Can I make a payment during the billing cycle?
Curious about credit card billing cycle
Yes, you can make a payment on your credit card balance at any time during the billing cycle. Making payments before the due date or even in between billing cycles can help you reduce your outstanding balance and minimize interest charges.
Most credit card issuers provide multiple payment options, including online banking, mobile banking apps, phone payments, or inperson payments at a branch. You can choose the method that is most convenient for you.
Keep in mind that making a payment during the billing cycle does not replace the requirement to make at least the minimum payment by the due date. The minimum payment is the smallest amount you must pay to avoid late fees and a negative impact on your credit score. Making additional payments during the billing cycle can help you pay off your balance faster and reduce the overall interest charges.