The billing cycle starts from the 1st day of the month and ends on the last of the same month. All card transactions during the month are consolidated and are billed on the 2nd day of the next month.
For example, for the month of July ‘21, this is how the billing cycle would work:
- Transactions between 1st July and 31st July will be billed together
- The bill for July cycle will be generated on 2nd August
- You will have to choose a payment plan for your bill by 5th August. You can choose any of the following options:
a. Pay your bill in full - Zero Charges and Enjoy Reward Benefits
b. slice your bills up to 3 months for Zero Charges
c. slice your bills into Instalments of 6 to 18 months - Interest will be charged and the amount will be shown at the time of slicing