How to Pay Your Credit Card

 When To Pay Your Credit Card Bill?

You will have 21 days from the statement date to get the payment to the Credit Card Company.  If you are mailing your payment it can take up to five business days for your payment to reach the credit card company.  It is a good idea to pay your credit card bill as soon as you get it.   If you miss it by one day they can charge you interest back to the date of the charges and a late fee.   Do not be late.


When is the Payment Due?

The Payment Due Date is stated on every bill and it will be the same numerical day every month.  So this month's bill shows a Payment Due Date of July 17th, then every bill will have a Payment Due Date of the 17th.


Should I Leave a Small Balance on My Credit Card?

No.  There is no benefit to your credit score or your relationship with the bank to leaving a balance unpaid.  Always pay your credit card bill in full.  The credit card company makes money just by you spending money on the card since they charge the merchant a fee. They do not need you to pay them interest also.  

How do I Avoid Paying Interest on my Credit Cards?

I pay my payment in full before the Payment Due Date every month and you will never be charged interest or a late payment fee.


Pay with Autopay

I use Autopay from my checking account to pay my credit cards. I keep a few hundred more in my checking account all the time so my credit card payments never bounce. You can set this up to pay from your Checking account or savings account at most bankis. Some banks have a maximum of five withdrawals per month from your savings account. You might want to check this out when you are setting up autopay.

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