How to Avoid Paying Your Credit Card Bill

This month, I never got a credit card bill. I didn’t get my usual monthly email with my statement. There was no minimum payment due. Nothing.

I completely got out of paying my credit card bill for a month.

This isn’t a huge deal as I’m not investing that extra money over the next month and I surely won’t be risking it on a single stock (although that does sound kind of cool).

Still, if I could accidentally get off without making a credit card payment, I’m sure there are a ton of other people who need an extra month to get the money or who might want to risk the one-month investment.

So how did I do it?

After not receiving the bill, I called up my credit card company asking why I wasn’t sent a bill. They said that my billing cycle was changing and this is just a side effect. I completely forgot that I changed my due date from the 4th of the month to the 1st. It’s not a big change, but I like having all my bills due at the same time, so I requested it.

What I didn’t realize is that when I requested the change, they would skip the billing date on the 4th and make my next billing date on the following 1st.

Had I requested payments to be due by the 7th, they would have simply put off the bill for 3 days. But since I asked for it earlier in the month, it actually got put off for 28 days.

Readers, will anyone try this move to get an extra few weeks before having to pay the bill? Would you try it around Christmas time? Or do you enjoy the regular cycles and automatic payments?

14 Responses to How to Avoid Paying Your Credit Card Bill

  1. Right now, our credit cards are on a cycle that fits right in with our monthly budget cycle. Anything to change that might screw up how things work, plus delaying this is only going to have a one-month effect, and then you’d have to pay two months worth during the eventual catch-up. So, not really worth it for the change.

    • Daniel says:

      @Money Beagle, Yah, it’s definitely not something I was looking for and it happened for very innocent reasons. Also, I don’ tthink it’s a great idea because I called up about 20-30 days before the bill was scheduled to come out anyway, so someone in need of an extra month would need the foresight to know that.

      But, if you have a huge credit card bill and a nice savings account, that extra 2 or 3 percent for an extra month could be kind of cool if you do it a few times a year.

  2. Jenna says:

    I’m not sure about purposely moving my credit card payments to avoid paying them for a month. However, I like the idea of having all my bills arrive at the same time. With is better for most people, first or last of the month?

    • @Jenna, for us it wouldn’t matter. We get paid every other Wednesday, so it’s all the same.

    • Daniel says:

      @Jenna, I prefer the first because it’s always the 1st as opposed to the 30th or 31st, so it’s always the same date. Do you set the last day of the month? Or do you pick a number and sometimes it rolls over to the next month?

      • Jenna says:

        @Daniel, More just a question of curiosity. It would be interesting to know how many of your readers pay on the first of the month or the last of the month. But I like your argument for the first of the month. What is the process of asking for a credit card company to bill you then?

        • Daniel says:

          @Jenna, Definitely, I’ll try and see if we can get some twitter responses or maybe I’ll create a new post.

          I just called up and asked to move it. They seemed to have no problem moving it, but I vaguely remember calling up when I first got it and asking them to change it from the 15th to the 1st, and the best they can do was the 4th for some reason.

  3. Do you have a revolving balance on this card? Are they going to NOT charge you the interest for that time period? I would think that just because they are changing your billing date wouldn’t affect how they charge interest on a balance. My main concern would be paying more interest because the allowed me to “skip” a payment.

    As for having all my bills due on the same date, most of my bills fall between the 10th and the 20th of the month. It works out great for me because I usually get paid on the 5th of each month, which gives me plenty of time to dole out the cash for bills. Ahhh, bills!

    • Daniel says:

      @Little House, There’s no balance on the card, and there’s no payment due or any interest being charged for the extra month. It is the real deal of being able to skip the payment. They don’t see it as “skipping” but I do. If I had to pay interest, it obviously wouldn’t be worth it.

  4. I pay the bill whenever I receive it, and pay off as much as I can (which is usually all of it). I don’t want to have to keep thinking of that, so I’d rather get it out of the way when it comes.

  5. Jackie says:

    Put me in the regular cycles and automatic payments camp. I have my AMEX card paid automatically each month and it’s very nice.

  6. Evan says:

    I don’t get it. If you don’t have a budget what bill did you really put off? If you owed anything on the car, the company would be receiving interest on the 26 days you didn’t pay anything?

    • Daniel says:

      @Evan, Well it’s a credit card that gets paid in full everymonth. Since thebilling cycle just happens to be almost 2 months this time, it’s like they just didn’t bill me until much later. If they don’t bill me, there’s no interest or late payments. So as long as I pay by September 1st, there will be no interest or other charges.

  7. Forest says:

    Ha ha, that’s kind of funny that that happened. I wouldn’t advise it as it’s just more interest building up (I assume).

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