Due Date
Due dates are when you must pay at least the minimum payment by the date given by the creditor. If not, a hefty late fee will be charged to your account. Late payments will decrease your credit score as it affects the payment history in your credit profile. It is important to keep track of your payment history, as it is one of the most important key factors that make up your credit score. To avoid any interests, you should always pay the full amount each month before the due date.
Statement Date
There are two types of statement date: Statement Closing & Statement Opening
Statement closing date (usually 30 days after the statement opening date) is when the creditor reports your credit statement to the credit bureau.
Statement opening date (day after statement closing date) starts a new statement cycle for your credit report.
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