It appears that credit card companies have a unique understanding of the what constitutes “late” and “early” when it comes to paying your credit card bill. The credit card companies regard a payment made on the day a statement is issued as being “early”; therefore, if you wait for your next statement before making a payment, you will are liable for a “late” payment penalty, having been deemed not to have made a payment for that billing period.
With the advent of internet banking, this interpretation of “late payment” is demonstrably illogical. The image at the top of this post shows this. Perhaps in the days before internet banking, when bills were issued centrally and one only knew what was due for payment once the bill came through your door, this policy made sense. Now that my statement tells me when the next is due to be issued I can set up a payment to go through on that very day.
This is what I did. My credit card issuer did not like it.