How to Change Your Credit Card Due Date in Minutes?

Credit cards are commonly used by many of us now. However, many face various issues while using these cards. One of the very important things with the use of credit cards is timely repayments. There are billing cycles or billing periods, as per which you need to pay at least a minimum due amount by the due date. There are penalties to be faced if the due dates are crossed.

However, it is always possible to make the required payment on the due date?

What if someone is usually left with low funds when the date approaches?

The RBI has brought a solution to that.

Changing Your Credit Card Due Date

As per the central bank, it is now possible to get the due date changed to one of your choice. There have been amendments after which while you could change the date 'once', you can now do so 'at least once'.

The Reserve Bank of India has asked the credit card issuers to allow customers to have the option of modifying that date as per their financial situations. This will bring flexibility as well as convenience to the customers.

This helps in a lot of ways. It helps customers keep a better track of the due date for the credit card bills. They can adjust the date with their dates of cash inflow (such as the day when they receive salary to be able to make the card payment). This allows the to make the necessary payments without fail. It helps keep up their credit score and also prevents them from defaulting or getting burdened with penalties and higher interests.

You can now choose the due date for your credit card billing cycle and ensure that payments are always made in time, whether they be automated by you in the settings or are manually done by you every time.

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Changing Your Credit Card Due Date Within Minutes

The process required to make this change differs from bank to bank. Mostly, banks provide you with the option to make the change online through net banking. There are other ways like calling the customer care, or making an inquiry about the process that is followed at that particular bank.

Here, however, are the common steps that help you change the due date of your credit card billing cycle within minutes:

1. Check the Credit Card Issuer's Options: You first need to go to the official website to download the mobile app.
2. Finding the Due Date Option: Now look for the option 'Due Date' which can be done by going to Payments, then Billing or Account Summary. Here you will find the billing cycle or due date option.
3. Submitting the Request: Now, follow whatever the prompts are presented to you in order to make an online submission of the request for a new due date.
4. Customer Service: In case you've not been able to find that option, you can always consider speaking with the customer care to get assistance on credit cards.
5. Confirmation: In the end, make sure that you confirm the processing of the same with the issuer and note down your new due date for the cycle.

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Here are a few considerations to have when going through these steps:

• Credit card issuers vary in their process of credit card date change, and even in your ability to be doing so.
• When selecting a new date, make sure it aligns with your cash inflow and does not go the opposite way, making things more complicated.
• When you change the credit card billing cycle due date, note that this also changes the statement generation date.

You need to be aware of the new cycle, so that you make timely payments without missing or defaulting. Note that making complete payments and not just the minimum required will prevent you from paying the interest part. This way, you can save substantially on your credit card usage.

You can ensure timely payments through methods like setting reminders, or through setting automated payments to be deducted from the credit card account as the date comes up. This will help you maintain good creditworthiness in the credit report, that can benefit you financially in the long run.

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