Utilisation and Annual spends question

[CyberPsych]

My statement date is 2nd of every month. If I transact for 50k on 10th and pay that 50k on 15th, my outstanding on next billing will be zero (considering no other spends). Does this 50K account for annual spends (for annual fee waiver) or only the billed amount is considered? What happens to the utilisation % for that month?

 

[BVCBVC is verified member.]

Transactions are counted not the billed amount.

 

[Vasuki]

My statement date is 2nd of every month. If I transact for 50k on 10th and pay that 50k on 15th, my outstanding on next billing will be zero (considering no other spends). Does this 50K account for annual spends (for annual fee waiver) or only the billed amount is considered? What happens to the utilisation % for that month?

Yes .
Two dates when it's reported to cibil
On bill generation date ..
2- on 28-30th or month

Each bank have different style.
But for your preminlary question yes if u use and pay before bill generation it will be reported zero
Even though it mighted be reported in Highest cc limit used but that's not counted in CUR ( credit utilisation ratio)
For rough idea


Check this thread :-
Thread 'Credit Card CIBIL Reporting Date' https://www.technofino.in/community/threads/credit-card-cibil-reporting-date.375/

You can mark my answer as solution if u got all your answer 🔪