Can I save on finance charges by paying my credit cards on statement date instead of waiting for the due date?

some banks offer payments online





much faster then snail mail








via E-Check 1 to 2 day clear time compared to 3 to 5 days via regular check








you can pay 24 hours a day 7 days a week








i take advantage of the grace period as it keeps food on the table between paychecks








budget is perfectly balanced every month doing it this way





some times with 10 to 20 bux left over for "unnecessary extras"|||If you mail the payment the day the statement arrives you will not be charged any fees|||Yes, anything that reduces your balance helps. Many credit cards calculate interest based on average daily balance, and paying early would lower that balance, unless you charge more to compensate.





The huge savings is when you pay off your monthly balance completely, and pay no finance charges at all.