Overview
Every credit card operates on a monthly billing cycle during which all transactions are recorded and billed.
Key Terms
Billing Cycle
The period during which transactions are accumulated, usually 30 days.
Statement Date
The date on which your monthly statement is generated.
Payment Due Date
Typically 15–20 days after the statement date, by which payment must be made.
Minimum Amount Due
The minimum amount you must pay to avoid late payment penalties.
Ways to Pay Your Credit Card Bill
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Internet Banking
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Mobile Banking App
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Auto Debit from Savings Account
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NEFT / IMPS transfer
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Payment at bank branch
Tip
Paying the full outstanding amount before the due date helps avoid interest charges and maintains a good credit score.