How Interest on Delayed payment calculates?

[Satendra]

Dear Experts!
Here is my quick question. My card's billing period is same as calendar month.
I have following spends:
a) Rs.25,000/- on 5th Feb 2023
b) Rs. 20,000/- on 15th Feb 2023

Bill Rs.45,000/- generated on 1st March 2023 with Due date of 18th March 2023.
Rs. 30,000/- paid on 5th March 2023 and balance Rs. 15,000/- paid on 25th March 2023.

How Interest will be calculated on my first spend i.e. Rs.25000/- dt. 05/02/2023?

Option A: There will be no interest on 25000/- (Because it was paid before due date)
Option B: Interest will be calculated on Rs.25,000/- for the period from 05.02.2023 to 05.03.2023 (Because Total outstanding was not paid in full before due date)

Kindly respond with your logics.

Thanks
Satendra

 

[saucy]

None of the options you mentioned.

So
1. They will consider your payment as a part payment for BOTH of your txns.
2. They will charge you interest FROM THE DATE OF PURCHASE i.e 5th Feb and 15th Feb respectively.