Finance

Tip Tuesdays: Can I Pay My Credit Card Dues Even Before I Receive a Statement From My Bank?

Reader Gopal asks,

I can see my total credit card dues over the Internet. Can I pay off these dues even before I receive a statement from my bank?

Sure. You can. In fact, I follow this policy [and I’d advise you to] — each time I use my credit card, I wait for the transaction to get posted and pay it off immediately. My credit card statement has a Rs 0.00 due each month.

[sniplet tip tuesdays]

2 thoughts on “Tip Tuesdays: Can I Pay My Credit Card Dues Even Before I Receive a Statement From My Bank?

  1. Couple of reasons. One, you need a credit card for hotel/airline bookings. Two, the reward points. If you have the discipline to pay your credit card dues on time, the reward points can be exchanged for some pretty useful stuff. Another plus: one of my credit cards gives me a free movie ticket for every ticket that I purchase (@ PVR).

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