Billing and Payment

If you don’t know your credit card’s billing and payment details, you may find yourself stuck in a cycle of paying interest and fees. Learn how billing and payment work, and what you can do to be a responsible credit-card owner.

Everything You Need to Know About Credit Card Billing and Payments

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Frequently Asked Questions
  • How do you pay a credit card bill?

    You can pay your credit card bill several ways. The easiest way is to connect a bank account to your credit card account, then opt into automatic payments for the balance due, statement balance, or minimum payment. You can also set up bill pay through your bank account and make set monthly payments to your credit card account.

  • When should you pay a credit card bill?

    Ideally, you want to pay your credit card bill on or before the due date to avoid late fees. You can also make your payment before your statement closing date, which means your card issuer will report a lower balance to the credit bureaus. Also, if you pay your bill weekly, you can cut down on any interest charges that may be due.

  • When is your credit card bill due?

    Your credit card bill is due at least 21 days after your statement closing date. The period of time between the statement closing date and your due date is known as the “grace period.” You can view your credit card statement to see the exact due date for your account.

  • How do you pay a credit card bill online?

    There are two main ways to pay your credit card bill online: through your bank’s website or your credit card’s online account. Your bank will allow you to make one-time and recurring online bill payments to your credit card account, while your card’s online account will let you set up automatic payments. 

  • Is it bad to pay your credit card bill early?

    In most cases, no. However, it could be if you make a payment before your statement closing date. In some cases, paying too far in advance of your statement closing date will apply your payment to that billing cycle and you’ll still have a bill due on the next billing cycle’s statement.

Key Terms

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