When is the best time to set your statement date, in your opinion?


Hey all,

My direct debit is set up to clear the balance on my credit card in full each month, and my DD usually comes out 14 days following the statement date. As I get paid on the 5th of the month I’m wondering whether to have my statement date before/after my pay date.

Is there a certain strategy everyone adopts with regards to when their credit card statement comes out? Before payday? On payday? After payday?

I’d be keen to hear others’ thoughts on the matter.


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