# How is a credit card payment applied exactly?

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6 posts
johan

Posts: 2
Joined: Thu Apr 12, 2012 9:33 am
Location: San Diego, CA

### How is a credit card payment applied exactly?

I have a question about payments on a Chase credit card. Let's say my last statement had a balance of \$1,000 and I've paid off \$100 before the due date. I want to pay the remaining \$900 before the due date, but nowhere on their website is there an option for "paying off remaining statement balance".

My question is: will paying the remaining \$900 count towards reducing the balance on my next statement or actually paying off my last statement (and thereby avoiding interest)?

amexguy321
Centurion Member

Posts: 115
Joined: Wed Nov 16, 2011 4:28 pm
Location: Massachusetts
as far as I know, you can enter the any amount you would like to pay, and once the payment goes through it is reduced from the remaining balance

DavidNY
Centurion Member

Posts: 1332
Joined: Tue Jul 05, 2011 12:28 pm
Location: New York
You have to do a little math to make multiple payments.

If your statement is \$1000 making two payments of \$100 and \$900 on or before the due date* will pay it in full.

Note that Chase limits online payments to once every three days.

*If the due date is on a weekend, you have until the Monday after the payment due date to make a payment.

JCarter
Centurion Member

Posts: 323
Joined: Thu Mar 15, 2012 10:40 pm
Location: Virginia
DavidNY wrote:You have to do a little math to make multiple payments.

If your statement is \$1000 making two payments of \$100 and \$900 on or before the due date* will pay it in full.

Note that Chase limits online payments to once every three days.

*If the due date is on a weekend, you have until the Monday after the payment due date to make a payment.

Pay attention to the bolded portion. You can always call the payment in if you really want it paid within the 3 day period.

Crashem
Centurion Member

Posts: 538
Joined: Fri Mar 09, 2012 9:29 am
Location: San Francisco, CA
You can always call most card issuers and see if there is a no fee pay by phone option. If not, then ask them to walk you through website. If option isn't on website (for whatever reason), you can usually get them to waive the phone fee.
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johan

Posts: 2
Joined: Thu Apr 12, 2012 9:33 am
Location: San Diego, CA
DavidNY wrote:If your statement is \$1000 making two payments of \$100 and \$900 on or before the due date* will pay it in full.

That's what I suspected, but I wasn't certain.

Thanks for all the answers.