WebBilling cycle – This is the 30-day period for which the statement is generated. It is the period between two consecutive statement dates. The Credit Card bill is a reflection of the transactions made during the billing cycle, apart from the interest penalty and late … WebApr 12, 2024 · A. HDFC Bank does not charge any interest or fee on these cards if the payment is made on or before the due date. However, if you fail to do so, an interest rate of 2.95% p.m. (35.4% p.a.) will be applied on the Purchase Cards & Select Corporate Cards. However, Corporate Credit Card comes with an interest rate of 3.49% p.m. (41.88% p.a.).
A Complete Guide to Using Your HDFC Credit Card - 12 April …
WebJun 8, 2024 · Credit card bills are cyclical so a new bill gets generated every month and it reflects all the purchases made since the last bill was generated. The payment due date is set 21-25 days after the date of bill generation and in this way, you can enjoy an ‘interest-free period’ of about 45-50 days. Let us understand this with the help of an example. WebAug 23, 2024 · However, your credit card statement is already generated for the period on September 6 and it includes a debit of Rs. 5,000 (for which you already initiated the refund request). Now, you have already received the refund amount on September 10 and considering your bill due date will be September 25. role in my family
How Credit Card Returns and Refunds Work? - Paisabazaar
WebCredit Card Billing Cycle. While using your credit card, it is important to be aware about several terms associated with it, one of which is credit card billing cycle. It is an important aspect of financial planning. Once you are aware of your billing cycle, you can use your card to the best of your advantage. WebHDFC Bank RuPay Credit Cards can now be linked to UPI to enable seamless & secure transactions. Link your HDFC Bank RuPay Credit Card in UPI app for UPI Payments … WebMar 4, 2024 · The first step to changing your credit card due date is selecting a date that makes the most sense for your finances. If you are paid every two weeks, it's good to have some bills due on the first of the month or shortly thereafter and some bills due around the 15th, or shortly thereafter. outback saddlery denver