Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 What time to pay to avoid credit card charge

views
     
TSNeohJing
post Feb 13 2023, 11:20 AM, updated 3y ago

Getting Started
**
Junior Member
75 posts

Joined: Dec 2021
Use Credit card to buy Apple Mac online for Rm6k smthg: on 8 Feb 2023 but the thing not yet arrive.

Want to ask about credit card charge, do i need to pay before 10 Feb 2023?

Statement date: 21 Jan 2023
Payment due date: 10 Feb 2023
TSNeohJing
post Feb 13 2023, 01:33 PM

Getting Started
**
Junior Member
75 posts

Joined: Dec 2021
QUOTE(1mr3tard3d @ Feb 13 2023, 12:25 PM)
you are only required to settle the 'statement balance' - all transactions posted by statement date
so it's unlikely that your 8 Feb transaction will be posted by 21 Jan :lol2:

you may settle the 'outstanding balance', inclusive of the 8 Feb purchase, but you will not be charged if you only pay the statement balance by 10 Feb
*
So, really need to settle the Rm6k to avoid charges? Because the payment due date is 10 Feb 2023.
So fast need to pay to avoid charges?
TSNeohJing
post Feb 13 2023, 01:50 PM

Getting Started
**
Junior Member
75 posts

Joined: Dec 2021
QUOTE(kens88` @ Feb 13 2023, 01:45 PM)
statement date is 21 Jan 2023. So you need to pay for all transaction before that date on 10th Feb 2023.

When you buy on 8 Feb, this transaction should appear on the following statement e.g. 21 Feb 2023

Anyway, your statement cannot see? Just pay the outstanding on your statement is good enough.
*
But today is 13 Feb already, kena charge ody?
Oh u meant tis 8 Feb transaction should appear in next statement?

Emm… i m still blur how credit card charges.
Anyone can explain an example pls
TSNeohJing
post Feb 13 2023, 02:17 PM

Getting Started
**
Junior Member
75 posts

Joined: Dec 2021
QUOTE(PoisonSoul @ Feb 13 2023, 01:57 PM)
Statement Date: That PDF email comes to your email inbox, indicating that's your monthly usage with X bank's CC.
Payment Date: XX/XX/XX is the F I N A L day to make payment to X bank before they charge you charges.

Throw Apple or ANY MERCHANT out of the question. Item on your hand or not, X bank does not care.
Your statement shows Apple already charged you RM6,000 right? Pay it off. Why? Refer the above sentence.

Pay before 10th Feb 2023 (to be safe), you pay RM6,000 nett. No extra charges what so ever.
Pay after 10th Feb 2023, bear the finance charges from 15-18% depending on your CC and bank.
*
But my statement balace showing Rm0.
Outstanding balance is Rm6k.
The 10 Feb due date is refer to the statement balance or outstanding balance

TSNeohJing
post Feb 13 2023, 09:42 PM

Getting Started
**
Junior Member
75 posts

Joined: Dec 2021
QUOTE(cassian948 @ Feb 13 2023, 08:11 PM)
There's no need to complicated things.

Just pay according to the statement that you received.

If your statement usually on the 21st day of the month, usually by the next day the statement should already emailed to you for payment.

The 20 days (22nd-until-10th) is a grace period by the bank for you to pay according to the what the bank had sent to you.

If the statement date is 21st, the last transaction to be included in the statement is those performed on the 21st.

Transactions made on 22nd (or on 8th the next month) will be reflected on the next statement.

TL;DR-

Transactions made on 8 February 2023, will appear on 21 February 2023 statement, which due payment before 10 March 2023.
*
Ok so no need to pay so fast yet right.


Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0187sec    0.39    6 queries    GZIP Disabled
Time is now: 24th December 2025 - 04:42 PM