When to pay a credit card bill?

The best time to pay your credit card bill is on or before the payment due date mentioned in your monthly statement. As per RBI guidelines, banks must provide a grace period of at least 21 days from the statement date to the due date. To maintain a good financial standing, follow these practices:

• Pay the total statement balance by the due date to avoid high interest charges.
• Ensure the minimum amount due is paid to prevent late payment fees and negative impacts on your credit score.
• Paying a few days early helps account for processing times and avoids last-minute technical issues.