When is the right time to pay credit card statement?

In my monthly statement, it says the minimum monthly payment, but I want to pay more than that to pay it off sooner. Is it best to pay more or extra (above the minimum amount due) before, after, or at the payment due date? Does it make a difference when I make the extra payments before the next due date comes? I'm just trying to minimize the amount of interest charged, so I'm thinking if I make extra payments before every due date, rather than afterwards, or does it really matter?|||You have to pay at least the minimum by the due date on it. You can pay the full amount if you choose to do so (which I do since it's the responsible thing to do). If you don't want to pay any interest pay the full balance. But If you don't care about interest just pay the minimum.|||The earlier in the statement cycle you pay, the less interest you will accrue for that cycle. If you can make on-line payments, say twice a month at paydays, go ahead and do it that way. As long as your minimum is in before the cut-off date, you're good. But the faster you pay it down, the less interest you pay (like a mortgage, it accrues interest daily). Hope this helps, and good luck!|||Careful with making payments before you get the bill in the mail.


A lot of people think that this will avoid the minimum payment / month. I doesn't


So if you pay extra today - check your statement in the mail and make sure you pay at least that minimum. Of course, the sooner you pay the better to save money in interest





For best credit scores that will amaze any future creditor:


Pay your credit card bill in full each month.


Carrying balances not only reduces credit. It can destroy lives|||Interest is calculated on the average daily balance. So the sooner you pay, the less interest. Always pay BEFORE the statement due date.





Be careful about making multiple payments. Some cards will freeze your online account after a certain number of payments per month. They really don't want you to make mulitple payments.





Once you get that credit card paid off, only charge what you can afford to pay in full every month. That will build your credit and avoid interest.|||I always keep a certain amount at least for 3 months to be paid for the credit cards since I never remember when is the due date. It's important to keep a good credit than paying extra interests with black records there. This could be caused a bank loan and you never get it approved.|||at least by the due date


if you want to pay extra, just include it with your regular payment