paparoach429 wrote:Oh ok, I wasnt sure how that worked since I only usually use my Citi card and its due the same time every month. I wasnt sure how it worked on a card that I dont use every month. So it doesnt close the same time every month? It closed "x" amount of days after the purchase?
You have 2 dates to remember. Your payment due date and your statement cycle date. Your payment date is always the same date, in this case, every month on the 11th. If your payment due date says you owe 0, then you don't need to make any payments this statement period. Example, I always PIF every month on payment due date and the date before my new statement date so that my balance always reports as 0 on my credit report. As of this statement that's about to close (11/21/12-12/21-12), I currently have a balance of about 1000, my payment due on the 15th, payment due is 0. I won't have to pay anything until my statement for next month on 1/15/12, but I don't like to carry balances on my Amex, so I just PIF. This is how it works with any revolving credit card.