What is Unbilled Amount in a Credit Card: Check Top 7 Ways

04 OCTOBER, 2021

When you make a transaction after your credit card statement is generated, it is known as the unbilled amount. It is the total of all transactions you make after the credit card statement is generated. The unbilled amount is usually shown in your upcoming credit card statement as the amount due.

To understand what is an unbilled amount in your credit card, it is the outstanding amount in your statement that you will have to pay within the due date. If you wish to know how much you have spent on your credit card, you will need to check the unbilled transactions on your credit card statement.

What is Unbilled Amount in a Credit Card?

Let us assume that your credit card statement is generated on the 10th of every month. Your credit card statement will include all transactions made between the 11th of last month and the 10th of the current month. During this period, if you make a transaction of Rs. 2500,000/- from your credit card limit, you will have to pay this amount in your current bill. Now, if you made a transaction on the 11th of the current month, the day your credit card statement arrives, it will be considered the unbilled amount as the amount is spent after the credit card statement is generated.

Repaying the unbilled amount in the following month is easy if it is a small amount. But, if the outstanding bill amount is more than you can manage, you have about twenty days to convert the amount into equated monthly instalments. With the Kotak Credit Card, you can conveniently convert your unbilled credit card into affordable EMIs.

Ways to Check the Unbilled Amount in Your Credit Card

If you are wondering what is an unbilled amount in a credit card, and how to check your unbilled amount, here are top ways to go for it:

Net banking

You can check your outstanding balance on your online credit card through net banking. To do so, you will need to register your credit card with the net banking facility. After registering, you can visit your account and click on Credit Cards. You will have options such as credit card balance, credit card available balance, credit card balance statement, and credit card bill payment. You will find the balance on your credit limit, the due date for paying your bills, and an easy-to-follow process to pay your credit card bills.

SMS alerts

The benefit of getting an online credit card is that your issuing bank provides you with SMS alerts every time you make a transaction with your credit card. It enables you to check your credit card balance via SMS. It is the best way to get real-time updates on all transactions. You will receive a text message that contains information about the amount you have entered and the current credit card balance.

Customer Service

If you are not comfortable with net banking or mobile banking, you can still view your credit card balance and credit card limit with your credit card balance check number. You can contact your issuing bank’s credit card customer care to get a complete credit card balance and statement.

ATM

Another way to check your credit card outstanding balance is by using an ATM. You can visit a nearby ATM, insert your credit card, enter the PIN, and check your outstanding balance instantly. The process of checking your credit card balance is similar to that of using a debit card.

Visit your bank branch

It is a time-consuming method to check your credit card outstanding balance. You will need to visit your nearest bank branch and submit a request to issue your credit card statement. It is an ideal option for individuals who are using credit cards for the first time. It familiarizes them with the process of checking their credit card balance.

Monthly statement

Every month, your bank sends your credit card statement to your registered email address. Your credit card statement contains details of your credit card balance, outstanding credit card dues, and the due date for the payment. The perk of checking your credit card statement is that it allows you to keep track of your spending and ensure on-time repayments.

Mobile app

Most banks in India have their primary banking apps to increase customer engagement. You will need to download the app on your smartphone, log in with your credit card details. After that, you can easily access your credit card statement to know the unbilled amount, which you have to pay within the due date.

Conclusion

The unbilled amount on your credit card is a total of all the transactions you have made after the credit card statement is generated. It is an outstanding amount that you will have to pay in full and within the due date.