I'm sorry if this is a stupid question but I really have no idea. I have searched all over the internet and cannot find an answer.
I have a Bank of America Accelerated Cash Rewards card
My payment is due on the 2nd
Bank Of America takes 3-4 days to register charges to my account (they remain "pending" until then)
My payments also take about 3 days to register
One month, I made a charge on the 1st and it was still "pending" on the 2nd. Like I said, it normally takes 3 days at the minimum to clear. I made a payment just to make sure it was covered and sure enough it magically got posted for that cycle along with my payment.
Another month my statement is for the 4th in stead of the 3rd?
I thought only "cleared and posted" transactions were to be paid but somehow Bank Of America sped up the time and included that purchase & payment. Because of that, I am terrified to charge anything a few days before my payment is due as well as the day after.
What exactly should I pay off? The balance I see, or the balance including all pending charges??? If I make a charge on the 1st or 2nd, will it also be included in that month's cycle?
I know that I am completely missing something but I just don't understand.
I'm sorry if this whole thread is confusing... I just need to know what exactly I should pay