What is an un-billed amount on your credit card?

A credit card is a very convenient mode of payment for various purposes. It includes shopping, bill payments, hotel and flight bookings etc. Once you use your limit to spend on these purposes, you get a credit card bill by the end of the month. A summarized collection of such bills can be found on your credit card statement.

In any given statement of your credit card, you will find a summary of your credit card activities for a particular billing period. Your statement includes details such as the limit of your credit card, the limit utilised by you, reward points that you’ve earned, and other subsidiary information. Analysing your statement helps you ensure that there has been no misuse of your card or all the charges levied are correct and fair.

What is meant by unbilled amount on your credit card?

Any amount that you utilize from your credit limit post the billing cycle is referred to as the unbilled credit amount. You are charged for this in the next billing cycle. To simplify it, the unbilled amount is an addition of all the spends that are done after the generation of statement. This is the amount which you will find in your next statement as amount due.

Understanding unbilled amount in credit card

For instance, let’s assume that your credit card app bill is generated every month on the 10th. It means that your credit card statement will be inclusive of transactions that have been made between 11th of the previous and 10th of the present month. Now assume that you spend ₹10,000 from your credit limit, your present bill will need you to make repayment for it. Now for instance, let’s assume you spend ₹4000 on the 11th of the on-going month. This will be the unbilled amount because the bill has been generated already.

In case if the unbilled amount is small or easy to bear, then its repayment will be quite easy. On the other hand, if the amount is high and you think it is unmanageable, you have only 20 days at your disposal to act and convert the amount into EMI. Credit Cards like Bajaj Finserv RBL SuperCard can help you convert unbilled amounts into easy EMIs instantly. The only condition is that the unbilled amount has to be a minimum of 3000 and more.

Why is the Bajaj Finserv RBL SuperCard better?

Instant loan on credit card –

The Bajaj Finserv RBL SuperCard can help you avail instant funds in times of emergencies. Although the option of Personal Loan is always available, but there can be a delay in disbursal of funds due to verification process. Hence availing loan on your credit card is always easy.

Withdraw cash with no interest –

The Bajaj Finserv RBL SuperCard allows you to withdraw cash from ATMs at zero interest for up to 50 days. You can easily tackle any financial emergency using this card.

High security for your card –

The RBL SuperCard comes with a high level, two-step security feature that can help you stay immune to fraudulent transactions. It has an in-hand security feature that enables you to operate your card using the MyCard app.