- Centurion Member
- Posts: 234
- Joined: Wed Feb 18, 2015 9:04 pm
- Location: Texas
Hmm, to be honest I don't really understand this problem due to the way I handle my bills, but I'm quite curious about it and wonder if I'm missing something.
I PIF my credit cards/pay all my bills weekly (just my personal preference) so I've always utterly disregarded all due dates because even if I happen to skip a week or two I'm still at least 2 weeks early on everything and generally have at least 3 or 4 payments for more than the minimum in on a credit card every month. So that said, maybe I legitimately just don't understand how this works, but I've always assumed that if your due date is say the 9th and you want to pay all your bills on the 12th then all you have to do is pay the minimum by the 9th then immediately pay the minimum or more again on the 12th and from then on after that first month you could always just pay the minimum or more on the 12th and you'd be golden, because in essence you'd be like 27 days early every month. Is that not how it works? Or is it just that you'd object to being super early every month? I know that's something some people don't like, but I've never really seen the big deal with being early personally. Since we're talking about a time interval of less than a month, and thus not enough time to invest in anything more lucrative, realistically at best all that money's likely to be doing is sitting in a savings accounts (or even a non-interest bearing checking) and unless someone's spending thousands upon thousands on their credit cards all we're talking is less than a dollar or two of lost interest at current rates by paying early.
Anyway, I can see how it's annoying that Citi won't work with you to adjust the due dates, but I don't understand (probably my own ignorance) why you can't just pick whatever day in the month you want to pay your bill and do it as long as you pay that first bill early enough to make your due date, double up on payments on that first month (so I guess leave at least enough on the balance to make a minimum payment or more the second time), then stick with that date every month from then on regardless of due date.
I'm really curious if I'm missing something though.