Hello All,
I received an offer today on my IDFC Wealth CC for 100% processing fee reversal + ₹1000 Amazon voucher if I use their balance transfer facility.
As I have used 95% of my CC limit on my HDFC card, I decided to use this opportunity and paid 2.76 lakhs on my Infinia using Wealth CC.
I thought the transaction would settle instantly, but it looks like it would take 2 working days to settle, and my Infinia bill generates on the 19th of every month (as seen on the statement).
If the payment is credited by tomorrow EOD, will the amount be subtracted from the overall outstanding balance on my Infinia?
And
If the payment is credited on the 20th, will it count towards my CC bill payment?
TIA
I received an offer today on my IDFC Wealth CC for 100% processing fee reversal + ₹1000 Amazon voucher if I use their balance transfer facility.
As I have used 95% of my CC limit on my HDFC card, I decided to use this opportunity and paid 2.76 lakhs on my Infinia using Wealth CC.
I thought the transaction would settle instantly, but it looks like it would take 2 working days to settle, and my Infinia bill generates on the 19th of every month (as seen on the statement).
If the payment is credited by tomorrow EOD, will the amount be subtracted from the overall outstanding balance on my Infinia?
And
If the payment is credited on the 20th, will it count towards my CC bill payment?
TIA