Understanding the new credit card rules
Credit cards on keyboard
credit cards
5 new rights for credit card users

No more due date ambiguity
Next
6 of 7
Back
Date on calendar circled for payment due date

No longer can card issuers change the due date for payments from one month to the next or set an arbitrary cutoff time on the due date. The CARD Act requires that the due date be the same date each month, and the cutoff time be no earlier than 5 p.m the day the payment is due. In addition, issuers cannot treat a late payment as such unless it delivered the billing statement to the customer 21 days in advance of the due date.


 

 

advertisement

Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.44%  0.18 16.26%
Cash Back Cards 16.83%  0.15 16.68%
Low Interest Cards 12.00%  0.12 11.88%
 
Search
advertisement
advertisement
advertisement

Credit Card Blog

Mitch Strohm

Credit card rates for Tuesday, August 23

It's a good time to be in the market for some new plastic.  ... Read more


Connect with us