How To Change A Credit Card Billing Due Date?

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Delinquency rates are currently at record lows as more and more consumers pay off their credit card debt. But with payment deferral programs starting to expire, delinquency rates are rising once again. Individuals are now facing the problem of having to pay off their credit card debt in a very limited time frame. If you’re one of these people and are struggling to pay off their credit card debt, you can try changing your credit card billing due date to get a little more time to pay it off.

How To Change A Credit Card Billing Due Date

There are usually two ways that you can change a credit card billing due date: via telephone or online.

Telephone – To change your credit card billing due date by telephone, call your credit card provider’s customer service line.
Online – To change your credit card billing due date online, log into your online banking account. You might even be able to change your credit card billing due date on your credit card provider’s mobile app.

Which Banks Let You Change A Credit Card Billing Due Date?

Depending on your credit card issuer, you may or may not be able to change your credit card billing due date. Below we’ve discussed some of the main credit card issuers in Canada and how you can change your billing due date with each.

American Express

American Express used to provide clients with the ability to alter their billing cycle dates, however, they no longer let you change your credit card billing due date. The reason they no longer offer alternate statements and billing dates is due to the way they calculate the rewards, interest rate and payment due dates.

Desjardins

To change your credit card billing due date with Desjardins, you can call them at 514-397-4415 or 1-800-363-3380. A customer service representative will help you change your invoicing cycle.

TD

To change your credit card billing due date with TD, you can call them at 1-800-983-8472 or visit your nearest TD Canada Trust branch.

BMO

There are three ways you can change your credit card billing due date with BMO. For one, you can call their customer service centre at 1-800-263-2263. They will walk you through the process of changing your billing due date. Another option is to contact them through your online banking account. To do so, simply go to “My Messages” and click “Send a Message”. There you can craft a message to request a change to your credit card billing due date. Lastly, you can visit your nearest BMO Bank of Montreal branch. You can book an appointment with your branch by going to your online bank account under the “Book or Manage Appointments” tab.

CIBC

To change your credit card billing due date with CIBC, call them at 1-800-465-4653. One of their advisors will help you change your billing date to one that you prefer. However, do remember that the change won’t take effect for two billing cycles. As such, you’ll still need to make your credit card payments (at least the minimum balance) by your original due date to avoid any late fees.

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What Date Should You Change Your Credit Card Billing Due Date To?

Depending on your financial institution and the reason why you want to change your credit card billing due date, there are two directions you can take.

Switch Your Credit Card Billing Due Date To Match All Your Other Bills

If you switch your credit card billing due date to match the date that you pay your other bills, you will have an easier time tracking when you have to pay off what you owe. Moreover, by having your bills land on the same, you won’t be tempted to use your money on other things, since you’ve already used it to pay your bills.

Space Out Your Billing Dates

On the other hand, if you’re having a tough time keeping up with your bill payments, spacing them out might be helpful. Spacing out your bills can lessen some of the cash flow strain you may be experiencing. For example, if all your bills come up to $1,500 a month, it may be easier to pay it by splitting your payments, especially if you receive your paycheck bi-weekly or bi-monthly. That way you can make regular roughly even payments instead of having to make one or two big payments a month.

Find out what you should do if you maxed out your credit cards.

Tips For Changing A Credit Card Billing Due Date

There are several things that you should consider when changing your credit card billing due date:

Keep Your Payments In Line With Your Payday: If you make your payments right after you get paid, you can get your debts out of the way before you have the chance to spend your money on anything else. It can be tempting to use your money when you get paid, but if you pay your bills on your payday, you’ll know exactly how much you have left to use before your next paycheque.
Try Automating Your Payments: Oftentimes, people will get slapped with penalty fees and interest charges due to late or missed payments. To help you avoid such charges, you can automate your payments, so that your bills and credit cards are paid on time. You can ask your phone carrier and other utility providers to pull payments through direct debit. Automating your payments, will not only reduce your risk of missing payments, but it’ll also help take the stress of tracking all your bills.
Keep A Close Eye On Your Account: Credit card billing due dates can take up to two months to take effect, so don’t rely on the change being made right away. To avoid any unnecessary late fees, make sure to pay your credit card bill (at least the minimum balance) on your original due date until the changes take effect.

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Credit Card Billing Due Date FAQs

Can changing a credit card billing due date hurt my credit?

No, changing a credit card billing due date won’t hurt your credit. Keep in mind that credit card billing due date changes don’t immediately take effect – they can take up to two months. That means that if you don’t make your payments by your old credit card billing due date, that might hurt your credit.

What if I can’t change my credit card billing date?

If you can’t change your credit card billing date, you can change your payment habits instead. You could, for example, pay off your credit card with your first paycheque of the month instead of your second. You could also try changing your other billing debts that come off your credit card, such as by paying off your phone bill earlier in the month.

What’s the difference between a statement closing date and a credit card billing date?

While a credit card billing date is the date that a payment is due to your credit card provider, a statement closing date is when your credit card provider reports the balance on your credit card (and thus your credit utilization, which is part of the calculation of your credit score) to credit bureaus.

Bottom Line

If you’re having trouble paying off your credit card by the billing due date, consider changing your credit card billing due date to give yourself a little more time. Many credit card providers allow you to change your credit card billing due date, and all you have to do is contact them. When considering changing your credit card billing due date, think about making automated payments and keeping your credit card billing due date in line with your payday so you can pay off your debts before you start spending money elsewhere.

Matthew Taylor

Matthew joined the Loans Canada writing team in 2021 while was finishing up a Bachelor's degree at the University of Saskatchewan. It was there that he discovered his love of writing. His work has appeared in several publications, including the Canadian Student Review and NewEngineer.com. In his spare time, Matthew enjoys reading, geocaching, and spending time with his family and pets.