Vocabulary

The maximum amount you may spend within a particular billing period. The more you spend, the more available limit is used up.

Note: If you pay your bill early, your available limit won’t be restored in the same billing period. It will only be restored in the next billing period.

This is the amount you can spend and repay in a month. This is allocated to you based on your credit score, and is reported to popular credit bureaus.

The total amount that is payable in your current bill. It includes all billed transactions, a portion of your pending dues (if any) and your ongoing EMIs/instalments for that month (if any).

Tip: You can avoid interest charges in the next bill if you clear all of your total dues.

The minimum amount in your bill you must pay to avoid late fee charges.

All transactions within your current billing period are counted in your next bill. Your billing period may be 30 days (1 month) or 15 days.

For example, all your transactions within the billing period 1

• 31 May 2022 will be included in your bill generated on 1 June 2022.

The date on which your bill is generated. This is usually the 1st of the month, (or both the 1st and 16th of the month).

The date on which your bill payment is due. This is usually the 3rd of the month, or both the 3rd and 18th of the month. This is the last date by which you need to pay at least the minimum dues on your bill, to avoid late fees.

Any remaining amount from the total dues from previous bills. Pending dues can be cleared on a monthly basis with added interest, or all in one go.

This is a fixed amount from your pending dues that is payable in your next bill. Usually, there will be an interest charged on this.

The total of all your transactions in the last billing period.

The total of all your transactions in the current billing period. This only includes transactions made after your last bill was generated.

The total amount of all your transactions in the current and last billing period. Includes both billed and unbilled transactions.

The amount of your monthly limit you have used, and is unpaid till now, including transactions, pending dues and EMIs.
[Total limit used = Monthly limit - Available limit]

The amount from your current bill that you’ve already paid.

The amount from your current bill that has not yet been paid.

The amount leftover from your total dues after you’ve partially paid your bill. It will be added to your pending dues and must be repaid in future bills, along with interest.

This may include:
- your ongoing EMIs/instalments for the next month
- and a portion of your pending dues that is payable next month, including interest.

A penalty charged if you miss paying your bill before the due date. Late fees are automatically added to your bill on the 4th of the month.

A penalty charged when auto-pay fails because of not enough account balance.

Any amount that will be subtracted from your current bill, like cashback or refunds, is included in adjustments.

Any kind of monetary gain earned by a user.

A subset of rewards. A discount being offered on a specific item or brand.

A subset of rewards. A cash amount being returned to a user..