Know credit card payment date

2 min read

Credit card issuers set a billing cycle during which all your transactions for that period are reflected in the credit card statement. The credit card billing cycle may vary from 27 to 31 days, depending on the card type and the issuer.

Billing cycle and other details

Every month, the credit card holder gets a billing statement from the card-issuing bank based on the billing cycle. This billing cycle may begin on the 1st of a month and continue until the 30th or 31st of a month. In some cases, it may start from the 10th of each month and go on until the 10th of next month. All the transactions done using your credit card during this period gets added to your bill on the bill generation date. To make the payment of this amount, you usually have between 20-25 days after the bill is generated.

The bill generation date is the date on which your credit card statement is generated every month. Generally, it is the last day of the billing cycle of each month.

In case you make payments for some of the transactions during the period, it gets adjusted in the final bill so that you pay only the outstanding amount. Any transaction made after the billing cycle gets reflected in next month's credit card statement.

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Frequently asked questions

How do I know my credit card payment cycle?

Your credit card payment cycle is typically mentioned in your monthly statement. It’s the period between two consecutive statement dates.

What is the payment due date for the credit card statement?

The payment due date is the date by which you must pay at least the minimum amount due on your credit card to avoid late fees.

What is the minimum payment on a credit card?

The minimum payment is the smallest amount you can pay on your credit card bill to keep your account in good standing.

What happens if I miss my credit card payment date?

Missing your credit card payment date can result in late payment fees and increased interest rates. It may also negatively impact your credit score.

Can I change my credit card payment due date?

Yes, most credit card issuers allow you to change your payment due date. You can usually do this online or by contacting customer service.

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