What is the statement date for a credit card?

The statement date, or billing cycle end date, is the day your credit card issuer generates your monthly bill. It marks the final day of your billing cycle, and all transactions made up to this date are totaled to determine your statement balance. This date is crucial because it triggers the calculation of your minimum amount due and sets the timeline for your interest-free grace period. Typically, your payment due date falls about 21 to 25 days after this statement date, as per RBI guidelines.