Patrick Murphy, WalletHub Analyst
@stpatrick1982
The Chase credit card billing cycle is around 28-31 days, depending on the month. At the end of the billing cycle, you will receive a statement containing all of your transactions for that period, your total balance, your minimum payment, and the due date.
You will then get a grace period of at least 21 days. During this time, you can pay your Chase credit card bill without having to pay interest.
Key Things to Keep in Mind About Your Billing Cycle
- Loss of grace period: If you don't pay your credit card bill in full for a billing cycle, you will lose your grace period.
- Interest accrual: As a result of losing the grace period, the remaining Chase credit card balance and any new purchases will start accruing interest that compounds daily.
- Regaining the grace period: To get your grace period back, you will need to pay the statement balance in full for two consecutive billing cycles.
Understanding your credit card billing cycle can help you make your monthly payments on time. This is an important factor in establishing a positive credit history and a good credit score.
Popular Chase Credit Cards
-
Sign-Up Bonus
-
Frequent Travelers
-
Low APR and Rewards
-
Low Interest:
People also ask
How does a credit card billing cycle work?
A credit card billing cycle is the period of time between two credit card statements, usually lasting 28-31 days. On the last day of a credit card’s billing cycle – also known as the closing date –the card’s issuer will compile the account’s billing statement. This includes a bill for all the charges made to your account during that billing cycle, minus any payments made. You can find the starting and ending dates for your credit...
read full answer by WalletHub, Financial CompanyWhat is the Chase credit card grace period?
Chase’s grace period for credit card payments is at least 21 days, from the end of the monthly billing cycle until your payment due date. If you always pay your balance in full during the Chase credit card grace period, you will not owe any interest. Your monthly statement will clearly show when the due date is.
For example, let’s say your credit card statement closes on January 15. Your due date won’t be until at least...
read full answer by Jeff Pratley, WalletHub Credit Card AnalystHow can I change the status for a WalletHub alert?
If you'd like to update or correct the status of a WalletHub alert—such as confirming a new account that was added on your credit report or fixing an inaccurate name—you can easily do so right from your account. And don’t worry, changing an alert’s status is only for your personal tracking and organization; it won’t impact your actual credit score or credit report in any way.
To get started:
- Visit your Financial Timeline....
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.