Credit card question
Just got a credit card and activated it today, haven't made a transaction on it yet. But I'm a little confused about the whole billing cycle thing.
It's an hdfc card and the lady at the bank says they can't change the due date (which from what I've read isn't true). Anyway, I'd rather not have to deal with calling different people for this for now.
So my question to you guys is,
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can someone explain to me how the billing cycle works for a new card?
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when can I expect my complete statement to be generated
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when can I expect my bills due date?
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if I want to clear my bill in the first week of every month, how should I go about this?
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Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑Suppose billing cycle/statement generated every 20th in month. Your all spends before 20 apr will be billed and due date will be around 5-7 may.
Whatever you spend starting 21 apr will be billed on 20 may and due date will be 5-7 june. I hope this helps.
This makes sense but what about this
My card is new, so for eg, i make my first transaction on Apr 15, mid month, when will the bill be generated for it? Do banks usually have a time they give the bill? Or is it always 1 month?
And what's the deal with the 50 days interest free period?

Billing Cycle must be mentioned in your card document or email. I usually clear the bill as soon as I get salary, notwithstanding when the due date is. You too can do the same
Yeah I plan to do the same, which is why I want they dates to align tentatively with my salary. I didn't get any mention of billing cycle with my card, all it says is 50 days interest free from transaction

You can change the HDFC Bank credit card billing cycle from mycards or email to credit card customer care

You can setup the bill date to 2nd of every month, so that you get period of 2-15 to pay the bill.
It'll be simple to use also, no mental gymnastics required.
Like use cc for April 1-30 and it's bill generated on 2 May pay by 15 May. Use cc for May 1-31 it's bill will generate on 2 June pay before 15 June.
Ok this makes sense. Is there a specific number of days that a bill will generate after the last transaction in a month?
For eg, my card is new. I haven't made a transaction yet. It's Apr 3. Suppose I make my first transaction on April 12, when will the bill be generated for this month?

Try mobile app, you’ll be able to control/manage your card effectively there and also get to know the billing cycle and due date.