Which Cards Have Calendar Month Statements?

value_of · ‎11-02-2022

Hi everyone. Long time lurker but I just joined this forum minutes ago I to ask this question:

Can you help me list the credit cards or issuers that sync your credit card statements with, you know, the calendar months that we all use in every other aspect of life and finance?

I have had some 20-25 credit card accounts over the last ten years. Currently I have about 10, including some by Citi, Chase, as well as the Apple Card, Alliant, M1 Finance, SoFi, AmEx Gold and X1 Card.

In my experience, I have only been getting calendar-month based statements by the Apple Card and by M1 Finance (a card powered by Deserve) although this one could be out of sheer coincidence (maybe I just applied for it on the 1st of the month?). I've tried to time my newer applications to get calendar month statements, but in the case of Alliant, they gave me a 2-week first statement with an end date right in the middle of the month -- precisely the opposite of what I wanted.

The Apple Card, in contrast, seems to do calendar months purpusefully -- my wife's also synced to the calendar.

Are there any others? This is a small detail but one that annoys me more than I'd like to admit. TIA

OmarGB9 · ‎11-02-2022

The only one I know of is US Bank.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:

Current FICO 8 scores:

Remedios · ‎11-02-2022

@OmarGB9 wrote:
The only one I know of is US Bank.

Not really. Statement dates are all over the place, it's just that they report balance from last businesses day of the month.

OP, if you want statement to close at the end of the month, just change your due date to what you want it to be.

value_of · ‎11-02-2022

OP, if you want statement to close at the end of the month, just change your due date to what you want it to be.

In my experience banks limit by how much you can change the due date. I think I had this argument with AmEx, they allowed me to get the statement end date close to the end of the month, but only to the 28th (maybe because their backend can't deal with a statement end date that varies each month, and that's precisely the issue)

Kforce · ‎11-02-2022

CC's have 3 dates

Due Date, Statement Date & Reporting Date.

Most issuers allow you to move your due date. (**)

Most have the statement 2-5 days after the due date.

Most report statement balance day or two after statement to CB's.

(1 week between 1st & last)

A few report balance on reporting date, not statement balance

(** ) Because of months having less/more days and Feb as a problem child, many limit moving due date to 25th or 26th as last day.

That pushes statement to 27th -29th.

Some always have statement last day of month, however a fixed early due date like 25th.

(Still always a week window between pay date & reporting)

I have managed to move all due dates between 24th - 26th

All statements fall 26th - End of month.

Not one day but a small time window.

Making it possible for a set date to pay all cards, and have reporting early following month.

As said above USBank reports last day of month/first of next month (never figured how I could tell the difference)

The balance on that day, not statement balance.

I have had 2 CU's that use end of month for statement date and a couple of days later report

Only current account I have that does this is First City Federal CU

Over the years many small CU's use end of month for statement date

Most banks do not seem to do this, as you have noted

value_of · ‎11-02-2022

Some always have statement last day of month, however a fixed early due date like 25th.
@Kforce wrote:
CC's have 3 dates
Due Date, Statement Date & Reporting Date.

Most issuers allow you to move your due date. (**)
Most have the statement 2-5 days after the due date.
Most report statement balance day or two after statement to CB's.
(1 week between 1st & last)

A few report balance on reporting date, not statement balance
(** ) Because of months having less/more days and Feb as a problem child, many limit moving due date to 25th or 26th as last day.
That pushes statement to 27th -29th.
Some always have statement last day of month, however a fixed early due date like 25th.
(Still always a week window between pay date & reporting)

I have managed to move all due dates between 24th - 26th
All statements fall 26th - End of month.

Not one day but a small time window.
Making it possible for a set date to pay all cards, and have reporting early following month.

As said above USBank reports last day of month/first of next month (never figured how I could tell the difference)
The balance on that day, not statement balance.

I have had 2 CU's that use end of month for statement date and a couple of days later report
Only current account I have that does this is First City Federal CU
Over the years many small CU's use end of month for statement date
Most banks do not seem to do this, as you have noted

Thank you for the thorough reply. These -- the ones with statement last day of the month -- are the ones I'm trying to identify. FWIW, though, my two DPs make things more confusing: both the Apple Card's and M1's Owner Rewards Card statements end on the last day of the month but payment is also not due until the next month's last day.

Kforce · ‎11-03-2022

@value_of wrote:

Thank you for the thorough reply. These -- the ones with statement last day of the month -- are the ones I'm trying to identify. FWIW, though, my two DPs make things more confusing: both the Apple Card's and M1's Owner Rewards Card statements end on the last day of the month but payment is also not due until the next month's last day.

Yes when I say due date, it is the previous cycles due date.

That date being 2-4 days before statement.

Thus allowing payment to post before statement gets calculated and reports.

No CU or Bank in my 50+ years of having cards has had due date & statement date as the same day.

Sounds like Apple and M1 might get lonely

NoMoreE46 · ‎11-03-2022

The Apple Card ends the cycle date at the end of the month and the due date is the following month's end date.

There are of course cards where you can pick the cycle dates to hopefully align with calendar end dates.

Remedios · ‎11-03-2022

@value_of wrote:
OP, if you want statement to close at the end of the month, just change your due date to what you want it to be.
In my experience banks limit by how much you can change the due date. I think I had this argument with AmEx, they allowed me to get the statement end date close to the end of the month, but only to the 28th (maybe because their backend can't deal with a statement end date that varies each month, and that's precisely the issue)

That's close enough.

value_of · ‎11-03-2022

....says who?!?