How Long Does It Take For Credit Card Payments To Post? Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: On This Page
filadendron/E+/Getty Images August 25, 2022 Poonkulali Thangavelu is a senior writer and columnist at CreditCards.com and Bankrate, addressing debt and credit card-related legal and regulatory issues. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. If you are near your credit limit, you may be watching for your credit card payment to post, so that you have the amount freed up for you to use. You could also be wondering about when your card issuer has to acknowledge your payment and post it to your account. The variety of payment methods available to consumers, with their varying speeds of transmission, can create a bit of confusion. So how long does it actually take for a credit card payment to post? Truth in Lending Act governs card payments
Your card issuer has to follow the directives of the in regards to when it should post your card payment. It must send your so you get it at least 21 days before your payment is due. This law sets out that your due date should be the same each month. Your issuer could set it for the same date each month, such as the seventh day of the month, or set it as the last day of each month. And the bank should set the cutoff time to receive your payment as 5 p.m. or later. However, if you make an in-person payment at a branch that has an earlier closing time than 5 p.m., you would have to pay before that branch closes for the day for the payment to be considered on time. In case your payment due date falls on a federal holiday or over the weekend, the issuer should consider a mailed payment received by the cutoff time on the next business day as a timely payment that does not incur a fine. However, if you choose to make an electronic or phone payment and your bank accepts such payments on the due date, you would have to get it in by the due date’s cutoff time. If your card issuer receives your payment in a timely manner, it should be credited on the same business day. If you make your payment after the cutoff time, the bank should credit it the next business day. However, if the bank does not charge you a finance fee or other charge as a result, it could delay crediting your payment. Follow the issuer requirements for card payments
Card issuers also could set up their own requirements for making payments. For instance, they could say that you should include your account number with your payment. They could specify that payments be made to a particular address. In case you don’t follow the issuer’s specific requirements but the bank does accept your payment, it would have to post your payment within five days of receiving it. And if the issuer promotes any specific method for making payments, a payment made through this channel would be considered a conforming payment. The issuer would have to credit it, according to the rules, on the day it receives the payment if it is received in a timely manner. If the bank has made any significant changes to the way it processes your payment or the address for receiving the payment, and this change causes a delay in its crediting your payment in the 60-day period following the change, it shouldn’t impose a finance charge or fine for this delay. Things to remember when paying your credit card bill
The Federal Trade Commission has some advice on this front as well. For one, if you are paying by mail and you have lost your payment envelope, try to find the payment address on your billing statement or contact your issuer to get the right address. If your account is set on autopay, consider that the minimum payment due tends to vary each month. You would also need to have enough money in your account to cover this payment. Even though a bank is required to post your payment following the Truth in Lending Act rules, it need not free up the available credit immediately. It could delay making the credit available to you in some circumstances. However, in that case it can’t charge you a fee for going , even if you have opted into this feature. The bottom line
Precise processing times vary by issuer, but if you’re curious about a . In general, it is safe to assume that most credit card companies process electronic payments in one to two business days. However, don’t fret if it is taking a bit longer, especially if you’ve submitted your payment on time and you have sufficient funds in your checking account. SHARE: Poonkulali Thangavelu is a senior writer and columnist at CreditCards.com and Bankrate, addressing debt and credit card-related legal and regulatory issues. Related Articles