Axis Ace Cashback Credit vs Swiggy HDFC Cashback Credit

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Deal Newbie
V1ckyram
As we know axis Ace Cashback will be credited before statement generation and hdfc swiggy cashback gets credited after statement.

Confusion is about bill payment, do we need to pay the total amount due or by deducting cashback amount?

For axis Ace there is no confusion because cashback earned in last month will be credited after the due date of last month's statement.

Confusion with Hdfc Swiggy as cashback will be credited before the due date.
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Deal Cadet Deal Cadet
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Though RBI clearly states that any form of payments made towards a credit card before the due date counts towards the total outstanding amount (which then is updated), I would still recommend to pay the full due amount and avoid the mess. Sure, you'll get the refund by raising the dispute to RBI Ombudsman if the bank charges you, but I don't think that it's worth the hassle.

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For both axis and hdfc check app. Any amount cashback or payment paid reduces the total amount due . just follow that to avoid confusion
Deal Cadet Deal Cadet
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It is clearly mentioned in your statement that CB will get adjusted in the next statement. So pay total outstanding.

Deal Cadet Deal Cadet
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Please pay the total outstanding amount which is mentioned in the statement.

The cashback which you have got will be adjusted in the next statement, just confirmed this with HDFC team

Deal Lieutenant Deal Lieutenant
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Mycards Will Clearly Tell You Payable Due Amount...When Cashback Is Credited Payable Due Amount Is Getting Decreased.

Checkout Upcoming Payment In Mycards

Deal Newbie Deal Newbie
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Can anybody please confirm, is it the same with SBI cashback card also, that the cashback gets adjusted in the next statement itself?

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Yes

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