Unbilled Amount on a Credit Card

The meaning of unbilled credit card amount is the unprocessed expenses that have not yet been included in your credit card billing statement. Here is an example of how you can calculate the credit card unbilled amount:

• You made a ₹5,000 transaction on 8th January and another ₹5,000 transaction on 12th January

• Your credit card billing cycle ends on the 15th of each month

• If you check your statement on 13th January, the ₹10,000 will appear as an unbilled amount

 

These purchases were made just before the billing cycle ended, so they will not appear on your January statement. Instead, they will be billed in the following statement.

Check your card’s unbilled amount to manage your finances better and repay the debt before the due date. Some of the methods you can use to check this amount are listed below:

• Net Banking

You can check your statement online through the issuer’s net banking platform. By logging into your account and checking the statement, you can stay informed of your card spending limits and unbilled amounts.

• SMS

When you receive your card, you may have registered your phone number for SMS alerts. Many issuers offer the option to receive your card statement via text message on your registered mobile number.

• Credit Card Statement

You typically receive your card statements via email once the billing cycle is complete. Regularly monitoring your statements will help you track your unbilled amount.

• Customer Service

You can contact the customer service team if you prefer not to check your unbilled amount online. Many issuers offer the facility to inquire about your card statement via toll-free customer care numbers. Some services may only be available on weekdays. 

 

In some cases, customer care chatbots on the website may also be able to assist you with this query. 

• Mobile App

You can also use your issuer’s mobile application to stay updated on your current unbilled amount. This is a simple option that allows you to check your statements without any hassle.

• ATM

You can also check your unbilled credit card amount through a statement printed at a nearby ATM. This option provides a quick way to stay updated on your card’s usage when you are on the go.

Although they may seem the same, unbilled credit card amounts and outstanding amounts are two distinct terms. Check out the following table to better understand the differences between them.

• Unbilled Amount 

This refers to the total transaction amount for purchases you have made but that have not yet been included in your credit card statement. Transactions between two billing cycles are added to the second month’s billing cycle.

 

For example, if your credit card billing cycle ends on the 15th of every month and you make purchases worth ₹20,000 on the 5th, these transactions will show as the unbilled amount in your statement until the 14th.

• Outstanding Amounts

The outstanding amount is the balance you owe to the issuer from the previous billing cycle that remains unpaid. 

 

Using the same example, if your credit card bill was due on the 15th of the month and you paid ₹15,000, the remaining ₹5,000 is the outstanding amount. You will have to pay this balance within the specified date.

Failing to pay the unbilled amount on your credit card by the due date can lead to several consequences. From late payment fees and poor credit scores to additional interest, unpaid amounts can quickly accumulate and negatively affect your financial standing. 

 

Some of the other consequences include: 

• Issuers add unpaid unbilled amounts to the next billing cycle. This will increase your outstanding balance and total dues. 

• You may have to incur high interest rates of up to 3-4% per month on unpaid amounts.

• Leaving unbilled amounts unpaid can harm your credit score over time. Your credit utilisation ratio will rise, which makes you look slightly unreliable with credit.

• Late payment charges will apply as a penalty for unpaid amounts.

• Unpaid credit card dues will reduce your available credit. This may limit your ability to use your card for emergencies in the future. 

• Continuously failing to repay your credit card bills may result in suspension of your credit card. This can damage your credit profile.