A billing cycle is a period during which your credit card company generates a statement that includes all the transactions you made during that period. For HDFC credit cardholders, the billing cycle is usually a month long. Your billing date is the date on which your billing cycle ends, and your statement is generated.
The billing cycle is essential because it determines the due date for your payment and the grace period you have to make the payment without incurring any interest charges or late fees. For HDFC credit cardholders, the grace period is usually between 20 to 50 days from the billing date.
HDFC Credit Card Billing Date
The billing date for HDFC credit cards is the date on which your credit card statement is generated. It’s usually the same date each month and is determined based on the date on which you activated your HDFC credit card.
For example, if you activated your HDFC credit card on the 5th of the month, your billing date will be the 5th of every month.
Your billing statement will include all the transactions you’ve made on your HDFC credit card since the last billing cycle, as well as any fees or interest charges that may have been incurred during that time. You will usually receive your billing statement on your registered email id within 1-2 days of your billing date.
HDFC Credit Card Due Date
The due date for HDFC credit cards is the date by which you must pay your credit card bill in full to avoid any late fees or interest charges. The due date is usually 20 days from the billing date.
For example, if your billing date is the 5th of the month, your due date will be the 25th of the same month.
It’s important to note that the due date is not negotiable. If you fail to make your payment by the due date, you will be charged a late fee and may also incur interest charges.
Late payments can also negatively impact your credit score, making it harder for you to get approved for loans or credit cards in the future.
4 Ways To Know Your HDFC Credit Card Billing Date
#1. Check Your HDFC Credit Card Statement
Your HDFC credit card statement contains all the details about your credit card transactions, including your billing date and payment due date. You will receive your credit card statement on your registered email Id.
Look for the section that says “payment due date” or “statement date.” Your billing date will usually be mentioned around this section.
#2. Using HDFC Digital Assistance ASK EVA
Step #1. Visit the HDFC official website and click on the ASK EVA digital assistance at the bottom right of the page.
Step #2. Type “Credit Card Bill Date” in the search bar of ASK EVA.
Step #3. Provide your 10-digit mobile number, when prompted.
Step #4. Enter the OTP which is received on your registered mobile number.
Step #5. Then, enter the last 4 digits of your credit card number in the box.
Step #6. On the screen, you will see your “Last Statement Date.” This is your credit card bill generation date.
#3. Using WhatsApp Banking
Step #1. Add HDFC Bank’s official WhatsApp number – 7070022222 – on your mobile phone.
Step #2. Send a text message “Hi” & you will receive a message asking you to select an option from a list of choices.
Step #3. Select “credit card service>>Credit Card Summary.” Alternatively, you can send a text message “Credit Card Bill Date” to the HDFC Bank WhatsApp number.
Steps #4. You will receive the completed credit card summary including credit card bill date, payment due date.
If you are not registered with HDFC chat banking, you need to register first.
- You will receive a message asking you to select an option from a list of choices.
- Choose the “customer ID” option.
- Provide the last 4 digits of your cust ID when prompted.
- Enter the OTP which you received on your registered mobile number. Then the message shows you have successfully registered with HDFC chat banking.
- Then follow the above mentioned steps to know your credit card bill date.
#4. Check HDFC Net Banking
If you have registered for HDFC NetBanking, you can check your billing date by logging in to your account. Go to the “Credit Cards” section, and you will see your credit card details, including the billing date & payment due date.
What Happens if I Miss my HDFC Credit Card Billing Date?
Missing your HDFC credit card billing date can result in several consequences, such as:
- Late payment fees: HDFC charges a late payment fee of up to Rs. 950 for missed or delayed payments.
- Interest charges: If you miss your payment due date, HDFC will charge you interest on the outstanding balance at a rate of up to 3.5% per month.
- Damage to credit score: Missed or delayed payments can negatively impact your credit score, making it harder for you to get approved for loans or credit cards in the future.
To avoid these consequences, it’s crucial to make your payments on time and in full. Set reminders for yourself or enroll in auto-payments to ensure that you don’t miss your billing date.
Can I Change my HDFC Credit Card Billing Date?
Yes, you have the option to change your billing date.
As per the new RBI guidelines w.e.f 1 July 2022, the credit card billing cycle can only be modified once. Therefore, you must carefully consider your cash flow before updating your billing cycle as it cannot be modified again.
You can change your credit card billing cycle to contact your respective credit card customer service or visit the nearest HDFC bank branch.
#1. Can I pay my HDFC credit card bill before the due date?
Yes, you can pay your HDFC credit card bill anytime before the due date. Paying your bill in full and on time can help you avoid late fees and interest charges.
#2. How do I check my HDFC credit card balance?
You can check your HDFC credit card balance by logging in to HDFC NetBanking or the HDFC Mobile Banking App. You can also check your balance by calling HDFC customer service or by visiting an HDFC bank branch.
#3. What is the minimum amount due for HDFC credit card?
The minimum amount due for HDFC credit card is 5% of your outstanding balance or Rs. 200, whichever is higher. However, it’s always recommended to pay your bill in full to avoid interest charges and negative impacts on your credit score.
Remember to always make your payments on time and in full to avoid any negative consequences.
If you need more queries regarding your HDFC credit card billing date, payment due date or more, let me know in the comment section.