Best date for credit card bill generation

[ramandeep]

Hi, i am thinking of Changing my all credit card bill generation to a single date, so what could be the best to have best a date for bill generation?

Also how many times and frequently we change a credit card bill generation date?

 

[G M]

Hi, i am thinking of Changing my all credit card bill generation to a single date, so what could be the best to have best a date for bill generation?

Also how many times and frequently we change a credit card bill generation date?

only once u can. I have kept as 1st as due date

 

[drakesri]

I have kept as 1 and 15 for my most used cards for credit rotation.

 

[ramandeep]

only once u can. I have kept as 1st as due date

Ohh, then looks like i already changed for few cards.. so all cards can't have a single date then.

 

[akshayhs]

I have it in this fashion: 2 & 3 / 7 / 15 / 22
In this manner, I use one card per week. So I get 50 day interest free credit period every week.

 

[cardex]

Are these due date or bill generate dates?

I have it in this fashion: 2 & 3 / 7 / 15 / 22
In this manner, I use one card per week. So I get 50 day interest free credit period every week.

 

[purushotham]

I have kept as 1 and 15 for my most used cards for credit rotation.

1st is available?
I had asked HDFC and ICICI both Said 2 nd is available but not 1st

 

[pothi]

1st is available?
I had asked HDFC and ICICI both Said 2 nd is available but not 1st

It depends on the bank. Axis offers 1st.

 

[Zacobite]

Hi, i am thinking of Changing my all credit card bill generation to a single date, so what could be the best to have best a date for bill generation?

Also how many times and frequently we change a credit card bill generation date?

adjust so that due date is about a 5-7 days after salary date.. so you can pay off all on salary day and there is enough time for payments to settle by banks.

 

[Zacobite]

I have it in this fashion: 2 & 3 / 7 / 15 / 22
In this manner, I use one card per week. So I get 50 day interest free credit period every week.

yes but it will become a rolling affair so technically you gained only in the 1st month

 

[shrewdoc]

yes but it will become a rolling affair so technically you gained only in the 1st month

Let me explain. If you have 4-5 primary cards, you can spend as stated on selected period on specific cards and thus, you can have 45-50 day interest-free period to pay your bills.

 

[cardex]

Let me explain. If you have 4-5 primary cards, you can spend as stated on selected period on specific cards and thus, you can have 45-50 day interest-free period to pay your bills.

if I keep bill generation date as 25th, for all my 8 cards is that advisable?

 

[shrewdoc]

if I keep bill generation date as 25th, for all my 8 cards is that advisable?

Sure, why not? I have kept 28th for all my cards.

 

[cardex]

Sure, why not? I have kept 28th for all my cards.

how do you change icici card date?

 

[pothi]

how do you change icici card date?

Through ICICI app...

Select the card... Manage card... "View and Manage Billing Cycle". Select the desired date and submit. The process is instantaneous.

 

[cardex]

Through ICICI app...

Select the card... Manage card... "View and Manage Billing Cycle". Select the desired date and submit. The process is instantaneous.

done , TY. seems sbi does not have this option in their app.

 

[NShah]

done , TY. seems sbi does not have this option in their app.

Call Sbicard customer
No available option in Sbicard app

 

[CHOCOPANDA]

Hi, i am thinking of Changing my all credit card bill generation to a single date, so what could be the best to have best a date for bill generation?

Also how many times and frequently we change a credit card bill generation date?

i have kept 20th for all cards. pay on 31st salary date. and settles max in 5th day. no problem. as due date is 7th or 10th

 

[purushotham]

Mine
3 banks on 1st
3 banks on 16 th

So 15 days half month gap is there between them and billing date of 3 banks match with due date of other 3 cards .

Credit utilisation ratio not a big issue to me

 

[FinoGuy]

Keep it at 28th of every month your cibil will improve. (Keep some 1-2cards at 15th so that you've some backup)