Robert Green wrote:
"trader_4" wrote in message
news:8fd6cc1c-3ddf-46f9-b832-

If a payment is due on the 10th, that means the recipient has to
receive it by then.

That's my take. I don't know why people don't pay the bill on the
day it comes or soon after. (Lack of funds, maybe, but why spend
money you don't have?) You've already spent the money and the bank is
actually giving *you* an interest-free loan if you pay the entire
bill by the due date. With interest rates below 1%, any savings you
might gain by paying as late as you can is offset by the steep
charges you can incur if you miss. Not worth the effort or risk,
IMHO.

Delaying making a payment also risks that the bill will get lost or
forgotten and both events have costly outcomes. CC companies will
usually forgive ONE late payment for good customers, but not two. If
I miss two payments I also lose any bonus points I've accrued.
*Really* not worth it.

Sometime shortly after I get a bill, I usually schedule the payment online for a
day or 2 before the due date.