Extending BT period by moving back statement billing date

I have done this with Chase, Citi and Discover. Chase and Citi I received an extra 2 weeks. Discover I received an extra 5 weeks. They changed it based on the due date and not the statement closing date. Chase can be done online.

bpydimer said: What a hassle just to get an extra 2 weeks or so!! I do my AOR every 6 or so months (3 years running)...essentially 0% on balance for lifetime <fingers crossed>.I have 900k of BT money out right now earning 5.65%, so the hassel of doing this could earn me upwards of $2,000 or more. I understand the principal you are using with "continued AORS" but I'm not sure I will get as much money out the second time as I may not be able to consolidate with every previous card and my maximum credit exposure level may have already been reached. I have a large interest in extending a 70k Business BT for as long as I possibly can in any situation.

Also, how are you doing an AOR every six months when some of your offers must be for 12 months +? If you do a AOR (unless it is business credit only) with big balances showing at the six month period, how are you able to keep getting big lines? I'm assuming you are also bumping all those inquiries off TU and EQ, but if they pull EX, then how are you doing an AOR every 6 months?

bpydimer said: What a hassle just to get an extra 2 weeks or so!! I do my AOR every 6 or so months (3 years running)...essentially 0% on balance for lifetime <fingers crossed>.
The reason I did it was for convenience. All my accounts close between the 23rd and 28th of each month. But on the other hand, 5 weeks on 22000 is a little over $100 for five minutes work.

I've added an Update to the OP based on some of the feedback.

Rorer714, I did not include Citi or Chase in the affirmative section b/c I have not been able to do this and neither has lhendricks92. Despite Chase's language, they give me a specific day on the phone for when my BT is due back and have stated that it does not change. However, I will see what others say. Thanks for the positive info on Discover also.

Lhendricks, thanks for the confirmation on Discover and BOA. I also don't believe Citi/Chase will work, but I may call again to verify based on others feedback.

Anyone else have success or failure trying to move back a statement due date? Anyone called and asked about this?

Citi – My original closing date was the 10th and I changed it to the 25th. This BT was paid off on 6/25/07 with no problems.

Chase – My original closing date was the 13th and was changed online to the 28th. After a few emails to CSR this is the wording they used to when my 0% ends, “until your March statement opening date”.

Maybe others can post a little more information so we can figure out why this works sometimes.

I've delayed the clock from starting by requesting a change to my due date and made random payments...

My story:

PRINCIPAL 1-877-875-8078 LINE=14,000 BT$=9600 Util%=69%
________ = 08/05 Req $9,600 to CITI Div Plat Select
________ = 08-06 $9,600 posts to Principal card
________ = 08-06 AMOCO OIL 06615108 4.15
________ = 08-08 PAYMENT - THANK YOU ($4.15)
________ = 08-15 12:12PM CST ... I requested online a "statement date" for the 5th trying for a due date of the 30th. Response was: per your request your new due date will be anywhere from the 6th - 9th of the month
________ = 08-20 1:54PM CST ... I RE-requested online a "DUE date" for the 30th because my original request was not understood. Response was: per your request, your new due date will be anywhere from the 31st ? 3rd of the month
________ = 08-21 PAYMENT - THANK YOU ($10.00)
________ = 09-07 PAYMENT - THANK YOU ($200.00)
________ = 09-17 PAYMENT - THANK YOU ($100.00)
________ = 09-21 CALLED IN ASKING FOR STATEMENT DATE!???! "WHEN DO I NEED TO PAY YOU?"

BTW, my credit reports still do not reflect this card as opened....

Does this work for Chase? I really hate their damn wording...

"Your low promotional 0% APR will apply only to the transferred balance and will remain in effect until the first day of your billing cycle that includes 3/1/2008 12:00:00 AM."

What the heck does that even mean! What is the exact definition of a billing cycle anyways?
From statement date to due date, from statement date to statement date, or from due date to due date.

I currently have my due date at the 28th, so my statement date is currently the 3rd of every month.

ChrisV said: Does this work for Chase? I really hate their damn wording...

"Your low promotional 0% APR will apply only to the transferred balance and will remain in effect until the first day of your billing cycle that includes 3/1/2008 12:00:00 AM."

What the heck does that even mean! What is the exact definition of a billing cycle anyways?
From statement date to due date, from statement date to statement date, or from due date to due date.

I currently have my due date at the 28th, so my statement date is currently the 3rd of every month.
With the wording of this particular Chase offer, moving back the statement billing date would be a benefit to you. Essentially your offer, given your current statement and due dates, would have to be paid off on 2/3/2008, because the next day would be the start of a new billing cycle, which "includes" 3/1/2008 within it. I think you want your statement cycle to end on the 29th - so that the next cycle would actually start with 3/1/2008. This would give you an extra 26 days.

MikeR397 said: sonnysighedup said: ChrisV said: Does this work for Chase? I really hate their damn wording...

"Your low promotional 0% APR will apply only to the transferred balance and will remain in effect until the first day of your billing cycle that includes 3/1/2008 12:00:00 AM."

What the heck does that even mean! What is the exact definition of a billing cycle anyways?
From statement date to due date, from statement date to statement date, or from due date to due date.

I currently have my due date at the 28th, so my statement date is currently the 3rd of every month.
With the wording of this particular Chase offer, moving back the statement billing date would be a benefit to you. Essentially your offer, given your current statement and due dates, would have to be paid off on 2/3/2008, because the next day would be the start of a new billing cycle, which "includes" 3/1/2008 within it. I think you want your statement cycle to end on the 29th - so that the next cycle would actually start with 3/1/2008. This would give you an extra 26 days.When I have called chase about this, they have given me a specific date my BT is due and it was not my due date for the statement. It was exactly the same date of the month I applied for the credit card and was approved, just 12 months in the future. So I applied June 4th, they told me my BT was due on June 4th 12 months later, and that changing the statement date would not affect when my BT was due. However, that sounds very strange to me and just b/c a CSR said it doesnt' mean it is correct.
That's why I was careful to say, "With the wording of this particular Chase offer..." - I'm guessing that ChrisV has this offer online with a current Chase card (I have the same offer on a couple of mine).

As far as the offer which you got when you applied for the card, the language was probably "A 0% fixed APR for the first 12 billing cycles following the opening of your account." Is the date on which you opened the card the same date as when your billing cycle ends every month? If so, then theoretically you could extend your current billing cycle by asking for a new due date. Your billing cycle might then, say, end on the 29th instead of the 4th and you would gain an extra 25 days for your BT. You would still have only 12 billing cycles, but one of them would have been abnormally long. In practice, Chase may be tying the BT terms to the opening date of the account in spite of messing with the billing/due dates.