Can a credit card's payment due date be changed? Yes, changing your credit card's due date is generally easy (but it can take time to come into effect).
Read on for everything you need to know about changing your credit card payment date and what to do if you can't get it changed.
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Key takeaways
- Changing your credit card payment date is usually a straightforward process.
- Aligning the new payment date with your pay cycle can improve cash flow.
- It can take up to two bill cycles for the new payment date to come into effect.
- If you can't change the due date, consider changing the due date for other bill payments.
How to change your credit card due date
Credit card payments are a crucial part of managing your finances, and it is important to have a payment schedule that works for you. If you are struggling with multiple due dates or want to align your payments with your payday, you can change the due date of your credit card payment.
There are two ways to change your payment due date: online through internet banking or by contacting your credit card issuer. One or both may be available, depending on the issuer.
To change your payment due date:
- Decide your preferred payment date. It can be at the start, middle or end of the month (or any other date that works for you).
- Check online. Log in to your account and see if you can change the payment due date online.
- Contact customer service. If the payment due date cannot be changed online, call the customer service number on the back of your card.
Note that some credit card issuers may restrict how many times you can change the payment due date.
Benefits of changing your credit card due date
Changing your credit card's payment due date has several benefits.
- Improved financial management. Consolidating all your bill payments to come out around the same time gets it out of the way and makes it easier to forecast what you have left before the next payday.
- Reduced financial strain. On the other hand, spacing out your monthly payments can help relieve the financial strain of having too many bills due within a short period of time.
- Protect your credit score. If changing the repayment date means you are less likely to miss a payment, you can avoid damaging your credit score.
If your credit card due date can't be changed
You have several other options to consider if you can't change your payment due date.
- Pay early. You can pay the minimum required or balance in full at any time ahead of the due date.
- Pay down the balance. Reduce the balance on your card, so the payment is less of a burden. If there is no balance outstanding, there is no payment. You could consider using an interest-free credit card balance transfer to reduce the amount.
- Change when other bills are due. Try changing when payments are taken for other credit cards, loans, rent, utilities, etc.
- Get a different credit card. Consider getting a different credit card, transferring the balance, and setting your preferred payment date.
FAQs
How long does it take for the new payment date to take effect?
It can take up to two payment cycles for the new payment date to come into effect, but this depends on the bank.
Will my credit score be affected by changing a credit card's payment due date?
No. Changing the credit card's payment due date will not affect your credit score.
How do I change my credit card payment date?
A credit card payment date can normally be changed online via internet banking or by calling the customer service number on your card's back.
What if I can't change my payment date?
If you cannot change your payment date, try paying your bills early to manage your finances better.
