If you have gone through a credit card statement, you may have come across the term \u2018unbilled amount\u2019. After you complete a transaction on the credit card, its history can be seen under the \u2018unbilled amount\u2019 category.<\/p>\n\n\n\n
So, what is the unbilled amount on a credit card? It refers to the transactions from the credit card that are yet to be processed and added to the credit card statement.<\/p>\n\n\n\n
The unbilled amount represents the credit card activity carried out successfully by the cardholder but not yet added to the billing statement.<\/p>\n\n\n\n
Let\u2019s take an example to understand this:<\/p>\n\n\n\n
Let\u2019s assume you have a credit card whose next billing cycle is the 10th<\/sup> of the upcoming month. You decide to use your credit card on the 3rd<\/sup> of that month and carry out a transaction of \u20b9 7000.<\/p>\n\n\n\n So, until the bill comes on the 10th<\/sup> of the month, this \u20b9 7000 will show as the unbilled amount. It is because the amount has not yet been billed in a statement.<\/p>\n\n\n\n If you had made another transaction of \u20b9 3000 on the 6th<\/sup> of that month, your unbilled amount would have been \u20b9 10,000 (\u20b97000 + \u20b93000).<\/p>\n\n\n\n With a clear idea of what an unbilled amount is in credit card statements, let\u2019s see how and where you can check for the same.<\/p>\n\n\n\n Now that you know what the unbilled amount on your credit card means,<\/strong> let\u2019s see how you can check for the same:<\/p>\n\n\n\n You can log in to your net banking portal to access your credit card statement. In the statement, you will be able to see the unbilled charges.<\/p>\n\n\n\n You can sign up for text alerts for unbilled transactions. This way, you will be updated about the unbilled amount on your credit card in real time.<\/p>\n\n\n\n You can contact the customer service of the bank to get clarity on the unbilled amount and clear any queries and doubts you may have.<\/p>\n\n\n\n You can also utilise the bank\u2019s mobile application to check the unbilled amount on your credit card.<\/p>\n\n\n\n Also Read:<\/strong> What Happens When You Default on Credit Cards?<\/a><\/p>\n\n\n\n Unbilled amounts and outstanding amounts of a credit card might seem confusing.<\/p>\n\n\n\n Here\u2019s a table that explains the difference between the two:<\/p>\n\n\n\n It is advisable to clear any outstanding amounts at the earliest to avoid interest charges and build a good credit score.<\/p>\n\n\n\n Understand the unbilled amount to manage your finances effectively. It allows you to track your spending and have a clear idea of the upcoming credit card statement balance.<\/p>\n\n\n\n Planning on applying for a new credit card? Consider IndusInd Bank\u2019s range of Credit Cards<\/a> \u2013 with exclusive benefits, rewards on everyday spending, travel privileges and discounts, flexible repayment options, and enhanced card security. The best part? You can apply for a credit card online since the process is instant, paperless and 100% digital!<\/p>\n\n\n\nHow to Check the Unbilled Amount in Credit Card?<\/strong><\/h2>\n\n\n\n
1. Access your Net Banking Portal<\/strong><\/h3>\n\n\n\n
2. Sign up for Text Message Alerts<\/strong><\/h3>\n\n\n\n
3. Reach out to Customer Service<\/strong><\/h3>\n\n\n\n
4. Access mobile application<\/strong><\/h3>\n\n\n\n
Unbilled Amount Vs Outstanding Amount in Credit Card<\/strong><\/h2>\n\n\n\n
Type of Amount<\/strong><\/td> Meaning<\/strong><\/td><\/tr> Unbilled amount<\/td> It is the total amount that reflects all the transactions you have carried out on the credit card but has not been added to the monthly bill yet.<\/td><\/tr> Outstanding amount<\/td> It is the total billing amount that you must pay to the credit card company. It is also called current balance and can also include unpaid balances retained since the last statement.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Conclusion<\/strong><\/h2>\n\n\n\n