What is an unbilled amount on a credit card

All your credit card spending and transactions are summed up at the end of the billing cycle. The bank generates a statement on the billing date at the end of each billing cycle. It includes all your activities related to your credit cards such as purchases, payments, and transfers. The amount shown on the credit card on the billing date is what you need to pay before the due date.

However, if you make any transactions or purchases after the billing date, the amounts are carried over to the upcoming billing cycle. These amounts are commonly referred to as the unbilled amount on credit cards.

What is an unbilled amount on a credit card?
 

As mentioned before, any transactions performed after the billing date are called unbilled amounts. These amounts are included in your credit card statements next billing cycle. Once they appear on your statement, you get a grace period to pay them in full without interest before the due date.

For a better understanding, let's look at the following example. If your credit card has a billing cycle ending on the 5th of every month, it will generate your statement on that date as well. Any transaction that occurs after the 6th day will not be included in the current billing cycle and will be carried forward to the next billing cycle. On the 5th day of the following month, the total of all transactions after the last billing date will appear. Until then it is called the unbilled credit card amount.

Using your mobile banking app, you can conveniently check the billed and unbilled amounts on your credit card. No interest or charges are levied on the unbilled amount until the statement is generated. Moreover, you get an interest-free grace period to repay your amounts before the due date.

How to check unbilled amounts on credit cards?
 

There are several ways to check the unbilled amounts on your credit card:

• Online banking or mobile app
  
  Using your online banking account, you can check and manage your credit card statements conveniently. IDFC FIRST Bank offers complete access and control over your credit card account. You can check your statements, billing date, and due date with just a few simple clicks. In addition, you can also check and redeem rewards to avail yourself of exciting discounts using your credit card account.
• SMS alerts
  
  You are often notified by SMS alerts about your credit card billing due dates and billing due dates. When your credit card bill is generated, your bank sends you an SMS or email. For each transaction and payment you make with an IDFC FIRST Bank credit card, you receive a real-time SMS alert, providing you with security against unauthorised activity.
• Customer service
  
  In addition, you can contact your bank's customer service team to find out your billing dates and keep track of your expenses. Furthermore, you can also resolve your credit card queries conveniently.
• Credit card statements
  
  Your bank sends your credit card statement every month after the bills are generated. You can go through the statement to keep a track of your expenses. It also helps you understand your spending pattern, as well as the due and billing dates.
  
  Keep track of your credit card statement regularly to understand your billed and unbilled amounts and make timely repayments on time. Knowing important dates related to your credit card is crucial to managing your finances efficiently.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.