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Credit Cards 101: Statement Dates vs Due Date

Need a new credit card? Visit creditcards.com and be responsible 😎: https://bit.ly/hf_creditcards (click "show more" to see ad disclosure) The difference between credit card statement dates and the due date Every credit card has two statement dates. The opening date and the closing date. Everything between these dates is called the billing cycle and once the cycle ends (statement closes), everything that's happened on the credit card will be added to the new statement that'll be due about 25 days after it closed. Make sure to pay at least the minimum on your credit card by the due date to avoid penalty APR or late payments on your credit report. --------------- Robinhood Free Stock (Up to $200) with Sign Up: ► https://bit.ly/hf_robinhood Webull Up to 12 Free Fracional Shares (Each $3-$3,000): ► https://bit.ly/hf_webull M1 Finance (perfect for IRA's): ► https://bit.ly/hf_M1_Finance Instagram: ►   / honestfinance   Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research. #honestfinance #creditcards