walt_K — Mon, 17 Sep 2012 16:54:57 GMT

$200. Whatever is printed on your bill is what is going to get reported (for most cards, some report end of month).

Re: Question about balance reported when statement cuts

Razeus — Mon, 17 Sep 2012 16:57:00 GMT

And the beauty of it is that if your statement cuts today, you can charge something today and you won't have to pay that bill until November's due date.

Re: Question about balance reported when statement cuts

Anonymous — Mon, 17 Sep 2012 17:07:26 GMT

@Razeus wrote:
And the beauty of it is that if your statement cuts today, you can charge something today and you won't have to pay that bill until November's due date.

I plan some purchases to make use of this!