SBI CB CC due payment

[r_raghu]

Hi folks!

Had a query on the due amount to be paid for the card statement, so suppose the statement generated was of 20000 and shows 20000 as the "Statement Due" amount, and after that 1000 has been submitted as cashback, so do I need to pay just 19000 or entire 20000.

Also, in general when should we ideally clear the dues to get better reporting in the cibil? Should it be on due date only or any date between the statement generation and due date works the same.

 

[John123]

If you have have other Credit Cards
With high limits and negligible utilization then Your overall utilization will remain below 30%

I agree but I think banks will check individual account too.

 

[VISHESH_BANSAL]

I agree but I think banks will check individual account too.

May be but My Axis and Kotak got Approved even after 50-60% utilization of Cashback SBI Card.
So Banks Can match your declared income and Expenses.

If your doing Expenses on a particular Card and Expenses on other card is negligible, I do not think this may create any negative impact.

 

[TOUSIFAHMED]

Hi folks!

Had a query on the due amount to be paid for the card statement, so suppose the statement generated was of 20000 and shows 20000 as the "Statement Due" amount, and after that 1000 has been submitted as cashback, so do I need to pay just 19000 or entire 20000.

Also, in general when should we ideally clear the dues to get better reporting in the cibil? Should it be on due date only or any date between the statement generation and due date works the same.

I have gone through this. Your bill is 20000 then received cashback 1000 then you need to pay 19000 only. you can also check app. once you pay 19000 then in app it will show no due.

 

[RaviAgl]

But I'd better the pay full amount of the bill for peace of mind.

In Sbi you have the option to ask for credit refund to your Bank account (in case your card account has a credit balance) if you need the money.

I recently took back credit amount from sbi card to my bank. Generous guys, they sent me an email for that too.

Thanks,

 

[Wealth is my birth right!]

I always pay full amount as per statement and use the cb credit for the current month spending

 

[deep@vie]

May be but My Axis and Kotak got Approved even after 50-60% utilization of Cashback SBI Card.
So Banks Can match your declared income and Expenses.

If your doing Expenses on a particular Card and Expenses on other card is negligible, I do not think this may create any negative impact.

yes,total utilisation is considered across all the cards,that won't make any difference.

 

[pprakash11]

I always pay full amount as per statement and use the cb credit for the current month spending

Exactly. Never give banks excuse to charge even 1p

 

[imjk]

Hi folks!

Had a query on the due amount to be paid for the card statement, so suppose the statement generated was of 20000 and shows 20000 as the "Statement Due" amount, and after that 1000 has been submitted as cashback, so do I need to pay just 19000 or entire 20000.

Also, in general when should we ideally clear the dues to get better reporting in the cibil? Should it be on due date only or any date between the statement generation and due date works the same.

1. I keep a reminder of the net payment reqd (Billed amt-CB) and pay 2/3 days before due date. Been doing for 3 consecutive months and no charges till now.

2. Ensure to keep the utilization ratio below 30% before billing. Once it is billed, it doesnt matter when u pay it, as long as you do not cross the due date.

 

[WhoU]

Isn’t it simple? Open your credit card statement and look at total amount due. Simply pay that amount.

 

[pprakash11]

Isn’t it simple? Open your credit card statement and look at total amount due. Simply pay that amount.

yes. No Nonsense.

 

[WhoU]

yes. No Nonsense.

Yeah don’t consider no refunds no cashbacks post that. Simply pay total due well before the due date and live life peacefully.

 

[RaviAgl]

Well, I have placed an NACH request to autodebit my account with the bill amount for all cards execpt one (which I use primarily for most transactions).

This way I just don't lose track of my credit card bills. One, which I use as primary, I generally pay its bill upto 7 days in advance.

 

[akshayhs]

I just pay the statement due and never the statement due - cashback. It's just better that way because I will have better peace of mind and I also use that card for the coming month. In one way or the other, I make use of the cashback credited.

 

[akshayhs]

I'm not sure. SBI reports on bill generation date or month end.

I am observing that SBI reports to bureaus 3 days after your due date.

For example, in my case the statement date is 3rd of every month and due date naturally is 23rd. For some months now, I am seeing 26th to be the date where its reported to my bureau accounts.

 

[panu24]

I am observing that SBI reports to bureaus 3 days after your due date.

For example, in my case the statement date is 3rd of every month and due date naturally is 23rd. For some months now, I am seeing 26th to be the date where its reported to my bureau accounts.

Same for me. It's consistent reporting.

 

[pprakash11]

I am observing that SBI reports to bureaus 3 days after your due date.

For example, in my case the statement date is 3rd of every month and due date naturally is 23rd. For some months now, I am seeing 26th to be the date where its reported to my bureau accounts.

May be if its because that 3 days due date concession period of RBI.

 

[VISHESH_BANSAL]

May be if its because that 3 days due date concession period of RBI.

Instead of looking it this way, we must look it in below way:-

SBI report to CIBIl before 7 days of bill Generation.

If anyone wants to keep utilization low, then he has to make payment even before Bill generation.

SBI played very well to get payment in Advance.

 

[karanssh]

Ok, thanks for the pointers, I will just keep it simple, my due date will come on 2nd/3rd of every month, and I will clear the full dues on my salary date which is on 25th of every month. I use Cheq for CC bill payment.

25th as salary date? the only firm I know that does that is cisco 😅

 

[Wealth is my birth right!]

25th as salary date? the only firm I know that does that is cisco 😅

Nope
My employer too
Its a UK subsidiary firm

 

[panu24]

25th as salary date? the only firm I know that does that is cisco 😅

wow 25th ko hi salary mil jata hai