What does next closing date mean?

Before I screw myself over with a credit card I just wanted to get some questions answered. So what does next closing date mean? Does that mean the end date for transactions for the first cycle or is it when payments are due? Also am I allowed to pay a little at before they send me my first bill?|||It's when you have to pay. I wouldn't get one there so much trobble|||Closing date is the stopping point the credit card company uses to generate statements. Transactions before the closing date show on the current statement. Transactions after the closing date show on the next statement and are not due till then.





Payments are due on the due date indicated on the statement. Wait for the statement. Paying before the statement could work against you as you won't show utilization when the card does the monthly update to the credit bureaus.





Besides, you would miss one of the best benefits of using a credit card -- the interest free grace period between the purchase date and the statement due date if you pay the balance in full every month.





Best way to handle your credit card is to use it for regular purchases, wait for the statement, and pay the balance in full every month. Builds your good payment history and avoids interest.|||Closing date is the date that all previous purchase transactions are recorded to your account. Your interest charges are based upon the balance as of that date. You have 21 days from the closing date to pay the bill in full OR the minimum payment specified on the statement.





Any purchase transactions made after the closing date are held and will appear on your next month's statement.





You can pay before you first bill, but it is of no advantage to you or your credit profile. If you pay before the closing date, that payment might not be considered as a payment that would be due on the next statement you receive. It might be considered an additional payment on the previous statement. So if you don't send in a payment after the closing date (but before the due date) of the current statement, you could be hit with a late fee. Check with your CC issuer to see how they handle multiple payments during a billing cycle.|||Closing date: The date the credit card company sends you out a statement.


From that date you should have about 20 days until the due date.


Pay the day you get the bill in the mail and in full for those top scores.


Not sure why you would want to pay before you get the bill in the mail.


I would not pay it unless you are sure of the billing address - and you don't know this yet, since you have not received one bill.


It's different than their mailing address.


Don't mess up - just pay in full when you get the bill in the mail.


Do not dare carry balances - it can ruin your credit and sometimes your life