Credit Card Bill Payment FAQs

Credit Card Bill Payment FAQs

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Should I pay my credit card in full?

Yes, you should pay your credit card bill in full. If you make a part payment, you will incur interest charges on the outstanding amount.

Moreover, you would not be able to avail of an interest-free credit period in the next billing cycle.

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What happens if you pay your credit card bill early?

If you pay off your credit card bill early, you eliminate the chances of a default. You can, thus, avoid credit card interest payments on possible defaults or part payments.

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How is Credit Card Payment Due Date Calculated?

Kotak Mahindra Bank specifies the credit card payment due date. It is mentioned on your credit card bill and depends on the interest-free credit period allowed by your credit card.

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How Does Credit Card Billing Cycle Affect Your Credit Score?

The credit card billing cycle does not have a direct impact on your credit score. However, if you miss paying your credit card bills within the due date or make partial payments, it can hamper your credit score.

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Can I change my credit card billing cycle or billing date?

Yes, you can request Kotak Mahindra Bank to change your credit card billing cycle or the credit card billing date.

The bank usually allows changes in the credit card billing cycle or date to make credit card payments more convenient for you.