Yes, by law the due date of each credit card payment is supposed to be on the same day each month, but sometimes that means the due date is either on a holiday or on a Sunday. The worrying factor is because neither the banks nor the mail operates on the major holidays or on Sundays, which means the check might not get processed or it might not get delivered in time.
There are many different things to know about this because it can get complicated. No matter what happens, ensure that the payment gets in on time or else it could end up damaging the credit score and interest fees and late charges, which will just add to the balance.
First off, most credit card companies are taking payments every day of the year, even if it isn’t advertised. However, they might not be getting their mail, which means that the rule saying that if the payment is received by the day after by 5pm there won’t be a penalty is pretty much void. If the payment won’t reach before, either make the payment over the phone or send it early. The rule is only valid if the credit card companies won’t accept any payments on that particular day, which these days isn’t happening. So ensure that the payment gets in on time to avoid any extra fees.
There are many other alternatives than mailing in a check, especially in this technological day and age. Either make sure to drop the check in the mailbox a few days before normal, which would ensure that the payment is received earlier and there is more time for processing it. Also, if it can’t be sent it early, then go online and send a payment through online banking or through the top credit cards website. The payment can also be made over the phone as long as the required information is at hand, but it might cost a fee, which might be worth it.
Make sure to check and find out when the dates fall on a holiday or on a Sunday. Since the date never changes, make sure to look ahead and figure out if any of the payments fall on these days. If they do, make sure to be aware of it and if needed finagle things around so that the payment can be made early. This should be checked every month before the payments are due so that no surprises come up.
It is better to make the payment early, if possible, rather than to let it be late, which would incur a late fee and possibly damage the credit score. There are many different ways to avoid this and they should all be employed to the highest ability. There isn’t any reason that if the cardholder is aware of the impending problem that it can’t be taken care of. Even if the credit card company is asked they can always change the due date, but that might take a few cycles so make sure to apply in advance.