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SBI CB CC due payment

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r_raghu

r_raghu

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Hi folks!

Had a query on the due amount to be paid for the card statement, so suppose the statement generated was of 20000 and shows 20000 as the "Statement Due" amount, and after that 1000 has been submitted as cashback, so do I need to pay just 19000 or entire 20000.

Also, in general when should we ideally clear the dues to get better reporting in the cibil? Should it be on due date only or any date between the statement generation and due date works the same.
 
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r_raghu said:
Hi folks!

Had a query on the due amount to be paid for the card statement, so suppose the statement generated was of 20000 and shows 20000 as the "Statement Due" amount, and after that 1000 has been submitted as cashback, so do I need to pay just 19000 or entire 20000.

Also, in general when should we ideally clear the dues to get better reporting in the cibil? Should it be on due date only or any date between the statement generation and due date works the same.
Click to expand...
My due date for SBI is around 8th of each month, and usually report date on cibil is around 10th of each month. So not sure whether they report on 10th for everyone, or it depends on due date
 
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r_raghu said:
Hi folks!

Had a query on the due amount to be paid for the card statement, so suppose the statement generated was of 20000 and shows 20000 as the "Statement Due" amount, and after that 1000 has been submitted as cashback, so do I need to pay just 19000 or entire 20000.

Also, in general when should we ideally clear the dues to get better reporting in the cibil? Should it be on due date only or any date between the statement generation and due date works the same.
Click to expand...
see as per cibil , sbi report your spending to cibil on bill generation, this only is considered when you know you have spend >30% in a calendar , more cc you have less to worry on these or more limit on one or more card. and now with CB , sbi CB card credit after 4 days from statement and you can count or not. up to you, it not one way affair you will use the card within next statement date. for me i pay full payment and that cb will be adjusted in next statement cause axis fk was my first cb card and since it reflect in next month statement i made a habit to ignore cb and if it more then statement come in negative simple.
 
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1. I always pay amount due after adjusting all cashbacks. Have done the same for HDFC, ICICI, SBI, Yes Bank, Amex and others for the past 7 years almost now. The only thing is some banks ask that you make a payment of atleast the minimum amount due by yourself. But that is also not usually followed.

2. Cibil reporting is not a big deal unless the total credit utilisation is more than 30% consistently across all cards. Having multiple cards, my utilisation remains around 1-2% always.

3. Payment can be made anytime. I usually do it on the last day or 1 day before due date because there is anyway a 3 day grace period as well for all banks.
 
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I have had bad experience with SBI Card. I had SBI IRCTC credit card which now i have closed because of their third grade customer service. Some years back, I had booked train tickets before bill generation, later due to change in travel plan, i cancelled my train tickets after bill generation. IRCTC refunded the money well before due date, i paid remaining amount taking into consideration the refund of train tickets but SBI card imposed penalty as well as interest on not paying full amount.
 
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Anupam said:
I have had bad experience with SBI Card. I had SBI IRCTC credit card which now i have closed because of their third grade customer service. Some years back, I had booked train tickets before bill generation, later due to change in travel plan, i cancelled my train tickets after bill generation. IRCTC refunded the money well before due date, i paid remaining amount taking into consideration the refund of train tickets but SBI card imposed penalty as well as interest on not paying full amount.
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I think it was bound to happen at that time bcoz there were no RBI guidelines on this, but now it is & u don't need to pay if there is refund, as it will be considered as a payment.
 
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SiddharthR said:
I think it was bound to happen at that time bcoz there were no RBI guidelines on this, but now it is & u don't need to pay if there is refund, as it will be considered as a payment.
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you sure na?

day before yesterday my bill got generated for 60K
today i got refund of 20k on SBI CB card

so what amount should i pay? 40K or 60K?
 
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r_raghu said:
Hi folks!

Had a query on the due amount to be paid for the card statement, so suppose the statement generated was of 20000 and shows 20000 as the "Statement Due" amount, and after that 1000 has been submitted as cashback, so do I need to pay just 19000 or entire 20000.

Also, in general when should we ideally clear the dues to get better reporting in the cibil? Should it be on due date only or any date between the statement generation and due date works the same.
Click to expand...
It's better to pay the total bill amount. Once I paid partially as I received amount due to return of some item. They charged my with late fee and GST. After talking to them able to reversed the late fee after two months.
 
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shubhamosy said:
you sure na?

day before yesterday my bill got generated for 60K
today i got refund of 20k on SBI CB card

so what amount should i pay? 40K or 60K?
Click to expand...
Pay 40K

"Refund amount will be adjusted to payment due
Any credit amount originating from refund, failed, reversed transactions or similar transactions before the payment due date for which the cardholder has not made payment will be adjusted to the 'payment due' and reported to the cardholder."

m.economictimes.com

Credit card billing rules that will be effective from July 1, 2022

To minimise recurrent complaints about late billing, the card issuer may suggest that bills and account statements be sent via internet/mobile banking with the cardholder's informed consent.
m.economictimes.com m.economictimes.com
 
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I did pay after due date, exactly after 12 days from due date. I paid the entire amount including the late payment fee today. I was in hospital and phone was not allowed there. How can I waive off the late payment fee even I paid the entire amount? Will they report this in CIBIL? Bill generated date on 20th. Due date on 10th
 
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