What is the best day to use your credit card?
Find out the best day to use your credit card!
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If you use this tool to make purchases, you have certainly heard about the best day to use your credit card.
This recommendation is made based on some calculations that consider the due date and closing date of your invoice.
The period really exists and is a good possibility for those who want to make the best possible use of this payment method.
Interested? Want to know the best day to use your credit card?
So keep reading! We'll explain how it all works.
What does the best day to use your credit card mean?
The best day to buy is the most suitable date for you to use your card.
If you purchase a product or service using your credit card on this date, you will have more time to make the payment within the due date and invoice closing cycle.
Typically, the most suitable day is the date after the invoice closes.
For example, if the invoice was closed on the 31st, this means that if you make the purchase on the 1st of the month, you will have a longer period to pay. After all, in this case, the charge will not appear on the next invoice (due on the 10th), but rather in the following month.
Why do we have up to 40 days to make purchases with a credit card?
You can have up to 40 days to pay the bill if you use the card on the best day to make a purchase and if the payment is made 10 days before the bill is due.
Generally, purchases made between five and ten days before the due date are carried over to the following month's invoice.
Can deadlines vary depending on when the credit card bill is due?
The 40-day rule is valid for most credit card brands that banks work with.
However, deadlines may vary depending on the card and bank.
Nubank, for example, works with a 7-day difference between the closing of the invoice and the due date.
This means that depending on the date of purchase, the consumer may have up to 37 days to make the payment.
Some banks, through their apps, tell consumers which is the best day to use their credit card.
For this reason, it is important that you find out about the deadlines.
Best day to use your credit card table
To help you better understand which is the best day to make purchases with your card, see this table:
| Invoice closing date | Best shopping day | Invoice due date |
| 21 | 22 | 01 |
| 25 | 26 | 05 |
| 27 | 28 | 07 |
| 30 | 01 | 10 |
| 02 | 03 | 12 |
| 05 | 06 | 15 |
| 10 | 11 | 20 |
| 15 | 16 | 25 |
| 18 | 19 | 28 |
| 20 | 21 | 30 |
Source: Mobills
Is it possible to purchase on the day the invoice closes?
You can make purchases on the day your invoice closes without any problems.
However, there is a risk that the charge will appear on this invoice, without a longer period to make the payment.
There is no standard way to close the invoice. In other words, you can make a purchase in the morning and the invoice will close at 12 o'clock.
Therefore, the best day to use your credit card is the day after closing.
What is the difference between invoice closing and invoice due date?
The closing date, which is also known as the best day to shop, is the end of the month's spending cycles.
In short, it is the last day, in a period of one month, in which purchases made and bills paid with the card are still included in the invoice amount.
Expenses processed up to this date are included in the invoice corresponding to that month. Expenses made one day after closing, or those made before closing but not processed in time, are included in the next month's invoice.
The invoice due date is the deadline for payment of your invoice.
If you make the payment after this date, interest will be charged. Therefore, it is best to always plan to pay the bill on time.
When is my credit card bill due?
Many people think that closing date and due date are the same thing.
However, to know which is the best day to shop, it is important to know this information.
The invoice remains open for 30 days. Expenses on the card will accumulate until the closing date.
On that date, expenses will no longer be included in the invoice, as it will be closed.
In other words, all purchases made from that day onwards will only be counted on the next month's invoice.
The expiration date may vary depending on the card.
Is it worth having a credit card?
Credit cards are often seen as a budget villain.
But the truth is that when used correctly, the card is an excellent tool and even helps you to organize yourself better.
Among the main advantages of a credit card, we can mention:
• Ease of shopping: When using a credit card, approval is done practically instantly.
• Organization: You can concentrate all your spending on your card, and thus know exactly where your money is going and how much you are spending each month.
• Points programs: You can register for points programs, such as Mastercard Surpreenda, and enjoy several benefits, such as discounts, for example.
Conclusion
Now you know how to find out what the best day is to use your credit card.
This way, you have a longer period of time to pay for your purchase.
Use your card wisely. This way, you can enjoy all the benefits that the tool offers, in addition to staying away from debts that make your financial planning difficult.
