Have you ever wished you could align your Chase credit card payment with your paycheck? Or, do you just need a bit more flexibility with those due dates? Well, you’re in luck! In this article I’ll show you how to change your Chase credit card payment due date to better suit your financial schedule.
Some of the images associated with the steps are included inline below. All images associated with these steps can be seen in the embedded YouTube video. Also, please note that you’re not able to leave a comment directly on this article. If you have a question or feedback, please leave it on the YouTube video.
Steps to Change Chase Credit Card Payment Due Date
- Open the Chase app on your iPhone, iPad or Android device. You’ll land on your Chase home screen.
- Scroll down your screen a little bit until you see Manage Account, and then tap “Manage Account.” The Manage Account screen is shown.
- Tap “Request a New Due Date” in this menu. The associated screen is displayed. The next screen shows a message letting you know that your new due date will start on the next billing cycle and will appear on your next statement.
- Tap “Next” after reviewing this information. The next screen asks you to choose a new Chase credit card payment due date.
- Tap to expand the drop-down menu in the Due Date section.
Choose what you want to be your new Chase credit card payment due date.
Tap “Next” after making this selection. The next screen asks you to review your current credit card payment due date and your new due date.
- Tap “Make Request” after reviewing this information.
The next screen lets you know that you’ve successfully requested a new credit card payment due date. If your request is successful, you’ll see it displayed on your next statement.
Reasons to Change Chase Credit Card Payment Due Date
1. Align With Paycheck Schedule
Aligning a Chase credit card payment with the paycheck schedule ensures liquidity at the time of payment. This strategic move is particularly beneficial for individuals with a fixed monthly income. It avoids the stress of managing cash flows between pay periods. By scheduling payments just after the receipt of income, cardholders can confidently meet their credit obligations. This approach is a smart financial management tactic, providing peace of mind and fostering responsible credit use.
2. Ease of Managing Multiple Bills
Changing a Chase credit card due date can distribute financial obligations more evenly across the month. This helps in managing cash flow, especially when dealing with multiple bills. Spreading out due dates prevents clustering of financial responsibilities, reducing the risk of cash shortages. This method allows for a more balanced approach to monthly financial planning, ensuring that no single period becomes financially overwhelming.
3. Avoid Late Payments
Adjusting the payment due date on a Chase credit card can significantly reduce the risk of missed payments. Late payments often result in fees and can negatively impact credit scores. By choosing a more convenient date, cardholders ensure timely payments. This proactive step safeguards credit health and avoids unnecessary financial penalties. It demonstrates a commitment to maintaining good credit standing and financial discipline.
4. Budgeting Purposes
Setting the Chase credit card payment date to align with other monthly expenses simplifies budgeting. It creates consistency in the financial routine, making it easier to track and manage monthly expenditures. This alignment aids in developing a clear financial picture, allowing for better planning and control over personal finances. It ensures that expenses are predictable and manageable within the monthly budget framework.
5. Temporary Financial Hardship
During periods of financial hardship, such as unexpected expenses or income loss, adjusting a Chase credit card payment date can offer relief. This flexibility helps in navigating short-term financial challenges without compromising credit obligations. It’s a compassionate approach that acknowledges life’s unpredictability and provides a buffer during tough times. It demonstrates understanding and adaptability in financial management strategies.
6. Seasonal Income Fluctuations
For those experiencing seasonal income fluctuations, adjusting the Chase credit card payment date to align with higher-income periods is beneficial. This timing ensures that funds are available when the payment is due. It’s an effective strategy for individuals in industries with variable income patterns, helping to maintain consistent credit payments throughout the year. It reflects a tailored approach to financial planning, accommodating the unique income cycles of different professions.
Choosing a convenient Chase credit card payment date reduces the mental load of remembering payment deadlines. A date that’s easy to remember ensures timely payments and minimizes the hassle associated with bill management. This convenience is particularly appealing for those with busy lifestyles or who prefer a streamlined approach to managing finances. It’s a simple yet effective way to enhance personal finance management.
8. Maximize Interest-Free Period
Strategically setting a Chase credit card payment date can optimize the use of the interest-free grace period. This is especially useful for planning large purchases. By aligning the payment date with the billing cycle, cardholders can maximize the period during which they incur no interest. This savvy financial tactic can lead to significant savings, particularly for those who regularly pay their balance in full. It reflects a strategic approach to leveraging credit card features to the cardholder’s advantage.