Is it ok to buy something on your credit card due date?

Using your credit card today should be fine. You can use the card if it has a previous balance on it, until the balance reaches the card’s credit limit. By the way, even if the payment due date is the 6th, the cycle probably ended sometime in the previous month.Nov 7, 2017

What is credit card cut off date?

What Is A Credit Card Closing Date? You credit card’s statement closing date is the last day of your current billing cycle. Generally, credit card billing cycles last 28 – 31 days. Your card provider will add up every charge you make during this billing cycle.

Is statement date the same as cut off date?

Your statement period or billing cycle typically ranges from 21 to 31 days, depending on your credit card. A statement period ends on a specific cut-off date, so any activity after that will be credited to the next billing cycle. Your payment due date is about 21 to 25 days after your cut-off date.

Can you use your credit card between due date and closing date?

You’re completely allowed to use your credit card during the grace period. Any purchases you make after your closing date are part of the next billing cycle, not the current one. But if you don’t pay the full balance listed on your statement, you’ll lose the grace period.