What is Unbilled Amount in Credit Card Statement?

Unbilled Amount in Credit Card Statement?

The unbilled amount on your credit card statement is the money that you have spent but have not yet gotten around to invoice. This credit card balance is generated on the fourth day of each month. This statement contains all the transactions that took place between the fifth day of the previous month and the fourth day of the current month. The total amount due is the amount that needs to be paid before the due date. This unbilled amount can be divided into two categories: charges and credits.

Your unbilled balance on your credit card statement is the amount that isn’t being billed but is still owed to the bank. You can pay off this amount on your credit card the following month, or you can convert it into a convenient EMI. The Bajaj Finserv RBL Bank SuperCard allows you to convert unbilled balances into a manageable number of monthly payments. By avoiding the interest charges on the unbilled amount, you can pay off your card debt in a matter of 20 days.

The unbilled amount on your credit card statement is the sum of all transactions that were made after the billing cycle. This amount appears as an outstanding balance on your next billing cycle. If you don’t pay this amount on time, your bill will be very large. Checking your unbilled amounts each month is a great way to avoid having large unpaid amounts. The unbilled amount can include debit and credit amounts, cashback, reversals, and any other kind of transaction you made on your credit card.