By law, your credit card payment date must fall on the same calendar day of each month. For example, your credit card mercenaries may be due on May 5 each month, instead of falling on the 5th month, the fourth month, and the 2nd in the following month.
The rule for weekend or vacation dates
Paying on the same date each month makes it much easier to keep track of your bills, but one of those dates can fall on a weekend or vacation.
These are the days when mail was not delivered and the credit card company may be closed to process payment. Are there any payments at all or do you have an additional payment deadline since the due date does not fall on the business day?
Credit card law specifies when credit card issuers must accept payments. If your payment is on vacation or on a weekend, your credit card company must accept payment without penalty until payment is received by 5:00 pm the next business day. There is a caveat: This rule only applies if the day of the holiday or weekend falls on a day when the credit card company does not accept payments at all. With the nature of business 24/7, credit card issuers always accept payments, even on weekends and holidays, though not necessarily by mail.
How to make a payment on time
When your payout date falls on a holiday or weekend in a particular month, your goal is to make a payment before that day, especially if you usually send your payment.
Most of us don’t even think about paying bills for holidays and weekends, so planning will ensure that you’re billed on time. You may be charged a delay in the event that your payment has not been received by the due date, even if the due date is a weekend or public holiday. Unless your credit card company only accepts postal payments (highly unlikely), your payment will be late if received on the next Monday or the day after your vacation.
Alternatives to send your payment
Pay by post a few days earlier than usual, so there is plenty of time to arrive and process before the due date, such as Friday or the day before the holidays. If you are unable to make the payment on time, you can set up an online payment on the credit card issuer website. Or you can make a phone call. You need control account information – account number and routing number – to make online or phone payments.
Please note that if you wait until your credit card is due, you may need to make an expedited phone payment, a convenience for which you may pay a fee. Remember, unless your credit card company has a later payout time, your payment must be made by 5:00 pm. on due date should be considered in a timely manner. Note the card issuer’s time zone.
Get ready for a weekend or vacation
Be sure to check the calendar for your payment dates at the beginning of each month or the last week of the month if your payment lasts for the first few days of the month. By being aware of the upcoming calendar, you will already be mindful of payments that fall on weekends or holidays, and you can prepare to make those payments before the due date.
Paying a valid deadline for your calendar or paying all your bills at the beginning of the month are several ways to make sure your payment is on time.