Credit Card Billing Cycle

[BombVoyage]

hi folks, a noob question to ask, is there any benefit to request for certain billing cycle date? saw a few post but couldnt really get the logic.

 

[sango65]

if I not wrong, only Trust credit card allow certain billing cycle date

https://trustbank.sg/faqs/credit-ca...date-for-my-credit-card-during-my-application

 

[hyperbole]

hi folks, a noob question to ask, is there any benefit to request for certain billing cycle date? saw a few post but couldnt really get the logic.

Easier to track if you have multiple cards. I tend to request for the billing cycle to coincide with calendar month. Some issuers don’t allow.

 

[reddevil0728]

hi folks, a noob question to ask, is there any benefit to request for certain billing cycle date? saw a few post but couldnt really get the logic.

Yes. Why not.

say you have recurring big expenditure on 8th of each month. Currently your billing cycle is 11 to 10 of each month.

if u keep it, as soon as your expenditure hits on 8th and gets posted say 10th and your billing cycle ends, you have to pay the big expenditure around 20-25 days after the end of the billing cycle.

whereas if you go change ur billing cycle to 7th to 6th.

you get to drag when your cash outflows by around 1m + 20-25 days credit term

if I not wrong, only Trust credit card allow certain billing cycle date

https://trustbank.sg/faqs/credit-ca...date-for-my-credit-card-during-my-application

Eh other banks not putting it on their website doesn’t mean they don’t allow

 

[sango65]

Yes. Why not.

say you have recurring big expenditure on 8th of each month. Currently your billing cycle is 11 to 10 of each month.

if u keep it, as soon as your expenditure hits on 8th and gets posted say 10th and your billing cycle ends, you have to pay the big expenditure around 20-25 days after the end of the billing cycle.

whereas if you go change ur billing cycle to 7th to 6th.

you get to drag when your cash outflows by around 1m + 20-25 days credit term

Eh other banks not putting it on their website doesn’t mean they don’t allow

Oh, which banks allow change in cycle?

How to apply, call the bank or need to complete application form?

 

[reddevil0728]

Oh, which banks allow change in cycle?

How to apply, call the bank or need to complete application form?

Many different banks.

What matters more is which bank cc you want to use them you contact them to ask whether they can change the date right.

DBS, UOB, Citibank can from what I know. Others might be able to also.

 

[chiokcc]

My family member just request to change UOB-one CC billing cycle towards end of the month .... able to do so ....

 

[Crimsom]

Oh, which banks allow change in cycle?

How to apply, call the bank or need to complete application form?

call in to request to change.

They might not have the exact date u want but might be able to give you a date close to it.

 

[minamikaze]

I just tried to change my citibank CC billing date to last day of every month but they only gave me 2 options - 15th, or 20 something.

 

[reddevil0728]

I just tried to change my citibank CC billing date to last day of every month but they only gave me 2 options - 15th, or 20 something.

If not wrong the availability changes depends on which part of the month you ask.

so you can like contact them every now and then to check.

 

[minamikaze]

If not wrong the availability changes depends on which part of the month you ask.

so you can like contact them every now and then to check.

wow that's good info. didn't know that. will ask them. thanks!