What Is a Credit Card Closing Date?

For every credit card you use, you’ll receive a statement each month detailing the month’s transactions and the total amount you owe. While you receive this statement monthly, it isn’t always aligned perfectly with a calendar month. Instead, the statement is typically issued based on a billing cycle that lasts between 28 to 31 days depending on the card and/or credit card issuer.

The change from one billing cycle to the next can happen at any time within a calendar month, and it's usually based on when you first opened the credit card account. The final day of your credit card’s billing cycle is what we call the credit card closing date. For example, if a billing cycle lasts from 15 March to 14 April, 14 April will be the credit card closing date.

Here's a look at how to find the closing date on your credit card statement, why it's different from the payment due date, and how this date impacts your monthly financial planning, credit score, and even the rewards you earn. Knowing your credit card closing date can help you avoid late payments and interest fees and even optimise your rewards earned.

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You can find the credit card closing date on your physical statement, in your credit card's online or digital banking account, or on the PDF statement available through your online account. It’s typically listed near the top of the page/document or in the account summary.

The information might be presented in a few different ways. Here's what to look for:

• Billing period: This is usually shown as a date range spanning about one month, for example, “21/02/2025 - 20/03/2025”. The last date in that range is your credit card closing date.

• Statement balance: On your account overview page, payment tab, or statement, you might see a statement balance along with a date. The date listed with your statement balance is the statement closing date.

• Statement closing date: In some cases, the closing date will be clearly labelled as such (e.g. “Closing date: 20 Mar”), often alongside a payment due date that's typically 20 to 25 days later.

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Knowing your credit card closing date can help you optimise your credit card utilisation, earning you extra points, rewards, cashback, or other benefits over time. Here are three things to keep in mind:

• Paying your statement balance before the closing date: Your new statement balance is the total amount you owe on your credit card as of the closing date. This includes any new charges made during the previous billing cycle plus any remaining unpaid balance from earlier statements. If you don’t pay this balance in full by your next payment due date, your issuer will charge interest on the remaining statement balance which can roll on to the next billing cycle, and so on.

• Maximising your credit utilisation: Credit card companies often report credit utilisation to credit bureaus at the end of each billing cycle or on the statement closing date. This is important, as it accounts for a significant portion of your credit score and can help with building your credit score.

• Getting the most rewards possible per billing cycle: For most rewards-earning credit cards, the points or cashback you earn are calculated at the end of each billing cycle and awarded afterwards. However, some cards issue rewards almost immediately after a purchase, so you don’t have to wait until the end of your billing cycle to make the most of your credit card points.

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• The credit card or statement closing date is the final date of your billing cycle. It’s when the credit card issuer calculates your statement balance and the minimum payment due. Charges made after the closing date will appear on the following month’s statement.

• The payment due date is the date by which you're expected to pay at least the minimum payment from that statement to avoid a late fee or potential negative impacts on your credit report. It’s typically between 20 and 30 days after your statement closing date and can also be found on your credit card statement.

If you pay the full statement balance by the payment due date each month, a grace period typically applies between your statement closing date and the due date where you’ll be charged 0% interest. This means that if you're not carrying a balance from month to month, you won’t be charged any interest on credit card purchases.

However, if you only make the minimum payment—or anything less than the full statement balance—you’ll be charged interest on the unpaid amount.

» MORE: How does credit card interest work?