- 1 What is the billing date of HDFC credit card?
- 2 How do I know my credit card billing cycle?
- 3 How can I change my HDFC credit card billing cycle?
- 4 Can I pay HDFC credit card bill before due date?
- 5 What is billing date and due date?
- 6 What happens if I pay my credit card before statement?
- 7 How long are billing cycles?
- 8 How long is two billing cycles?
- 9 Can I have 2 HDFC credit cards?
- 10 Can we change the billing cycle of credit card?
- 11 What is the maximum limit of HDFC credit card?
- 12 What happens if I pay my credit card 1 day late?
- 13 What is the late payment fee for HDFC credit card?
- 14 Can I pay credit card on due date?
What is the billing date of HDFC credit card?
For instance, HDFC Bank offers interest-free credit period of 20 to 50 days. So, for a HDFC credit card with a grace period of up to 50 days, if the statement date is 5th of every month, the payment due date would be 25th of the same month.
How do I know my credit card billing cycle?
You can find your credit card billing cycle listed on your monthly statement. You’ll notice the start and end dates for your billing period are typically located on the first page of your statement, near the balance. Your card issuer may list the number of days in your billing cycle, or you’ll have to do some counting.
How can I change my HDFC credit card billing cycle?
Requests to change your billing cycle are not being accepted by HDFC Bank. You can, however, contact customer service and explain why you’d like to adjust your billing period. They may review and grant your request if you have a valid reason.
Can I pay HDFC credit card bill before due date?
Remember, the payment made should get credited in your credit card account on or before the due date to avoid charges and penalty, subject to the grace period, if any. For a healthy credit profile and to keep the credit score high, make sure not to roll over the outstanding balance on to the next month.
What is billing date and due date?
Your Billing Date is the first day of your billing cycle and the date your bill is issued. A billing cycle usually starts on your connection date and lasts for the next 30 days. Your New Charges Due Date is the date by which you must pay your bill.
What happens if I pay my credit card before statement?
By making a payment before your statement closing date, you reduce the total balance the card issuer reports to the credit bureaus. That in turn lowers the credit utilization percentage used when calculating your credit score that month.
How long are billing cycles?
A billing cycle, also referred to as a billing period, is the interval of time between billing statements. Although billing cycles are most often set at one month, they may vary in length depending on the product/service rendered. Typically, the billing cycle lasts anywhere between 20 and 45 days.
How long is two billing cycles?
The billing cycle is the period between two consecutive payments for a given service, often lasting 20-25 days.
Can I have 2 HDFC credit cards?
Getting approved for Multiple HDFC bank credit Cards: So having 5 Lakh or more limit on a single card increases your chances of holding multiple credit cards from HDFC, usually limited to maximum of 2 cards per person.
Can we change the billing cycle of credit card?
Shift your credit card due date to a time period when you are paying the least amount of money toward your bills. To actually make the change, call your credit card issuer’s customer service department using the number on the back of your card. They ‘ll ask for your desired due date, then make the change.
What is the maximum limit of HDFC credit card?
HDFC Business Platinum Credit Card Limit: 25,000 – 1,50,000. HDFC Business Moneyback Credit Card Limit: 25,000 – 1,50,000. HDFC Business Regalia Credit Card Limit: Rs. 2 Lakhs – Rs.
What happens if I pay my credit card 1 day late?
If you missed a credit card payment by one day, it’s not the end of the world. Credit card issuers don’t report payments that are less than 30 days late to the credit bureaus. If your payment is 30 or more days late, then the penalties can add up. Late payment fee: In most cases, you’ll be hit with a late payment fee.
What is the late payment fee for HDFC credit card?
HDFC Credit Card Late Payment Charges For Non-payment Of The Minimum Amount Due
|If the statement balance is||Late payment charges|
|Less than Rs.100||NIL|
|Between Rs.100 to Rs.500||Rs.100|
|Between Rs.501 to Rs.5,000||Rs.400|
|Between Rs.5,000 to Rs.10,000||Rs.500|
Can I pay credit card on due date?
Making Your Credit Card Payment on the Due Date Fortunately, credit card issuers offer several convenient payment options that allow you to make your payment from almost anywhere. For example, you can make a phone payment, even on the due date. Note there may be a fee for making an expedited credit card payment.