Comments on: Are You Only Required To Pay Credit Card Bill Once A Month?

By: christianpmc2002

christianpmc2002 — Thu, 31 Dec 2009 14:16:05 +0000

No.

You are required to pay the minimum payment amount per cycle.

Lets say you owe a minimum $25 payment by December 15th, but you make the payment on December 1st, then you put a $50 charge on the card a week later.

You are not required to pay any additional money on December 15th - because your new charge will be posted to your next billing cycle in January.

You’ve already paid the minimum $25 toward your December billing cycle, so you’re all set.

By: STEPHANE O

STEPHANE O — Tue, 29 Dec 2009 21:39:38 +0000

Normally you are only required to pay when you receive a statement which is once a month.

By: Gamma Ray

Gamma Ray — Tue, 29 Dec 2009 00:51:28 +0000

Your Terms and Conditions agreement documentation will explain this to you.

By: Lucy Lu

Lucy Lu — Mon, 28 Dec 2009 18:46:09 +0000

No, you are required to pay your monthly bill when it comes, you can pay it earlier by going into a bank, but since you have used the card since your last pay off, just wait for your bill.

By: dusty_titus

dusty_titus — Sat, 26 Dec 2009 14:45:27 +0000

No - just wait till your billing period comes back in cycle, and you’ll receive a regular statement showing how much you need to pay (minimum) if you want to pay off, go ahead, otherwise send your payment in.