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If you have a Discover credit card you’re undoubtedly familiar with getting a monthly statement detailing your charges, payments interest, and the total balance owed. But when exactly is your Discover card payment due each month?
Read on to learn more about Discover card billing cycles, payment due dates, and how to avoid late fees.
Discover, like all major credit card companies, has established monthly billing cycles Your individual billing cycle is based on when you first opened your account.
Discover card
Here’s an overview of how the billing cycle works
Your billing cycle starts on the same day each month, which is called your statement date. This is the day your monthly statement is generated.
During the billing cycle, all your new purchases, payments, credits, and interest accumulate.
At the end of the cycle on your statement date, Discover tallies up all the activity into your statement balance.
Your payment due date is 25 days after the statement date.
This is the deadline to pay at least the minimum amount due.
If you don’t pay by the due date, you’ll incur
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