Understanding your bill date is as vital as knowing your credit limit, when it comes to responsible credit card management. But, how to know credit card bill date? Let’s find out.
Understanding credit card bill date
The credit card bill date, also known as the statement date, is the day when your credit card issuer generates your bill for the current billing cycle. This date is crucial as it marks the start of your grace period, which is the time you have to pay off your balance without incurring interest.
Keep in mind, each credit card can have a different billing cycle and due date. So, it's important to check this information for each of your cards.
Why knowing your credit card bill date matters
Knowing your credit card bill date is essential for several reasons:
- Avoid late fees: By knowing your bill date, you can ensure your payment is made on time, thus avoiding any late fees.
- Manage cash flow: It helps you manage your cash flow better by aligning your bill payment with your income cycle.
- Build credit score: Timely payment of your credit card bill positively contributes to your credit score.
- Avoid interest charges: If you pay your bill in full by the due date, you can avoid interest charges.
- Plan your purchases: Knowing your bill date can help you plan your purchases to maximise the interest-free period.
Finding your credit card bill date
Here's how you can find your credit card bill date:
- Check your statement: Your credit card statement usually mentions the bill date.
- Online banking: Log in to your online banking account. The bill date is usually mentioned in the credit card section.
- Mobile application: If your bank has a mobile app, you can check your bill date there.
- Customer service: You can call your bank's customer service and ask them about your bill date.
- E-mail/ SMS alerts: Banks usually send an e-mail or SMS alert when your bill is generated.
A card that stands out in its clarity of billing and provides a multitude of benefits is the Bajaj Finserv RBL Bank credit card.
Bajaj Finserv RBL Bank credit card benefits
This co-branded credit card offers an array of features and advantages that showcase its dedication to prioritising user convenience:
- Convert expenses exceeding Rs. 2,500 into affordable monthly instalments.
- Withdraw cash interest-free from ATMs across India for up to 50 days.
- Get your annual fee waived when you spend more than the minimum required amount per your card variant.
- Get your fuel surcharge waived at any station in India for up to Rs. 1,200 annually.
- Travel in luxury and comfort with complimentary airport lounge access.
- Enjoy discounts and a free movie ticket each month on BookMyShow.
- Avail of cashback offers when you spend on grocery, fuel, and travel, depending on your card variant.
- Earn redeemable reward points on almost all your transactions.
Apply for the Bajaj Finserv RBL Bank credit card today to get a clear and easy-to-understand bill date and enjoy a wide variety of perks and benefits.
