Im new to the credit world, just a baby kid. Anyway, My payment is due on the 19th of every month. Lets say I pay it off on the 16th, but then on the 18th i spend again. Will i have to pay that off too, or will that roll over to my next months payment?
2007-12-12 13:07:11 · 8 answers · asked by Kyle 2 in Business & Finance ➔ Credit
That'll show up and be due on the next cycle.
Provided you've paid off the entire bill/are not carrying a balance you'll get what's known as a grace period, i.e. you're using the credit cards money for free because you're not paying interest on it. Otherwise interest will accrue from the time the credit card receives the payment request.
2007-12-12 13:10:28 · answer #1 · answered by feanor 7 · 0⤊ 0⤋
As long as you pay the amount that's due on the due date, you're good. There are two important dates on a credit card bill. The "cut-off" date is the last date for charges you made to appear on the bill. The "payment due" date is approximately 20-25 days after the "cut-off" date. Anything that's charged after the cut-off date will be included on the next bill and doesn't need to be paid until the due date for that bill.
If you're not aware, you should always pay the full balance every month. If you pay only the minimum payment, the interest charges will start piling up and you'll owe a bunch of extra money that you get nothing for. One of the easiest ways to get in financial trouble is to run up credit card debt by not paying off the full bill every month.
2007-12-12 13:11:02 · answer #2 · answered by Dave W 6 · 1⤊ 0⤋
i am 99 percent sure it will roll over. the way most credit cards work is that they have a "cycle." At the end of each cycle, they tally up what you spent, what interest has accrued,etc. They then send you a bill and start the next cycle. Basically, your next cycle started before you even got the bill, and the due date for that bill is pretty unimportant. If you wanted, you could even call your credit card company and ask to change the day that your bills are due, if that makes things easier for you. The point is that, if you pay your bills on time, you'll seamlessly go from one cycle to the next.
the only thing you would need to worry about is if you are close to your maximum limit. you need to make sure that any payments you have made are credited to your account (sometimes they'll take a few days to process) before making big purchases that could put you over.
2007-12-12 13:17:49 · answer #3 · answered by Sancho Nelson Reiley 3 · 1⤊ 0⤋
You won't have to pay on new charges till next month BUT you be wise to wait if possible before charging again to avoid paying interests the second you charge new item. How long you get before interest gets charged on new purchases with zero balance depends on card you re using. They all hit you with interests if your balance isn't zero,
2007-12-12 13:25:03 · answer #4 · answered by Mister2-15-2 7 · 0⤊ 0⤋
As long as you pay the current statement it will be okay! It will roll over! Be careful with the card!! :]
2007-12-12 13:11:23 · answer #5 · answered by Ashlee 4 · 1⤊ 0⤋
It will roll over. You have paid the current statement.
2007-12-12 13:10:19 · answer #6 · answered by ed 7 · 0⤊ 0⤋
unfortunatly for u if purchase is credited on 18th it may be billable on 19.
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2007-12-12 13:11:46 · answer #7 · answered by Anonymous · 0⤊ 2⤋
It would roll over & you would be charged intrest again.
2007-12-12 13:11:54 · answer #8 · answered by Little Lisa 3 · 0⤊ 0⤋