When To Pay Your Credit Card Bill (Everything You NEED To Know)

In this video, we go over when to pay your credit card bill to avoid interest and when to pay your credit card bill to increase your credit score! Trying to read a credit card statement may seem like a challenge, but this breaks down a credit card statement. Click "Show More" to see Ad Disclosure.

Hopefully, the example credit card statement in this video will help you to know the terms and the best time to pay a credit card. If you are someone that is looking for how to build credit and when to pay off a credit card, then this information will be extremely useful!

First, we break down the most important dates to know from one of my Chase credit card statement such as the billing cycle, statement opening date, statement closing date, and payment due date. Next, we go over the amounts to understand such as the statement balance, current balance, and minimum payment due. And finally, we answer some common questions that many people seem to have about their balance, credit utilization, but most importantly, when to pay a credit card bill!

Make sure to check your own credit card statement to compare it to mine by rewatching this video if you need to! There will always be some differences between timelines and wordings for each credit card issuer. I hope this information is useful in terms of credit cards for beginners and credit cards for people that may have struggled with credit in the past!

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*These offers are subject to change. The current offers are listed as of the filming of this video.

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The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Daniel Braun is not a financial advisor. This video is for entertainment and educational purposes only, it is not financial advice.

[landolockss]

One thing I did as a beginner was open up another checking account through your bank, 99% of the time you can open another one for free and often times get bonuses. Every time you pay for something with your credit card, transfer that money into the second account. This way you’ll never get a false sense of buying power 🤝

[ktsd]

yo real quick, i didn’t even notice you don’t have too many subscribers but i wanted to let you know the quality of your videos is A++++ and i love what you talk about! keep it up

[lscott]

Been binge watching your videos for a week now. You and Sebby have been some of the most helpful when it comes to the credit card game. I am getting started late in life with understanding the basics; such as this video. Very thankful for your desire to educate others in this arena of life. You are hands down the top among many I have been watching recently; in your clarity, delivery, and transparency on this channel. Subscribed 👍👍

[lumerii]

This video was incredibly helpful as someone who has just gotten a credit card and wants to be informed and educated on credit cards so I don’t make a mistake that could impact my life negatively in the future. I learned so much from this video so thank you and keep helping people to make the right decisions and be more educated on topics like this.

[imagiins]

This is an incredible video. i’m 19 and trying to get my head around credit cards and how to start building my credit score. this video has entirely helped me to understand how credit cards actually work, and not just what they do. haven’t seen your channel before but i’m definitely subscribing, you seem very knowledgeable. keep up the high quality videos 👏🏼👏🏼👏🏼

[romintarromintar]

Great video! Some of them were already taught to me by my mom way back years ago when I was just starting to live independently. But still most of them are so informative. God bless you

[ChideraaApakama]

I love your videos ! As a beginner credit card user, the tips you give are super helpful ! Subscribed 🙌🏾

[EliSuarez]

@Daniel Braun keep going with your channel man. Your content is always on point. Simple and easy to understand. 💯🙏🏼

[pooyafarrokhi]

Awesome video Daniel! Your video cleared up every question I had.

[suefanelli]

Extremely helpful. Very well explained!

[TonyRome]

I am actually part of the 800 club for a long time now, but times change and I like new and relevant information. Thank you for an excellent explanation of credit card debt.

[SmartMarkPS]

I must be really slow because I clearly didn’t understand

[cooper_kikuta]

Great video! I’ve always set my credit cards to auto pay the current balance on the due date. I’m going to have to look up the billing cycle on each of them and add that to my spreadsheet as well now!

[MsTheartofwar]

This video really helped me out. I literally called my bank 3X today to ask the same questions and I was still confused. You cleared that all up. Thanks

[JacobKustra]

Great video! Definitely one of the first things anyone getting in credit cards needs to learn!

[Ben-ihzj]

The diagrams and statement pictures helped me so much great visualization bro 👏💪

[dnlprls]

You are so awesome bro. And i really appreciate you do not assume that everybody can afford to pay their entire balance like so many other YouTubers do. Keep up the great work.

[cinatelli]

Your video finally gave me clarity on how to pay my credit card I’ve been struggling with this for years. Thank you! New sub 🙌

[evanmelton]

This channel is very underrated! Great info for somebody like me who just got their first credit card.

[kavonhawks]

Your videos are very helpful. I just turned 18 and got the discover it card and was nervous about when I should pay it off and how much. Thank you for explaining it so well!!