topic Re: Statement close date question. in Credit Cards

Statement close date question.

H4LO — Fri, 21 Mar 2014 20:28:06 GMT

Silly noob question.

My statement close date is today on my Freedom.

If I make a payment today, will it show as $0 when it reports?

Tried searching but didn't know what keywords to use lol.

Re: Statement close date question.

gdale6 — Fri, 21 Mar 2014 20:32:59 GMT

It should, assuming they actually credit it today

Re: Statement close date question.

WNA888 — Fri, 21 Mar 2014 20:46:45 GMT

If you make a payment to your Chase CC by 8PM EST, it will post in time for the statement closing. Remember that you have to make the payment on Chase's website, which means no Bill Pay services from your checking acct.

Alternatively, you can make payment at the Chase branch, and by the federal CARD ACT of 2009, it is required to be posted the same day.

Re: Statement close date question.

adavis425 — Fri, 21 Mar 2014 20:51:04 GMT

@WNA888 wrote:
If you make a payment to your Chase CC by 8PM EST, it will post in time for the statement closing. Remember that you have to make the payment on Chase's website, which means no Bill Pay services from your checking acct.

Alternatively, you can make payment at the Chase branch, and by the federal CARD ACT of 2009, it is required to be posted the same day.

Also, after 8 pm but before midnight, you can pay by phone by calling the number on the back of your card and they'll credit it the same day for you.

Re: Statement close date question.

H4LO — Fri, 21 Mar 2014 21:13:57 GMT

@gdale6 wrote:
It should, assuming they actually credit it today

Thanks guys.

I was intending to pay it but wasn't sure if it'd report a balance or not.

Re: Statement close date question.

WNA888 — Fri, 21 Mar 2014 22:52:59 GMT

@adavis425 wrote:
@WNA888 wrote:
If you make a payment to your Chase CC by 8PM EST, it will post in time for the statement closing. Remember that you have to make the payment on Chase's website, which means no Bill Pay services from your checking acct.

Alternatively, you can make payment at the Chase branch, and by the federal CARD ACT of 2009, it is required to be posted the same day.
Also, after 8 pm but before midnight, you can pay by phone by calling the number on the back of your card and they'll credit it the same day for you.

My Chase statements usually closes around 9 to 10pm on the day of the statement closing date. One time, on the day of the statement closing date, I was tired and fell asleep, I woke up at around 10PM. I made a payment immediately, but it did not show in the statement since it was already in the process of being closed. However, the payment did have a post date of the closing date, but it was rolled over to the next billing cycle. So my statement didn't close with a zero balance. And also, since I was carrying a small balance at that time, the system immediately generated a statement credit for the interest rate on the next billing cycle. Just sharing my experience.