2 min read
25 May 2021

A credit card statement summarises your credit card activities for the billing period. It mentions your total credit limit, credit limit used, penalties (if any), reward points, and other information to help you monitor your spending. Going through your statement is also helpful as you can ensure that your card hasn’t been misused and that you haven’t been charged incorrectly.

What is an unbilled amount in a credit card

Any credit you use after the billing cycle is called unbilled credit, and is charged in the next billing cycle. In other words, the unbilled amount in credit cards is the sum total of all the transactions that you make after the statement is generated. You will find this unbilled credit card amount in your next credit card statement as the amount due.

Additional Read: How to pay your credit card bill?

Take a look at an example to understand better.

Decoding the unbilled amount in credit cards

Assume that your credit card bill is generated on the 10th of every month.This means that your credit card statement for the current month will include transactions that you made between the 11th of last month to the 10th of the current month. If during this period you spend Rs. 5,000 from your credit limit, your current bill will require you to repay this amount. Now, assume that you make a transaction of Rs. 2,000 on the 11th of the current month. In this case, since this amount is spent after the bill is generated, it is the unbilled amount.

If your unbilled amount is a pocket-friendly sum, then repaying it the following month is easy. However, if you realise that the amount is more than you can manage, you have another 20 days, approximately, to take action and convert the amount into EMIs. With credit cards like the Bajaj Finserv RBL Bank SuperCard, you can convert such an unbilled credit card amounts into EMIs in an instant. The only thing you need to keep in mind is that the amount must be at least Rs. 2,500. This way you can repay your credit with ease and avoid high-interest charges too. Apart from this, the RBL Bank SuperCard also offers other beneficial features that elevate your credit experience. Take a look at what they are.

Common process to check an unbilled amount on a credit card

  • Check your credit card statement
  • Check on your credit card account online
  • Request for SMS alerts to your card issuer
  • Speak to the customer service executive

Here are some benefits of Bajaj Finserv co-branded credit cards

Avail an interest-free emergency loan

Emergencies can drain your finances, and at such times, you may consider either breaking your investments or availing a personal loan. However, in order to qualify for a personal loan, you are required to meet certain eligibility terms and submit documents. This may delay your access to funds. At such times, you can easily convert your available cash limit for the SuperCard into a personal loan. This loan can be availed for 3 months with zero processing fee and a nominal interest rate of 1.16%*.

Interest-free cash withdrawals

Apart from offering an emergency advance, the SuperCard also allows you to make interest-free cash withdrawals* for up to 50 days from any ATM in India. Only a flat 2.5% of the cash amount (minimum Rs. 500) + GST is charged on the transaction. You can use this feature to address your urgent cash needs without paying high-interest rate that other cards may levy.

Additional Read: How to make a credit card payment through IMPS?

Apart from all these features, the SuperCard also offers annual savings of around Rs. 55,000. So apply immediately, but not before you check your credit card offer. It’s the quickest and simplest way to get access to this handy credit card.

*This loan is provided by RBL Bank at their discretion and is subject to its policies.
*A 2.5% of the cash amount (minimum Rs. 500) + GST or Rs. 500 (whichever is higher, is applicable) + GST.

The unbilled amounts on your credit card are the transactions made after the credit card statement generation. You can pay the unbilled amount in full in your next billing cycle or convert it into EMI.

How to check unbilled amounts on credit cards?

If you want to check the unbilled amounts on your credit card, you can do so by following these simple steps

  • Log on to your credit card account via the bank's website or mobile app. 
  • Once you have logged in, check, and click on "Unbilled Amount" section, which provides real-time information on all transactions that have not yet been billed to you.

Alternatively, you can also check the unbilled amount on your credit card statement that is generated every month after your billing cycle. You can even call the bank's customer service number to check your unbilled amount.

By keeping track of your unbilled amounts, you can manage your spending effectively and avoid overspending beyond your credit limit. This, in turn, helps to minimize the risk of high-interest rates and penalties, ensuring that you stay in good financial standing.

What are the consequences of not paying the unbilled amount on the credit card?

Not paying the unbilled amount on your credit cards can have severe consequences. 

  • Firstly, non-payment would lead to an increase in outstanding dues, resulting in the burden of high interest rates on the unpaid amount. This would ultimately lead to an increase, making it harder for you to clear your dues. 
  • Secondly, non-payment would negatively impact your credit score, affecting your future financial credibility and opportunities like loan approval and a lower interest rate.
  • Lastly, regular non-payment of dues could result in the card issuer taking legal action against you, which could lead to consequences like an unfavourable credit report.

What is the difference between unbilled amount and outstanding amount?

Understanding the difference between the two is important for managing your credit cards effectively. Essentially, the outstanding amount refers to the total balance on your credit card, which includes any unpaid or overdue bills.

Unbilled amounts, on the other hand, are purchases you’ve made on your credit card but have not yet been reflected in your billing statement.

Keeping track of both outstanding and unbilled amounts is crucial to avoid overspending and exceeding your credit limit. With the Bajaj Finserv RBL Bank SuperCard and Bajaj Finserv DBS Bank Credit Card, you can conveniently monitor your outstanding and unbilled amounts through the online portal.

Conclusion

Credit card statements provide valuable information on your spending habits, outstanding balances, unbilled transactions, and credit limit usage. This information is essential for effectively managing your finances and avoiding overspending. By reviewing your statements on a regular basis, you can detect any errors or fraudulent charges, take advantage of rewards programs, and stay informed about your credit card activity.
 

DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.

*Terms and conditions apply

Asked frequently questions

Do we need to pay unbilled amount?

You are required to pay only the billed amount as per your statement every month, which includes all transactions that have been posted up until the statement date. The unbilled amount will be included in your next billing cycle. 

What happens if we pay the unbilled amount in credit card?

If you choose to pay your unbilled amount, you will essentially be making an early payment towards your future credit card bills. Paying your unbilled amount in full may leave you with insufficient funds to cover your other necessary expenses. This can potentially lead to cash flow problems and financial stress.

While this may seem like a good idea, it is important to note that paying your unbilled amount will not necessarily reduce your interest charges or late payment fee or give any tangible benefits.

When does the unbilled amount get charged to the next billing cycle?

Typically, the unbilled amount gets charged to your next billing cycle once the current cycle ends. This means that any transactions made during the current cycle will be added to your next billing cycle as part of your billed amount.

Can I convert the unbilled amount into EMIs to manage repayment?

Yes, you can convert your unbilled amount into easy EMIs for convenient repayment. Once you have converted your unbilled amount into EMIs, the amount will be shown in your billing cycle every month as a billed amount.

What transactions contribute to the unbilled amount?

The unbilled amount refers to any transactions or purchases that have not yet been included in your current billing cycle.

The following transactions contribute to your unbilled amount:

  1. Recent transactions: Any transactions made on your Bajaj Finserv co-branded SuperCard after the statement date for your current billing cycle.
  2. Deferred transactions: Deferred transactions such as EMI purchases will be added to your unbilled amount until they are converted into EMIs.
  3. Credit transactions: Any credits or refunds that have been applied to your SuperCard account will be a part of your unbilled amount.

It is important to keep track of your unbilled amount so you can be prepared for your next billing cycle and ensure you have sufficient funds to cover your expenses. 

How can I find the unbilled amount on my credit card statement?

The unbilled amount refers to any transactions or purchases that have not yet been included in your current billing cycle. To find the unbilled amount on your credit card statement, you can follow these simple steps:

  1. Log in to your Bajaj Finserv RBL Bank SuperCard account through the mobile app or online banking.
  2. Go to the "Statement" section and select your current billing cycle statement.
  3. Look for the section labelled "Unbilled Transactions" or "New Transactions" which will show you all transactions made after the statement date for your current billing cycle.
  4. Add up the amounts shown in this section to find your total unbilled amount.
How long do I have to pay off the unbilled amount?

You must pay the unbilled amount within one month, on or before the next billing cycle.

Are there any penalties for not paying the unbilled amount on time?

Typically, you are not supposed to pay the unbilled amount in the current cycle. The unbilled amount will be added to your billed amount in your next billing cycle, which is when you should make the payment.

Can I set up notifications or alerts for changes in the unbilled amount?

You could set up notifications or alerts if your card provider offers the service on their app or website.
 

Show More Show Less

Related Videos