” you can avoid actually paying until the date due”
Why wuld anyone do that?
If by paying online it wouldn’t be paid until due date I would mail it to make sure it was paid.
BofA took over Mastercard and when you pay it it automaticly puts in the due date and I change it to the day after the statement date.
B of A's system has two classes of payee: electronic and non-electronic. Electronic is settled on the day you set, computer to computer, with no involvement of the US Postal Service. The credit card companies are all electronic payees, as far as I know.
For non-electronic payees, the bank cuts a check and mails it, with four day delivery. That works fine for the electrician or the plumber or the condo association.
Why wuld anyone do that?
If your payment is being sucked out of an interest bearing account it makes sense. Cents too.