Originally Posted by
flyer4512
If he changed it to the 5th I would think it would close December 5th. I don't see a bank giving a person ~ 10 weeks interest free to make a payment after the first statement cuts.
If his last statement closed 11/15/17 and they made the new closing date 1/2/2018 you could make charges on 11/16/2017 and not pay them until late January 2018 and accrue zero interest.
If that works I bet a lot of people would love to know as they could extend the time to pay interest free.
Yes, I've done that, as I recall. They limit how often you can do it. If you say, after a statement has closed on the 15th, "I want my due date to be the 2nd," the statement period will be more than a month rather than less. (I hesitate to say there's a legal requirement of at least a month in a billing period when the change is at a customer's request, but it may be their practice.) I've run into a problem with this when I put the request in ON the closing date, thinking my opening bonus (Chase Sapphire, not RR) was already guaranteed to post on that date, and they extended the statement period and the bonus posting.