What is the best billing cycle for any credit card

[BVCBVC is verified member.]

What is the best billing cycle for any credit card

Bit confused what is best
-> Bill generation beginning of month
->Bill generation of mid of month
->Bill generation at end of month

@SSV @vaibhav111 @Rkr @BVC

Need your views and suggestions

I keep mix of all. But best would be 18-23 for employees.

 

[2025]

In my view billing date around 18-22 is the best option.
However, I follow two billing days per month. one between 1-3, and another one 15th. All my cards are covered except OneCard, where the billing date is the 22nd, and they don't allow me to change 2nd time.

I keep mix of all. But best would be 18-23 for employees.

The best part is we can pay bill in two different month to avail the Bill payment benefits using debit cards most effectively.
Rewards/ cashbacks are based on calendar months only.

 

[Bionick]

I just have 2 dates. 20th for cards with 20 days grace period and 22nd for the ones with 18 days grace period. I sit for 30 minutes on 5th of every month and pay all the bills. No auto debits.

Axis Atlas - 20th
Axis Olympus - 20th
HDFC Infinia - 20th
Amex Travel - 22nd
Amex MRCC - 22nd
HSBC Premier - 22nd
Amex does not allow 22nd as the billing date anymore.

 

[Subhajeet]

I've set all my cards billing date such as I do payment on a single date (usually 28th of every month or last weekend (sat or sun).
Using CRED for payments since the payment is fast and have never faced a single issue in last 2 years. Below are my cards and corresponding billing dates.

View attachment 78379


**And yes, I keep my salary in some liquid fund for around 25 days and then do payment. Basically, I never spend my salary 🙂 and live on the Credit Cards.

how to invest in liquid funds and any specific fund please and expected return and entry and exit load charges please

 

[amitagl27]

how to invest in liquid funds and any specific fund please and expected return and entry and exit load charges please

Hello Subhajeet,

You can invest in liquid funds via any platform. I use MF Central.
You can find more details here: https://www.valueresearchonline.com/stories/22069/liquid-funds-for-short-term-investments/

Returns are more than keeping the fund in savings account/FD for a month. Around 0.5%`0.8% for a month.

 

[RajS]

The best part is we can pay bill in two different month to avail the Bill payment benefits using debit cards most effectively.
Rewards/ cashbacks are based on calendar months only.

No matter in which date you pay, that will fall in same calender month in subsequent months

 

[RAMESH BABU N]

Which platform/bank/app/web you use for Auto Pay?

Since AUG2023 - HDFC SmartBillPay

 

[kuchbhi]

Ideally it can be 15th of the month so you'll have to pay till 5th of next month 😉

 

[Anindya98]

For me it doesn't matter, whatever set by default. I change my pattern of usage.

Same + 1

 

[2025]

No matter in which date you pay, that will fall in same calender month in subsequent months

I am talking about DC cashback. The cashback amount is based on date and amount of payment. Total amount can be paid in multiple installments.

For example, if u have a bill of 1,00,000 and you want to gain maximum using HDFC Plat DC (example) then u can pay 75k on last week of bill generation month and pay remaining on 1st/2nd of the subsequent month. In this case u will get full 1000 cashback. If u pay 100k in a single month either in same month or subsequent month then ur cashback will be limited to 750 only. Its a basic math which can not be applied for billing date between 1-10 where payment date will be restricted to billing month only.

Hope I am able to clear the doubt.

 

[RkrRkr is verified member.]

What is the best billing cycle for any credit card

Bit confused what is best
-> Bill generation beginning of month
->Bill generation of mid of month
->Bill generation at end of month

@SSV @vaibhav111 @Rkr @BVC

Need your views and suggestions

Between 20 to 25 in between month.

Why so ?
Because bills will be settled in very next month easily as many get salary between 1 to 10 of the month.Self employed are also accommodate easily in this schedule.

 

[2025]

Ideally it can be 15th of the month so you'll have to pay till 5th of next month 😉

Not always 5th; about 50% time, it's 4th. and for some who follow 48-day cycle, it's usually 2nd.

 

[Pradumya]

For me, it doesn't matter as most of my credit card statement are generated either negative or zero.
I mostly kept all statement dates as close to month end because most cards reported to CIBIL at month end.
So I cleared all my dues before statement generates and then it also gets reported to CIBIL

 

[RkrRkr is verified member.]

B

What is the best billing cycle for any credit card

Bit confused what is best
-> Bill generation beginning of month
->Bill generation of mid of month
->Bill generation at end of month

@SSV @vaibhav111 @Rkr @BVC

Need your views and suggestions

Between 20 to 25 of the month if you are salaried.

If you are Self employed then as per uses pattern one can choose the date accordingly.

 

[girish3456]

One week BEFORE you get your regular income (salary, pension, stipend, pocket money, interests, rowdy mamools....)

rowdy mamools 😀

 

[Beyond]

I have 20cc's+ and I had the same dilemma 2 yrs back. I thought the best is 1st of every month but some banks doesn't support this and most bank's do. My main concern was I want a common date so I found the best date is 20th of every month. 99% of the banks support this and 1% who doesn't, they support 19th or 21st. So I choose 20th and banks which doesn't support 20th I kept them at 19th or 21st.

Same pinch, my preferred date is also 18-20 of a month.

 

[RAMESH BABU N]

NONE of the bankers are willing to bill me ONLY on 29/Feb.

I wonder why they can't do it - just only once in four years. Lazy guys....

 

[helloworld]

What is the best billing cycle for any credit card

Bit confused what is best
-> Bill generation beginning of month
->Bill generation of mid of month
->Bill generation at end of month

@SSV @vaibhav111 @Rkr @BVC

Need your views and suggestions

less used cards - statement date should be 1st week of the month.

// pay all at once all cards statement generated.

frequent used cards - statement date should be last week of the month.

// pay all at once all cards statement generated.

 

[techprince]

I have set statement generation date of all CCs to 15-17 of each month which brings the due date to 2-4 of next month. So calculation becomes easier and i pay off all the bills on 1st of every month.

 

[PavanPavan is verified member.]

less used cards - statement date should be 1st week of the month.

// pay all at once all cards statement generated.

frequent used cards - statement date should be last week of the month.

// pay all at once all cards statement generated.

Thanks aagain 🙂

Planning to stick to this for now
Least used 1st of every months ..Most used last of every month