Avoid interest charges and late fees by paying on time
Change Your Payment Due Date
Your credit card payment due date will be the same date each month. However, if this date is not convenient, you can request your credit card issuer to change your payment due date.
Write Due Dates on Your Calendar
Write a note on your calendar to remind you of the payment due date.
Send an Email Reminder Before the Due Date
You can use a site like MemoToMe.com or FollowUpThen.com to send email reminders a few days before each due date.
Set Up Automatic Payments Through Online Banking
If your bank offers an online bill payment option, you can set it up so your credit card payment gets deducted automatically. Make sure to select a payment date that ensures your credit card issuer receives the payment before the due date, in case it falls on a weekend or holiday.
Download a Reminder App on Your Smartphone
Visit the app store on your phone to find an app that reminds you of due dates, such as the Remember the Milk app, which is available for iPhone and Android. Make sure to choose an app that provides sound reminders or sends you notifications.
Pay All Bills at Once
It can be tough to keep track of due dates when they’re scattered throughout the month. If you pay all your bills at once, everything will be accounted for for the rest of the month. If your paycheck schedule doesn’t allow for paying all bills at once, consider also paying bills on the same day each week, such as Monday or Saturday. Having a specific date for bill payments can prevent overdue payments or forgetting them.
Pay Bills When You Get Paid
Using another recurring event, such as payday, as a trigger to pay your bills can help you remember them. If you’re unable to pay all your bills with one paycheck, you can split the bills according to amounts and due dates.
Let the Bill Serve as a Reminder
Bills arrive in advance, usually two to three weeks before they are due, but you don’t have to wait to send your payment. Unless you’re waiting for a paycheck, you can send credit card and loan payments as soon as you receive the statements in the mail. When you pay bills as they arrive, they won’t have a chance to be late. There is a small downside: if a bill gets lost in the mail, and receiving it is the only way you remember to pay, you might miss that month’s payment. Get into the habit of checking that you’ve paid your bills throughout the month. Use a bill payment checklist to track the payments you’ve made. This backup system ensures that payments are made even when the primary notification method fails.
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Sources:
Experian. “When Do Late Payments Get Reported?”
myFICO. “What’s in My FICO Scores?”
Source: https://www.thebalancemoney.com/credit-card-due-dates-960274
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