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 fees^disclaimer or you could lose the benefit of an interest-free period^disclaimer.

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 fees^disclaimer and potentially avoid paying interest on the purchases balance^disclaimer.

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 owing^disclaimer.   

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 (or if applicable, your ‘Adjusted Closing Balance’) by the due date each month^disclaimer. Your Adjusted Closing Balance is calculated as your Closing Balance less the sum of any relevant Promotional Plan balances that relate to an Instalment Plan, a Buy Now Pay Later plan, or a Promotional Balance Transfer Plan, plus any instalments due (including instalments previously due which have not yet been paid). 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 immediately^disclaimer. 

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 debit^disclaimer – 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 (or if applicable, your ‘Adjusted 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.