Credit card bill payment

[arun21]

Bill payment karne ka best time bill Generated hone ke baad turant pay kare ya due date pe

 

[krishna1718]

if you want to minimise credit utilization pay before bill generation, if you want max utilization minimum risk pay 5-7 days before due date. don't pay just on due date if any transaction failure you will fall in charges

 

[TaxWiser]

Bill payment karne ka best time bill Generated hone ke baad turant pay kare ya due date pe

1. If Credit Utilization < 30%:

○ Pay your credit card bill 5-10 days before the due date to avoid any unexpected issues such as delays in processing or potential late fees. This practice helps maintain a good credit score and ensures timely payments.​

2. If Credit Utilization > 30%:

○ Pay the amount exceeding 30% of your credit limit before the bill generation date. This helps reduce your credit utilization ratio, which positively impacts your credit score.​

○ Pay the remaining balance 5-10 days before the due date as mentioned above. This ensures you avoid any late fees and maintain a good payment history.​

By following these steps, you can effectively manage your credit utilization and maintain a healthy credit score.

Pro Tip: Pay your credit card bill using MobiKwik for consistent cashback(as long as the offer is available) and use Cred for last-minute instant settlements(worked everytime for me)

 

[_rohitsoni]

Doesn't really matter as long as you are paying your bills before the due date. I'm paying my dues in last 2-3 days of my due date from years and had no negative impact on CIBIL.
Additionally, if your overcall Credit Utilization is more than 30% then you might want to consider paying some amount before the bill generation. Here, I mean overall credit utilization: Total Credit Card bill amount of all the credit cards of all the banks should be less than 30% of Sum of all the credit limits from all the banks. Individual limits doesn't matter (generally it is said so as to create a discipline of paying bills on time).