- Home
- Credit Card
- Credit Card Billing Cycle
Credit Card Billing Cycles: How its Works and Impact CIBIL Score?
A credit card billing cycle refers to the period between the start and end of a credit card statement. Within this cycle, you have the freedom to make purchases using your credit card. All the transactions made during this time, including purchases, cash advances, and fees, are recorded and accumulated.
At the end of the billing cycle, your credit card issuer generates a statement that provides a detailed summary of all your transactions and charges. It is important to review this statement to ensure its accuracy. You are then given a specific timeframe, typically around 21 to 25 days, to pay off your outstanding balance in full without incurring any interest charges. If you do not pay the full amount by the due date, interest will be applied to the remaining balance.
- Personalized solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Interest rate comparison
Table of Content
How it works
Interest on credit cards in India is charged on a daily reducing balance basis. This means that interest is calculated on the outstanding balance at the end of each day. The interest rate is applied to the outstanding balance and then multiplied by the number of days in the billing cycle. The total interest charge is then added to the outstanding balance at the end of the billing cycle.
For example, if your credit card has an interest rate of 20% per year and your outstanding balance at the end of the billing cycle is Rs. 10,000, then you will be charged Rs. 500 in interest.
The interest rate on credit cards in India can vary from issuer to issuer, but it typically ranges from 18% to 30% per year. The interest rate is also affected by your credit score. If you have a good credit score, you may be able to get a lower interest rate on your credit card.
Billing Cycle Start And End Dates
The billing cycle start and end dates in India can vary depending on the credit card issuer and the type of card. However, most credit cards in India have a billing cycle that lasts for 25-31 days. The billing cycle begins on the first day of the month and ends on the last day of the month.
At the end of the billing cycle, your credit card issuer will send you a statement that lists all of the transactions that you made during the period. The statement will also show you the interest charged if you do not pay your balance in full by the due date.
Here are some examples of billing cycle start and end dates for some popular credit cards in India:
- Citibank PremierMiles Credit Card: Billing cycle starts on the 1st of the month and ends on the 30th of the month.
- HDFC Bank Regalia Credit Card: Billing cycle starts on the 15th of the month and ends on the 14th of the following month.
- ICICI Bank Amazon Pay Credit Card: Billing cycle starts on the 1st of the month and ends on the 28th of the month.
Due Date And Minimum Payment
The due date is by which you must pay your credit card bill in full in order to avoid paying interest charges. The minimum payment is the smallest amount you pay on your credit card bill to avoid late fees.
The due date and minimum payment for a credit card are usually specified on your credit card statement. You can also find this information by contacting your credit card issuer.
If you are unable to pay your credit card bill in full by the due date, you should still make a minimum payment. The minimum payment helps reduce your outstanding balance and prevent your credit score from taking a hit.
Tips To Manage Credit Card Bills
It is important to understand how credit card billing cycles work so that you can make the most of your credit card and avoid paying unnecessary interest charges. Here are a few tips for managing your credit card billing cycle:
- Track your spending: It is important to track your spending during the billing cycle so that you know how much you need to pay by the due date. You can use a credit card tracking app or simply keep a running tally of your expenses.
- Make payments on time: Make sure to pay your credit card bill in full by the due date. This will help you avoid paying interest charges and build your credit history.
- Take advantage of grace periods: Most credit cards offer a grace period, which is a period of time after the due date, during which you will not be charged interest on your purchases. If you can pay your bill in full within the grace period, you can avoid paying any interest charges.
Billing Cycle Duration in India
The credit card billing cycle duration in India can vary from issuer to issuer, but it typically ranges from 27 to 31 days. The billing cycle is the period of time between when your credit card statement is generated and when your payment is due.
For example, if your billing cycle starts on the 1st of the month and your payment is due on the 20th of the month, then your billing cycle would be 20 days long. During this time, you can make purchases on your credit card and those purchases will be reflected on your statement.
Once your statement is generated, you will have a grace period of typically 20-25 days to pay your bill before interest charges start to accrue. So, in the example above, if you don’t pay your bill by the 10th of the month, you will start to accrue interest on your outstanding balance.
Interest-Free Period of a Credit Card
The interest-free period of a credit card in India is the time between the date of purchase and the date when the payment is due. During this time, no interest is charged on the purchase amount. The interest-free period is usually between 45 and 55 days, but it can vary depending on the credit card issuer.
To take advantage of the interest-free period, it is important to make the full payment by the due date. If you do not pay the full amount, you will be charged interest on the outstanding balance.
Here are some things to note about the interest-free period:
- The interest-free period begins on the date of the purchase, not the date the bill is generated.
- Some credit cards offer a grace period, which is an additional period of time after the due date, during which you can pay the full amount without being charged interest.
- If you carry a balance from month to month, you will be charged interest on the entire balance, not just the amount that was not paid in full during the interest-free period.
- It is important to read your credit card agreement carefully to understand the terms of the interest-free period and the grace period (if any).
Calculation of Interest Charges
The calculation of credit card interest charges is based on the following formula:
Interest = (Outstanding Balance x Interest Rate x Number of Days) / 365
Where:
- ‘Outstanding Balance’ is the money you owe on your credit card after making your last payment.
- ‘Interest Rate’ is the percentage of interest your credit card issuer charges on outstanding balances.
- ‘The Number of Days’ is the date between your last payment and the date your next payment is due.
For example, if you have an outstanding balance of ₹10,000, an interest rate of 18%, and your next payment is due in 30 days, then your interest charges will look like this:
Interest = (10000 x 18 x 30) / 365 = ₹145.45
To avoid paying interest on your credit card, it is important to make the full payment by the due date. If you cannot make the full payment, you should make a minimum payment of at least the minimum due amount. The minimum due amount is usually a small percentage of your outstanding balance, and it is not enough to cover the interest charges.
If you carry a balance on your credit card, you should try to pay it off as quickly as possible. The longer you carry a balance, the more interest you are levied. You can use a credit card calculator to estimate how much interest you have to pay over time.
Impact of Late Payments on Billing Cycles
Late payments on credit cards can have a significant impact on your credit card billing cycle. If you miss a payment, you will be charged a late fee, and your interest rate may be increased. You may also lose your grace period, which is the period during which you can pay your bill in full and avoid interest charges. Late payments can also hurt your credit score, which can make it more difficult to get approved for loans or other forms of credit in the future.
We’ve outlined some specific impacts of late payments on credit card billing cycles in India:
- Late payment fee: Most credit card issuers charge a late payment fee if you do not pay your bill by the due date. The amount of the late fee varies from issuer to issuer, but it is typically between Rs. 500 and Rs. 1,000.
- Increased interest rate: If you make a late payment, your credit card issuer may increase your interest rate. The amount of the increase will vary depending on your credit history and the terms of your credit card agreement.
- Loss of grace period: The grace period is the time period during which you can pay your credit card bill in full and avoid interest charges. If you make a late payment, you will lose your grace period for the next billing cycle. This means that you will be charged interest on all purchases that you make during the next billing cycle, even if you pay your bill in full by the due date.
- Damage to credit score: Late payments can damage your credit score. Your credit score is a number that lenders use to assess your creditworthiness. A low credit score can make it more difficult to get approved for loans or other forms of credit.
What are Billing Cycle Disputes?
A credit card billing cycle dispute is a disagreement between a credit cardholder and their bank over a charge on their credit card statement. This can happen for a variety of reasons, such as:
- A charge that the cardholder did not authorise
- A charge that is incorrect, such as the wrong amount or the wrong merchant
- A charge that is fraudulent
If you believe that there is an error on your credit card statement, you should contact your bank immediately to dispute the charge. The bank will investigate the dispute, and if they find it in your favour, they will remove the charge from your statement and credit your account with the disputed amount.
In India, the Reserve Bank of India (RBI) has issued guidelines that protect the rights of credit cardholders in the event of a billing cycle dispute. These guidelines state that:
- The bank must investigate the dispute within 30 days of receiving it.
- The bank cannot charge any fees for disputing a charge.
- The bank must credit the cardholder’s account with the disputed amount while the dispute is being investigated.
If you are not satisfied with the bank’s decision on your dispute, you can appeal to the RBI. The RBI has a dedicated team that handles credit card disputes, and they will investigate your case and make a decision.
Here are some tips for disputing a credit card billing cycle error:
- Be sure to keep a copy of your credit card statement and any other documentation that supports your dispute.
- Be clear and concise in your explanation of the error.
- Be patient. The investigation process can take some time.
About Credit Card
- HDFC Credit Card vs ICICI Credit Card: Which is the Better Choice?
- Most Expensive Credit Card in India : Top Picks for 2024
- Cashback Rewards and Reward Points: What’s The Difference?
- Difference Between Credit Card and Debit Card: Key Features and Uses
- Lost Credit Card? Here’s What You Need to Do Next
- Axis Bank Credit Card: Track Your Application Status Without Any Hassle
- SBI Kisan Credit Card
- Credit Card Against FD: Key Benefits and Best Picks for 2024c
- How To Close Sbi Credit Card
- Increase Your Credit Card Limit
- Transfer Money from Credit Card to Bank Account
- Credit Card for Airport Lounge Access
- Top Rewards Credit Card
- Top Kotak Mahindra Bank Credit Cards
- Top Axis Bank Credit Cards
- Top Shopping Credit Cards
- Best Credit Cards for Grocery
- Entry-Level Credit Cards
- Secured Credit Card
- Credit Card Interest Rates
Loans
- SBI Personal Loan of 40000
- BOB Personal Loan of 7 Lakh
- SBI Personal Loan of 7 Lakh
- SBI Personal Loan of 10 Lakh
- BOB Personal Loan of 50000
- BOB Personal Loan of 10 Lakh
- PNB Bank Medical Loan
- HDFC Personal Loan of 3 Lakh
- Canara Bank Housewife Personal Loan
- HDFC Personal Loan of 5 Lakh
- SBI Personal Loan of 10000
- SBI Personal Loan of 25000
- Canara Bank Students Personal Loan
- BOB Bank Wedding Loan
- ICICI Personal Loan of 10000
- ICICI Personal Loan of 5000
- ICICI Personal Loan of 15000
- HDFC Personal Loan of 1 Lakh
- BOB Personal Loan for Doctors
- BOB Personal Loan of 2 Lakh
- Indian Bank Medical Loan
- HDFC Personal Loan of 6 Lakh
- Indusind Bank Personal Loan of 6 Lakh
- SBI Personal Loan of 15,000
- ICICI Personal Loan of 20000
- SBI Personal Loan of 30000
- ICICI Personal Loan of 50000
- SBI Personal Loan of 50000
- ICICI Personal Loan of 1 Lakh
- SBI Personal Loan of 1 Lakh
- SBI Personal Loan of 2 Lakh
- Bank of India Medical Loan
- SBI Personal Loan of 5 Lakh
- SBI Personal Loan of 6 Lakh
- SBI Personal Loan of 8 Lakh
- ICICI Personal Loan of 2 Lakh
- SBI Personal Loan of 9 Lakh
- BOB Personal Loan of 10000
- BOB Personal Loan of 40000
- Bank of Maharashtra Wedding Loan
- BOB Personal Loan of 1 Lakh
- ICICI Personal Loan of 3 Lakh
- BOB Personal Loan of 8 Lakh
- BOB Personal Loan of 9 Lakh
- Karnataka Bank Wedding Loan
- Canara Bank Self Employed Personal Loan
- Karnataka Bank Travel Loan
- Punjab & Sind Bank Medical Loan
- Federal Bank Medical Loan
- Union Bank of India Personal Loan of 6 lakh
- Union Bank Small Personal Loan
- SBI Personal Loan Eligibility Calculator
- RBL Bank Personal Loan of 10 Lakh
- Indusind Bank Personal Loan of 1 Lakh
- Yes Bank Personal Loan of 2 Lakh
- Federal Bank Travel Loan
- ICICI Bank Personal Loan Balance Transfer
- ICICI Personal Loan for Wedding
- Yes Bank Personal Loan of 1 Lakh
- Karur Vysya Bank short term personal loan
- ICICI Credit Card Application Status
- RBL Bank Government Employees Personal loan
- Canara Bank Small Personal Loan
- Indian Bank Personal Loan of 8 lakh
- Federal Bank Personal Loan of 6 Lakh
- Union Bank Housewife Personal loan
- BOB Students Personal Loan
- ICICI Personal Loan of 4 Lakh
- Union Bank of India Personal Loan of 5 lakh
- Federal Bank Personal Loan of 7 Lakh
- Federal Bank Personal Loan of 4 Lakh
- Union Bank Personal Loan for Doctors
- Home Loan for 70000 Salary
- Kotak Mahindra Bank Personal Loan of 7 lakh
- Yes Bank Government Employee Personal loan
- Union Bank Government Employees Personal loan
- Indian Bank small loans
- RBL Bank Personal Loan of 7 Lakh
- Federal Bank Personal Loan of 1 Lakh
- Indusind Bank Personal Loan for Lawyers
- Indian Bank Personal Loan for Doctors
- Indusind Bank Personal Loan for Doctors
- Indusind Bank Students Personal loan
- Axis Bank Personal Loan of 5000
- Axis Bank Personal Loan of 10000
- Axis Bank Personal Loan of 15000
- Axis Bank Personal Loan of 1 lakh
- Indusind Bank Senior Citizens/Pensioners Personal loan
- Karur Vysya Bank Personal Loan for Doctors
- Axis Bank Personal Loan of 2 lakh
- Canara Bank Personal Loan for Wedding
- Union Bank of India Personal Loan of 4 lakh
- Federal Bank Personal Loan of 10 Lakh
- Axis Bank Personal Loan of 3 lakh
- Axis Bank Personal Loan of 4 lakh
- Axis Bank Personal Loan of 5 lakh
- Axis Bank Personal Loan of 6 lakh
- Union Bank Personal Loan for Lawyers
- HSBC Government Employee Personal Loan
- Axis Bank Personal Loan of 7 lakh
- Axis Bank Personal Loan of 40000
- Union Bank of India Personal Loan of 2 lakh
- Indusind Bank Personal Loan of 9 Lakh
- Axis Bank Personal Loan of 8 lakh
- RBL Bank Personal Loan of 8 Lakh
- HDFC Senior Citizen Personal Loan
- HDFC Government Employees Personal Loan
- Indusind Bank Personal Loan of 8 Lakh
- Indusind Bank Personal Loan of 40000
- HDFC Salaried Employee Personal Loan
- HDFC Personal Loan for Doctors
- Federal Bank Personal Loan of 3 Lakh
- HDFC Personal Loan for lawyers
- Axis Senior Citizen Personal Loan
- Yes Bank Personal Loan of 7 Lakh
- Axis Government Employees Personal Loan
- Union Bank Students Personal loan
- Indusind Bank Salaried Employee Personal loan
- Kotak Personal Loan for Wedding
- Urban Money FAQs
- ICICI Personal Loan of 10 Lakh
- Axis Salaried Employee Personal Loan
- Axis Students Personal Loan
- Kotak Mahindra Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan for Lawyers
- IDBI Bank Personal Loan of 50000
- Punjab Sind Bank overdraft loan
- PMEGP Loan
- RBL Bank Personal Loan Transfer
- Canara Bank Personal Loan of 10 Lakh
- Canara Bank Short-Term loan
- IDFC First Bank Personal Loan of 5000
- ICICI Bnak Self Employed Personal Loan
- RBL Bank Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 10000
- Union Bank of India Personal Loan of 1 lakh
- Federal Bank Personal Loan of 50000
- Union Bank Self Employed Personal loan
- Union Bank Salaried Employee Personal loan
- SBI Personal Loan of 5000
- RBL Bank Travel Loan
- IndusInd Bank Medical Loan
- SBI Personal Loan of 3 Lakh
- HSBC Bank Medical Loan
- SBI Personal Loan of 4 Lakh
- ICICI Bnak Personal Loan for Doctors
- RBL Bank Personal Loan of 50000
- ICICI Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 20,000
- IDFC First Bank Personal Loan of 2 Lakh
- IDFC First Bank Personal Loan of 25000
- Indian Bank Personal Loan of 10 lakh
- Kotak Mahindra Bank Personal Loan of 5 Lakh
- IDFC First Bank Personal Loan of 40000
- Yes Bank Personal Loan of 50000
- SBI Government Employees Personal Loan
- Indian Bank Salaried Employee Personal loan
- IDBI Bank Personal Loan of 40000
- Karnataka Bank small loans
- IDFC First Bank Personal Loan of 1 Lakh
- Canara Bank Personal Loan of 9 Lakh
- SBI Salaried Employee Personal Loan
- SBI Students Personal Loan
- SBI Housewife Personal Loan
- Yes Bank Personal loan for Doctors
- Indian Bank Personal Loan of 9 lakh
- Canara Bank Personal Loan of 7 Lakh
- Karnataka Bank overdraft loan
- Canara Bank Personal Loan of 6 Lakh
- SBI Self Employed Personal Loan
- SBI Personal Loan for Doctors
- IDFC First Bank Personal Loan of 50000
- SBI Personal Loan for Lawyers
- Union Bank of India Personal Loan of 50000
- Union Bank Senior Citizens/Pensioners Personal loan
- Federal Bank Salaried Employee Personal loan
- BOB Salaried Employee Personal Loan
- HDFC Bank Personal Loan Balance Transfer
- BOB Senior Citizen Personal Loan
- Axis Bnak Personal Loan for Doctors
- Axis Bnak Self Employed Personal Loan
- Axis Bank Fast Forward Home Loan Scheme
- Federal Bank Students Personal loan
- Axis Bnak Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 3 Lakh
- Kotak Mahindra Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 4 Lakh
- Indian Bank Government Employees Personal loan
- Yes Bank Self Employed Personal loan
- IDFC First Bank Personal Loan of 5 Lakh
- IDFC First Bank Personal Loan of 6 Lakh
- Union Bank overdraft loan
- Yes Bank Students Personal loan
- IDFC First Bank Personal Loan of 7 Lakh
- Union Bank of India Personal Loan of 7 lakh
- Yes Bank Personal Loan of 4 Lakh
- Union Bank of India Personal Loan of 40000
- IDFC First Bank Personal Loan of 8 Lakh
- Personal Loan for Government Employees
- IDFC First Bank Personal Loan of 9 Lakh
- Axis Bank Personal Loan of 30000
- RBL Bank Personal Loan of 9 Lakh
- Yes Bank Personal Loan of 8 Lakh
- RBL Bank Personal Loan of 5 Lakh
- RBL Bank Personal Loan of 1 Lakh
- IDBI Bank Flexi Loan
- BOB Self Employed Personal Loan
- Canara Bank Salaried Employee Personal loan
- Federal Bank Personal Loan of 8 Lakh
- ICICI Personal Loan of 7 Lakh
- PNB Personal Loan of 3 Lakh
- Indiabulls Home Loan Eligibility Calculator
- Yes Bank Salaried Employee Personal loan
- Canara Medical Loan
- HDFC Personal Loan of 15000
- Axis Travel Loan
- Yes Bank Personal Loan of 6 Lakh
- Indusind Bank Personal Loan of 10 Lakh
- Home Loan for 40000 Salary
- Indian Bank Personal Loan of 1 lakh
- RBL Bank Personal Loan of 40000
- IDBI Bank Salaried Employee Personal loan
- Indusind Bank Personal Loan of 4 Lakh
- PNB Personal Loan of 50000
- Home Loan for 20000 Salary
- SBI Bank Personal Loan Balance Transfer
- Indusind Bank Personal Loan of 2 Lakh
- HDFC Personal Loan of 20000
- Federal Bank Personal Loan of 5 Lakh
- Bank of Maharashtra Personal Loan of Rs. 5 Lakh
- PNB Personal Loan of 4 Lakh
- HDFC Personal Loan of 50000
- Personal Loan of 20 Lakh
- Personal Loan for CIBIL Score 650
- Personal Loan for CIBIL Score 650
- IDFC First Bank Personal Loan of 10 Lakh
- Kotak Bank Housewife Personal Loan
- Kotak Bank Personal Loan for Lawyers
- Canara Bank Personal Loan for Senior Citizens
- RBL Bank Salaried Employee Personal loan
- Personal Loan for CIBIL Score of 700
- Canara Bank Personal Loan for Doctors
- Federal Bank Self Employed Personal loan
- Kotak Mahindra Bank Personal Loan of 9 lakh
- IDBI Bank Senior Citizens/Pensioners Personal loan
- RBL Bank Self Employed Personal loan
- RBL Bank Personal Loan of 3 Lakh
- Canara Bank Personal Loan for Lawyers
- PNB short term personal loan
- IDFC Personal Loan for Senior Citizens
- IndusInd Bank Overdraft Loan
- HSBC Bank Flexi Loan
- ICICI Bank Overdraft Loan
- Federal Bank Overdraft Loan
- SBI Overdraft Loan
- Loans
- Bank of India Senior Citizens Personal Loan
- Union Bank Flexi Loan
- ICICI Personal Loan of 8 Lakh
- HDFC Personal Loan of 25000
- Federal Bank Housewife Personal loan
- IDBI Bank Government Employees Personal loan
- IDFC Salaried Employee Personal Loan
- Indian Bank Personal Loan of 2 lakh
- HDFC Bank Overdraft Loan
- Union Bank Personal Loan Transfer
- Indian Bank overdraft loan
- IDFC First Bank Overdraft Loan
- Axis Bank Overdraft Loan
- Kotak Bank Overdraft Loan
- BOB Personal Loan for Lawyers
- IDFC Students Personal Loan
- Yes Bank Overdraft Loan
- IDBI Bank Personal Loan of 2 Lakh
- Yes Bank Housewife Personal loan
- Federal Bank Personal Loan of 9 Lakh
- Canara Bank Overdraft Loan
- Indusind Bank Personal Loan of 30000
- ICICI Bank Flexi Loan
- SBI Flexi Loan
- Kotak Bank Flexi Loan
- Yes Bank Flexi Loan
- Canara Bank Flexi Loan
- ICICI Bank Short Term Loan
- SBI Short Term Loan
- PNB Personal Loan for Doctors
- IDFC First Bank Short Term Loan
- Bank of Maharashtra personal loan transfer
- Axis Bank Short Term Loan
- Bank of India Government Employees Personal Loan
- Yes Bank Short Term Loan
- Kotak Bank Short Term Loan
- SBI Small Personal Loan
- Bank of India Students Personal Loan
- HDFC Bank Small Personal Loan
- Axis Bank Personal Loan of 50000
- IDFC First Bank Small Personal Loan
- IDFC Government Employees Personal Loan
- Indian Bank Personal Loan of 5 lakh
- Axis Bank Small Personal Loan
- RBL Bank Flexi Loan
- Kotak Bank Small Personal Loan
- Bank of India Self Employed Personal Loan
- RBL Bank Personal Loan of 30000
- Kotak Bank Salaried Employee Personal Loan
- IDFC Housewife Personal Loan
- IDFC Self Employed Personal Loan
- IDFC Personal Loan for Doctors
- HSBC Bank Wedding Loan
- IDFC Personal Loan for Lawyers
- HSBC Bank Travel Loan
- PNB Bank Travel Loan
- ICICI Bnak Personal Loan for Lawyers
- BOB Bank Medical Loan
- BOB Bank Travel Loan
- Union Bank Travel Loan
- PNB Students Personal Loan
- Federal Bank Personal Loan for Doctors
- Kotak Mahindra Bank Personal Loan of 10 lakh
- RBL Bank Personal Loan of 4 Lakh
- Indusind Bank Personal Loan of 50000
- Bank of India Personal Loan for Doctors
- Home Loan Eligibility Calculator
- ICICI Bank Small Personal Loan
- Indusind Bank Short Term Personal Loan
- Bank of India Personal Loan for lawyers
- Bank Of Baroda Overdraft Loan
- Yes Bank Small Personal Loan
- RBL Bank Wedding Loan
- PNB Senior Citizens/Pensioners Personal loan
- IndusInd Bank Wedding Loan
- Indian Bank Personal Loan of 6 lakh
- IndusInd Bank Travel Loan
- PNB Bank Wedding Loan
- Union Bank Wedding Loan
- Bank of Maharashtra small loans
- Indian Bank Travel Loan
- Bank of India Wedding Loan
- IDBI Bank Personal Loan of 30000
- ICICI Personal Loan of 9 Lakh
- Union Bank of India Personal Loan of 30000
- Bank of India Travel Loan
- Bank of Maharashtra Medical Loan
- Kotak Mahindra Bank Personal Loan of 50000
- Bank of Maharashtra Senior Citizens Personal Loan
- ICICI Personal Loan for Senior Citizen
- Federal Bank Personal Loan of 2 Lakh
- Bank Of Maharashtra Travel Loan
- Bank of Maharashtra Personal Loan for Doctors
- Karnataka Bank Medical Loan
- Indusind Bank Self Employed Personal loan
- Indusind Bank Government Employees Personal loan
- Punjab & Sind Bank Wedding Loan
- Karnataka Bank Government Employees Personal Loan
- Karur Vysya Bank Medical Loan
- Karur Vysya Bank Wedding Loan
- Federal Bank Wedding Loan
- RBL Bank Housewife Personal loan
- IDBI Bank Wedding Loan
- IDFC First Bank Personal Loan of 3 Lakh
- Indian Bank Students Personal loan
- Indian Bank Personal Loan of 7 lakh
- HDFC Personal Loan of 7 Lakh
- HDFC Personal Loan of 8 Lakh
- Kotak Bank Self Employed Personal Loan
- BOB Personal Loan of 15,000
- Axis Bank Personal Loan Balance Transfer
- BOB Personal Loan of 20,000
- Karur Vysya Bank overdraft loan
- IDBI Bank Personal Loan of 1 Lakh
- BOB Personal Loan of 25000
- Bank of Maharashtra Government Employees Personal Loan
- BOB Personal Loan of 30000
- BOB Personal Loan of 6 Lakh
- BOB Personal Loan of 4 Lakh
- Kotak Bank Personal Loan for Doctors
- Home Loan for 30000 Salary
- BOB Personal Loan of 5 Lakh
- Home Loan for 50000 Salary
- Home Loan for 60000 Salary
- Yes Bank Small Personal Loan
- ICICI Salaried Employee Personal Loan
- Kotak Mahindra Bank Personal Loan of 5000
- Kotak Mahindra Bank Personal Loan of 10000
- IDBI Bank Personal Loan for Lawyers
- Kotak Mahindra Bank Personal Loan of 40000
- Kotak Mahindra Bank Personal Loan of 30000
- Kotak Mahindra Bank Personal Loan of 8 Lakh
- RBL Bank Small Loan
- ICICI Government Employee Personal loan
- Kotak Mahindra Bank Personal Loan of 1 lakh
- Canara Bank Personal Loan of 5000
- Bank of Maharashtra overdraft loan
- Canara Bank Personal Loan of 10000
- Indusind Bank Personal Loan Transfer
- Canara Bank Personal Loan of 15,000
- Punjab & Sind Bank Travel Loan
- Indusind Bank Flexi Loan
- Yes Bank Personal Loan of 40000
- Axis Super Save Home Loan Scheme
- Indian Bank Personal Loan for Lawyers
- Canara Bank Personal Loan of 20,000
- Canara Bank Personal Loan of 25000
- HSBC Bank Short Term Personal Loan
- Canara Bank Personal Loan of 30000
- Karur Vysya Bank small loans
- Canara Bank Personal Loan of 40000
- IDBI Bank small loans
- Indusind Bank Small Loans
- Axis Bnak Personal Loan for Lawyers
- HDFC Personal Loan of 30000
- Federal Bank Short Term Personal Loan
- Axis Personal Loan for Wedding
- HDFC Personal Loan for Wedding
- SBI Personal Loan for Medical
- Canara Bank Personal Loan of 50000
- Canara Bank Personal Loan of 1 Lakh
- Union Bank Short Term Personal Loan
- SBI Personal Loan for Wedding
- HDFC Personal Loan of 5000
- Canara Bank Personal Loan of 2 Lakh
- Canara Bank Personal Loan of 3 Lakh
- RBL Bank Students Personal loan
- HDFC Personal Loan of 40000
- IDBI Bank Personal Loan for Doctors
- RBL Bank Medical Loan
- PNB Personal Loan of 30000
- Canara Bank Personal Loan of 4 Lakh
- Canara Bank Personal Loan of 5 Lakh
- DBI Bank Medical loan
- PNB Salaried Employee Personal loan
- Bank Of India short term personal loan
- Indian Bank Personal Loan of 4 lakh
- Navi Personal Loan Eligibility Calculator
- Axis Bank Personal Loan of 20000
- IDBI Bank Travel Loan
- Yes Bank Personal Loan of 3 Lakh
- Yes Bank Personal Loan of 5 Lakh
- Karur Vysya Bank Travel Loan
- RBL Bank Overdraft Loan
- Federal Bank Salaried Employee Personal Loan
- IDBI Bank Self Employed Personal loan
- Union Bank of India Personal Loan of 10 lakh
- PNB Personal Loan of 2 Lakh
- Canara Bank Government Employees Personal Loan
- IDBI Bank Personal Loan of 5 Lakh
- PNB Government Employees Personal loan
- Bank Of India overdraft loan
- BOB Government Employees Personal Loan
- ICICI Personal Loan of 5 Lakh
- HDFC Personal Loan for Medical
- IDBI Bank Students Personal loan
- IDBI Bank Personal Loan of 4 Lakh
- Axis Bank Empower Home Loan Scheme
- Indian Bank Personal Loan of 3 lakh
- PNB Personal Loan of 1 Lakh
- Kotak Bank Government Employees Personal Loan
- IDFC First Medical Loan
- ICICI Medical Loan
- Axis Bank Personal Loan For Medical
- Yes Bank Personal Loan for Wedding
- IDFC First Personal Loan for Wedding
- Kotak Medical Loan
- Yes Bank Medical Loan
- Indusind Bank Personal Loan of 3 Lakh
- Canara Bank Personal Loan of 8 Lakh
- BOB Housewife Personal Loan
- ICICI Bnak Housewife Personal Loan
- Union Bank of India Personal Loan of 8 lakh
- Indusind Bank Personal Loan of 5 Lakh
- Yes Bank Personal Loan of 9 Lakh
- Axis Bank Personal Loan of 10 lakh
- RBL Bank Short Term Personal Loan
- Kotak Mahindra Bank Personal Loan of 2 Lakh
- Bank of India Salaried Employee Personal Loan
- RBL Bank Personal Loan of 2 Lakh
- HSBC Bank Small Loans
- HDFC Personal Loan of 10000
- HSBC Bank Overdraft Loan
- PNB Personal Loan of 40000
- IDBI Bank Personal Loan of 3 Lakh
- IDFC First Bank Personal Loan Balance Transfer
- Union Bank of India Personal Loan of 9 lakh
- HSBC Bank Personal Loan Transfer
- Bank Of Baroda Small Loans
- Yes Bank Travel Loan
- Kotak Travel Loan
- HDFC Personal Loan of 2 Lakh
- Canara Travel Loan
- HDFC Personal Loan of 4 Lakh
- SBI Personal Loan of 20,000
- Home Loan
- Personal Loan
- Loan Against Property
- Business Loan
- Federal Bank Personal Loan for Lawyers
Frequently Asked Questions (FAQs)
What is a credit card billing cycle?
A credit card billing cycle is the period of time between the start and end of a credit card statement. During a billing cycle, you can make purchases and carry a balance. At the end of the billing cycle, your credit card issuer will send you a statement showing all of your purchases, fees, and interest charges. You will then have a certain amount of time to pay your bill in full, or you will be charged interest on your balance.
When does a credit card billing cycle start and end?
The start and end dates of your credit card billing cycle will vary depending on your credit card issuer. However, most credit cards have billing cycles that last between 28 and 31 days. Your billing cycle will start on the same day each month, and your statement will be sent to you on or around the same day each month.
What is the due date in credit card billing cycles?
The due date is the date by which you must pay your credit card bill in full in order to avoid interest charges. The due date will be listed on your credit card statement. Most credit cards have due dates that are between 21 and 25 days after the end of your billing cycle.
How are interest charges calculated during credit card billing cycles?
The average daily balance is calculated by adding up the balance of your credit card at the end of each day and dividing it by the number of days in the billing cycle. For example, if your credit card statement shows a balance of ₹10,000 on the 1st of the month, ₹5,000 on the 15th of the month, and ₹2,500 on the 31st of the month, your average daily balance would be ₹5,000.
Can I dispute a billing cycle on my credit card statement?
Yes, you can dispute a billing cycle on your credit card statement if you believe that there is an error. For example, if you see a charge on your statement that you did not make, you can dispute the charge. To dispute a charge, you will need to contact your credit card issuer and provide them with information about the charge, such as the date of the charge, the merchant name, and the amount of the charge. Your credit card issuer will investigate the dispute, and if they find it in your favour, they will remove the charge from your statement.
What happens if I pay my credit card bill before the end of the billing cycle?
If you pay your credit card bill in full before the end of the billing cycle, you will not be charged any interest. This is because you will not have carried a balance on your credit card.
What happens if I make a payment after the due date in a billing cycle?
If you make a payment after the due date in a billing cycle, you will be charged interest on your balance. The amount of interest that you will be charged will depend on the length of time that your balance was outstanding. For example, if you make a payment 15 days after the due date, you will be charged interest for 15 days.
Can I change my billing cycle date?
Yes, you can change your billing cycle date. However, you will need to contact your credit card issuer and request a change. Your credit card issuer may or may not be able to change your billing cycle date.
How can I avoid interest charges during a billing cycle?
The best way to avoid interest charges during a billing cycle is to pay your bill in full before the due date. If you cannot pay your bill in full, you can try to make a payment that is as large as possible. The larger your payment, the less interest you will be charged.
How can I keep track of my credit card billing cycles?
There are a few ways to keep track of your credit card billing cycles. One way is to write down the start and end dates of your billing cycles on a calendar. Another way is to use a credit card tracking app. Credit card tracking apps can help you to track your spending, your balances, and your due dates.