Failed idfc credit card payment

@guest_999 @Smak @Scorpion @PowerStar @pranavcool @prem4998

Tanmayyy wrote:

@guest_999 @Smak @Scorpion @PowerStar @pranavcool @prem4998

2 days will not be an issue as it is within grace period.

Definitely late fees and penalty will not be charged.
Reporting to CIBIL may be done negatively.

Scorpion wrote:

2 days will not be an issue as it is within grace period.

Definitely late fees and penalty will not be charged.
Reporting to CIBIL may be done negatively.

Any way to avoid that negative cibil reporting?

Don’t worry! There are exceptions. If you get charged, you can contact customer support and get it reversed as your intention was to pay in full, which can be determined from your bank statement.

see the credit date in app not processed date. 

bohemian wrote:

see the credit date in app not processed date. 

Credit date in idfc app shows as 11th of march

Tanmayyy wrote:

Any way to avoid that negative cibil reporting?

We can’t do anything upfront, because we are not sure on this whether they will report or not.
We have to try and request them if any late payment reported after checking our scores regularly.

Tanmayyy wrote:

Credit date in idfc app shows as 11th of march

Its within Grace period. In case of such scenario, always use NEFT or imps, it gets credited in 1 hour. From other banks or use idfc bill pay

bohemian wrote:

Its within Grace period. In case of such scenario, always use NEFT or imps, it gets credited in 1 hour. From other banks or use idfc bill pay

I was trying to pay through idfc app itself. Tried paying through , upi and netbanking both but to no avail.

bohemian wrote:

Its within Grace period. In case of such scenario, always use NEFT or imps, it gets credited in 1 hour. From other banks or use idfc bill pay

What is the grace period?

Tanmayyy wrote:

That could be technical problem

​

That could be technical problem in their system 

This always work



https://www.idfcfirstbank.com/personal-banking/...

Tanmayyy wrote:

What is the grace period?

3 days

Scorpion wrote:

2 days will not be an issue as it is within grace period.

Definitely late fees and penalty will not be charged.
Reporting to CIBIL may be done negatively.

+1

If you tried payment via their own bank acc then even if payment fail they shouldn’t levy any charge. If it is via 3rd party then it depends on what is the grace period of idfc credit cards. Reporting to cibil is something that entirely depends on bank though because I think even if bank does not levy any late payment charge they still have to report the correct date of settlement/payment towards credit card dues.

Tanmayyy wrote:

Credit date in idfc app shows as 11th of march

Once it happened that I paid my idfc card remaining due via idfc bank acc mobile app 10-15minutes before 12AM of the due date. Later the app showed payment date as day after due date but no late payment charge levied as I confirmed with customer care too but credit card statement for the next month also showed that txn date as next day of due date. However I have already paid the min amt due well in advance & I think late payment is only reported if min amt due is not received by the credit card before the end of due date day.

@bohemian @PowerStar @Scorpion @Smak

guest_999 wrote:

Once it happened that I paid my idfc card remaining due via idfc bank acc mobile app 10-15minutes before 12AM of the due date. Later the app showed payment date as day after due date but no late payment charge levied as I confirmed with customer care too but credit card statement for the next month also showed that txn date as next day of due date. However I have already paid the min amt due well in advance & I think late payment is only reported if min amt due is not received by the credit card before the end of due date day.

@bohemian @PowerStar @Scorpion @Smak

I paid way over the minimum due amount of my card which was around 2.5k. 32k was posted to card before due date itself. Due you think they will report negatively to cibil?

i asked to check because payment through paytm, mobikwik . amazon…always reported as real transaction date…even if  credited after 3 days. @guest_999

guest_999 wrote:

Once it happened that I paid my idfc card remaining due via idfc bank acc mobile app 10-15minutes before 12AM of the due date. Later the app showed payment date as day after due date but no late payment charge levied as I confirmed with customer care too but credit card statement for the next month also showed that txn date as next day of due date. However I have already paid the min amt due well in advance & I think late payment is only reported if min amt due is not received by the credit card before the end of due date day.

@bohemian @PowerStar @Scorpion @Smak

Yes Min Due Is The Main Thing For Bill Repayment! 

guest_999 wrote:

Once it happened that I paid my idfc card remaining due via idfc bank acc mobile app 10-15minutes before 12AM of the due date. Later the app showed payment date as day after due date but no late payment charge levied as I confirmed with customer care too but credit card statement for the next month also showed that txn date as next day of due date. However I have already paid the min amt due well in advance & I think late payment is only reported if min amt due is not received by the credit card before the end of due date day.

@bohemian @PowerStar @Scorpion @Smak

If I am not wrong  there is a grace period of 2 days. If your payment is within this time frame, banks cannot levy late payment charges.

guest_999 wrote:

Once it happened that I paid my idfc card remaining due via idfc bank acc mobile app 10-15minutes before 12AM of the due date. Later the app showed payment date as day after due date but no late payment charge levied as I confirmed with customer care too but credit card statement for the next month also showed that txn date as next day of due date. However I have already paid the min amt due well in advance & I think late payment is only reported if min amt due is not received by the credit card before the end of due date day.

@bohemian @PowerStar @Scorpion @Smak

Similar experience for me too. I paid a day after due date and i had to pay charges of late payment too but not reported negatively in cibil. Happened with HDFC and SBI too. Still saying 0 late payments in last 3 years, even total record says 0 late payments.

Addition: 1st point What i heard somewhere is they give some grace period before reporting negatively. The 2nd point is i paid the whole amount day after due date giving the impression that although I had capacity to repay i simply forgot, partial payment might reflect poorly. And it was once in a lifetime event, couldn’t focus on the financials because of contracting Covid. 

Tanmayyy wrote:

@guest_999 @Smak @Scorpion @PowerStar @pranavcool @prem4998

Off topic.. y did u paid via idfc app itself.. any specific trick or benefit wen u pay via idfc app??

Coz postpe and cred both give atleast some benefit..

axen89 wrote:

Off topic.. y did u paid via idfc app itself.. any specific trick or benefit wen u pay via idfc app??

Coz postpe and cred both give atleast some benefit..

It was the due date , didn’t want to take any risk of payment getting stuck in processing or something. Ironic

Tanmayyy wrote:

It was the due date , didn’t want to take any risk of payment getting stuck in processing or something. Ironic

I asked because u paid in multiples of 10k specifically.. that to via idfc app.. so i thought u r using any debit card or something to avail some benefit….

To my knowledge cred is processing
the payment for idfc within mins most of the time … At the max 2 hr…

Tanmayyy wrote:

It was the due date , didn’t want to take any risk of payment getting stuck in processing or something. Ironic

I too have idfc card… Lemme know if any offers available for payment and rotation

Tanmayyy wrote:

Any way to avoid that negative cibil reporting?

just goto idfc app n clear all the due. 

Since you had paid via cred on 9th you ll not be charged any penalty