Statement Date
The date your credit card billing cycle closes and your statement is generated. The balance reported to the credit bureaus is typically your balance on the statement date — not your payment due date. Paying your balance before the statement date results in a lower reported balance.
Related guides
- Full credit & FICO® glossary
Browse all defined terms by category.
- Credit Utilization
The percentage of your available revolving credit (credit cards, lines of credit) that you're currently using. Calculated by dividing your total credit card balances by your total credit limits. Accounts for 30% of your FICO score. Lower is generally better; keeping utilization below 30% is a common guideline, while below 10% is ideal.
- Billing Cycle
The recurring period (usually 28–31 days) between credit card statements. Your billing cycle determines when your statement is generated and what balance is reported to the credit bureaus. Payments made during the billing cycle reduce your balance; the amount remaining on the statement date is what gets reported.
Frequently Asked Questions About Statement Date
What does Statement Date mean?
The date your credit card billing cycle closes and your statement is generated. The balance reported to the credit bureaus is typically your balance on the statement date — not your payment due date. Paying your balance before the statement date results in a lower reported balance.
Is Statement Date important for my FICO® score?
Understanding Statement Date helps you manage your credit profile more effectively, which in turn supports a stronger FICO® score.