Credit Card Account Statement Closing Date

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On your credit card, the account statement closing date is last day of the billing cycle. Finance charges are calculated and added to your balance. All transactions you made between the previous account statement closing date and the current statement closing date will be included the billing statement that’s generated on the account statement closing date.

Note that your credit card billing statement doesn’t typically include the upcoming closing date, but you can calculate it by adding the number of days in your billing cycle to the previous account statement closing date (which is on your billing statement).

For example, say your previous credit card statement had an account closing date of April 2nd and there are 29 days in your billing cycle. Your next account statement closing date would be May 1st. All the transactions between April 3rd and May 1st will be included on your next credit card billing statement.

Your account statement closing date is not your payment due date. In fact, you’ll have several days after your account statement closing date to send at least the minimum credit card payment and be considered on time.

Many credit card issuers report to the credit bureaus on the account statement closing date. This may be particularly important if you’re trying to keep your reported balances low to improve your credit score or to be approved for a major loan. If so, you’ll need to pay down your balance before the account statement closing date so a lower balance will be updated on your credit report.