In my experience with Discover, the closing date and due date stay really close to the same from month to month. Holidays and weekends will move them a day earlier or later.
@Anonymous wrote:
Hi all,
I apologize in advance if this isn’t the correct place to post. I’m a bit confused by how Discover’s statements are released. I got a Discover secured card last month. I used it the same day I got it and not long after received notice that a statement was available. Now I’m trying to figure out when my next statement will come out and I just can’t seem to work it out. (Am I thinking too much into this or just dumb? Lol) Here’s a photo: https://imgur.com/a/riOIT4r.
My open date is May 29th and close date June 3rd. My statement due date is July 1st. Does this mean my close date is July 3rd? I’m pretty sure my next due date will be August 1st...unless I’m just totally wrong here. Should I just wait to see if this month will be different? I feel like capital one is way more straight forward.
Login to your account. Top of page click on Activity and Payments then Activity and Statements. Look to the right colum for the box with the dates. There's your statement date.
I think he has it right...
Billing cycle 1 May 29th-Jun 3rd
Billing cycle 2 Jun 4th-Jul 3rd - cycle 1 due Jul 1st
Billing cycle 3 Jul 4th-Aug 3rd - cycle 2 due Aug 1st
Billing cycle 4 Aug 4th-Sept 3rd - cycle 3 due Sept 1st
Etc
Etc
Don't overthink the last cycles due date with the closing of the current cycle. Remeber they need time to generate the statement, mail it to you, and you mail back a check (historically) 🤪
Billing cycle 1 May 29th-Jun 3rd
Billing cycle 2 Jun 4th-Jul 3rd - cycle 1 due Jul 1st
Billing cycle 3 Jul 4th-Aug 3rd - cycle 2 due Aug 1st
Billing cycle 4 Aug 4th-Sept 3rd - cycle 3 due Sept 1st
Etc
Etc
Don't overthink the last cycles due date with the closing of the current cycle. Remeber they need time to generate the statement, mail it to you, and you mail back a check (historically) 🤪
All of my cards are due 15 days after the statement cuts... so if a holiday or other non-business day forces my statement to cut on the 2nd instead of the 1st (example dates only) my due date would be the 16th instead of the 15th.
Unless of course the 16th is also a holiday then it becomes due the first business day after the 16th.
By law they can't decide that this month you get 20 days after statement CIT before due date; and next month you only get 4 days between. The way I read and understand it (which might not apply to all states or territories), the creditor must provide enough time for customer to receive the bill, and provide enough (reasonable) time to allow the customer to mail a paper check back to the creditor without causing any undue harm or creating penalties.
I do have an account that pushes the phrasing to its limits, but it is clearly stated in ToS that if you choose eStatements AND automatic payments, your auto payment will be drafted on the 5th day after statement cut. If both aren't met they give you 25 days from statement cut (have to banks).
Unless of course the 16th is also a holiday then it becomes due the first business day after the 16th.
By law they can't decide that this month you get 20 days after statement CIT before due date; and next month you only get 4 days between. The way I read and understand it (which might not apply to all states or territories), the creditor must provide enough time for customer to receive the bill, and provide enough (reasonable) time to allow the customer to mail a paper check back to the creditor without causing any undue harm or creating penalties.
I do have an account that pushes the phrasing to its limits, but it is clearly stated in ToS that if you choose eStatements AND automatic payments, your auto payment will be drafted on the 5th day after statement cut. If both aren't met they give you 25 days from statement cut (have to banks).
@chiefone4u wrote:
All of my cards are due 15 days after the statement cuts... so if a holiday or other non-business day forces my statement to cut on the 2nd instead of the 1st (example dates only) my due date would be the 16th instead of the 15th.
Unless of course the 16th is also a holiday then it becomes due the first business day after the 16th.
By law they can't decide that this month you get 20 days after statement CIT before due date; and next month you only get 4 days between. The way I read and understand it (which might not apply to all states or territories), the creditor must provide enough time for customer to receive the bill, and provide enough (reasonable) time to allow the customer to mail a paper check back to the creditor without causing any undue harm or creating penalties.
I do have an account that pushes the phrasing to its limits, but it is clearly stated in ToS that if you choose eStatements AND automatic payments, your auto payment will be drafted on the 5th day after statement cut. If both aren't met they give you 25 days from statement cut (have to banks).
Two weeks seems like a very short grace period. Discover cuts on the 25th for me and due on the 20th. Cap One is a little more loose and cuts on the 12th but the due dates is anywhere from the 8th to 12th. Amex business statement/due seems to be consistent at 25 days.
