New chase card and first statement cut

[red259]

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@Anonymous wrote:

In looking at the dates again, I think I was incorrect.  Most likely you will receive a statement dated 2/15 with the due date of 3/12 so I would wait a few days and see what happens

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Then I am screwed because I made the charge already. 

[Anonymous]

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@red259 wrote:

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@Anonymous wrote:

In looking at the dates again, I think I was incorrect.  Most likely you will receive a statement dated 2/15 with the due date of 3/12 so I would wait a few days and see what happens

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Then I am screwed because I made the charge already. 

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Not necessatily.  If the charge doesnt post by tomorrow, you'll be fine

[Anonymous]

Also, in looking at all my Chase accounts, if something posts between the due date and the statement date 3 days later, it goes on subsequent statement.  If you made your charge after 2/12, it wont be on this statement  (2/15) but the next one.

[EdMan63]

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@Anonymous wrote:

Also, in looking at all my Chase accounts, if something posts between the due date and the statement date 3 days later, it goes on subsequent statement.  If you made your charge after 2/12, it wont be on this statement  (2/15) but the next one.

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This is good to know. I always avoid charging anything during those 3 days to avoid additional  postings. Now I won't worry about it. 

[red259]

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@Anonymous wrote:

Also, in looking at all my Chase accounts, if something posts between the due date and the statement date 3 days later, it goes on subsequent statement.  If you made your charge after 2/12, it wont be on this statement  (2/15) but the next one.

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Ok that is good to know.

[red259]

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@Anonymous wrote:

Also, in looking at all my Chase accounts, if something posts between the due date and the statement date 3 days later, it goes on subsequent statement.  If you made your charge after 2/12, it wont be on this statement  (2/15) but the next one.

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Just an update. This information turned out to be wrong. My charges made after the due date but before the new statement cut went onto this statement. This puts me in a very bad spot because I can't be sure all the vendor payments will be in on time whereas there wouldn't be any issue covering the charges if they were on the next cycle.  

[FinStar]

Honestly, and provided it could have waited a couple days, I would've placed the charge on 2/16 or 2/17.  IME, just how Chase does their batch processing and also depending how fast the vendor or merchant releases the transaction for posting.  Some transactions caught in the middle of what I call "eeeek" land (between the due date and cycle/statement date) can either work in your favor or against depending on when they post.

I suppose this is a lesson learned and can help others time their transactions to avoid issues.  Depending on how large this transaction is on your statement, it appears you may need to carry it for two cycles depending on when everything is settled?

[tacpoly]

An easy way to think about it:  any purchase posted (i.e. not pending) to your account when the statement is cut will be included in that statement.  The cut-off for including purchases in a statement is the statement-cut date, not the due date. 

I would have thought the difficult part here was figuring out when the statement-cut date is as this was the first statement; ironically, people seems to have correctly determined that.