Question on Credit Card Timing

[rachel09985]

Hi. I have a quick question. I just got a Delta Skyles AmEX and want to pay off in full each month so I don't get interest.

I have new charges on there. It says the closing date is March 25th. Does that mean I will get a bill on March 26th or so and the payment won't be due until April 26th or so? And if I pay it off by April I won't get interest?

Or do I have to pay it off by closing date, March 25th?

 

[Marionnette]

Hi. I have a quick question. I just got a Delta Skyles AmEX and want to pay off in full each month so I don't get interest.

I have new charges on there. It says the closing date is March 25th. Does that mean I will get a bill on March 26th or so and the payment won't be due until April 26th or so? And if I pay it off by April I won't get interest?

Or do I have to pay it off by closing date, March 25th?

Chances are that AmEx will not generate your statement until 3/28 or so but I'm pretty sure that your next payment would be due on 4/25 - exactly one month following the date that your last payment was due.

If you pay it in full on or before the due date, you will not have to pay interest as long as you are not carrying a balance forward from the previous billing cycle.

 

[rachel09985]

Chances are that AmEx will not generate your statement until 3/28 or so but I'm pretty sure that your next payment would be due on 4/25 - exactly one month following the date that your last payment was due.

If you pay it in full on or before the due date, you will not have to pay interest as long as you are not carrying a balance forward from the previous billing cycle.

Thanks! I think that answers my question.