Payment Due - Query

[Tosh]

Credit limit - 150K
Statement - 20k on October 13th
Due date - November 2

Now, Is using my remaining credit limit before due date a factor in due amount.

Say I spend 50k more on October 19th and pay 20k back on October 21 my dues are settled for previous month right? Since the 50k spent are part of my next statement cycle

Also any clarity on refund for cancels/cashback credit post bill generation? Are they adjusted against due amount or should we pay in full?

I believe in paying full for mental peace but in case there a high ticket transaction that would mean unnecessary debits.

 

[ltf4ever]

Credit limit - 150K
Statement - 20k on October 13th
Due date - November 2

Now, Is using my remaining credit limit before due date a factor in due amount.

Say I spend 50k more on October 19th and pay 20k back on October 21 my dues are settled for previous month right? Since the 50k spent are part of my next statement cycle

Also any clarity on refund for cancels/cashback credit post bill generation? Are they adjusted against due amount or should we pay in full?

I believe in paying full for mental peace but in case there a high ticket transaction that would mean unnecessary debits.

yes, the payment of 20k will be settled against your amount due.

According to new credit card rules, the credit received against order cancellation/refund should be adjusted against amount due of the latest generated bill.
many banks are taking advantage of people not knowing the new rules. i myself am following up on one such rule.