Credit Card Billing Cycle Tips

Author: rmecseki
Posted: Fri Oct 14, 2005 10:51 am
Post subject: Which billing cycle is effected by the purchase?

Today the following information can be seen on my CHASE account:


Outstanding balance $0

Payment due date 10/21/2005

Minimum payment due $0.00


My outstanding balance was $0 each day in this billing cycle. I have not used my CHASE card in this billing cycle until today when I purchased something for $100. I suppose this will show on my account on 10/16/2005. Because of this purchase will the "minimum payment due" change for this billing cycle?

Obviously if I had made this purchase on 9/23/2005 my minimum payment would not be $0 now! When does the purchase effect the minimum payment of the current billing cycle and when the next billing cycle?

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Author: JaneiR36
Posted: Fri Oct 14, 2005 1:35 pm
Post subject: Credit Card Billing Cycle Tips

All purchases made after you've been issued a statement go on the next bill. With your payment due 10/21, it seems you are about to get another statement already? 'Cos that's where the 10/16 statement will be.