@ukrboy30 wrote:
Thanks for the replies so far. I undestand what is balance due date and statement closing date.
Question 1. My BoA balance due date is 12.16. If i leave balance on the 16th equal to utiliz. of 1-9% and pay it by the end of the day, will i pay the interest? Or it means that if i dont pay on the 16th, i will start paying interest on the 17th.
What i want to do is let the BoA report suggested 1-9% for better credit score and not 0%. So since most credit cards report on the balance due date, i want to make sure that if i pay at 11:59 pm on the 16th, my utili. will be reported and i wont have any interest.
Question 2. I noticed once i pay in full, it takes 1 day for the payment to be posted to account. If i pay in full on the 16th (balance due date) than only on the 18 payment will be posted. So does it mean that i will pay interest even though i paid in full on the 16th? (balance due date)
Thank you.
It may not show up online until the 18th, but the payment date should be the date you made it -- ie: the 16th -- and it should show as such on your statement. If that's the case, then you shouldn't be charged any interest.
