Last updated: 21 August 2026
The Cycle
Credit card ka poora system ek monthly cycle me chalta hai: spend → statement → payment → repeat. Billing cycle 28-31 din ka hota hai.
Dates That Matter
| Date | What it is. Transaction date: when you spent. Posting date: when the bank added it to your account (1–3 days). Closing date: cycle ends, statement generated. Due date: paymentkarna hai |
|---|
Full vs Minimum
Full payment: zero interest. Minimum: 5% → late-fee se bachat, par interest pura balance par. Trap samjho.
Who Makes Money
Banks: (1) merchant interchange fee 1-3%, (2) interest on carried balance, (3) fees. That's why cards are given "free".
Frequently Asked Questions
Q: Do credit cards charge monthly?
A: No — there can be an annual fee; interest only applies when you carry a balance.
Q: Can I use card without money in bank?
A: Haan — card apni credit limit par chalta hai, payment baad me.
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