But missing a key date can cost you in more ways than one.
For instance, missing a payment can damage yourcredit scoreand result in a hefty late fee.
Below, we’ve compiled everything you gotta know about the key dates linked to your credit cards.
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1.
A credit card’s billing cycle typically lasts between 28 and 31 days.
When your statement period comes to a close, you’ll receive a bill for the amount you owe.
Credit cards typically expire at the end of the month listed as the expiration date.
When your credit card expires, your account remains open but the card itself will stop working for payments.
After that, the annual fee will be charged once per year on or around the account anniversary.
Not every credit card offers a welcome bonus.
Contact your issuer if you need clarification.
But missing key dates can result in interest charges, late fees and damage to your credit score.
That point was corrected.
This version has been substantially updated by a staff writer.
