Credit Card Interest Charges and Payment Due Date

Credit Card Payment Due Date

For online credit card statements, I’d like a law where they forced banks to show amounts due based on the “Payment Due Date”. For example, my total credit card bill is $5,000. $2,000 is due 1/18/2012. $3,000 is due 2/18/2012. All I have to do is pay $2,000 by tomorrow, then the other $3,000 can be paid a month later. The way the credit card companies have it currently listed, the minimum you are required to pay to avoid interest charges is not clear. I do not expect banks to do this because they are not in the business of advocating for the customer.

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