The monthly period whose spends appear together on one credit card statement.
A billing cycle runs for about a month, from one statement date to the next. The bill is generated on the statement date and is due around 15 to 20 days later.
RBI rules let you change your billing cycle at least once, through the bank's app or customer care, so the due date can fall soon after your salary credit.
Short reads that explain how it works before you decide.
GuidesNo-Cost EMI: What It Really Costs You, With a Worked ExampleNo-cost EMI is not a trick, but it is rarely free. Here is where the money goes: the discount you give up, the processing fee, and GST on the interest, worked out on a Rs 30,000 phone.Read the guide →Automatically organise your spending, track expenses and understand where your money goes.
