What is the ideal statement date for you, considering you have more than 1 credit card?
I hold 10 cc as of now and my billing cycle dates below:What is the ideal statement date for you, considering you have more than 1 credit card?
Good to see 2 cutoffs u maintain for paymentsScattered throught month like @Wealth is my birth right! (it has its own benefits) but what I care about is payment dates.
For me, 14/16 (for cards due after 20th) and 28/30 (for cards due after 4th).
I remember only these two dates and check statements for those cards on that date and pay.
PF loan 15 days nowadays ✅What if some "hypothetical situation", you salary delayed by a week.?
I worried that, how much we can manage in that 1 week. since it has EMIs, Rent, Bills. Reducing burden half is my suggestion.
Note: Just personal experience maynot be suitable to you or all.
it depends on when one gets his monetary gains,should keep 7-10 days buffer.What is the ideal statement date for you, considering you have more than 1 credit card?
I completely agree that Ideally its better to have it on or before 5th of every month. As most of the bills are generated before 10th, it better to get the statement generated by 2nd so that you can use the maximum interest free period. It also completely depends on when your salary is credited.1st of every month, due date generally is around 18th to 20th.
Reason: Most of my payments & bills are around the first week of the month… therefore I am able to utilise the 45-50 day interest free credit period to the maximum possible
Let's say the salary is credited every 30th.I completely agree that Ideally its better to have it on or before 5th of every month. As most of the bills are generated before 10th, it better to get the statement generated by 2nd so that you can use the maximum interest free period. It also completely depends on when your salary is credited.