An unbilled amount is the total of all transactions that a person makes after the credit card statement is generated. This amount is generally mentioned as the amount due in your upcoming credit card statement. Basically, it’s the outstanding amount in your statement that you’ll be required to pay within the due date. If you want to find how much you’ve spent on your credit card, you’ll have to check the unbilled transactions on your credit card statement. I hope now you know what is unbilled amount in credit card.
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Let’s understand what is unbilled transaction in credit card using an example:Let’s say that Pourush’s credit card statement is generated on the 20th of each month. His credit card statement will contain every transaction made between the 21st of the previous month and the 20th of the present month. During this period, if he makes a transaction of Rs. 1,50,000/- from his credit card limit, then hell be required to pay this amount in your present bill. Now, if he made a transaction on the 21st of the present month, the day he gets the credit card statement, it’ll be treated as the unbilled amount as the amount that is spent after the generation of the credit card statement.
It's very easy to repay the unbilled amount in the next month if the amount is small. But, if the outstanding bill amount is huge, then you get about 20 days for converting the amount into EMIs.
Now you know what are unbilled transactions in credit card.
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I hope I cleared all your doubts regarding what is unbilled amount in credit card.
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What is unbilled amount in credit card?
Lakshit
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3 Year
2022-04-21T15:45:22+00:00 2022-04-21T18:31:23+00:00Comment
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