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Things to know about your credit card payment due date

It’s important to remember the due date on your credit card statement. If you miss the due date, it could cost you in late payment feesdisclaimer or you could lose the benefit of an interest-free perioddisclaimer.

If you receive a credit card statement and have an outstanding balance on your credit card, the statement will include important information that could help you manage your account, avoid some feesdisclaimer and potentially avoid paying interest on the purchases balancedisclaimer.

Here are some key dates to be aware of on your ANZ credit card statement.

The statement period

The number of days in a statement period varies, depending on the length of the month, when your account was opened and when business days occur.  

For example, a statement period could run from 1 June to 30 June, or 18 June to 17 July. Your own credit card account may have a different statement period.

The due date 

For an ANZ personal credit card, this is the date by which at least the Minimum Monthly Payment should be received by ANZ (note that you may need to make the payment before the due date to allow enough time for it to reach ANZ). You could be charged late payment fees if you don’t pay at least the Minimum Monthly Payment by the due date, as well as immediately paying any overlimit amounts or overdue amounts owingdisclaimer.   

If your credit card account currently has the benefit of an interest-free period on purchases, you could avoid paying interest on the purchases balance by paying the full closing balance by the due date each monthdisclaimer. If, for example, the interest-free period on your credit card is up to 55 days, then the due date would fall 55 days after the first day of the statement period.

Of course, you can also make additional payments at any time. 

Amounts payable immediately

Your statement may also include details of amounts that are payable immediately, for example overdue or overlimit amounts: 

  • Overdue amount: if you didn’t make a Minimum Monthly Payment by the due date in your previous statement, an overdue amount will appear in your statement if it is still overdue on the date of the statement.
  • Overlimit amount: the amount by which, at any time, the outstanding balance on the credit card account exceeds the approved credit limit. 

Any overlimit or overdue amounts are separate from the Minimum Monthly Payment and need to be paid immediatelydisclaimer

Tips to help you pay on time

Life can make it hard to remember payment due dates. Here are some tips that could help:

  • Set up an alert on your phone or in your calendar – depending on your credit card provider, you might find that the due date falls on or near the same date each month. You could pick a date about a week earlier and set up a recurring calendar alert that reminds you to pay your credit card balance in advance of your due date.
  • Set up a direct debitdisclaimer – some credit card providers may give you the option of setting up a direct debit that automatically pays off a certain amount on your credit card each month – for example, paying the full closing balance, a fixed amount or the Minimum Monthly Payment (plus any overdue or over limit amount)disclaimer. Remember, the more you pay over the Minimum Monthly Payment, the faster you could pay off the balance and the less interest you could pay.  

By setting yourself up to pay your closing balance on time and in full every month, then for some credit card accounts you may avoid paying interest on your purchases balance (and some fees)disclaimer.

Learn more about credit card payments

Getting to know your credit card statement

Even if you only use your credit card sporadically, you should check the statement of account carefully.

Read article

The Closing Balance vs the Minimum Monthly Payment

Whether you decide to pay off the full closing balance, the minimum monthly payment or an amount in between - it's important to understand the different and what they might mean for your bottom dollar.

Read article

Avoiding late payment fees on your credit card

Your credit card statement will include a payment due date. This date is one to remember if you're keen to avoid late fees.

Read article

Information in this article refers to personal credit cards, is general in nature only and does not take into account your personal objectives, financial situation or needs. 

By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances.

The information is current as at June 2019 and may be subject to change. ANZ recommends you review your personal credit card contract for information about the terms that apply to you.

ANZ interest rates and fees and terms and conditions are subject to change. Refer to the current credit card interest rates, fees and terms for further information and current interest rates, fees and terms. 

Applications for credit at ANZ are subject to ANZ’s credit approval criteria, terms, conditions and fees and charges apply. Australian Credit Licence Number 234527

ANZ consumer credit card account holders can avoid Late Payment Fees by paying the Minimum Monthly Payment shown on their statement of account by the due date, as well as paying any overlimit amounts or overdue amounts.

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At ANZ, if a consumer credit card account has interest-free periods on purchases, the account holder can avoid paying interest on the purchases balance by always paying the full Closing Balance shown on each statement of account by the applicable due date. If the account holder doesn’t pay the full Closing Balance shown on a statement of account by the applicable due date, they will generally be charged interest on their purchases balance from the day after the Due Date shown on that statement. Not all transactions (e.g., cash advances) get the benefit of interest-free days. Refer to the applicable credit contract for details.

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The account holder must pay the ‘Minimum Monthly Payment’ shown on each statement of account by the due date in that statement of account. This is in addition to any amount shown on the statement of account as being payable immediately. Additional payments can also be made towards the ‘Closing Balance’ shown on the statement of account.

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At ANZ, the greater of: (i) overlimit amounts; and (ii) overdue amounts, will be shown on statements of account as being payable immediately, and the account holder must pay that amount accordingly.

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Direct debiting is not available on all accounts. If in doubt, please refer to your bank or financial institution. Terms and conditions may apply to direct debit arrangements, including that your nominated account has sufficient cleared funds. Temporary service disruptions may occur. Contact your credit card provider for further details. ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide before acquiring any ANZ product with a direct debit arrangement. 

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