When do you have your due date.

[Anonymous]

I grabbed a few new cards and all the due dates are slightly different and annoying me. I want one due date for all. When should that day be? Mind you that I really want to do is be able to have the statement cut on the same day every month, but I can't control that. Only the Due date and the statement cut date is realitive to that. What makes sense. he 1st, the 5th, 10, 15th, 20, 25. 

[lg8302ch]

I left all the due dates as they were because I like the fact that there is different closing dates. Twice a year before an app I do zero balance reporting but like this I can always use several cards and still accomplish this without stop using the cards. The rest of the time I simply pay twice a month my bills and include the cards that have closed their statement. Honestly I do not even know my due dates as I have set auto pay for the minimum but only as a safetynet (just in case I ever forget) and like this I can flexible decide how much I will pay (in full or carry a balance). For me that works best like this.

[takeshi74]

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@Anonymous wrote:

I want one due date for all. When should that day be?

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@Anonymous wrote:

What makes sense. he 1st, the 5th, 10, 15th, 20, 25. 

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It's all up to you.  I don't bother changing the due dates and use whatever the creditor assigns.

[Anonymous]

Any date that works for you is fine. I don't change any of my due dates. I just set all my CCs that allow it to PIF automatically every month (or you can do minimum payment and pay the rest manually). This way the payments are automatic, and I don't have to worry about it. Once a month I audit all my payments and bank records to verify everything looks correct. For me, everything is basically automatic. My paycheck is direct deposited to my bank account. My payments are made by CCs or bank account transfers automatically for all my recurring payments (utilities, rent, etc). My credit cards are automatically paid in full each month. Everything runs by itself as long as I go to work and get paid each month. I do occasionally go in and move money from my checking account to savings and from savings to my investment accounts (about once every third month). 

If you don't want to automize payments or can't afford to (e.g. don't PIF each month or need more manual control), you can do everything manually. Again, pick a day that works for you and make sure you make all the payments on that day and make sure all your statement cuts and the payments are due after that day for all cards. You don't want to make a payment on the third, have the statement cut on the 5th, and your due date become the 30th. Your payment on the third won't count towards the statement, and you could end up paying late fees and damaging your credit. Consider things like how you get paid (monthly, biweekly, twice a month, etc) and whether you have a few months of savings in your bank account. For example, if you live paycheck to paycheck and are paid biweekly, you might want to spread out when payments are due so you can make all the payments. However, once you have some savings (which you should strive to do), the specific payment date is not too important. 

For me, automatic payments work best. I don't want to deal with worrying about whether I missed a payment or not. All my bills are automatically paid, and I just verify everything is correct once a month. 

[Anonymous]

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@Anonymous wrote:

I grabbed a few new cards and all the due dates are slightly different and annoying me. I want one due date for all. When should that day be? Mind you that I really want to do is be able to have the statement cut on the same day every month, but I can't control that. Only the Due date and the statement cut date is realitive to that. What makes sense. he 1st, the 5th, 10, 15th, 20, 25. 

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The 10th gives you a bit more breathing room after rent lol. I have my due dates from the 2nd-4th. Like you I want my statement to cut around the same time of the month. I do not like playing the waiting game when I can control things. 

[aav]

I get paid twice a month. About half of my bills are due around the first of the month (1st, 2nd, 8th, 8th) the other half are due around or after the middle of the month (19th, 19th, 20th, 20th, 23rd, etc.). I pay them manually on the 1st and 15th. I have a spreadsheet that I check routinely to update balances and payments.

[Anonymous]

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@Anonymous wrote:

Any date that works for you is fine. I don't change any of my due dates. I just set all my CCs that allow it to PIF automatically every month (or you can do minimum payment and pay the rest manually). This way the payments are automatic, and I don't have to worry about it. Once a month I audit all my payments and bank records to verify everything looks correct. For me, everything is basically automatic. My paycheck is direct deposited to my bank account. My payments are made by CCs or bank account transfers automatically for all my recurring payments (utilities, rent, etc). My credit cards are automatically paid in full each month. Everything runs by itself as long as I go to work and get paid each month. I do occasionally go in and move money from my checking account to savings and from savings to my investment accounts (about once every third month). 

If you don't want to automize payments or can't afford to (e.g. don't PIF each month or need more manual control), you can do everything manually. Again, pick a day that works for you and make sure you make all the payments on that day and make sure all your statement cuts and the payments are due after that day for all cards. You don't want to make a payment on the third, have the statement cut on the 5th, and your due date become the 30th. Your payment on the third won't count towards the statement, and you could end up paying late fees and damaging your credit. Consider things like how you get paid (monthly, biweekly, twice a month, etc) and whether you have a few months of savings in your bank account. For example, if you live paycheck to paycheck and are paid biweekly, you might want to spread out when payments are due so you can make all the payments. However, once you have some savings (which you should strive to do), the specific payment date is not too important. 

For me, automatic payments work best. I don't want to deal with worrying about whether I missed a payment or not. All my bills are automatically paid, and I just verify everything is correct once a month. 

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+1