The Walmart credit card payment due date is at least 25 days after the close of each credit card billing period. Walmart credit card due dates are on the same day of the month for every billing period, and are listed on the online account details page as well as at the top of the monthly billing statement. Cardholders can avoid paying interest charges by paying their Walmart credit card balance in full every month within this 25-day timeframe, or grace period.
Capital One, which issues both the Capital One Walmart Rewards® Mastercard® and the Walmart® Store Card, does allow you to change your due date through your online account. The new due date will go into effect within two billing periods after you change it. In the meantime, be sure to make at least the minimum payment by the active due date to avoid a late fee.
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 card’s billing cycle on your monthly statement.… read full answer
Understanding your credit card’s billing cycle is important for a few reasons. First, it’s important because your statement balance – the amount you have to pay by the due date to avoid interest – is comprised of purchases made during the billing cycle. The statement balance also gets reported to credit bureaus each month and factors into your credit utilization.
Secondly, the start and end of a billing cycle determine when you have to pay for a given purchase or fee. For example, if you purchase a big TV the day before your statement closing date, you’ll owe that money on your next due date – usually about 25 days later, or however long your grace period is. However, if you buy the TV the day after your statement closing date, it will land on the next statement. So you won’t have to pay for the TV until that statement’s due date, which could be 50 or so days later. For those budgeting out big purchases, timing the purchase to get an extra few weeks to pay can make a huge difference.
Billing cycles are also important if you are taking advantage of a 0% APR intro period. These zero-interest periods are sometimes measured in billing cycles, rather than months. This difference can be worth calculating if the billing cycle is shorter than a typical month, and you are tracking how much time you have to pay off a purchase before the promotional APR period ends.
In other words, you will have a 25-day period between when your bill is made available each month and when interest begins to be assessed.
However, if you carry a balance from one month to the next, new purchases will be assessed interest daily. The Walmart Credit Card does not currently offer 0% introductory interest rates.… read full answer
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