Credit Card Bill Payment Online

The billing cycle refers to the period for which your credit card statement has been generated. Any transaction which occurred during this period will reflect in your statement. A fair example of this would be, let’s say your credit card bill is generated on the 19th of every month. This means your credit billing cycle will start from 20th of the previous month and will continue to the 19th of current month. During this period, any and every transaction incurred and posted on your credit card will reflect in that month statement. This will also include your credit card payments, refunds of payments via credit cards, cashbacks, cash withdrawals (if any) and continuing EMI’s on your credit cards.

A typical billing cycle varies between 27-31 days.

The billing cycle starts from the day your credit card is activated till the next statement date. All the transactions done using your credit card will start accumulating in your monthly bill. If you are transferring balance from another credit card to the current one, it will include balance transfer charges. In case you have running EMI’s linked to the credit card, they will be added basis frequency. If any amount is paid back to your card for example fuel surcharge, it will be subtracted from the bill and the final bill gets generated. Any transaction made after the billing cycle is over for the month will reflect in the next month’s statement.

The Credit Card Billing Date or statement date is the day when your Credit Card monthly statement is generated. For example if the billing cycle is 7th Jan to 6th Feb, the billing date is 6th Feb. Any activity after 6th Feb will reflect in billing statement generated in March. So the next billing cycle will be 7th Feb to 6th Mar. The billing date is fixed and will not change every billing cycle.

Credit Card Payment Due Date usually ranges between 18 to 21 days from the billing date. It means customer gets 18 to 21 days to make the payment of the outstanding amount billed to him in his statement. To check due date for your Credit Card refer to Remember to Pay By Date mentioned in the Credit Card statement.

Your billing cycle is mentioned in your Kotak Mahindra Bank Credit Card statement

Yes, you can change your billing cycle through our Customer Care team once in calendar year. You may contact 24x7 Customer Care at 1860 266 2666. Local call charges apply.