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Changing Due/Statement dates

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xerostatus
Regular Contributor

Changing Due/Statement dates

Another thread reminded me of a lingering question I had:

 

When you change your due dates on your accounts, how does it work for the current and/or next billing cycle?

What i mean is, do they "pull" your new date up, or do they "push" the new date forward?

Put another way, does your current billing cycle "lose" some amount of days, or do you "gain" some days on the next billing cycle?

Basically, how would this play into someone who is PIF before statement cut to report $0?

 

Despite there being no real good reason (I'm not app'ing for anything anytime soon) I've been micromanaging all my accounts to make sure only 1 account reports, and prefer not to screw that up if/when i decide to change around some due dates.

Message 1 of 7
6 REPLIES 6
mongstradamus
Super Contributor

Re: Changing Due/Statement dates

For me they sent email that stated changing due dates,it took an while for it to show up on website, but eventually in the next statement cycle it showed up. Reason I wanted to change my due date was so discover would give me my fico score in middle of month 



EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16
Message 2 of 7
-NewGuy-
Moderator Emeritus

Re: Changing Due/Statement dates


@mongstradamus wrote:

For me they sent email that stated changing due dates,it took an while for it to show up on website, but eventually in the next statement cycle it showed up. Reason I wanted to change my due date was so discover would give me my fico score in middle of month 


When I have changed my due date, they have always pushed the date out rather than made it closer. If you call and ask I'm sure they would be happy to tell you.

Message 3 of 7
RushXTC
Established Contributor

Re: Changing Due/Statement dates

Do all card companies do that?

 

I would LOVE to have 50% of my cards due on a certain day and 50% due on another day. I hate how random it is....

 

Message 4 of 7
Man-Of-Steel
Established Contributor

Re: Changing Due/Statement dates

I love the fact that Discover and Capital One offered this option.  When I changed my due date with each company, they pushed the new date forward.  My due date each month is the 3rd, 4th, and 5th for each of my credit cards.

Message 5 of 7
Duke-of-Earl
Regular Contributor

Re: Changing Due/Statement dates

My experience changing two card accounts was one went forward, one backward.  I think it may depend on which way has a smaller shift.

 

I made the changes so I could get one of my four cards to close -- and report to the CRAs -- each week.  Worked out pretty well for a while, but it looks like BofA has just torpedoed it by changing to reporting at the end of the month.

 


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Message 6 of 7
abundancejones
Regular Contributor

Re: Changing Due/Statement dates

BOA reports at the end of the month now? Since when?

Message 7 of 7
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