If you are a credit card user, you might be aware of the fact that making timely payments is the most important thing to do if you want a smooth and stable credit journey. To maintain a good credit score, you are supposed to pay your credit card bills by the payment due date. Not doing this doesn’t only invite extra charges like late payment fees, interest, etc, but also affects your credit score. Sometimes you might have felt that your payment due date should be another date and not what it actually is as it doesn’t align with your payday (the day when you receive your salary). In such situations, many people want to change their payment due dates. But, is it possible to change your payment due date? Can you choose it on your own? Keep reading to know more!
Can You Change Your Payment Due Date?
Yes, most of the major credit card issuers in India allow you to choose or change your payment due date on request. This option is provided by the card issuers to provide their customers with the flexibility to pay their credit card bills according to their convenience. Choosing a payment due date on their own can help them remember their due dates. It is most advantageous for multiple cardholders as they can shift all their due dates to a particular date so that they will have to remember only one date and not so many different dates.
How To Change Your Payment Due Date?
Contact Your Credit Card Customer Care – To change your payment due date, you can call your credit card customer care on the number given at the back of your credit card or you can find the numbers on your card issuer’s website. Request them to change your payment due date and specify the reason why you want to do so. They will definitely understand and assist you at their best.
Visit the Branch – You can also visit your nearest branch to get your payment due date changed. Ask the bank executive to change your payment due date and fill out the physical application form if required. The process can be a bit lengthy, but your card issuer will change your payment due date if you give a valid reason for the same.
How To Choose Your Payment Due Date Wisely?
Your card issuers give you the opportunity to change your payment due date but it makes no sense if you change your payment due date without proper planning. Firstly, you should choose a date when it will be the most convenient for you to pay your credit card bill. You may choose a date near the day when you get paid. For example, if you get your salary on the 5th of every month, you must consider choosing a date between the 5th – 10th of every month for your credit card payment so that you can clear your dues without spending all your earnings.
Moreover, if you hold multiple credit cards, you should focus on keeping a single day for paying all your credit card bills. It will help you remember your payment due date and you will not miss any payment unknowingly. If you get paid two times every month, you can keep half of your payment due dates near your first salary date and make other payments after you get paid the second time. There are people who don’t prefer paying all their bills at once as it makes them feel overwhelmed to see most of their earnings being spent on credit card bills all at once. If you are among such people, you can instead keep different payment due dates for different cards, but make sure to set reminders in this case.
Benefits of Changing Your Payment Due Date
- Choosing your payment due date on your own gives you the flexibility to pay your credit card bills on a date when you are most comfortable with doing so. You can request your card issuer to shift your payment due date to the date when you receive your salary so that you don’t miss any payments due to a shortage of funds.
- Multiple cardholders can keep a particular day to pay all their credit card bills so that they don’t forget payment due dates. Remembering multiple due dates becomes confusing, but when you have only one due date for all your credit card bill payments, it will be easier for you to make all the payments on time without any confusion.
Choosing your payment due date according to your convenience can help you a lot in keeping a track of your credit card bills. But, it is very important to choose the date wisely. However, card issuers generally take some weeks to process your request, so there are chances that you will have to follow the same billing cycle a few more times or at least one more time. Moreover, if you are going to shift all your payment due dates to a single day, make sure to think about whether you will be able to pay all bills together or not and how it will affect your financial life. If you still have any doubts, make sure to ask us in the comment section below!